Qualcomm Alleges Apple Shared Trade Secrets to Help Intel

In California Supreme Court in San Diego this week, Qualcomm charged Apple with stealing computer source code, software development tools and log files of data about its products’ performance and giving it to Intel, with the goal of reducing its need for Qualcomm chips. The two tech behemoths have been involved in a legal battle since last year, when Qualcomm accused Apple of a “multiyear campaign of sloppy, inappropriate and deceitful conduct to steal Qualcomm’s information and trade secrets” to help Intel. Continue reading Qualcomm Alleges Apple Shared Trade Secrets to Help Intel

Music Modernization Act Passed in Senate, Returns to House

Following the House of Representatives passage of the Music Modernization Act in April, the U.S. Senate also gave its unanimous consent on September 18. The bill was renamed after Republican Utah senator Orrin Hatch, also a songwriter, scheduled to retire at the end of his term this year. With the Senate passage, the bill will return to the House to get approval for all the changes made to achieve Senate approval. If and when the House approves, the bill will go to President Donald Trump to become law. Continue reading Music Modernization Act Passed in Senate, Returns to House

Facebook and Twitter Execs Answer Questions on Capitol Hill

In Washington DC, as Facebook chief operating officer Sheryl Sandberg and Twitter chief executive Jack Dorsey were concluding testimony on efforts to repel foreign interference ahead of the midterm elections, Attorney General Jeff Sessions dropped a bombshell. He stated plans to convene state attorneys general on September 25 to look at what the Justice Department said is the intentional “stifling [of] the free exchange of ideas on their platforms.” Google, which had been invited to testify, did not send a representative. Continue reading Facebook and Twitter Execs Answer Questions on Capitol Hill

Sanders’ Proposed Tax Bill Aimed at Amazon and Jeff Bezos

Sen. Bernie Sanders (I-Vermont) introduced a bill to tax big companies whose employees need federal benefits to stay afloat. In doing so, he targeted Amazon founder/chief executive Jeff Bezos, who, said Sanders, “could play a profound role” by ensuring his employees earn a living wage. “This would not only improve lives for thousands of people at Amazon; it would send a message to every corporation in America that that’s where we should be going as a nation,” said the senator, whose bill is co-sponsored by Rep. Ro Khanna (D-California). Continue reading Sanders’ Proposed Tax Bill Aimed at Amazon and Jeff Bezos

Senate Intelligence Committee to Question Tech Execs Today

Senate Intelligence Committee hearings will begin today to examine a host of issues regarding big technology firms, including Facebook, Twitter and Google, and weigh whether the issues might be addressed by legislative or executive actions. Those companies already stand accused of not controlling the use of their platforms to disseminate misinformation and, in general, not taking enough responsibility for content. Meanwhile, conservatives accuse the platforms of bias in policing content. Continue reading Senate Intelligence Committee to Question Tech Execs Today

In Taiwan, CE Firms Devise Contingency Plans for Trade War

Taiwan plays an important role in the global technology supply chain, assembling devices from smartphones to computers. Now, as tensions rise between China and the U.S., some of the largest Taiwan-based companies are figuring out ways to avoid the worst depredations of the trade war. Foxconn Technology Group chairman Terry Gou took the first step, by opening a $10 billion display plant in the U.S., and now the chief executives of Pegatron and Inventec are revealing details of their own plans. Continue reading In Taiwan, CE Firms Devise Contingency Plans for Trade War

President Bans Government Use of Huawei, ZTE Components

As part of the Defense Authorization Act, President Trump banned the use of Huawei and ZTE technology by the U.S. government and its contractors. Many Republicans regard the two Chinese companies as national security threats, which led to the passage of a Senate amendment in June to reinstate a trade ban on ZTE, which would have had the impact of shutting that company down. Trump worked to lift the ZTE ban, and the House did not sign off, setting off questions as to whether the two chambers would find a compromise. Continue reading President Bans Government Use of Huawei, ZTE Components

Facebook, Twitter and Other Platforms Struggle With Infowars

After Facebook chief Mark Zuckerberg and his colleagues debated for weeks what to do about Alex Jones’ far-right, conspiracy-focused Infowars, Zuckerberg finally made the decision to ban Infowars content from the platform. Jones has millions of followers who endorse theories such as the Sandy Hook massacre being a hoax enacted by gun-control supporters. Prior to Facebook’s ban, company execs gave vague, unsatisfactory answers to questions from lawmakers and journalists. Meanwhile, Twitter execs have also been debating Infowars, but for now have opted not to ban Jones’ content. Continue reading Facebook, Twitter and Other Platforms Struggle With Infowars

Apple Is First U.S. Firm to Surpass $1 Trillion in Market Value

Although Q3 is typically Apple’s weakest quarter, the company revealed stellar revenue, proof of its success in finding ways to grow in a diminished global smartphone market. Chief executive Tim Cook said the company is reaching into emerging markets and expanding its services business, to achieve “strong double-digit growth in revenue.” According to Apple finance chief Luca Maestri, demand for the iPhone X, 8 and 8 Plus have been steady. On Tuesday, Apple’s market value hit $950 billion. By Thursday, Apple had become the first U.S. company to exceed $1 trillion in market value. Continue reading Apple Is First U.S. Firm to Surpass $1 Trillion in Market Value

Despite Obstacles, Google May Make its Way Back to China

Getting back into China after an eight year absence isn’t going to be easy for Google, even though the company developed a mobile search app capable of employing censorship. President Trump is threatening to dramatically expand existing tariffs against China, which could retaliate by blocking the operation of U.S. businesses there. Recently, Qualcomm ended its attempt to buy NXP Semiconductors after China withheld approval; China also sidelined Facebook’s plan to build an innovation hub there. Continue reading Despite Obstacles, Google May Make its Way Back to China

Facebook Deletes Fake Accounts in Windup to Next Elections

Stating that it had detected a political influence campaign potentially targeting the midterm elections, Facebook removed 32 pages and fake accounts that were active around contentious issues across the political spectrum. One was a sequel to last year’s “Unite the Right” rally and another was a campaign to abolish ICE. Facebook was not able to link the pages to Russia, but officials did say that “some of the tools and techniques” were similar to those used by the Kremlin-linked Internet Research Agency (I.R.A.). Continue reading Facebook Deletes Fake Accounts in Windup to Next Elections

Cloud Services and Advertising Push Amazon to Major Profits

Amazon posted $2.53 billion in profit for the first time, with the highest profit margin ever, the result of the company’s more recent service businesses, including cloud computing, advertising and other services for sellers. The Q2 profit compares to $197 million a year earlier, and represents three straight quarters of profits over $1 billion, forever changing Amazon’s former profile as a company that posts either red ink or bare bones income. Alphabet and Microsoft, however, still deliver much bigger profits. Continue reading Cloud Services and Advertising Push Amazon to Major Profits

Qualcomm Kills NXP Acquisition in Wake of China Trade War

Qualcomm has abandoned its $44 billion deal to buy Dutch chipmaker NXP Semiconductors after China held up approval of the transaction for more than 20 months. The death of the deal means that Qualcomm will buy back up to $30 billion of its stock in an attempt to raise share prices. China dragged its heels after the Trump administration imposed tariffs on numerous Chinese goods and China retaliated. Experts say China withheld approval of the sale to gain leverage in negotiations with Washington. Continue reading Qualcomm Kills NXP Acquisition in Wake of China Trade War

At G20 Meeting, Europeans Push Enactment of a Digital Tax

At a meeting in Argentina of G20 finance ministers and central bankers, the Europeans pushed to advance global rules to tax the digital economy, contrary to the point of view of the U.S. delegation. The group’s final communiqué reiterated the body’s commitment to “address the impacts of the shift to a digital economy on the international tax system by 2020,” but gave no further details. Earlier this year, the European Commission proposed rules to make digital companies such as Amazon, Facebook and Google pay more taxes. Continue reading At G20 Meeting, Europeans Push Enactment of a Digital Tax

U.S. Commerce Department Lifts Trade Ban on China’s ZTE

Following a deal made by President Trump, the U.S. Commerce Department has given the go-ahead to Chinese telecom company ZTE to resume its commercial relations with U.S. suppliers. ZTE was told the ban would be lifted once the company placed $400 million into an escrow account and paid a $1 billion fine, part of the penalty the Department had imposed on ZTE for breaking an earlier agreement to not sell to Iran and North Korea. ZTE’s failure to make good on this agreement led the Commerce Department to ban U.S. companies from selling to the Chinese company. Continue reading U.S. Commerce Department Lifts Trade Ban on China’s ZTE