Chinese technology giant Huawei Technologies Co Ltd (華為) is offering to install — for free — a mobile-phone network worth £50 million (US$81.2 million) on the London Underground train system in time for the next year’s Olympics, a report said yesterday.
Huawei is presenting the offer as a gift from one Olympic host nation to another, the UK’s Sunday Times newspaper reported, without citing its sources.
The company would -reportedly install mobile transmitters along the ceilings of tunnels so that travelers could make and receive calls for the first time while underground.
Mobile operators, including Vodafone Group PLC and Telefonica O2 UK, have agreed to pay for the installation work, while Huawei hopes to earn income in maintenance fees, according to the report.
Transport for London, the official body responsible for the transport system in the city, said talks had started on fitting a mobile network on the underground, but did not confirm Huawei’s involvement.
“Transport for London and the Mayor of London [Boris Johnson] are currently in discussion with mobile phone operators and other suppliers about the potential provision of mobile phone services on the deep Tube network,” a spokesman said.
However, Member of Parliament Patrick Mercer, of British Prime Minister David Cameron’s Conservative party, said allowing a Chinese firm to provide the -network could pose a security risk.
“It has been proven that a proportion of the cyberattacks on this country come from China,” he told the Sunday Times. “I wonder when the eyes of the world are upon us whether there is sense in using a Chinese firm to install a sensitive mobile network.”
Huawei, founded 23 years ago by Ren Zhengfei (任正非), a former People’s Liberation Army engineer, has long rejected accusations that it has ties to the Chinese military.
It insists it is owned by its employees and that Ren, its chief executive, has less than a 2 percent stake in the company.
Huawei’s technology is used to build mobile phone networks around the world and its consumer products include smartphones that run on Google Inc’s Android platform and technology to connect laptops to the Internet using 3G networks.
RECYCLE: Taiwan would aid manufacturers in refining rare earths from discarded appliances, which would fit the nation’s circular economy goals, minister Kung said Taiwan would work with the US and Japan on a proposed cooperation initiative in response to Beijing’s newly announced rare earth export curbs, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. China last week announced new restrictions requiring companies to obtain export licenses if their products contain more than 0.1 percent of Chinese-origin rare earths by value. US Secretary of the Treasury Scott Bessent on Wednesday responded by saying that Beijing was “unreliable” in its rare earths exports, adding that the US would “neither be commanded, nor controlled” by China, several media outlets reported. Japanese Minister of Finance Katsunobu Kato yesterday also
China Airlines Ltd (CAL, 中華航空) said it expects peak season effects in the fourth quarter to continue to boost demand for passenger flights and cargo services, after reporting its second-highest-ever September sales on Monday. The carrier said it posted NT$15.88 billion (US$517 million) in consolidated sales last month, trailing only September last year’s NT$16.01 billion. Last month, CAL generated NT$8.77 billion from its passenger flights and NT$5.37 billion from cargo services, it said. In the first nine months of this year, the carrier posted NT$154.93 billion in cumulative sales, up 2.62 percent from a year earlier, marking the second-highest level for the January-September
‘DRAMATIC AND POSITIVE’: AI growth would be better than it previously forecast and would stay robust even if the Chinese market became inaccessible for customers, it said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its full-year revenue growth outlook after posting record profit for last quarter, despite growing market concern about an artificial intelligence (AI) bubble. The company said it expects revenue to expand about 35 percent year-on-year, driven mainly by faster-than-expected demand for leading-edge chips for AI applications. The world’s biggest contract chipmaker in July projected that revenue this year would expand about 30 percent in US dollar terms. The company also slightly hiked its capital expenditure for this year to US$40 billion to US$42 billion, compared with US$38 billion to US$42 billion it set previously. “AI demand actually
Jensen Huang (黃仁勳), founder and CEO of US-based artificial intelligence chip designer Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday celebrated the first Nvidia Blackwell wafer produced on US soil. Huang visited TSMC’s advanced wafer fab in the US state of Arizona and joined the Taiwanese chipmaker’s executives to witness the efforts to “build the infrastructure that powers the world’s AI factories, right here in America,” Nvidia said in a statement. At the event, Huang joined Y.L. Wang (王英郎), vice president of operations at TSMC, in signing their names on the Blackwell wafer to