China’s top chipmaker says it can match Samsung on memory tech

Yangtze Memory Technologies, China’s top memory chipmaker, has announced it is now able to build chips that match the most advanced offerings of international industry leaders, though it remains to be seen if this breakthrough will translate to successful mass production. On Monday, the Chinese national champion said its 128-layer 3D NAND flash memory chip samples have been verified by the … https://s.nikkei.com/2VB73lM

British Steel: Takeover by Chinese firm completed

Jingye Group said that the move would save more than 3,000 jobs in Scunthorpe and Teesside and it would modernise the towns’ steelworks. The firm reportedly offered £50m to buy the company after it collapsed and was placed under the control of the UK Insolvency Service last year. Unions have said that although the deal “must be celebrated”, about 450 workers still face losing their jobs. British … https://bbc.in/2QvBx6J

China wants to make the chips that will add AI to any gadget

The AI boom offers Chinese chipmakers a chance to catch up after years of lagging behind. In an office at Tsinghua University in Beijing, a computer chip is crunching data from a nearby camera, looking for faces stored in a database. Seconds later, the same chip, called Thinker, is handling voice commands in Chinese. Thinker is designed to support neural networks. But what’s … http://bit.ly/2nvPt2c

In A Shared Economy, Who Will Own Cars?

Cracks in the business model that has guided the auto industry in the past century are becoming more visible by the day. Individuals in the future are less likely to buy and own their own cars; they are more likely to share and rent them. Vehicle occupants aren’t as likely in the coming years to be behind the wheel themselves, and, as a result, may be more indifferent to … http://bit.ly/2n3pHCc

Leaving the EU will be bad for trade, but a secret Brexit will be worse

As China’s domestically sourced supply of parts and components has risen over the past decade, this particular share of the country’s total imports has halved. We can think about these trends as part of the deglobalisation narrative, in which cross-border international lending and trade financing is much reduced, and foreign direct investment as a share of global GDP is … http://bit.ly/2hFsBKs