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Alibaba says to lower entry barriers after record antitrust fine, shares rally

Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China's regulators, after an anti-trust probe found the firm had abused its dominant market position. ....

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IBM to name infrastructure services business 'Kyndryl' after spinoff

International Business Machines Corp said on Monday its managed infrastructure services business would be called "Kyndryl" after a planned spinoff into a public company later this year. ....

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White House to zero in on chip shortage in meeting with company officials

By Reuters Staff
3 Min Read
WASHINGTON (Reuters) - Senior White House officials will meet on Monday with top executives from nearly 20 major companies to discuss a global semiconductor shortage that has roiled the automotive industry and technology firms.
FILE PHOTO: U.S. President Joe Biden delivers holds a semiconductor chip as he speaks prior to signing an executive order, aimed at addressing a global semiconductor chip shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. REUTERS/Jonathan Ernst/File Photo
The White House meeting is billed as the “CEO Summit on Semiconductor and Supply Chain Resilience” and will include White House national security adviser Jake Sullivan and National Economic Council Director Brian Deese. ....

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Huawei to reduce reliance on advanced process techniques

By Reuters Staff
2 Min Read
FILE PHOTO: A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. REUTERS/Gonzalo Fuentes
SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it said on Monday, citing U.S. sanctions that have reduced its access to high-end semiconductors.
Huawei’s rotating chairman, Eric Xu, also said the company has “no expectation” of being removed from the U.S. Entity List, which has been used to limit the flow of U.S. technology and products to Huawei and others, under the administration of U.S. President Joe Biden. ....

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Silicon Valley self-driving startup Gatik works with Isuzu to build delivery trucks

3 Min Read
(Reuters) - Silicon Valley self-driving startup Gatik and Isuzu North America Corp on Tuesday said they will work together to build autonomous delivery trucks that Gatik will use to serve its retailer customers.
Gatik, which works with Walmart Inc in Arkansas and Louisiana and Loblaw Companies Ltd in Canada to deliver goods to stores from warehouses using autonomous trucks with safety drivers, has seen a boom in business as the pandemic has boosted sales at grocery stores.
“What I can share is our revenue is in the millions. So this is not a free service that we offer,” said co-founder and chief executive Gautam Narang. He said Gatik’s business model for now is to be a delivery service provider for retailers using self-driving technology rather than selling the technology to automakers. ....

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