Samsung India cuts jobs in consumer electronics business

Samsung India trims workforce in consumer electronics business (Photo: Samsung)

New Delhi, IANS): Samsung India has reportedly laid off their executives across its television and home appliance businesses as part of a cost-rationalisation exercise amid rising operating costs, muted consumer demand and organisational restructuring, as per multiple reports.

Reports suggest that the workforce reduction affects employees across various levels, including directors, team leaders, branch managers and area managers.

The layoffs are being carried out in phases with termination letters issued over the past few days, according to them.

Some employees have reportedly been asked to leave immediately without serving their notice period.

When contacted, Samsung declined to comment regarding such reports.

In addition, Samsung is offering affected employees a severance package comprising three months' salary along with an additional month's salary for every completed year of service.

The move comes as consumer electronics companies grapple with softer demand and rising costs.

Moreover, factors such as higher memory chip prices, elevated raw material costs and depreciation of the Indian rupee have added to operating expenses, as per reports.

Additionally, smartphone shipments in India have declined by about 12 per cent year-on-year.

Similarly, some industry experts expect that the Indian smartphone market to decline by around 13 per cent year-on-year in 2026 with the second half likely to perform better than the first half as festive demand provides some support.

Samsung had also planned to integrate its television and home appliance sales teams, although the move has reportedly been deferred until the December quarter, say reports.

Despite the restructuring, Samsung India reported revenue of over Rs 1.1 lakh crore and net profit of Rs 11,287 crore in FY25.Separately, a report noted that global foldable smartphone shipments are expected to cross 100 million cumulative units by the end of 2026 which is a major milestone for the category in its eighth year since the first commercially available foldable was launched. Samsung India cuts jobs in consumer electronics business | MorungExpress | morungexpress.com

Read More........ → September 14, 2026

Huawei and HP Inc. sign landmark patent cross-licensing agreement

Press Release

Posted by Harry Baldock: Today, Huawei and HP Inc. announced the signing of a multiyear global patent cross-licensing agreement, including license to HP Inc. for certain Huawei WiFi patents. This milestone agreement not only reflects the companies’ cooperation in the field of intellectual property licensing but also recognizes Huawei’s innovation capabilities and core technological strength as well as HP’s position as a global leader in computers and peripheral equipment.

Alan Fan, Huawei’s Chief Intellectual Property Officer, stated, “Huawei is pleased to reach this patent cross-licensing agreement with HP Inc. This agreement is a strong testament to Huawei’s persistent independent innovation in cutting-edge fields in Information and Communications Technology (ICT). Through patent licensing, Huawei shares its innovation with the industry, particularly in the area of standardized technologies, which brings leading technological experiences to consumers worldwide.”

Steven Geiszler, who represented Huawei in the negotiations, stated: “This is another successful licensing of Huawei patents, particularly in the area of standardized Wi-Fi technologies—while obtaining valuable reciprocal patent rights from HP Inc. I appreciate the professionalism and courteousness shown by HP’s negotiation team during this project.”

“This is a standard-essential patent license covering Wi‑Fi technology – something used broadly across the industry and routine for companies whose products connect to Wi‑Fi. It is not new, does not represent a broader strategic or commercial relationship, partnership, or collaboration with Huawei,” said HP in an emailed statement.

Wi-Fi has become one of the most widely used wireless technologies in the world, connecting homes, schools, hospitals, offices and public spaces. Each generation of the standard is developed openly, drawing on technical contributions from companies across the industry, and is then made broadly available to implementers.

Although lacking the speed and throughput of newer generations, Wi-Fi 4 and 5 are still widely used, providing reliable networking for less demanding applications.

High speed, large capacity and lower energy consumption enable Wi-Fi 6 to deliver multiple high-definition video streaming, gaming and AR/VR services alongside legacy broadband and IoT devices such as laptops, refrigerators, cameras, doorbells, thermostats, and lightbulbs—all with a single wireless router.

Wi-Fi 7, building on Wi-Fi 6, delivers higher throughput, lower latency, and more reliable Wi-Fi connectivity. These enhancements enable an exceptionally smooth experience for 8K video, gaming, AR/VR, remote work, online video conferencing, and cloud computing.Together, these advances and applications have made reliable wireless connectivity part of the basic infrastructure of everyday life — supporting remote healthcare, digital education, and more energy-efficient homes and workplaces. Huawei has played a significant role in contributing to the development of Wi-Fi technologies over successive generations and makes the resulting technologies available publicly, so that innovation created in one place can benefit users everywhere. Huawei and HP Inc. sign landmark patent cross-licensing agreement - Total Telecom

Read More........ → September 10, 2026

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures

Mumbai, (IANS): German car manufacturer Volkswagen has announced to cut 1 lakh jobs by the end of the decade in a sweeping cost‑cutting plan, marking the largest restructuring in the global auto industry.

The German carmaker announced a further reduction of about 50,000 positions on top of nearly 50,000 job cuts already agreed, amounting to about 15 per cent of the group’s workforce.

The company decided to halve the number of car models the Volkswagen group produces, which includes the Bentley and Audi brands, and considers to shut down four production plants in Germany within the next eight years.

“Given intensifying global competition, shifting demand and technological change in the automotive industry, a consistent alignment of workforce capacity with economic reality is essential,” the Volkswagen Group said in a statement.

Volkswagen employs over 6.5 lakh people across brands including Skoda, Seat, Porsche, Cupra and Lamborghini.

The group plans to streamline its model portfolio by around 50 percent and reduce its offering complexity by around 75 percent by 2035.

“The prioritised models aim to excel in design and technology – and benefit from the focus on fewer variants: Higher volumes per model, lower costs, stronger economies of scale,” the statement said.

The Volkswagen Group is systematically tailoring its platforms, electronic architectures, driver assistance systems and software to the needs of both the Western and Eastern hemisphere, it added.

In North America, the Volkswagen Group will focus on the most profitable segments. In China, the Group is adapting to revised expectations for overall growth in the Chinese automotive market and is expanding its export business toward the “Global South,” the statement added.

The company said that portfolio of shareholdings and businesses will be rigorously assessed and streamlined by around one-third to retain only those with a clear strategic and financial contribution to the core business.

“Non-strategic activities will be divested or realigned. The real estate portfolio will also be reviewed. The goal is to have a leaner structure and more effective use of capital,” the company said. Volkswagen to cut at least 1 lakh jobs by 2030 in cost cutting measures | MorungExpress | morungexpress.com

Read More........ → September 03, 2026

Hyundai Motor to expand global production capacity, launch over 100 models by 2030

Hyundai Motor to expand global production capacity, launch over 100 models by 2030 (Photo: Yonhap)

Seoul, (IANS): Hyundai Motor said on Wednesday it plans to expand its overall production capacity by 1.27 million units by 2030 while rolling out more than 100 new and updated models to strengthen its presence in the global market.

Hyundai Motor CEO Jose Munoz outlined the plans at its CEO Investor Day event in Seoul as it seeks to bolster its competitiveness amid intensifying competition, particularly from Chinese rivals.

The South Korean automaker said it plans to introduce scores of brand-new or updated models within the decade, including facelifts, partial redesigns and other variants, with 18 all-new models included in the lineup, reports Yonhap news agency.

The company plans to launch the Genesis GV80 hybrid in South Korea and the United States later this year, followed by an extended-range electric vehicle (EREV) in the first half of 2027.

The Tucson SUV, one of Hyundai Motor's bestselling models, and its hybrid variants are also scheduled for launch in the second half of this year.

To support its expanded lineup and sales targets, Hyundai Motor plans to significantly increase its global production capacity by 2030, up from about 5 million vehicles at present.

The goal includes 500,000 units in North America, 320,000 in India, 200,000 in South Korea and 250,000 through completely knocked-down (CKD) production.

The company maintained its previously announced sales targets, including global sales of 5.55 million vehicles by 2030 and raising the share of electrified vehicles to 60 percent of total global sales by the same year.

Hyundai Motor also raised its 2030 operating margin target to above 9 percent from the previously projected range of 8-9 percent.

It maintained its 2026 margin guidance at 6.3-7.3 percent despite a challenging business environment marked by U.S. tariffs, geopolitical tensions in the Middle East and intensifying competition with Chinese rivals.

Munoz identified hybrids as "the biggest opportunity" in the U.S. market, as the company aims to cut raw material costs for hybrid vehicles by 20 percent by 2030.In North America, Hyundai Motor plans to launch 10 new hybrid electric vehicle (HEV) models by 2030, led by the GV80 hybrid, and raise hybrids to 50 percent of its sales in the region. Hyundai Motor to expand global production capacity, launch over 100 models by 2030 | MorungExpress | morungexpress.com

Read More........ → August 28, 2026

UKAEA, Eni create joint venture for fusion fuel cycle

RH3OVA team, from left to right: Giorgio Ricci Maccarini (CEO), Sophie Davies (CCO), Donald Cockburn (CFO), Iryna Bennett (CTO) (Image: UKAEA)

The United Kingdom Atomic Energy Authority and Italian multinational energy company Eni SpA have formed a joint venture to deliver specialist consultancy and operational services to the growing global fusion industry.

The joint venture - named RH3OVA and incorporated in the UK - offers end-to-end services across the fuel lifecycle, from early-stage feasibility studies to deployment and operational support.

Deuterium and tritium are fuels commonly used in fusion energy. Deuterium is abundant in nature and extractable from seawater. In contrast, tritium is extremely rare. It is therefore essential to ensure careful and efficient management throughout the entire fuel cycle, from tritium's production and use in energy generation to its recovery from exhaust gases and refinement for re-use.

"Having operated the Joint European Torus, which was the world's most powerful deuterium-tritium fusion machine for more than 40 years, and with 30 years' experience of tritium operations, the UK is a leader in tritium fuel cycle technology," said Stephen Wheeler, Executive Director of Tritium Fuel Cycle at UKAEA. "For fusion to be realised as a commercially viable source of energy, however, this expertise must be scaled beyond the lab.

"RH3OVA offers best in class digital process models validated with real-world, fusion relevant data sets. RH3OVA will combine UKAEA's scientific and operational know-how, with Eni's large-scale industrial capability, and leverage this joint expertise to increase knowledge and understanding across the fusion sector."

Lorenzo Fiorillo, Director Technology, R&D & Digital of Eni, added: "Fusion energy has the potential to redefine the global energy landscape, and at Eni we are committed on multiple fronts to turning this potential into tangible industrial progress. Our partnership with UKAEA is of great strategic value to us and represents a further step in scaling up innovation and translating scientific excellence into real-world solutions.

"Today, with UKAEA, we are continuing our joint commitment for further progress in the fusion energy field, with a particular focus on the fuel cycle for fusion. This builds on our collaboration developing the UKAEA-Eni H3AT Tritium Loop Facility started last year which will be a world-class facility of its kind. At the same time, RH3OVA will respond to the growing demand for specialised technical expertise and integrated engineering services dedicated to the fuel cycle, which will be essential enabling factors for the operation of fusion power plants using deuterium and tritium as fuels."

UKAEA said RH3OVA "strengthens the strategic collaboration between Eni and UKAEA and their joint effort to commercialise fusion energy".In March 2025, UKAEA and Eni entered into a collaboration agreement to jointly conduct research and development activities in the field of fusion energy. The collaboration primarily starts with the construction of the world's largest and most advanced tritium fuel cycle facility. The UKAEA-Eni H3AT Tritium Loop Facility, located at Culham Campus in Oxfordshire, England, will be complete in 2028. It is designed to serve as a world-class facility providing industry and academia with the opportunity to study how to process, store and recycle tritium. UKAEA, Eni create joint venture for fusion fuel cycle

Read More........ → August 17, 2026

SK Group to invest $1.36 trillion in AI chips and data centres

The South Korean giant is betting heavily on both chip production and data centre growth

South Korean conglomerate SK Group has announced a massive 2,100 trillion won ($1.36 trillion) investment roadmap targeted at domestic semiconductor manufacturing and AI data centre deployments.

The strategic push focuses heavily on securing upstream supply chain dominance and scaling computing infrastructure to reposition South Korea on the global AI stage.

“We should not simply export AI products. We need to export intelligence itself while building a domestic market for AI-driven intelligence,” said SK Group’s chairman Chey Tae-won, as reported by Yonhap News Agency.. “To achieve that, we will rapidly build AI factories in the form of large-scale AI data centers.”

SK Hynix plots memory chip production expansion

The group’s semiconductor division, SK Hynix, is spearheading the hardware allocation by committing 1,100 trillion won ($706 billion) to scale production capacity for High-Bandwidth Memory (HBM) and next-generation DRAM and NAND flash components critical for AI workloads.

Key capital projects within the chip investment include:

• Cheongju: 100 trillion won ($65 billion) allocated for site expansion.
• Southwest Cluster: 400 trillion won ($261 billion) earmarked to construct an entirely new semiconductor production hub.
• Yongin Mega-Cluster: 600 trillion won ($392 billion USD) dedicated to fast-tracking the deployment of its primary semiconductor hub. The group has pulled forward the completion timeline for this project to 2033, moving it 12 years ahead of its original 2045 deadline.

The broader long-term vision outlines a sustained capital expenditure of approximately 100 trillion won ($65.3 billion) annually in South Korea over the next decade, according to Chairman Chey.

SK Telecom pivots to GPUaaS and regional infrastructure

In tandem, telecom unit SK Telecom will deploy 1,000 trillion won ($642 billion) to build out physical AI data centres. The operator intends to establish 15 GW of AI data centre capacity across South Korea by 2035, with an interim target of 5 GW operational by 2029.

The initial phase involves a 140 trillion won ($91.5 billion) investment targeting the southeastern Yeongnam region to create a localised AI hub. This rollout begins with a 100MW hyperscale AI data centre in Ulsan, scheduled to begin operations in Q4 2027. SKT plans to expand this site by an additional 900MW, alongside another 1GW deployment elsewhere in the region.

“The massive AI data centers could transform the region into a hub for the verification and expansion of manufacturing AI, when combined with the manufacturing capabilities in the region,” SK Telecom’s CEO Jung Jai-hun announced during a public briefing with South Korean president Lee Jae Myung last week.

SK Group’s multi-year investment plans arrive amid unprecedented infrastructure spend across the global technology landscape; US hyperscalers, including Microsoft, Alphabet, Amazon, Meta, and Oracle, are forecast to spend a combined $600 billion to $750 billion USD in 2026 alone. While SK Group’s investments pale in comparison to these true giants, it nonetheless places the organisation firmly as a regional competitor.

For a telco, on the other hand, the scale of these AI investments is broadly unrivalled. SK Telecom has long signalled its intent to shake off its role as a traditional telco and embracing a new persona as an ‘AI factory’. Backed by architectural alignment with NVIDIA, the operator aims to leverage this massive footprint to position itself as a major GPU-as-a-Service (GPUaaS) provider in the Asia-Pacific region.

SK Group has interntional AI ambitions too. Last month, SK Telecom said it would invest 738 billion won ($480 million) into the newly formed ‘AI Co.’, a US-based subsidiary of memory giant SK Hynix created in January by repurposing its US flash memory firm Solidigm. The business, which is intended to operate as a strategic investment and ecosystem vehicle, is backd $10 billion from SK Hynix and a further $250 million and $380 million from SK Inc. and SK Innovation, respectively. By unifying upstream chip manufacturing via SK Hynix with mega-scale data center infrastructure from SK Telecom, SK Group is establishing a strong foundation for global AI development. This multi-trillion-won capital strategy effectively shifts the conglomerate from a regional component supplier into a high-margin, full-stack intelligence powerhouse capable of reshaping the Asia-Pacific tech landscape. SK Group to invest $1.36 trillion in AI chips and data centres

Read More........ → August 10, 2026

Telstra and Ericsson team up to target 6G

Posted by Harry Baldock | News: The agreement spans various aspects of 6G research, including trips to both parties’ research centres

Telstra and Ericsson have signed a letter of intent to collaborate on 6G research.

The agreement will see the companies collaborate on the research, standards development, and real-world testing of 6G technology,

It also includes mutual site visitations, with Telstra engineers visiting Ericsson’s testbed in Sweden, and Ericsson staff travelling to Telstra’s Innovation Centre on the Gold Coast.

Further details on the partnership were sparse, but both partners emphasised the role AI had to play in making 6G networks more intelligent and more customisable for customers. This feature is, in fact, a key element of Telstra’s Connected Future 30 strategy, which aims to allow customers to purchase configurable connectivity services at individual prices.

“Mobile connectivity has been one of the most powerful economic engines of modern Australia. As the first G which is AI-native, 6G will be the most intelligent network yet – capable of advanced network connectivity, and new Network as a Product innovations such as the ability to sense the environment around the network. The latter opens the potential for new use cases for public safety, agriculture, weather detection and more,” said Shailin Sehgal, Telstra Group Executive of Global Networks & Technology.

“We are on a clear and exciting trajectory – from 5G Standalone today, to AI-powered 5G and autonomous networks, towards AI-native 6G that is meeting the evolving and future business needs,” added Erik Ekudden, Ericsson Chief Technology Officer. “6G will redefine what a network fundamentally is – not just an AI-native technology platform, but a platform that senses, adapts and orchestrates resources to deliver outcomes for enterprises and society at scale; simply an intelligent fabric.”

This type of partnership is largely to be expected, with Ericsson having been Telstra’s primary RAN partner for many years. The companies made similar agreements during the early days of the 5G era, though these were often based around delivering greater speeds.Today, Ericsson and Telstra’s focus has increasingly shifted away from pure speeds and towards the benefits of AI integration and network optimisation. It seems likely that their initial joint research on 6G will follow that same path. Telstra and Ericsson team up to target 6G - Total Telecom

Read More........ → July 28, 2026

Airtel and partners pump $1bn into Nxtra data centres

The transaction is designed to accelerate Nxtra’s buildout of large-scale and edge facilities to serve enterprises, hyperscalers, and government customers across India.

Bharti Airtel has secured a $1 billion equity infusion for its data centre arm Nxtra Data from a consortium led by Alpha Wave Global, with participation from The Carlyle Group, Anchorage Capital and Airtel itself, the company said.

Under the terms disclosed, Alpha Wave Global will contribute $435 million, Carlyle $240 million, Anchorage Capital $35 million, with Airtel investing the remainder. Final investor stakes will be subject to post-closing adjustments and customary approvals.

According to reporting, the deal will see Nxtra valued at roughly $3.1 billion, with Airtel remaining the controlling shareholder.

The capital will be applied primarily to capacity expansion, with Nxtra planning to grow from about 300 MW today to a targeted 1 GW, aiming t control roughly a quarter of India’s data centre market.

Headquartered in New Delhi, Nxtra already operates 14 major data centres and more than 120 edge facilities across India, with recent openings in Pune and active development of AI-ready campuses in Chennai, Mumbai, and Kolkata.As always, the deal is subject to typical regulatory approvals. Airtel and partners pump $1bn into Nxtra data centres - Total Telecom:

Read More........ → July 15, 2026

Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment

Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment. (IANS File Photo)

New Delhi, July 8 (IANS): Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.

Speaking at the company's 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the automaker aims to achieve a tenfold increase in passenger vehicle volumes over the decade from FY20 to FY30.

"Looking ahead in the next five years, the company has a big ambition. Basically, the decade between FY20 and FY30, the company wants to achieve a 10x growth in volumes with an ambition of 1.2 million plus vehicles and achieve a market share of 20 per cent from the current 14.2 per cent," Chandrasekaran said.

The company plans to strengthen its product portfolio with six new nameplates and more than 20 product refreshes over the next five years, while focusing on improving profitability. It is targeting double-digit EBITDA margins, with electric vehicles expected to contribute more than 30 per cent of its passenger vehicle sales volumes by the end of the decade.

Managing Director and CEO Shailesh Chandra said the passenger vehicle business is aiming to achieve revenues of Rs 1.4 lakh crore by FY31, supported by double-digit EBITDA margins and an EBIT margin of more than 5 per cent.

"By FY31 TMPV aspires to Rs 140,000 crore revenues, double-digit EBITDA margins and over 5 per cent EBIT margin, driving PBT to over five times the current level," Chandra said.He added that the company's growth strategy will be supported by investments of around Rs 40,000 crore in new products and manufacturing capacity, while also targeting free cash flows of Rs 10,000 crore. Tata Motors targets 1.2 million annual PV sales by FY30, plans Rs 40,000 crore investment | MorungExpress | morungexpress.com

Read More........ → July 09, 2026

Orange acquires 100% ownership of MasOrange

Press Release

Posted by Harry Baldock, Orange today announced that it has completed the acquisition of the 50% stake in MasOrange held by Lorca, its joint venture partner in Spain. The Group now owns 100% of the operator’s capital and will fully consolidate MasOrange’s results in its financial statements from going forward.

This transaction follows the signing of a binding agreement with Lorca on 12 December 2025, under which Orange agreed to acquire full ownership of MasOrange for a cash consideration of €4.25 billion. Since then, Orange has obtained all the necessary approvals for the transaction to be completed, including from the European Commission.

A key milestone in the Group’s strategy in Spain

Christel Heydemann, Chief Executive Officer of the Orange group, said: “Acquiring full ownership of MasOrange is a strategic step of our Trust the future plan and strengthens Orange’s position in Spain, our second-largest market in Europe. It paves the way for accelerated industrial, operational and commercial synergies, supporting greater value creation. With full ownership comes full agility, MasOrange can now move at full speed backed by the strength and scale of the Orange group.”

Meinrad Spenger, Chief Executive Officer of MasOrange, added: “By becoming fully part of the Orange group, MasOrange now has an even stronger foundation for future growth. It will allow us to accelerate our momentum in the Spanish market, supported by a greater capacity for investment and innovation as well as global expertise. This is good news for the Spanish consumers, enterprises and public administrations, since we will continue to provide them high-quality and innovative services, while benefiting from the Orange group’s industrial strength and scale to create even more value in Spain.”

As a follow-up to this transaction, Meinrad Spenger will join the Orange group’s Executive Committee. This appointment reflects the strategic importance of Spain for the Group and will further leverage his recognized experience in the telecommunications market and his leadership in advancing MasOrange’s development.

MasOrange is currently the leading operator in the Spanish market by customer base and customer satisfaction. At the end of the first quarter of 2026, it had 26 million mobile customers and 7.1 million fixed broadband customers. MasOrange relies on the most advanced leading fiber and 5G mobile infrastructure, enabling it to provide high-quality connectivity and other innovative services across the country to meet the needs of public administrations, consumer and business customers.After closing, the Group intends to refinance MasOrange financial debt over time. Orange acquires 100% ownership of MasOrange - Total Telecom

Read More........ → June 15, 2026

Samsung Strikes Deal with Workers for Profit Sharing in Company's Trillion Dollar Slice of the AI Pie

Samsung Electronics Executive Vice President Yeo Myung-gu, left, and Samsung Electronics labor unions leader Choi Seung-ho sign a wage agreement – credit, Samsung, released

Following eye-watering Q1 performance, some 48,000 of Samsung’s semiconductor division workers are set to receive a new profit-sharing-style bonus structure that will give a bigger slice of the AI pie to those making baking it.

Samsung’s compensation package was among the country’s most generous, as the tech giant accounts for a staggering 16% of national GDP. But after last month’s Q1 revenues rose over 800%, exceeding the entirety of fiscal year 2025, 40% of Samsung’s South Korea-based staff were poised to go on strike for better terms.

The issue was resolved quickly and a preliminary agreement was reached between Samsung’s largest labor union and the company which saw the staff return to work Monday morning, and the company’s shares surge 7%.

Roughly 75% of the 62,000 unionized workers backed the preliminary deal that would see an end to the cap on bonuses of 50% of annual pay, and in its place the commitment to allocate 10.5% of operating profits from its semiconductor division to worker bonuses.

Well, the semiconductor division accounted for 94% of total operating profit in the quarter, amounting to $35.8 billion, 10.5% of which divided 48,000 striking workers would equate to around $78,000 for just this quarter alone. Multiplied by 4, a worker’s slice of the AI boom would amount to $312,000.

Samsung is the country’s largest company at over $1 trillion in market cap, and it’s also the largest semiconductor manufacturer. The standoff came 8 months after the second-largest semiconductor producer, SK Hynix, improved its own bonus terms to its employees.

“The semiconductor industry is now facing a war to secure global talent,” Samsung’s union said in a statement last month. “SK Hynix has already revised its compensation structure to retain talent, while foreign companies are luring our engineers with exceptional offers.”

Samsung and SK Hynix are direct beneficiaries of the global AI boom (or bubble, as some might say), as the wafer-thin processors are needed to supply the computing power to run the AI tools which can be found all throughout our society from E-commerce to hospitals to the front lines of the war in Ukraine.

The strike threatened to so thoroughly derail global semiconductor production that the Korean Prime Minister Kim Min-seok made mention of it on Sunday.

“Any disruption to Samsung’s semiconductor production would go far beyond losses for a single corporate group, leaving deep scars across the national economy,” said the Prime Minister, whose government actually helped step in and mediate the deal.“The agreement came later than expected,” Samsung said in a Wednesday statement. “We will work to build a more mature and constructive labor management relationship so that such a situation does not happen again.” Samsung Strikes Deal with Workers for Profit Sharing in Company's Trillion Dollar Slice of the AI Pie

Read More........ → May 29, 2026

Tata Motors hits 10 lakh commercial vehicle milestone at Lucknow plant

(Photo: Tata Motors)

New Delhi, (IANS) Indian commercial vehicle manufacturer Tata Motors Ltd on Wednesday announced the rollout of its 10th lakh vehicle from its Lucknow plant.

The rollout also marked three‑and‑a‑half decades of operations in Uttar Pradesh, the company said in a release.

In his reaction, Uttar Pradesh Chief Minister Yogi Adityanath said: "The rollout of 10 lakh trucks and buses from Tata Motors’ Lucknow facility is a moment of pride for the entire state. It is a recognition of the state’s capabilities and immense potential, as well as of its talented people."

"Our vision is to transform Uttar Pradesh into a one‑trillion‑dollar economy, with industry and entrepreneurs playing a pivotal role in this journey. The state offers a conducive ecosystem for scalable businesses, supported by a vast consumer market, a young, skilled workforce, and seamless connectivity," he said.

Tata Motors’ success in Uttar Pradesh reflects the strength of this ecosystem and reinforces the state's commitment to fostering responsible industrial growth, creating jobs, building skills and advancing sustainable socio‑economic development, he added.

The milestone vehicle was a zero-emission electric bus, and it highlighted the shared commitment of Uttar Pradesh and Tata Motors to green mobility, aligned with the state’s net-zero 2070 vision and the company’s net-zero target of 2045, the company said.

On this occasion, Tata Sons Chairman N. Chandrasekaran said that the production of Tata Motors' 10th lakh commercial vehicle from its Lucknow facility reflects the strength of its longstanding partnership with Uttar Pradesh.

"Over more than three decades, this collaboration has demonstrated how industry, government and communities can come together to drive industrial excellence, create livelihoods and build capabilities at scale," he added.

"As India’s commercial vehicle industry is undergoing rapid transformation towards cleaner, smarter and more efficient mobility solutions, this milestone underscores Tata Motors’ leadership in shaping the future of mobility," he said, as per the release.

The Lucknow facility, established in 1992 and spread over about 600 acres, has an annual capacity of over one lakh vehicles and supports over 8,000 livelihoods.

It builds industry‑relevant skills through flagship training programmes, and operates as a water‑positive facility powered by 100 per cent renewable energy, the auto manufacturer said.It manufactures a comprehensive range of cargo and passenger commercial vehicles across multiple powertrains, including next-generation zero-emission electric buses and trucks, as well as fuel cell electric vehicles (FCEVs). Tata Motors hits 10 lakh commercial vehicle milestone at Lucknow plant | MorungExpress | morungexpress.com

Read More........ → April 21, 2026

Nuclear energy included in JPMorganChase USD1.5 trillion initiative

(Image: Thomas Breher/Pixabay)

JPMorganChase has announced it will make direct investments of up to USD10 billion as part of a USD1.5 trillion initiative to address pressing needs in key sectors from critical minerals to frontier technologies, including nuclear energy.

The USA-based financial services firm's newly announced Security and Resiliency Initiative is a 10-year plan to facilitate, finance and invest in industries critical to national economic security and resiliency. The initiative, which expands the firm's existing plans to "facilitate and finance" some USD1 trillion over the next decade, will see it make direct equity and venture capital investments to help select companies, primarily in the USA, to enhance their growth, spur innovation, and accelerate strategic manufacturing.

JPMorganChase said it will focus on four key areas, with 27 sub-areas, to support companies across all sizes and development stages by offering advice, providing financing, and, in some cases, investing capital. The initial list of 27 sub-areas will be refined and augmented over time.

The four key areas are:

• Supply Chain and Advanced Manufacturing, including critical minerals, pharmaceutical precursors and robotics

• Defence and Aerospace, including defence technology, autonomous systems, drones, next-gen connectivity and secure communications

• Energy Independence and Resilience, including battery storage, grid resilience and distributed energy

• Frontier and Strategic Technologies, including AI, cybersecurity and quantum computing

Nuclear energy - specifically, "power generated through next generation nuclear tech" - is identified as a sub-area under the Energy Independence and Resilience key theme. "Diversified sources of energy production and the modernisation and resiliency of the grid will be imperative to the national interest and advancing artificial intelligence," the company notes. The other sub-areas under this theme are grid resilience, distributed energy, battery storage and solar.

"It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing - all of which are essential for our national security," said Jamie Dimon, Chairman and CEO of JPMorganChase. "Our security is predicated on the strength and resiliency of America's economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need."

The new initiative "includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centres", Dimon added.

The firm also said it will advocate for policies that can accelerate these efforts, including research and development, permitting, procurement and regulations conducive to growth. "As the bank intensifies its focus on these essential industries, it will also continue to work closely with its community and business partners to champion these sectors, foster talent and support skills training to ensure companies can fill critical jobs," it said.With operations worldwide, JPMorganChase & Co had USD4.6 trillion in assets and USD357 billion in stockholders' equity as of 30 June, and serves its customers under the JP Morgan and Chase brands Nuclear energy included in JPMorganChase USD1.5 trillion initiative

Read More........ → April 02, 2026

Terrapinn acquires FMS: the Future of Memory and Storage

Posted by Harry Baldock | Press Release, LONDON, UNITED KINGDOM – Terrapinn, the global events company, is delighted to announce the acquisition of FMS: the Future of Memory and Storage from Conference Concepts Inc. FMS is widely regarded as the world’s most important and credible event dedicated to memory and storage technologies.

Held annually in Santa Clara, California, FMS has spent two decades as the essential meeting point for the global memory ecosystem – from leading semiconductor manufacturers to system architects and hyper-scalers. The acquisition comes at a pivotal moment as the industry faces an “unprecedented mismatch” in supply and demand, driven by the rapid expansion of artificial intelligence (AI) and the surge in demand for High-Bandwidth Memory (HBM).

“We are absolutely delighted to announce the acquisition of Future of Memory and Storage,” said Terrapinn CEO Greg Hitchen. “FMS is a significant addition to our global portfolio of technology events. We look forward to serving the memory and storage industry and will ensure that the technical excellence and authority of FMS is maintained, and then surpassed, as we invest in its next phase of global growth”.

FMS was created and nurtured by Lance Leventhal and Chip Stockton, principals of Conference Concepts Inc, growing it from its roots as the Flash Memory Summit into an all-encompassing industry showcase.

Chip Stockton, President of Conference Concepts Inc, said: “We have created a really important event for the memory and storage community and have carefully nurtured it over many years. But we now feel it is the right time to pass it on to a larger company for its next phase of growth. We are really impressed by Terrapinn’s commitment to the sector and are sure they are the right fit to take FMS forward while ensuring a seamless transition for all our customers and stakeholders”.

The 20th-anniversary edition, FMS 2026, is scheduled for August 4–6, 2026, at the Santa Clara Convention Center. The event will feature a multi-stream conference, a large-scale global exhibition, and a Technical Pro Series focused on the infrastructure enabling the next generation of AI, data centers, and automotive applications.

Conference Concepts Inc was represented by John McGovern of Grimes, McGovern and Associates.

Terrapinn would like to thank Chip Stockton, John McGovern, our advisers and team.

About Terrapinn: Terrapinn is a global events company with businesses in the USA, Australia, Asia, Europe, the Middle East, and Africa. www.terrapinn.com

About Conference Concepts Inc: Founded in 1994, Conference Concepts is a professional conference management company focused on cutting-edge technologies and high-growth technical events.For further information please contact: rob.chambers@totaltele.com Terrapinn acquires FMS: the Future of Memory and Storage - Total Telecom

Read More........ → March 31, 2026

AT&T to invest $250bn to expand and enhance networks

Press Release: Posted by Harry Baldock, AT&T (NYSE: T) is proud to announce an investment and spend of more than $250 billion in the future of U.S. advanced connectivity, building the high-speed networks and resilience required for the next era of innovation and economic growth.

Building on the legacy of founder Alexander Graham Bell’s first phone call 150 years ago, AT&T is reaffirming its leadership as the company driving America’s connected economy so every community, family, and business can participate in the promise of American progress.

“Today, we’re committing more than $250 billion to increase U.S. connectivity competitiveness and expand access to AT&T’s leading fiber and wireless networks – the best way to get on the internet,” said John Stankey, Chairman and CEO of AT&T. “Current Federal telecommunications policy is as strong as I’ve seen in my career, making our commitment to invest possible. We look forward to serving American communities and businesses for the next 150 years.”

What began with a single copper wire has evolved into the nation’s largest converged network of fiber internet and 5G wireless services, connecting people at home, at work, and on the go.

This next chapter of investment and long-term operating commitment builds on that foundation through three strategic areas: deploying always-on connectivity, investing in people and communities, and innovating to secure America’s connected economy. The current tax and regulatory environment are the most conducive to such investment in decades.

Deploying Always-On Connectivity

Ubiquitous networks that provide reliable, always-on connectivity are the critical conduits that make Artificial Intelligence, autonomous technologies, cloud computing, and data-heavy digital services possible. AT&T’s investment will expand future-ready fiber and wireless services, modernize critical infrastructure, and strengthen network resilience and security to support communities and the economy for decades to come, including:

• Accelerating the deployment of fiber, 5G home internet, wireless and satellite across urban, suburban, and rural America

AT&T’s satellite collaboration with AST SpaceMobile will extend coverage into remote areas.

• Strengthening FirstNet, Built by AT&T – the nation’s first and only network built with and for first responders – and modernizing vital infrastructure for public safety and resilience

With AT&T Dynamic Defense, we deliver the only network connectivity with comprehensive built-in security controls.

• Laying the groundwork for the next wave of American technological leadership through smart infrastructure and network optimization

AT&T’s Wi-Fi Personalization provides a tailored home experience that matches our customers’ daily habits, and AT&T Turbo Live allows customers to boost their data experience at live events to get the reliable connection they want, even in crowded venues.

Investing in People and Communities

Building the nation’s connectivity backbone requires dedicated, highly trained people. With approximately 110,000 U.S. employees today, AT&T will continue investing in America’s workforce, including supporting the largest unionized workforce in the U.S. telecom industry, with a focus on training and development.

Investing in education through connectivity also strengthens communities. When workers can train locally, communities retain talent, families gain stability, and local economies grow stronger. These are mission-critical roles that keep networks running safely and reliably – work that depends on skilled technicians, engineers, and customer-facing experts that will remain essential as technology evolves. Focus areas include:

• Recruiting and training more skilled technicians that are needed to build and maintain essential telecommunications infrastructure
• Hiring thousands of technicians in 2026 alone; Only 5% of jobs at AT&T require a four-year degree
• Investing in training, upskilling, and career pathways to keep roles current as tools and technology change – including AI fluency
• Supporting American families with competitive wages, employee benefits and exceptional wellness programs, and long-term financial security

Innovating to Secure America’s Connected Economy

As connectivity becomes more essential, so do trust, security and continued American leadership in innovation. AT&T will continue investing in technologies that advance and protect the connected economy, including:

• Scaling network security and AI-driven threat intelligence
• Enabling the next wave of American invention across industries by opening up our network to allow new entrants to innovate and supply telecommunications equipment.
• Strengthening collaboration with public-sector partners to support national resilience and first responders
• Supporting America’s leadership in global technology and innovation

With this commitment, AT&T will keep building the network Americans rely on, whether delivered by fiber, wireless, or satellite, so more people and businesses have access to fast, reliable connectivity. It’s the foundation for what’s next, from remote care, to autonomous vehicles to AI, and it will help keep America connected for the next 150 years.Join AT&T and the US connectivity ecosystem in discussion at Connected America 2026 AT&T to invest $250bn to expand and enhance networks - Total Telecom

Read More........ → March 20, 2026

MTN to take control of IHS Towers for $2.2 billion

Posted by Harry Baldock: The operator says reintegrating the tower assets will strengthen its African operations and improve financial metrics

African telco giant MTN Group is set to take full control of IHS Towers, one of Africa’s largest independent tower companies, in a deal valued at $6.2 billion.

The deal will see MTN acquire the 75% stake in IHS that it doesn’t already own for $2.2 billion in cash.

“This proposed transaction is a pivotal step in further strengthening MTN Group’s strategic and financial position for a future where digital infrastructure will become ever more essential to Africa’s growth and development. This transaction gives us a unique opportunity to buy back our towers and strengthen our ability to be partners for progress to the nation states in which we operate,” said MTN CEO Ralph Mupita.

The deal is subject to the typical regulatory approvals, with watchdogs likely to look closely at the impact on competition, given IHS also rents their infrastructure to MTN’s rivals across Africa.

For MTN, the move represents something of a strategic U-turn. The operator group has pursued an asset-light approach for the past decade, selling many of its towers – largely to IHS – in multiple markets.

In recent years, however, MTN’s relationship with the tower company has grown more complicated. The operator has repeatedly complained about IHS’s corporate governance, particularly that IHS had capped its voting rights at 20%, despite MTN owning a stake of around 26% in the business.

At the same time, IHS saw major losses from the devaluation of the Nigerian naira in 2023, leading MTN to attempt to seek adjusted lease terms to reduce foreign‑currency exposure.

Given this increasingly difficult operating relationship, MTN’s stake acquisition represents an opportunity to simplify and de-risk the company’s balance sheet by removing long‑term lease liabilities.Market watchers will be watching whether MTN’s reintegration of roughly 29,000 African sites delivers the financial and strategic gains management forecasts, and whether rivals respond with selective buybacks, new sharing deals, or continued reliance on independent towercos. MTN to take control of IHS Towers for $2.2 billion - Total Telecom

Read More........ → March 03, 2026

Allianz world’s No. 1 insurance brand for 7th consecutive year

Allianz has once again been recognised as the World’s No. 1 insurance brand in the Interbrand Best Global Brands 2025 ranking, marking its seventh consecutive year at the top.

This year, Allianz achieved its highest-ever brand value and strongest growth in history, increasing by 20% from $ 23.5 billion to $ 28.2 billion, and rising two places to No. 27 globally.

This achievement reflects Allianz’s strong financial performance and the consistent execution of its global brand strategy, reinforcing its reputation for trust, innovation, and reliability worldwide. It is also a testament to the dedication and collective effort of every Allianz employee across the globe.

Allianz Insurance Lanka Ltd., is a fully owned subsidiary of Allianz SE, a global financial services provider specialising in insurance and asset management, headquartered in Munich, Germany. Allianz world’s No. 1 insurance brand for 7th consecutive year | Daily FT

Read More........ → February 25, 2026

Grid Telecom to build Artemis subsea cable connecting Crete to mainland Greece

Posted by Total Telecom Staff : Press Release, Grid Telecom, a wholesale telecommunications provider and subsidiary of IPTO, has announced the construction of ARTEMIS, an ultra-high-capacity subsea optical fiber cable system that will link Crete with mainland Greece.

As a new strategic digital corridor in the Eastern Mediterranean, ARTEMIS is set to strengthen decisively regional connectivity, enhance Greece’s geopolitical footprint, and accelerate the country’s ongoing digital transformation.

The ARTEMIS system will be equipped with subsea repeaters and will span approximately 280 kilometres, including its terrestrial segments linking the cable landing stations. Ιt will interconnect all landing stations and data centers in Crete and Attica region, enabling data transmission rates of up to 30 Tbps per fiber-pair. With a minimum of 24 fiber-pairs, ARTEMIS will deliver an overall design capacity of at least 720 Tbps, more than meeting all medium‑ and long‑term digital infrastructure needs.

Engineered to support the next generation of cutting‑edge technologies, ARTEMIS will take full advantage of the relatively short transmission distance and the capability to expand the optical spectrum. As a result, the system is poised to become the first petabit-class subsea cable in Greece and the Mediterranean, with a potential total capacity exceeding 1 petabit per second, pushing well beyond the performance limits of today’s subsea optical fiber systems, setting a new benchmark for regional and international digital connectivity.

Grid Telecom continues to invest in state‑of‑the‑art infrastructure with the goal of transforming Crete into a strategic digital hub, delivering network reliability, flexibility and diversity. Grid Telecom will leverage the synergies between the new ARTEMIS system and its existing Minoas East‑West and Apollo East‑West systems, which already connect the island to mainland Greece through four independent routes and a total of 96 fiber-pairs. The Minoas East‑West system links Chania to the Peloponnese, providing a low‑latency alternative route, while the Apollo East‑West system provides a direct connection between Heraklion and Attica, with no intermediate cable landing stations, adding another critical alternative path.

In line with its commitment to advancing next‑generation telecommunications services, Grid Telecom is proceeding with the immediate construction of new cable landing stations in Chania and Attica. These facilities will serve both as landing points for the ARTEMIS cable system and as critical gateways for international subsea fiber cables traversing the Eastern Mediterranean, linking Greece with the Middle East and Western Europe. ARTEMIS will incorporate Open Cable Interface Equipment (OCIE), enabling seamless integration with all international cable systems, eliminating the need for additional transmission terminal equipment and providing direct, cost‑efficient backhaul access to all data centers.

With these infrastructures in place, Grid Telecom as the premier neutral provider of wholesale telecom services in Greece, will deliver secure, open‑access landings and highly resilient connectivity through diversified fiber routes to both existing and emerging data centers in Crete, mainland Greece, and neighbouring countries. By fully leveraging its integrated terrestrial and subsea network assets, the company will ensure robust, scalable, and carrier‑grade connectivity across the region and provide comprehensive technical support and maintenance services at both infrastructure and operational levels.Keep up to date with all the latest telecoms news with the Total Telecom newsletter Grid Telecom to build Artemis subsea cable connecting Crete to mainland Greece

Read More........ → February 12, 2026

Intracom Telecom Expands Strategic Collaboration with Nova to Enhance Enterprise Connectivity

Posted by Harry Baldock, Intracom Telecom, a global technology systems and solutions provider, and Greece’s largest network infrastructure manufacturer, announces the expansion of its collaboration with Nova, a member of United Group the leading telecommunications and media provider in Southeast Europe and a pioneering provider of mobile, internet, and video services. Nova will begin deploying Intracom Telecom’s WiBAS™ G5 Smart and WiBAS™ G5 GigaConnect FWA platforms to deliver reliable high-speed enterprise connectivity over Nova’s 5G mmWave spectrum at 26.5–27.5 GHz.

This deployment marks an important step in Nova’s ongoing investment in high-speed access infrastructure, aimed at supplying business customers with highly reliable broadband services. Operating in the 26.5–27.5 GHz band, the WiBAS™ G5 platform enables Nova to unlock substantial network capacity and deliver consistent performance, ensuring robust connectivity even in demanding enterprise environments.

Since 2021, Intracom Telecom and Nova have been engaged in a multi-year network modernization program utilizing Intracom Telecom’s field-proven WiBAS™ Point-to-Multipoint (PMP) technology. This nationwide initiative has focused on expanding coverage and capacity across Greece’s major metropolitan areas, connecting thousands of business customers with next-generation wireless access solutions. The ongoing expansion reinforces Nova’s strategy to deliver resilient, ultra-fast connectivity to enterprises of all sizes.

“Our collaboration with Nova continues to grow stronger as we jointly build the foundation for a high-capacity enterprise connectivity network in Greece,” commented Ioannis Tenidis, Director for Wireless Product Line Management at Intracom Telecom. “The deployment of our WiBAS™ G5 platform will enable Nova to deliver unmatched performance and reliability to its business subscribers on valuable 5G mmWave spectrum.”

Thanos Theodoropoulos, Access & Transmission Senior Manager at Nova, added: “Intracom Telecom has been a trusted technology partner in our multi-year effort to modernize and expand our enterprise wireless services. The new WiBAS™ G5 solutions enable us to offer even higher speeds and resilient connectivity to our customers, supporting Greece’s digital transformation.” Intracom Telecom Expands Strategic Collaboration with Nova to Enhance Enterprise Connectivity - Total Telecom

Read More........ → February 06, 2026

KKR–Singtel consortium near $10bn deal for STT GDC

Posted by Harry Baldock, The move seeks to capitalise on Southeast Asia’s booming date centre market

This week, media reports suggest that a consortium led by KKR and Singtel is closing in on a deal to acquire ST Telemedia Global Data Centres (STT GDC).

Negotiations, which are already at an “advanced stage”, would value the data centre business at around $10.22 billion.

“Singtel, as part of a consortium, continues to have discussions in relation to STT GDC. While these discussions are at an advanced stage, there is no certainty that such discussions will lead to any definitive or binding agreement,” said Singtel in a statement on Sunday.

STT GDC owns and operates around 100 data centres in over 20 markets, including Singapore, Malaysia, India, Germany, Italy, and the UK, according to the company website

Rumours that KKR and Singtel were in discussions to acquire STT GDC were first reported in July last year.

Both companies already hold stakes in the business, having jointly invested $1.3 billion in 2024, with KKR owning 14.1% and Singtel 4.2%. The remaining majority stake in STT GDC is held by ST Telemedia, itself owned by Singapore’s state-owned holding company Temasek.

For Singtel, the deal would represent the operator’s latest step in its drive to become a regional AI data centre powerhouse.

The company’s Digital InfraCo unit was rebranded as Nxera in 2024, with the company aiming to expand its data centre capacity in Southeast Asia to 200MW by the end of 2027 in partnership with Nvidia.

By combining Nxera’s existing and planned data centre assets in Singapore, Malaysia, Thailand, and Indonesia with those of STT GDC, Singtel would immediately become one of the region’s largest digital infrastructure players.

KKR, on the other hand, already owns roughly 155 facilities with a pipeline of 12-gigawatts of capacity. The company has been on a spending spree in recent years to grow this capacity even further, most recently including a $1.5 billion investment in Global Technical Realty, a company specialising in building bespoke facilities for hyperscalers like Amazon, Microsoft, and Google.How is the data centre landscape evolving in 2026? Join the industry in discussion at Total Telecom’s Hyperscale Live event! KKR–Singtel consortium near $10bn deal for STT GDC - Total Telecom

Read More........ → February 03, 2026