China devotes $22 billion to domestic chip industry expansion

China is pouring more money into chasing its semiconductor ambitions. The state-backed Tsinghua Unigroup, which has been building up the country’s chip-industry infrastructure, received a 150 billion yuan (US$22 billion) in financing on Tuesday. The funds come from the China Development Bank and a national integrated circuit investment fund, two groups tied to the country’s…

Report: Samsung’s flagship smartphones tank just before Galaxy S8 launch

A financial report cited by South Korea’s Yonhap News says that Samsung’s higher-end smartphones are accounting for a rapidly decreasing share of the company’s sales. Premium smartphones account for just 29% of Samsung’s smartphone sales, down from 75% in mid-2013, Yonhap quotes a Hana Financial Investment report as saying. The disastrous battery problems experienced by…

Amazon Connect brings contact centers to the cloud

Amazon today released Connect, a contact center as a service offering hosted in the Amazon Web Services cloud. The move represents AWS attempting to jump into a burgeoning market for cloud-based contact center software, while continuing to push AWS into the enterprise communications market. Just last month AWS announced Chime, a cloud-based Unified Communication as…