Huawei open to selling its 5G chips to Apple says report

first_img $999 Best Buy Boost Mobile Aug 31 • Your phone screen is gross. Here’s how to clean it Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? Huawei’s foldable Mate X phone uses the company’s in-house Balong 5000 5G modem chip. Andrew Hoyle/CNET The future of 5G on the iPhone is getting messy.Starting in 2016, Apple used chips from both Intel and Qualcomm to power its iPhone’s modem, connecting it to 4G cellular networks. But in 2018, the company switched entirely to Intel’s wireless chips for its $999 iPhone XS, $1,099 iPhone XS Max and $749 iPhone XR. And it’s believed the next iPhone will also use only Intel chips as well.That’s led to speculation the iPhone won’t be able to offer new 5G wireless technology until at least 2020. In the meantime, Apple and Qualcomm are battling in court over patent licensing, with the latest trial scheduled for next week in San Diego. While that court battle continues, it’s unlikely Qualcomm will supply 5G chips for iPhones anytime soon.While that drama plays out, the Chinese tech giant Huawei says it has a solution for Apple. The company said it’s “open” to selling its own 5G Balong 5000 chipsets to Apple, Engadget reported on Monday, citing an unnamed “source with knowledge of the situation.” Huawei declined to comment. Apple didn’t immediately respond to requests for comment. While Huawei may offer an alternative with its 5G modem, which is used in the Mate X phone, the company reportedly sells almost none of its wireless chips to other device makers because of national security concerns.Lawmakers in Washington consider Huawei a security threat, in part because of its close link with the Chinese government. As a result, federal agencies are banned from using the company’s products. The US has also encouraged other countries not to use Huawei tech with their 5G networks. As a result, Huawei devices are hard to come by in the US, despite it being one of the top phone makers in the world. For Apple, though, the lack of 5G wireless technology could be a liability. Every other major phone maker will have a 5G phone available by 2019.First published April 8, 1:13 p.m. PT.Update 2:30 p.m. PT: Adds details about Apple’s legal problems with Qualcomm, and Huawei national security concerns. Post a comment $999 Sprint CNET may get a commission from retail offers. Apple iPhone XS See it See It $999 Preview • iPhone XS is the new $1,000 iPhone X See It Apple Review • iPhone XS review, updated: A few luxury upgrades over the XRcenter_img $999 Mobile Apple waiting on a 5G phone, Qualcomm’s ultrasonic fingerprint… reading • Huawei ‘open’ to selling its 5G chips to Apple, says report • Tags Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors Now playing: Watch this: Aug 31 • Best places to sell your used electronics in 2019 See All Share your voice 0 5G Huawei Apple 1:08 Mentioned Above Apple iPhone XS (64GB, space gray) See Itlast_img read more

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Housing lender DHFL warns it may not survive

first_imgA woman walks past a signboard of Dewan Housing Finance Corporation Ltd. (DHFL) outside its office on the outskirts of Mumbai, January 31, 2019.ReutersShares in one of India’s biggest home loan and property finance companies, Dewan Housing Finance Ltd (DHFL), are expected to fall sharply on Monday after the lender reported dismal results and warned about its grim financial situation.DHFL reported a net loss of 22.23 billion rupees ($324.3 million) for the quarter ended March 31, in a regulatory filing late on Saturday. It also said it had defaulted on the interest payments due on two non-convertible debentures.”The share price would be impacted significantly. I expect it to be down around 10-15% when markets open as their business has been significantly affected,” said Arun Kejriwal, founder of independent advisory firm Kejriwal Research.The company’s ability to raise funds has been substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements, DHFL said in the note accompanying the results.”The most concerning thing in the result is that increased provisioning amount of 32.8 billion rupees ($478.5 million), which has suddenly come up in Q4FY19,” said Hemindra Hazari, an independent banking analyst, adding this implies either a sudden asset deterioration or that stressed assets are finally getting recognised.”This is not a great sign,” said Hazari.DHFL’s results are the latest sign of growing stress in India’s finance sectors as state-owned banks grapple with bad debts and a recent liquidity crunch in the shadow banking industry.This, in turn, has hurt economic growth, which in the March quarter fell to its lowest level in more than four years, presenting a challenge to Prime Minister Narendra Modi, who recently won a second term in office.RESTRUCTURING PLAN DHFL has said it is talking to bankers and other lenders on restructuring its borrowings and is in discussions to sell its retail and wholesale portfolio.The company will submit a resolution plan shortly, which may include extending the tenure of loans, converting debt into equity, seeking additional working capital and inducting a new management team and financial investors, sources who attended a meeting with its lenders on Thursday told Reuters.”We are in constant touch with the DHFL management and we’re confident that a resolution plan can be worked out in the coming days,” said one of the bankers involved in the recovery process, requesting anonymity.Still, investors say the company’s dire warnings about its financial situation raising doubts around the “ability of the company to continue as a going concern,” will remain in focus when markets open on Monday.”The losses are not surprising but the quantum is definitely surprising,” SP Tulsian, an independent investment adviser told television channel CNBC TV18.”I don’t accept these arguments about the company finding a solution in the next couple of months as that seems unlikely,” he said, noting that DHFL’s management has been trying to sell assets for the last four to six months.last_img read more

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Govt to set up West Bengal Film Academy

first_imgKolkata: The state government has set up West Bengal Film Academy (WBFA) to ensure an overall development and promotion of the film sector in the state.It may be mentioned that a notification has been issued, announcing the setting up of WBFA. There are a total of 23 members in it, with Aroop Biswas, the state Youth Services and Sports minister, as its chairman.The members of WBFA include personalities from the film industry, representatives of different associations, senior officials of the state Information and Cultural Affairs department, etc. Also Read – Heavy rain hits traffic, flightsDirector Goutam Ghosh, actor Prosenjit Chatterjee, MP and actor Dipak Adhikari, MP Satabdi Roy, director Shoojit Sircar, Srikanta Mohta and many others from the film industry are in WBFA. Moreover, the presidents of the bodies, including Federation of Cine Technician and Workers of Eastern India and Eastern India Motion Pictures Association, are also its members. Among state government officials, Principal Secretary of the Information and Cultural Affairs department, Finance Secretary, Director of Films, Director and CEO of Roopkala Kendra and managing director of West Bengal Film Development Corporation Limited, are also members of WBFA. The CEO of Nandan and Director of Kolkata International Film Festival is the member-secretary and its convener. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedIt has been stated that the step to set up WBFA has been taken to encourage and promote development of films and to act as an “umbrella body” for all issues related to the film industry. With setting up of the same, stress will be given on the development of infrastructure needed for the industry.Moreover, it will also ensure creation of employment opportunities in the sector and at the same time, the body can also give advice on various ongoing issues, to sort out the problems faced by producers, distributors and exhibitors. The body can also extend necessary help in connection with the ongoing schemes such as group mediclaim policies, accident insurance schemes for the cine and television artistes and workers in the studios.Members of WBFA will also seek to ensure further development of Roopkala Kendra, West Bengal Film Development Corporation Limited, Cinema Centenary Building and other related institutions.last_img read more

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