TECHNOLOGY

Hollywood has a new suitor in Silicon Valley.

Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices.

In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood's top prize.

Japan's Softbank Group Corp will invest around 900 million euros ($1 billion) in Wirecard in a convertible bond deal that will give it a 5.6 percent stake in the German digital payments company.

U.S. social media company Twitter will launch a new tool next week to make it easier for users to flag deliberate attempts to mislead voters taking part in key European Parliament elections next month.

Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology.

Israel's VDOO Connected Trust Ltd, which provides security automation for embedded devices, said on Wednesday it raised $32 million in a funding round led by venture capital firms WRVI Capital and GGV Capital.

South Korea's LG Electronics plans to suspend manufacturing of its loss-making mobile phones in the country this year and shift the production to its existing plant in Vietnam, Yonhap News Agency said on Wednesday.

Technology firms should do more to connect people in positive ways and steer away from trends that have tended to exploit human weaknesses, ethicists told a meeting of Silicon Valley leaders on Tuesday.