Read more about Vietnam update: New coronavirus hybrid variant replicating quickly on Business Standard. Vietnam s very dangerous new Covid-19 hybrid variant may be fuelling its worst outbreak so far as it is replicating quickly
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SEOUL (Reuters) - Samsung Electronics Co Ltd said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won announced in 2019. Samsung competes with bigger rivals Taiwan s TSMC in contract chip manufacturing and Qualcomm Inc in mobile processing chips. Samsung will accelerate research and development of advanced chip contract manufacturing processes and construction of production lines, it said in a statement. The South Korean electronics major added that its third chip production line at Pyeongtaek, south of Seoul, will be completed in the second half of 2022. (Reporting by Joyce Lee; Editing by Rashmi Aich)
Automotive platform CarDekho Group has appointed media industry professional Mayank Jain as the CEO of its new auto business. Jain will be responsible for strengthening the organization s new auto offering, and deepening engagement with OEMs, dealer network and other enterprise partners, the platform said in a release. He will be reporting to CarDekho CEO and Co-founder Amit Jain, and operate out of the CarDekho Gurugram office, it said. Mayank is a highly reputed professional in the media world and has an impressive track record of scaling businesses across varied industries. His deep customer understanding and expertise will enable us to design and provide the best autoTech solutions to our partner customers, said Amit Jain.