ZTE resumed trading today, all board members replaced; Tesla laid off 9% of its employees; Samsung refused to compensate Apple | Lei Feng Morning News

Breaking news! ZTE issued an announcement that all board members will be replaced and no further recruitment will be allowed after the resumption of trading on the morning of the 13th

According to Leifeng.com, on the evening of June 12, ZTE issued an announcement on its A-share and Hong Kong-listed stocks, stating that it had reached an "Alternative Settlement Agreement" with the BIS to replace the "Settlement Agreement" reached between ZTE and the BIS in March 2017.

Under the agreement, ZTE will pay a total of US$1.4 billion in civil penalties, including a one-time payment of US$1 billion within 60 days of BIS’s June 8, 2018 order, and an additional US$400 million in penalties to be paid within 90 days of BIS’s June 8, 2018 order to a U.S. bank escrow account selected by ZTE and approved by BIS and suspended during the monitoring period.

In addition, only after ZTE pays $1 billion and an additional $400 million to a U.S. bank escrow account will BIS terminate the activation of the denial order and remove ZTE from the Prohibited Export List. If all the above conditions are met and ZTE has been removed from the Prohibited Export List, BIS will make another public announcement.

Internet freight platform Flexport opens first warehouse in mainland China

According to Shenzhen Special Zone Daily, yesterday, the first warehouse of Flexport, a freight forwarding company in Silicon Valley, officially opened in Yantian Port. It is reported that Flexport is a technology-driven freight and customs brokerage company in Silicon Valley, focusing on using technology to create smart logistics and enhance user experience in global trade. Customers can see the fully transparent freight status, so as to better manage and optimize their supply chain management.

Lin Qingwen, managing director of the company's Yantian International, said that the successful cooperation between Yantian Port and Feixiebo means that American companies are optimistic about the development of Shenzhen, and that more Chinese electronic products and drone products will be exported to the Americas and European countries through Yantian Port.

In September 2017, Flexport received US$110 million in Series C financing from investors such as DST. After this round of financing, Flexport's valuation reached US$800 million.

A station was attacked by hackers, and nearly 10 million user data were leaked

Leiphone.com (official account: Leiphone.com) reported on June 13 that today, the bullet screen video website AcFun announced that due to the website being attacked by hackers, nearly 10 million user data have been leaked. The police have been notified and users are expected to change their passwords in time.

The leaked data mainly includes user IDs, nicknames, encrypted and stored passwords, etc.

A站 said that the root cause of this incident was that the company did not make AcFun safe enough. For this reason, the official apologized to users and will immediately improve the user data security protection capabilities. At present, A站 has established a security special team with internal and external technical experts to investigate the problem and upgrade the system security level.

iPhone may adopt type-c interface in 2019

According to DigiTimes, citing analog IC suppliers, Apple plans to implement several big changes in the 2019 iPhone - in addition to switching from LCD screens to OLED screens for all models, the company may finally adopt USB-C ports. DigiTimes noted that both iPhone and iPad will support USB-C as the company is "redesigning the charger and next-generation related interfaces."

Apple: Some 2017 MacBook Pros have hardware issues

According to US media reports, Apple has informed after-sales service that the 2017 13-inch MacBook Pro has a hardware problem, but Apple did not explain what the problem is.

It is understood that when the solid-state drive or motherboard encounters a fault, both the motherboard and the solid-state drive need to be replaced at the same time.

Judging from the announcement given by Apple, the non-Touch Bar version of the 2017 13-inch MacBook Pro is the main problem in this incident.

Samsung launches world's first mass-produced 16Gb 64GB DDR4 large-capacity memory

According to Fast Technology, Samsung Electronics announced yesterday that it has started mass production of the world's first new generation 64GB DDR4 RDIMM memory stick based on 16Gb (2GB) Die particles, mainly for enterprise and cloud service applications. Samsung said that the standard frequency of this memory stick is 2666MHz, which can be easily increased in the future, and the power consumption is up to 19% lower than two 32GB sticks.

Samsung's large-capacity memory is mainly aimed at AMD EPYC server platform, because the latter has excellent memory expansion performance, supports eight channels, and each channel is equipped with 16 memory slots. If this 64GB memory stick is used, the total capacity can reach 2TB.

Samsung also revealed that it will soon begin trial production of 256GB memory sticks with 16Gb Die particles, using four-rank and eight-rank TSV technology. It is expected to be completed by the end of this year and can provide 8TB of system memory for dual-core servers.

Samsung refuses to pay Apple $539 million, citing insufficient evidence and demands a retrial

According to Sina Technology, on the morning of June 12, Samsung filed an application with the court on Thursday, hoping to dismiss the ruling on its mobile phone patents with Apple, or to re-examine the case.

Samsung said in a 34-page post-trial motion filed in U.S. District Court in San Jose, California that the jury's $539 million verdict was "excessive" and not supported by the evidence.

The motion was not unexpected. A jury last month ruled that Samsung should pay Apple $539 million in damages for violating five Apple patents with Android phones sold in 2010 and 2011 as part of a lawsuit between Apple and Samsung that began in 2011.

Tesla announces 9% layoffs, not involving production employees

On Tuesday, Tesla informed its employees that it would lay off 9% of its workforce. Since the beginning of the year, Tesla has recruited about 8,000 employees, and now the company has a total of 46,000 employees, so this time it will lay off about 4,100 employees.

In mid-May this year, Tesla CEO Elon Musk said the company was undergoing a "thorough reorganization" and would flatten the company's management structure.

"We are making this difficult decision now so that we don't have to make similar decisions again," Musk wrote to employees on Tuesday.

Reuters: AT&T's $85 billion acquisition of Time Warner approved

According to foreign media Reuters, a U.S. federal court judge approved AT&T's acquisition of Time Warner and dismissed a lawsuit filed by the Department of Justice that the acquisition may involve antitrust.

The judge said Justice Department antitrust enforcers had failed to prove the acquisition, which had been pending since it was announced in October 2016, was a monopoly. The ruling, one of the largest antitrust cases in decades, marked a major victory for AT&T as it transitions to an all-media business.

Uber's new patent uses AI technology to determine whether passengers are drunk

According to foreign media reports, a patent applied for by Uber was recently exposed by the media. The company seems to want to use artificial intelligence technology to identify whether the user is drunk and then provide him with customized ride options.

Specifically, this patent titled "Predicting User Status through Machine Learning" will learn and become familiar with the user's usual status and habits when using Uber to detect whether they are in an abnormal state.

The patent uses a built-in AI algorithm to determine whether a passenger has abnormal behavior through application and several variable factors, such as typos when the user inputs, the accuracy of clicking links and buttons, walking speed, etc., as well as the time and location of the ride.

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