Around 80 percent of Samsung Group’s investment plan of 240 trillion won (US$205.5 billion) is expected to be spent on chips, analysts here said Wednesday, amid its push to bolster technology leadership in the semiconductor market. Samsung, South Korea’s largest conglomerate, announced Tuesday it plans to invest 240 trillion won, with 180 trillion won allocated… Continue reading World NM: 80 pct of Samsung’s 240 tln won investment likely to be poured into chips: analysts001502
Author: World_Newz Mon
World NM: How the computer chip shortage affects Skoda – according to its boss001501
With generic VW Group software issues also afflicting its cars, the Czech firm says it will go its own way Go to Source
World NM: Japan’s Mitsui insurance ups investment in Israel’s Upstream Security001500
Japan’s Mitsui Sumitomo Insurance Co. (MSI) has increased its investment in Israeli automotive cybersecurity startup Upstream Security, the companies announced on Tuesday, bringing Upstream’s Series C funding up to $62 million. New investors in the now-completed C round included Israeli insurance company IDI Insurance, 57 Stars’ NextGen Mobility Fund, and French investment club La Maison… Continue reading World NM: Japan’s Mitsui insurance ups investment in Israel’s Upstream Security001500
World NM: Samsung, LG to showcase advanced OLED display tech at IMID 2021001499
South Korea’s two largest display makers — Samsung Display Co. and LG Display Co. — on Tuesday said they will showcase their latest innovations at the country’s leading exhibition for display panels this week. The company will also display an under panel camera solution, which hides a front-facing camera underneath the screen, equipped in the… Continue reading World NM: Samsung, LG to showcase advanced OLED display tech at IMID 2021001499
World NM: Faurecia to highlight smart mobility at 4th CIIE001498
Faurecia, a global automotive supplier based in Paris, France, will showcase its innovations for smart mobility at the fourth China International Import Expo in Shanghai this November. The company promptly decided to attend the expo when it was informed that this year’s edition would feature exhibitions and activities centered around intelligent interconnection, autonomous driving, and… Continue reading World NM: Faurecia to highlight smart mobility at 4th CIIE001498
World NM: Beijing sets sights on higher-level open economy001497
China will align with high-level international economic and trade rules as it pushes to establish a new system for a higher-level open economy, a top commerce official said on Monday. As the world’s second-largest economy, second-largest consumer market and largest exporter, China has shortened its national negative list to 33 items, while the figure for… Continue reading World NM: Beijing sets sights on higher-level open economy001497
World NM: Passenger vehicle segment to lead sales recovery to pre-pandemic levels: Crisil001496
Passenger vehicles (PV) dealers are expected to lead a recovery among all automobile dealers sub-segments with 20 to 22 per cent revenue growth this fiscal to almost reach pre-pandemic revenue levels of fiscal 2020, rating agency Crisil said on Monday. Even so, automobile dealers’ overall revenues will still likely grow at 20 per cent on… Continue reading World NM: Passenger vehicle segment to lead sales recovery to pre-pandemic levels: Crisil001496
World NM: Fairfirst Insurance announces partnership with CamCom to harness AI powered automobile inspection solutions001495
CamCom, a global leader in AI powered visual inspection solutions has inked a partnership with Fairfirst Insurance, the most innovative general insurance company of Sri Lanka. CamCom solutions deployed on mobile devices will power damage analysis for 4, 3 and 2-wheeler for Fairfirst customers across Sri Lanka. This will be the first-of-its-kind in Sri Lanka… Continue reading World NM: Fairfirst Insurance announces partnership with CamCom to harness AI powered automobile inspection solutions001495
World NM: Exports soar 41 pct in first 20 days of August001494
The country’s outbound shipments stood at US$32.2 billion in the Aug. 1-20 period, compared with $22.9 billion a year earlier. By sector, outbound shipments of memory chips, a key export item, rose 39.8 percent on-year, and those of autos increased 37 percent despite global supply shortages of automotive chips. Exports, which account for half of… Continue reading World NM: Exports soar 41 pct in first 20 days of August001494
World NM: Warning issued over drive-assist functions001493
Experts are urging car owners to cut their overreliance on smart vehicles’ driving-assist functions after a 31-year-old driver died in a crash in Southeast China’s Fujian province when his Nio car failed to detect another vehicle ahead. Some carmakers are overstating their achievements in driving-assist functions by using words such as “auto” in their driving-assist… Continue reading World NM: Warning issued over drive-assist functions001493