Naspers’s biggest shareholder is considering whether to reduce its R245-billion stake in Africa’s biggest company because of concern it’s overexposed to a single stock, sources said.
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Laptops made by Huawei have reappeared on the Microsoft online store after they were removed in the wake of a US executive order which cracked down on the Chinese company.
Regulators will be watching closely when Facebook unveils its cryptocurrency project this week. Their vigilance is warranted.
Huawei founder Ren Zhengfei expects US sanctions to curtail its revenue by about $30-billion over the coming two years, wiping out its growth by withholding critical American technology.
Intel is reviewing its global supply chain amid the growing trade war between the US and China, CEO Bob Swan said.
Huawei is preparing for a 40% to 60% drop in international smartphone shipments as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses.
Bitcoin climbed past $9 000, to its highest since May 2018, as reports that Facebook is due to unveil a digital currency added to optimism.
Government is considering a R3.2-billion guarantee for the country’s cash-strapped national broadcaster to help it raise money from lenders, according to a report.
Samsung Electronics vice chairman Jay Y Lee said the company will pursue investment in future businesses including 6G mobile networks and system semiconductors.
As Huawei comes under unrelenting pressure from the Trump administration, it has one advantage that the US can’t undermine: a vast, global portfolio of patents on critical technology.