Huawei discussing $3.7 billion sale of parts of Honor business: Report

  • Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
  • The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
  • The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
  • Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
  • Visit Business Insider’s homepage for more stories.

Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported. 

Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.

Digital China Group, the main distributor for Honor smartphones, is the frontrunner to land the deal, the people told Reuters.

It is competing with smartphone manufacturer Xiaomi Corp and Chinese electronics company TCL Technology, they said.

Honor’s brand, research and development capabilities, and its supply chain management business could be included in the deal according to two of the people.

One of them said that the deal could be an all-cash sale, worth between 15 billion yuan ($2.2 billion) and 25 billion yuan ($3.7 billion).

Huawei was put on the US’ Entity List in May 2019. This means that American companies are banned from doing business with Huawei, and can only trade with it if they get special permission from the Trump administration.

Digital China, TCL, and Xiaomi did not immediately respond to requests for comment. Huawei declined to comment.

Source Article

Guidehouse Insights Report Finds Utilities Must Strategically Invest in Automation, Control, Visibility, and Resiliency Technologies

As the occurrence of natural disasters increases, grid hardening and resiliency technologies are critical to outage prevention and recovery

A new report from Guidehouse Insights discusses key grid hardening and resiliency technologies for deployment on transmission and distribution (T&D) networks.

The global electric grid is transforming from a unidimensional system of power producers and consumers into a multidimensional, cloud-enabled network. As such, it is more critical than ever for utilities and solutions providers to prioritize grid hardening and resiliency technologies. Click to tweet: According to a new report from @WeAreGHInsights, utilities must strategically invest in automation, control, visibility, and resiliency technologies.

“The frequency and scale of natural disasters increase year over year, and outages are simultaneously becoming less tolerable and more expensive to utility customers,” says Michael Hartnack, senior research analyst with Guidehouse Insights. “Increasing outages linked to natural disasters, wildfires, and other events is adding to the threat of deregulation and distributed energy resources integration into the traditional utility business model.”

To improve outage prevention and recovery, Guidehouse Insights recommends that utilities, solutions providers, and regulators and stakeholders proactively think ahead and consider long-term demands of both customers and the physical grid network. Stakeholders should be flexible to enable balanced solutions, and should prioritize collaboration, which breeds innovation. Additionally, they should constantly reevaluate systems to become future proof.

The report, Grid Hardening and Disaster Recovery Technologies, identifies and discusses the key grid hardening and resiliency technologies for deployment on T&D networks. Utilities must think ahead, be flexible, accept help, and constantly reevaluate options to ensure the operation of a hardened and resilient grid. The report includes the identification and discussion of eight key technologies for storm response and resiliency and provides four key recommendations for utilities and solutions providers. An executive summary of the report is available

Governments are using the pandemic to crack down on digital rights, report finds

The Freedom on the Net 2020 report, an assessment of 65 countries released Wednesday, found that the pandemic has accelerated a decline in free speech and privacy on the internet for the tenth consecutive year, and accused some governments of using the virus as a pretext to crack down on critical speech.

“The pandemic is accelerating society’s reliance on digital technologies at a time when the internet is becoming less and less free,” said Michael J. Abramowitz, president of Freedom House, which is funded by the US government. “Without adequate safeguards for privacy and the rule of law, these technologies can be easily repurposed for political repression.”

Amid the pandemic, internet connectivity has become a lifeline to essential information and services — from education platforms, to health care portals, employment opportunities and social interactions. But state and nonstate actors are also exploiting the crisis to erode freedoms online.
Nowhere has that approach been more apparent than in China, according to Freedom House, which rated the country worst for internet freedom for a sixth year in a row.
Since the coronavirus outbreak emerged in Wuhan last December, China has deployed every tool in its internet control arsenal — from digital surveillance, to automated censorship, and systematic arrests — to stem the spread, not only of Covid-19, but of unofficial information and criticism of the government, researchers found.

These practices are not unique to China, the report details.

Censoring the coronavirus outbreak

Intent on downplaying unfavorable Covid-19 coverage, authorities censored independent reporting in at least 28 countries and arrested online critics in 45 countries, per the report.

Following China’s lead, governments from Bangladesh to Belarus blocked reporting and websites that contradicted official sources, revoking credentials and detaining journalists who challenged their statistics. In Venezuela, for example, the government barred a website with

Global OLED and LCD Markets Report 2020: Technology, Directions, and Market Analysis

The “OLED and LCD Markets: Technology, Directions, and Market Analysis” report from The Information Network has been added to ResearchAndMarkets.com’s offering.

This technology-marketing report analyzes and projects the technologies involved in the fabrication of OLEDs, Liquid Crystal Displays (LCD), and microLEDs. This report discusses the technology trends, products, applications, and suppliers of materials and equipment. A market forecast for display equipment and materials analyzed and forecast.

At its core, OLED picture quality is superior to LCD on brightness, uniformity, blackness, viewing angle, and contrast ratio and a key feature for mobile devices, as it reduces energy consumption, thus extending battery life. The higher 1000 pixel per inch (PPI) of OLED is crucial for virtual/augmented reality applications. Meanwhile, the refresh rate is multiples higher vs. LCD and critical for real-time gaming. That said, LCD is significantly better on price given the sheer production scale and sizeable competition in that market (vs. OLED with only two meaningful players today).

In this report, we look at the competitive challenges that OLED display technology faces from mini-LED and micro-LED over the next few years. The key visual quality and performance qualities that we believe disruptors will continue to focus on include color gamut, power consumption, and display longevity. We believe mini-LED represents more of an evolution of existing LCD display technology in that a mini-LED array could serve as an alternative backlight source for the existing range of application, while the development progress in quantum dot (QD) emissive displays and microLED displays position those technologies to be potential disruptors in the premium display market segment over the next 2 to 5 years. In the meantime, we expect OLED displays as enabled by Universal Display will continue to be the premium display technology of choice in the mobile, smart watch, and TV markets for the

3,000 Amazon workers demand time off to vote: report

  • Amazon workers are demanding that the company give all US employees paid time off to vote in the upcoming election, NBC News reported Tuesday.
  • The petition, which gained more than 3,200 supporters, called for “a paid day/shift off that can be used anytime between now and Election Day on Nov 3” and “every year” in the future, according to NBC News.
  • “We have supplied all of our employees with information on how to register to vote, details of their local polling locations and how to request time off to vote,” an Amazon spokesperson told Business Insider.
  • Amazon and subsidiary Whole Foods employ nearly 1.4 million workers in the US.
  • Visit Business Insider’s homepage for more stories.

Amazon workers, who have become increasingly vocal about the company’s policies during the pandemic, have a new demand: time off to vote in the upcoming US elections.

More than 3,200 Amazon workers have signed a petition circulating internally demanding the company give its entire US workforce a paid day or shift off to vote, NBC News reported Tuesday.

“We are less than a month away from the 2020 US election. I strongly urge the company to provide the entire US employee workforce with a paid day/shift off that can be used anytime between now and Election Day on Nov 3,” read the petition, which has been circulating on an internal Amazon support ticket system, according to NBC News.

The petition also demanded that the “additional day/shift off must be available to all employees every year,” NBC News reported.

Amazon and its subsidiary Whole Foods have 1,372,000 “front-line” workers across the US — accounting for roughly 1 of every 200 of the country’s voting-age population — but doesn’t currently guarantee them time off to vote in person.

“We have supplied all of our employees with