Reuters Technology News

Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA (Reuters) – Samsung Electronics (005930.KS) plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business. The estimated 5.3 trillion won ($4.76 billion) business at Samsung was […]

Reuters Technology News

Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA (Reuters) – Samsung Electronics (005930.KS) plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business. The estimated 5.3 trillion won ($4.76 billion) business at Samsung was […]

Reuters Technology News

Grab, Uber’s SEAsia rival, to raise $2.5 billion from Didi, SoftBank, others

SINGAPORE (Reuters) – Grab, Uber Technologies Inc’s biggest ride-hailing competitor in Southeast Asia, said it expects to raise $2.5 billion in its latest financing round that will help bolster its leading position in the region and grow its payments platform. Chinese peer Didi Chuxing and Japan’s SoftBank Group Corp, both of which are existing investors, […]

Reuters Technology News

Madrid asks anti-trust watchdog to probe Uber’s new airport service

MADRID (Reuters) – Authorities in Madrid asked Spain’s anti-trust watchdog on Saturday to investigate whether Uber’s new low-cost airport transfer service constitutes unfair competition. The city council’s request follows the ride-hailing app’s return to the Spanish capital last year after the CNMC competition regulator called for the government to lift a ban on the U.S. […]