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The UK's directive to remove Huawei 5G equipment due to security concerns has raised alarms about increased reliance on just two vendors, Ericsson and Nokia, potentially jeopardizing network resilience. Despite the removal efforts, many base stations still operate on Huawei technology, and the anticipated benefits of Open RAN have not materialized, leaving telecom operators anxious about future transitions. The limited vendor landscape could hinder the UK's ability to ensure security and innovation in its telecommunications infrastructure.
Samsung is set to launch new XR smart glasses this year, entering the competitive market alongside Meta's Ray-Ban. This move highlights the growing interest in augmented and virtual reality technologies among major tech companies.
Saudi Arabia's non-oil exports rose by 10.7% year-on-year in January, with national non-oil exports increasing by 13.1%. The value of re-exports grew by 5.7%, contributing to a decrease in oil exports' share of total exports from 74.8% to 72.7%. Imports also surged by 8.3%, while the trade surplus fell by 11.9%.
Wells Fargo has maintained an Overweight rating on Micron Technology with a price target of $130, following a TrendForce report indicating price increases due to rising demand and tighter market conditions. Micron's stock is currently trading below its Fair Value, with analysts projecting price targets between $75 and $200, highlighting significant upside potential. The company reported a revenue growth of over 50% in the February quarter, driven by its High Bandwidth Memory products, and anticipates a gross margin of 36.5% for the upcoming quarter, reflecting strong demand in the Data Center sector.
Venture capitalists face the challenge of managing relationships with numerous limited partners (LPs), often juggling between 25 to 49 LPs for funds of US$1 million to US$10 million. Effective communication strategies and delivering value beyond financial returns are crucial for maintaining these investor relationships.In other news, Samsung has been ordered to pay US$601 million in back taxes in India due to alleged tariff violations, while BMW partners with Alibaba to develop an AI engine for future vehicles. Additionally, several startups have secured significant funding, including Apna Mart with US$25 million and TARS with US$120 million.
Blibli, an Indonesian omnichannel commerce platform, reported a 14% year-on-year revenue growth for 2024, with a remarkable 41% increase in Q4. Direct sales surged by 66% to 859 billion rupiah, while marketplace sales rose 26%, driven by heightened customer demand. The company enhanced its logistics with a new warehouse for two-hour delivery in 48 cities and reduced operating losses by 34%, showcasing its commitment to efficiency and innovation.
Mini Korea has launched its all-electric lineup, including the Cooper, Countryman, and the new Aceman, at the BMW Driving Center. The Aceman, exclusively electric and positioned between the Cooper and Countryman, features a 312-kilometer range. The Cooper offers 218 horsepower and a 300-kilometer range, while the Countryman EV boasts up to 313 horsepower, showcasing impressive performance during a test drive. All models incorporate Samsung Display's circular OLED screens.
Huawei has launched the world's first tri-foldable smartphone, the Mate XT, priced at €3,499, amid ongoing US-China tech tensions. While the device showcases innovation with its unique design, challenges such as high pricing, software limitations, and supply chain issues may hinder its global success. Despite dominating the foldable market in China, Huawei's long-term prospects remain uncertain due to restrictions on technology access and competition from major brands like Samsung and the anticipated entry of Apple.
Huawei has launched its Mate XT Ultimate Tri-Fold phone globally, posing a significant threat to Samsung's Galaxy Z Fold 6. Priced at RM 14,999 (around $3,400), the device features a dual-fold screen design, while Samsung is reportedly developing its own tri-fold model with a dual inward folding design, expected to be unveiled soon. However, Huawei's lack of Google Mobile Services raises concerns about its app ecosystem despite claims of broad compatibility.
Huawei launched its first tri-foldable phone, the Mate XT, priced at 3,499 euros, marking a significant moment for the company amid U.S. technology restrictions. Despite its innovative design and a 49% market share in China, challenges such as high pricing, supply chain issues, and lack of Google services may hinder its global success. The device showcases Huawei's resilience in the competitive tech landscape, even as it faces ongoing scrutiny and limitations.
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UK faces security risks amid Huawei 5G equipment removal and vendor reliance
06:07 29.03.2025
samsung to introduce new xr smart glasses to rival meta's ray-ban
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Saudi Arabia's non-oil exports rise 10.7 percent in January 2025
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