Reuters Technology Report: February 28, 2017

Click to View in Browser Tuesday, February 28, 2017 Samsung Group dismantles nerve center as chief faces bribery charge amid scandal SEOUL (Reuters) - South Korean prosecutors said on Tuesday they will charge Samsung Group [SARG.UL] chief Jay Y. Lee with bribery and embezzlement as the top conglomerate announced the dismantling of its corporate strategy office, the latest developments in a scandal that has rocked the country for months. Xiaomi unveils in-house chipset to streamline production, cut prices BEIJING (Reuters) - Chinese smartphone firm Xiaomi Inc [XTC.UL] announced its first in-house designed chipset on Tuesday, as it works to streamline production, lower prices, and gain greater control over handset design to counter the impact of slowing sales. Huawei staff fear cuts as smartphone profits disappoint HONG KONG/BARCELONA (Reuters) - Staff at China's Huawei Technologies Co Ltd [HWT.UL] are bracing for possible jobs cuts after internal memos highlighted intense pressure to improve earnings and an executive said the flagship smartphone business had missed internal profit targets. Cyber attackers target Singapore Defence Ministry, but no secrets found SINGAPORE (Reuters) - Cyber attackers have stolen basic personal data from about 850 Singapore national servicemen and employees in a possible attempt to access official secrets, the Defence Ministry said on Tuesday. Samsung SDI says Samsung Elec's head of memory business chosen as new CEO SEOUL (Reuters) - South Korea's Samsung SDI Co Ltd said on Tuesday that Jun Young-hyun, the head of memory business at Samsung Electronics Co Ltd, has been chosen as its new CEO. Snap expects some IPO investors to make year-long commitments (Reuters) - Snap Inc, owner of popular messaging app Snapchat, disclosed on Monday that it expected investors buying up to a quarter of the shares in its $3.2 billion initial public offering this week to agree not to sell them for a year. Facebook's virtual reality ambitions could be threatened by court order (Reuters) - Facebook Inc's big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts. No AT&T-Time Warner merger review expected: U.S. regulator's chairman WASHINGTON (Reuters) - The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc's planned $85.4 billion acquisition of Time Warner Inc , a spokesman for the agency said on Monday. Buffett tells CNBC Berkshire bought 120 million Apple shares in 2017 NEW YORK (Reuters) - Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire's biggest equity holdings, and that U.S. stocks overall were not in "bubble territory." Tesla plunges another 5 percent on fears of Model 3 delays SAN FRANCISCO (Reuters) - Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker's decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Model 3 sedan. Related Video Silicone rubber robots could vastly improve mobility for the infirm, say researchers How a self-driving truck made Google suspicious Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook