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Category: Business (page 2 of 66)

Samsung to manufacture chips with newer 3nm processor at Texas plant

Samsung to build a plant in Texas, the USA with an investment of $10 bn to manufacture a new logic chip of 3nm processor by using ultraviolet lithography tech. The company might invest $116 bn in the next 10 years into non-memory chips. It’s semiconductor business invested $26 bn in 2020 into memory business which is lower than its rival company TSMC, which invested $28 bn in 2020. Samsung might face massive competition from TSMC.

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Otter.ai to automatically  transcribe Google Meet calls in real-time

Google and Otter.ai have partnered for transcriptions and closed captions on Google Meet in real-time. The Chrome extension saves all Google Meet transcriptions, offers closed captions by clicking on the “cc” button and could be used by non paying users. It also included support for French, German, Portuguese, and Spanish. All one has to do is download Otter.ai Chrome extension, install and run it. One can also change the font size of the text.

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Nokia, NCCoE collaborate for 5G cybersecurity project

Nokia has been selected for the US’ National Cybersecurity Center of Excellence’s 5G Cybersecurity Project as a tech provider. It would work for a secure shift from 4G to 5G networks. The project would include software, 5G RAN, core solutions and IP-Backhaul. It was selected on the basis of its success in 5G networks, mobile network security and expertise in 5G RAN. The aim is to develop 5G’s advances in security features, leveraging in cloud technologies.

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IBM struggles with transformation as cloud, AI revenue down 4.5%

IBM’s earnings showed that its cloud and cognitive software revenues were down by 4.5% to $6.8 bn.  Revenue from cognitive applications — where AI incomes are mentioned — were flat. However, Red Hat performed well, with a rise of 18% in revenue YoY. But overall IBM’s revenue declined for the fourth straight quarter. Experts, however, said it’s too easy to say that IBM’s transformation strategy has failed, the results aren’t there yet.

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India 5G smartphone shipment to touch 38 mn units in 2021: Report

5G smartphone shipment is expected to rise over 9x to touch 38 mn units in 2021, driven by brands like OnePlus and Apple, according to research firm Counterpoint. The firm said that India’s smartphone market was one of the fastest to recover after pandemic and recorded its best quarter ever in the quarter ending Sept 2020 in terms of shipments. India’s 5G shipments stood at 1.7 mn in the period and are projected to cross 4 mn by the end of 2020.

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India’s accounts for 14% of global app downloads

India’s digital economy accounts for about 14% of global app downloads, 4x higher than the global avg. The avg time spent on mobile phones in 2020 is 37% more compared to 2019, app downloads grew by 28%. India contributed 9% of global app downloads in 2019. After lockdown, mobile usage rose by 20%. Indians on an avg spent 4.8 hrs on a device in 2020, beating the global avg of 4.2 hrs. VoD phenomena is a big one driven by OTT, gaming and short video apps.

Digital India to drive economy to $1 tn by 2025: Niti Aayog CEO

Digital transformation, riding on the wave of new-age tech — AI, cloud computing, IoT, blockchains, robotics–  can drive the manufacturing sector to create $1 trillion economy by 2025 up from $200 bn, said Niti Aayog CEO Amitabh Kant. According to the CEO, the Central government’s Digital India push helped to bridge the digital divide in the country. “Digital is the future,” and if India wanted to improve the social and health sectors, going digital was critical.

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MediaTek launches Dimensity 1200, 1100 SoCs for flagship 5G phones

MediaTek has launched the Dimensity 1200 and 1100 5G processors. The chipsets use the 6nm process and support 5G carrier aggregation (2CC) across FDD, TDD, DSS, True Dual SIM 5G, VoNR and Bluetooth 5.2. Dimensity 1200 has 200MP camera, 4K HDR video capture and WiFi 6 connectivity. It gives up to 16GB of RAM with peak download and upload speed of 4.7Gbps and 2.5Gbps, resp. These are expected to hit the market at the end of Q1 and beginning of Q2 this year.

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Tanla partners with Microsoft to launch ‘Wisely’

CPaaS provider Tanla Platforms partners with Microsoft to launch an edge-to-edge global blockchain network, ‘Wisely’ for sending encrypted SMSes directly from enterprises to telco operators, after WhatsApp’s privacy policy changes. The network for omnichannel communication includes SMS, email, voice, RCS, OTT apps. It would launch the ‘Wisely marketplace’, an Uber/Airbnb-like model. Tanla’s shares rose 3.91% to close at Rs 778.30 per piece on BSE.

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