Reuters Technology Report: July 24, 2017

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Monday, July 24, 2017

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

YONGIN, SOUTH KOREA (Reuters) - Samsung Electronics 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.

U.S. venture capital's digital coin quandary: cash-rich startups

NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.

Exclusive: Germany wants more EU sanctions on Russia over Siemens Crimea turbines - sources

BRUSSELS (Reuters) - Germany is urging the European Union to add up to four more Russian nationals and companies to the bloc's sanctions blacklist over Siemens gas turbines delivered to Moscow-annexed Crimea, two sources in Brussels said.

Qatari websites unblocked in Saudi due to technical glitch: royal adviser

RIYADH (Reuters) - Websites and some television channels linked to Qatar were unblocked in Saudi Arabia on Monday morning but the change arose from a technical glitch and the restrictions will be reimposed shortly, a key Saudi royal court adviser said.

Ride-hailing firm Grab to get $2.5 billion as firms pump funds into SE Asia startups

SINGAPORE (Reuters) - Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies Inc [UBER.UL] and expanding into financial services, in the latest injection of funds into Southeast Asia's burgeoning tech scene.

VEON board elects former Xerox CEO Ursula Burns as chairman

FRANKFURT (Reuters) - Global telecoms operator VEON has elected former Xerox Corp chief Ursula Burns as its chairman, the company said on Monday, part of corporate governance reforms that are designed to showcase its makeover as an online services player.

Telecom Italia CEO says Vivendi plan to appoint new executive triggered clashes

MILAN (Reuters) - One of the reasons Telecom Italia's (TIM) CEO Flavio Cattaneo fell out with the phone group's top shareholder Vivendi was the French company's plan to appoint a managing director at his side, daily La Repubblica said on Monday.

Malaysia's CIMB to partner Alipay for mobile payment platform

KUALA LUMPUR (Reuters) - CIMB Group Holdings Bhd, Malaysia's second-biggest bank, on Monday said its subsidiary will form an equity joint venture with Ant Financial Services Group, the parent of Alipay, to provide mobile wallet and related financial services.

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.

Toyota eyes mass EV output in China as early as 2019: report

TOKYO (Reuters) - Toyota Motor Corp is likely to begin mass production of electric vehicles (EVs) in China as early as 2019, the Asahi daily reported on Saturday.

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