Global Competition Ramps Up in the Semiconductor Industry

In light of the U.S. ban on selling chips and chipmaking technology to China, that country has raised $38 billion so far this year with the goal of achieving self-sufficiency. According to S&P Global Market Intelligence, that number — achieved through public offerings, private placements and asset sales — is “more than double” the total raised in 2019. Corporate registration tracker Tianyancha stated that 50,000+ Chinese businesses related to semiconductors registered this year, four times the total five years ago. Meanwhile, Seoul-based Samsung is investing heavily in its own next-generation chip business, ramping up competition in the semiconductor sector. Continue reading Global Competition Ramps Up in the Semiconductor Industry

Baidu Joins the Race to Get Self-Driving Vehicles on the Road

Baidu, a Chinese company best known for its Internet search engine, has entered the competition with other Internet companies and automobile manufacturers to create an autonomous vehicle. The company has already invested heavily in artificial intelligence and developed software called the Baidu AutoBrain System, which automatically records 3D road data and recognizes objects and road lanes. This expertise may help Baidu gain an edge over Google, General Motors, Tesla and Ford. Continue reading Baidu Joins the Race to Get Self-Driving Vehicles on the Road