Ideas were at the at the heart of why I started this blog. One of the first posts that I wrote there being a sweet spot in the complexity of products based on the ideas of Dan Greer. I wrote about the first online election fought by Howard Dean, which now looks like a precursor to the Obama and Trump presidential bids.
I articulated a belief I still have in the benefits of USB thumb drives as the Thumb Drive Gospel. The odd rant about IT, a reflection on the power of loose social networks, thoughts on internet freedom – an idea that that I have come back to touch on numerous times over the years as the online environment has changed.
Many of the ideas that I discussed came from books like Kim and Mauborgne’s Blue Ocean Strategy.
I was able to provide an insider perspective on Brad Garlinghouse’s infamous Peanut Butter-gate debacle. It says a lot about the lack of leadership that Garlinghouse didn’t get fired for what was a power play. Garlinghouse has gone on to become CEO of Ripple.
I built on initial thoughts by Stephen Davies on the intersection between online and public relations with a particular focus on definition to try and come up with unifying ideas.
Or why thought leadership is a less useful idea than demonstrating authority of a particular subject.
I touched on various retailing ideas including the massive expansion in private label products with grades of ‘premiumness’.
I’ve also spent a good deal of time thinking about the role of technology to separate us from the hoi polloi. But this was about active choice rather than an algorithmic filter bubble.
Russia Seized Millions of Dollars of Swiss Luxury Watches in Moscow – Russian customs service agents took millions of dollars of Audemars Piguet watches. Audemars Piguet had closed its boutique in Moscow. The Russians allege that Audemars Piguet was in breach of customs regulations. The reality is that its retaliation for Switzerland joining other countries in levying sanctions on Russia. In this respect its similar to the state-sanctioned theft of aircraft from Irish aircraft leasing companies. There are a few problems with these Audemars Piguet watches. The Russian market for Swiss watches in 2021, accounting for 260m Swiss francs (£212m) of shipments, according to the Federation of the Swiss Watch Industry; which puts the country in the top 20 acquirers of Swiss watches.
Audemars Piguet Offshore models are long sought after by watch collectors. The problem that Russia will have with the watches is the inability of them to be serviced. The company will have a record of the serial numbers involved and won’t service them when they come up for maintenance in a few years time. AP watches have a reputation for being great watches, but aren’t robust like say a Rolex in terms of their need to be serviced.
Russia seems to be pretty determined to have western sanctions on the country for a long time to come yet.
Geely questions future in Russia despite opening for China’s carmakers | Financial Times – Tu Le, managing director of Sino Auto Insights, noted that the Chinese carmakers are relatively inexperienced when it comes to maintaining a brand’s reputation in western markets. “They’ve never had to deal with these kinds of external pressures in how they were perceived by foreign consumers,” he said. “A lot of these companies, they’re going to have to do business in Europe, or they’re going to have to do business in the United States. If they seem too eager to fill that void [in Russia], I will bet you money it is going to have some backlash in those regions.”
Judy Asks: Are Europeans Ready to Pay the Price for Ukraine’s Sovereignty? – Carnegie Europe – Carnegie Endowment for International Peace – The grim truth is that many in the West would be ready to accept compromises over Ukraine’s sovereignty in order to stop the war. In countries neighboring Russia, there is a strong understanding that such compromises would seriously weaken our security, hence they are ready to pay a high price to avoid them. However, among Western experts and policymakers, assessments of the balance between different interests seem to vary. The thinking that some degree of accommodation of Russia’s interests might be needed to reach stability has not disappeared. This is a dangerous and misguided logic
Lanvin Group plans New York IPO in SPAC deal | Vogue Business – Lanvin Group, the fashion arm of Chinese conglomerate Fosun International which includes the French heritage label Lanvin, plans to list in New York in a SPAC deal, the second high-profile fashion firm to make the move since Ermenegildo Zegna late last year. Lanvin Group announced Tuesday it is combining with special-purpose acquisition company Primavera Capital Acquisition Corporation in a deal that values the group at $1.5 billion, according to an emailed statement. Lanvin Group expects to raise up to $544 million from the deal and from existing investors, and will use the funds to expand its portfolio, including future luxury acquisitions
A Chinese Nickel Market Mystery – WSJ – Market ructions amid war aren’t unusual. But the London Metal Exchange’s retroactive cancellation of nickel trades this month appears to be unprecedented. One question is whether the Hong Kong-owned exchange intervened to rescue a Chinese nickel tycoon. – the exchange is owned by the Hong Kong Stock Exchange
I went down a rabbit hole when investigating a post that I have in draft at the moment and discovered The Mattei Affair. I got to find out more about Eni – one of Europe’s oil supermajors. Even though I had worked in the oil industry at the start of my carrier I didn’t have a good understanding of the story of Enrico Mattei. Despite the great work done in documenting the industry though Daniel Yergin‘s book The Prize published in 1990. Yergin’s book was recognised as the defacto history of the industry back when I worked in the oil industry.
Francesco Rosi
Who would have thought that a film maker would have been able to make a film about a prosaic story like the life of an oil industry executive? Francesco Rosi managed to create something special with The Mattei Affair. Enrico Mattei was an extraordinary oil industry executive who helped Italy recover economically from the post-war period until his death in 1962 in a mysterious private plane crash. Rosi has a very distinctive story style mixing documentary footage with docu-drama, often performed by non-professional actors. In this respect The Mattei Affair mirrors Rosi’s 1961 film of Sicilian bandit Salvatore Giuliano.
The story line covers different aspects of Mattei’s career and then loops back to the aftermath of the plane crash providing an innovative form of non-linear storytelling.
Rose’s film production became part of the story itself. A journalist that Rosi had used to research The Mattei Affair himself disappeared which added to the mystery surrounding Enrico Mattei and the film. Rose’s search for the missing investigative journalist became part of the film itself.
So The Mattei Affair is a remarkable film for all sorts of reasons.
Mauro De Mauro
Mauro De Mauro was the journalist that Rosi had hired to dig into The Mattei Affair and try to find out what had happened. At the time De Mauro worked for L’Ora newspaper based in Palermo, Sicily. He disappeared in September 1970 and his body was never found.
Hard to find
De Mauro wasn’t the only hard to find aspect of The Mattei Affair. For a film that won the grand prize at the Cannes Film Festival it had been very hard to find, even in the world of YouTube. It had a limited screening in the US with just one screen showing the film in New York back in 1973. It doesn’t appear at film festivals as a retrospective.
The BBC apparently tried to licence it for broadcast in the mid-1990s and failed. Bootleg DVDs of the film occasionally surface, but its never been licensed and released on Blu-Ray or DVD, which is very strange indeed, given the remarkable nature of the film and story behind it.
The New York Times review of the film published on May 21, 1973 described the film as an ‘immensely honorable but unsuccessful film’, rather like the reviewer was trying to bury a film that they themselves were intrigued by and had enjoyed watching.
I found the film to be intriguing, enjoyable and beautifully shot. I was haunted by the story that I had seen on screen and am puzzled by the film’s lack of wider distribution – given the significant nature of the film in its own right.
Subaru Impreza 22B
Nothing brings home the inflationary world of cars at the moment like this review of the Subaru Impreza 22B STi. This was the first Impreza model to do well in rallying after the legacy, though much of this was down to the disqualification of Toyota’s Celica GT-4 cars that had been previously all-conquering. These cars were sold in Japan and made it outside on the grey market import scene over time, there were less than 500 of this particular model made. One of these Subaru cars with just the delivery mileage had been put in storage for over 20 years and sold for £295,000 in 2020.
This Subaru isn’t a bonkers road going version of the Ford RS200 or an Audi Sport Quattro of the mid-1980s. This nicely kept, but worn in version of the Impreza 22B STi is still worth more than £200,000. By comparison you can buy a 1987 vintage Toyota Celica GT-4 from Japan (so it will have been well looked after in comparison to the UK, with just 77,000 kilometres on the clock) for about 4.2 million yen or £26,000 plus import costs. You can find even better bargains if you are prepared to have up to 100,000km on the clock.
For that you are getting a similarly fast Japanese piece of Group A homologation rally history in a smaller package and prettier looking. And its a Toyota, which means the kind of reliability that Mercedes used to be famous for. And with the extra money you can buy yourself a 1980s vintage Porsche 911 SC or even an early 1990s Porsche 911 Carrera 4 coupé.
Open AI takes on e-sports
Open AI built a machine to do for e-sports for DeepMind did for Go. The Open AI team focused on Dota 2. More from a talk by the Computer History Museum here.
All of this is very impressive, but we are still a good distance from having a ‘general purpose AI’ that works across multiple disciplines. Once the system is trained on a particular model, it can’t then learn new skills or areas of expertise and apply the knowledge across areas. The models used in Open AI are deep reinforcement learning (or Deep RL in programmer lingo), all of which goes back to the neural network academic work done from the mid-1980s to the early 1990s. It was first applied to a backgammon game.
Interest in it amongst technologists is due to one book first written in 1998: Reinforcement Learning: An introduction. The point being is that ‘AI’ champions like Google and others, haven’t moved the science of artificial intelligence on any further, but are throwing more processing power at it instead.
Your Hit Parade
I came across this 1955 TV show that was syndicated around NBC TV and radio affiliate stations as black and white film. It was interesting to see the way primary programme sponsor Lucky Strike was integrated into the show. Secondary sponsor ‘Pin Curls’ got a very brief mention at the beginning of the show, in a ‘blink and you’d miss it’ kind of placement.
“readings of radio requests, sheet music sales, dance hall favorites and jukebox tabulations”
Your Hit Parade chart methodology
The use of the word tabulate to indicate how the hit parade chart was compiled, implying mechanical computing in the background. I don’t know whether a juke box could of determined the number of plays of each record at the time. Dance hall favourites sounds particularly nebulous. Finally radio plays wasn’t included in the chart mechanism, instead there was the vague ‘reading out of radio requests’.
By 1949, we know that there were steps taken to try and stamp out paid placement aka Payola, but music publishers didn’t engage with this process in a positive manner. When it eventually became a scandal the big music companies tried to tie payola to rock and roll music. Independent record companies or music publishers frequently used payola to promote rock and roll on American radio. The reason for these payments was to get around DJs own biases regarding ‘black sounding music’. Payola got put under a spotlight after a congressional investigation in 1958 and 59 that killed DJ Alan Freed’s career and saw Dick Clark transition to television.
Hino Motors is a car and truck manufacturer best known for its iconic Hino trucks. It started its convoluted origin story spinning out of manufacturing company owned by Tokyo Gas.
Before there was Hino trucks, there were a small amount of half tracks and armoured personnel carriers made for the Imperial Japanese Army. After the war Hino got into the truck business and for a brief while also made cars. The pretty Hino Contessa coupé showed potential, but becoming part of the Toyota group saw Hino focus on commercial vehicles under its own name.
Hino trucks with their winged logo marked my childhood in Ireland. Hino trucks pulled palleted loads on taunt liner trailers, shipping containers and flat bed trailers of hay. The supermarket delivery wagons, the bakers lorry, skip deliveries, ready mix and the dairy picking up milk from my Uncle’s farm were all using Hino trucks. The distinctive unblinking three green lights on the roof of oncoming Hino trucks stood out of the total darkness of rural Irish roads.
I had Robert ‘Pino’ Harris to thank for making Ireland the Hino trucks capital of Europe at the time. And his Hino trucks success story is one of a singular focus on relationships and customer service.
Adidas ousts China chief as sales suffer after consumer boycott over Xinjiang | Financial Times – Allison Malmsten, sportswear analyst at China-focused consultancy Daxue Consulting, said that since the boycott, Nike and Adidas have ceded their top position on ecommerce apps such as Alibaba’s Tmall. In their place, local online retailers have promoted Li-Ning and Anta, making the “competition a lot stiffer”.Jonathan Cummings, Asia-Pacific president of brand consultancy Landor and Fitch, said that after years of market dominance, Adidas and Nike were being challenged by “cheaper domestic brands that have become stronger”.Adidas generated nearly a quarter of its sales in the Greater China region in the first half of last year, the bulk of which came from mainland China. – it will be interesting to see where adidas will try to go in China and whether they feel it is worth riling western customers to arrest their decline in China
The rising costs of China’s friendship with Russia | Financial Times – When the Russian invasion of Ukraine started two weeks ago, Jane Yan, a senior executive at a machine parts maker in eastern China, says she was not too worried about the impact. After all, buyers in Russia and Ukraine accounted for less than 5 per cent of the company’s overseas sales last year. But as the full ferocity of the Russian onslaught started to become apparent, the outlook shifted dramatically. Important clients in countries such as Poland and Germany cancelled orders with the Zhejiang-based company. “A Munich-based client said ‘it feels terribly wrong to send money to a country that is tolerating war in Ukraine — sorry’,” said Yan, who asked that her employer not be identified. She added that inquiries from European buyers have also fallen sharply since the conflict started. “I hope the war ends as soon as possible.” – I wonder how prevalent this consumer boycott actually is of Chinese products?
Culture
Why disco will never truly die — Quartz – interesting, but full of American privilege, but no love for producers like Giorgio Moroder, Luxxury, Dimitri from Paris, Late Night Tuff Guy or The Reflex
Ideas
How factory robots lead to human deaths – Futurity – “For decades, manufacturers in the United States have turned to automation to remain competitive in a global marketplace, but this technological innovation has reduced the number of quality jobs available to adults without a college degree—a group that has faced increased mortality in recent years,” says lead author Rourke O’Brien, assistant professor of sociology at Yale University.
“Our analysis shows that automation exacts a toll on the health of individuals both directly—by reducing employment, wages, and access to healthcare—as well as indirectly, by reducing the economic vitality of the broader community.”
Since 1980, mortality rates in the United States have diverged from those in other high-income countries. Today, Americans on average die three years sooner than their counterparts in other wealthy nations.
EACH NEW ROBOT PER 1,000 WORKERS LED TO ABOUT 8 ADDITIONAL DEATHS PER 100,000 MALES AGED 45 TO 54 AND NEARLY 4 ADDITIONAL DEATHS PER 100,000 FEMALES IN THE SAME AGE GROUP. Automation is a major source of the decline of US manufacturing jobs along with other factors, including competition with manufacturers in countries with lower labor costs, such as China and Mexico.
Previous research has shown that the adoption of industrial robots caused the loss of an estimated 420,000 to 750,000 jobs during the 1990s and 2000s, the majority of which were in manufacturing.
Can Intel out-design Apple in terms of chips? I think that is certainly possible, possibly even extremely likely
Can Intel compete with Apple on process? Possibly soon, if they managed to partner with Samsung or TSMC. Certainly in the longer term if Intel’s process engineers get their mojo back, or they continue to partner with TSMC or Samsung
Roundtable: A Brutally Honest Conversation on the Metaverse – Web 2.0 Is about the individual/the corporation, and Web 3.0 is about the collectivist statement, or the community / collectivist environment, in some ways. – interesting that there is a whole piece missing about web 1.0 being about personal and organisation publishing and communications. Web 2.0 being a web of data and creativity
3G graduation sees DoCoMo celebrating 3G wireless services and how they fitted into consumers lives. While DoCoMo has its service running for another couple of years, rival Au has shut down its 3G network this year. The ‘Graduation’ in 3G graduation is used in a similar way to how US technology companies use ‘sunset’ as a euphemism for shutting down a service.
In sectors outside technology like the 3G graduation film, the term graduation is signify an artist leaving an idol group. Japanese Idol groups like AKB48 and Morning Musume mirror the interchangeable team nature of Puerto Rican boy bandma Menudo. Like Japanese idol groups, Menudo appeared in adverts for big brands like Pepsi and McDonalds across Latin and South America (including Portuguese speaking Brazil). They even appeared in a Pepsi ad that ran in the Philippines. They also did two TV specials. Japanese idol groups contain pop stars with the following characteristics:
a type of entertainer marketed for image, attractiveness, and personality in Japanese pop culture. Idols are primarily singers with training in acting, dancing, and modeling. Idols are commercialized through merchandise and endorsements by talent agencies, while maintaining a parasocial relationship with a financially loyal consumer fan base.
When members leave the group due to contract violations, ageing out, or wanting to build a career of their own, they ‘graduate’. Like the 3G graduation film idols share an association with school imagery.
https://youtu.be/dKxjw3YntBk
Kit-Kat anime advert
Nestlé Kit-Kats are popular in Japan. They are especially popular during exam time. The reason for this is that the Japanese pronunciation of KitKat, “Kitto Katto,” sounds similar to the phrase “Kitto katsu,” which means “I believe you will win/you can do it.” The homophone nature of Kitto Katto meant that Kit-Kats became a good luck charm, with people having them or giving them as gifts for big days such as school entrance exams or even job interviews.
This explains why this anime advert directed by Naoko Yamada is around the theme of “Kikkake wa Kit Kat de,” or “Kit-Kat Creates the Chance,” and has a school related setting.
This is apparently the first of what promises to be a series of adverts being done by Yamada for Kit-Kat.
Modern car mechanical design
For someone who hasn’t bought a car in 25 years, hearing about how unreliable BMWS and Mercedes cars have become is a bit of a shock. I have driven hire cars and am aware that cars are now heavily reliant on computers. What I hadn’t realised was how cheap mechanical parts had become under the hood. The reason why they had been engineered down to a price, was to allow for the price of all the new electronics that make up the car driving experience now.
I started my work life off in a corporate research lab were we were developing a way of making a plastic manifold cover for a small Ford of Europe engine. This engine was destined for the Ford Fiesta and the first Ka if we had managed to get everything to work. The idea was that the engine would be a sealed unit. When it needed to be replaced it would undergo a factory recondition, or would be recycled. This was about reducing environmental impact, without impacting profits. But looking at some of the parts going into these cars now, I am shocked.
More in this video here.
Amazon luxury watch copies
Amazon is a den of iniquity in terms of shoddy products and fakes. German watch YouTuber shows the variety of watches that steal the design language of watches from the likes of:
Nomos
TAG Heuer
Breitling
Rolex
Audemars Piguet
Patek Philippe
All of these come in at about $100 price. It is interesting how the Chinese factories turning these watches out have managed to get their way around the brand police. Finally, I am surprised to see Chinese manufacturers relying on a cheap, but reliable Seiko movement for the most part. Which is probably down to the weird deficiencies in Chinese engineering that means that you don’t see Chinese made rollerball pen refills.
The amazing design of the jerry can
Great video by a Scottish YouTuber who covers why the jerry can was such a clever product design and the history of the fuel container. I did not realise that they were tested in the Spanish civil war. More here.
NFTs and Ralph Bakshi’s animated adaptation of The Lord of The Rings
The problems with NFTs. NFTs sprung out of the move to decentralised finance or cryptocurrency. NFT are smart contract linked artefacts. These were seen as a panacea for creatives to make money during COVID. This video is an interesting discussion on NFTs, and uses the analogy of investors buying real estate that drove the 2008 mortgage crisis. The crypto-economy has many of the same drivers.
The guy who made this video also did a really good exhaustive history of Ralph Bakshi‘s The Lord of The Rings film that preceded Peter Jackson’s The Lord of the Rings trilogy by a couple of decades, and the BBC’s radio adaptation by a few years. I am a fan of all three, but am in no doubt that Peter Jackson’s film in some places is a shot-for-shot copy of Bakshi’s film and borrows dialogue from both Bakshi and the BBC.
Sony and Honda reveal plans to jointly make and sell electric vehicles | TechCrunch – this might also explain why Sony’s ‘concept’ car seemed to have a lot of money put into it, to make it look like a finished product a couple of years ago. Sony and Honda’s EV venture is a lesson for corporate Japan | Financial Times – the FT makes a number of good points about the relatively junior role that Honda is taking in the endeavour and that Sony making a decision to go independent indicates that consolidation of vendors in the electrical vehicle space is far off. I expect that the Sony and Honda deal in this respect is partly the pressures driven by the amount of ‘dumb capital’ chasing electric and automotive vehicles.
Sony and Honda likely see their deal as an antidote to that pressure. There were also fair comments made about relative software expertise between Sony and Honda, however I would argue that there is still a need for stable underpinnings of the software from the likes of QNX. But in the critique of the previous motor industry partnerships isn’t fair. For instance, Yamaha has a long history of taking concepts and designs to Toyota for them to build them. The most iconic of which was the Toyota 2000GT. So in many respects Sony and Honda are working on similar heritage to others.
It is interesting that we haven’t seen a similar pairing to Sony and Honda between Samsung and Renault, given their Korean car assembly joint venture. It is also interesting that Apple has failed to secure a similar partnership to Sony and Honda in its car efforts so far.
China’s Two Traps by Keun Lee – Project Syndicate – China’s economic slowdown suggests, the next phase of its development is rife with challenges. The country risks being ensnared by two traps: the “middle-income trap” (the tendency of fast-growing developing economies to lose momentum once they reach middle-income status) and the Thucydides Trap (when tensions between an insecure incumbent hegemon and a rising power lead to conflict)
Why are Chinese students so keen on the UK? – BBC News – The initial attraction of Glasgow – as well as its solid academic reputation – to many was how the Victorian university buildings looked on the brochures, rather like Hogwarts from the Harry Potter films
How China’s Ambitious Belt and Road Plans for East Africa Came Apart – The Diplomat – Chinese actors typically approach BRI deals with two contradictory assumptions: First, the political leadership with whom they are dealing is either too weak or too venal to challenge contract terms that decidedly favor China; and, second, these same leaders will be strong enough to fend off resistance to ambitious infrastructure projects by opposition politicians and civil society groups while also mobilizing the financial resources necessary to sustain expensive, long term projects. – they expect the kind of smooth running process that they would have in China, but not surprisingly don’t get it
Chinese lenders squeeze African borrowers even harder | Financial Times – Chinese lenders are imposing even more stringent collateral requirements on low-income country borrowers than previously known as they seek to hedge risks from their extensive overseas development finance programme. Under a $200mn loan from China Eximbank for the expansion and modernisation of Entebbe airport, the Ugandan government is required to channel all revenue from the country’s only international airport into an escrow account, according to the contract obtained by AidData, a US-based research lab. The document highlights a long-running controversy over the loan to Uganda’s government, which damaged its relationship with the bank. And more here: China cobalt mine deal was ‘injustice’: my country did not get anything, ex-DRC leader says | South China Morning Post
Hong Kong
Chinese fitness app Keep files for Hong Kong IPO · TechNode – interesting that this is going ahead given the kind of data that Keep would have. One only needs to look at the opsec failures that Strava revealed of American forces in the Middle East and Afghanistan
The war in Ukraine is going to change geopolitics profoundly | The Economist – Japan, Singapore, South Korea and Taiwan joined in sanctions against Russia, as did Australia. The change of mood in Japan has been particularly striking. Over the past decades it has tirelessly wooed Russia, in part to counterbalance China but also in the hope of settling the problem of four northern islands seized by the Soviet Union. Abe Shinzo, the former prime minister, met Mr Putin 27 times, including a trip to an onsen bathhouse. Now, under Kishida Fumio, Japan has frozen the share of Russia’s central bank reserves held in the country and is urging fence-sitters to take a clearer stance against its former pal. The end of the cold war was never going to usher in perpetual peace. But the Ukraine crisis is giving new form to the possibilities for future conflict and ways in which it may be averted. It is raising the previously outré possibility of territory being stripped from a developed country by force. By bringing Russia and China closer together, it is putting a new burden on the system of American alliances that partially encircles them. It has started consolidating Europe’s belief in itself and its ideals, and may increase its willingness to fight for them; it may also be seeing Germany and Japan, a lifetime after their defeat in the second world war, taking on new martial roles – the military rise of Japan will be worrying for China
Ukraine conflict risks uncontrollable escalation of cyberwarfare – Nikkei Asia – When and if Russia, or some other advanced-hacking state, pulls these tricks against a better-prepared adversary, resulting in a tit-for-tat escalation that could quickly spin out of control. Given the historical weakness of digital security in much of the U.S.’s civilian infrastructure, notably the electric utilities and grid, we can imagine a situation in which Russia or China, or some other entity causes not just inconvenience but casualties, including deaths. What would the U.S. do then? If Russia took down electricity from Boston to Washington, New York to Chicago, the American people would get very, very angry. What would an American government do next? The U.S. has said, with strategic vagueness, that an attack on critical infrastructure, including digital infrastructure, could ultimately trigger a military response. Then what? In 1962, futurist Herman Kahn published “Thinking the Unthinkable,” pondering nuclear-war scenarios in ways that few of the people who had control over those civilization-killing weapons had ever considered. No one wanted to prevent nuclear war more than Kahn, in part because he understood what it would mean. We do not believe that nearly enough thinking about cyber-unthinkables is taking place today, nor the escalation scenarios that would bring them on.
Chinese telecoms giant Huawei has been helping Putin’s efforts to stabilise Russia’s internet | Daily Mail Online – Huawei, which reportedly has five research centres in Russia, is said to have ‘rushed to Russia’s aid’ to support its internet network in the face of the attacks. A report, which appeared on a Chinese news site but was later deleted, claimed that Huawei would use its research centres to train ‘50,000 technical experts in Russia’. – The Mail on Sunday is now covering the kind of stories that previously only featured on the English language pages of late lamented Apple Daily Online published out of Hong Kong.
Arm China CEO asserts semiconductor joint venture’s right to pursue an IPO independent from its SoftBank-owned British parent | South China Morning Post – “Arm has written to Chinese authorities that Arm China won’t survive without [the British firm’s] support,” Wu said. He indicated, however, that Arm China has already developed the capability to continue its operations separately from Arm in the UK. The stand taken by Wu in Arm China forms part of a larger effort by the country’s semiconductor industry to overcome US trade sanctions and build a world-class chip supply chain. The dispute with Arm has not slowed down its Chinese joint venture’s business under Wu. Last year, Arm China generated US$700 million in total revenue, including intellectual property licensing and royalty fees. Arm’s share in its China venture was about US$500 million last year, according to Wu. “Arm can’t afford to lose its share of revenue from the Chinese market,” Wu said. He indicated that the Chinese joint venture has hit all its goals – including revenue, net profit, and research and development spending – which were set five years ago. Wu said Arm China’s biggest contribution to the Chinese chip design industry was to open the company’s source codes to domestic customers, “giving them freedom to develop their chips and raise their capabilities to a global level”. He also said he was displeased by Arm’s decision in May 2019 to cease business with Huawei Technologies Co, following Washington’s decision to add the Shenzhen-based telecommunications equipment maker to the US trade blacklist. – I suspect Mr Wu is working on behalf of the Chinese government in ‘war by other means’
