German carmaker BMW warned a chip shortage that has plagued the car industry may lead to further lost production, it showed no signs of abating and supply would remain tight in the second half of the year.

World Business Watch: BMW warns on chip shortage, output to suffer on critical supply

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics. 
 
Pat Gelsinger told a virtual session of the Computex trade show in Taipei that the work-and-study-from-home trend during the COVID-19 pandemic had led to a "cycle of explosive growth in semiconductors" that has placed huge strain on global supply chains. 
 
"But while the industry has taken steps to address near term constraints it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components." 
 
Gelsinger had told The Washington Post in an interview in mid-April the shortage was going to take "a couple of years" to abate, and that it planned to start producing chips within six to nine months to address shortages at U.S. car plants. 
 
Intel announced a $20 billion plan in March to expand its advanced chip manufacturing capacity, building two factories in Arizona and opening its plants to outside customers. 
 
"We plan to expand to other locations in the U.S. and Europe, ensuring a sustainable and secure semiconductor supply chain for the world," Gelsinger said, without elaborating. 
 
Intel`s plans could directly challenge the two other companies in the world that can make the most advanced chips - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and South Korea`s Samsung Electronics Co Ltd. 
 
The two have come to dominate the semiconductor manufacturing business, moving its centre of gravity from the United States, where much of the technology was once invented, to Asia, where more than two-thirds of advanced chips are now manufactured.

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics. Pat Gelsinger told a virtual session of the Computex trade show in Taipei that the work-and-study-from-home trend during the COVID-19 pandemic had led to a "cycle of explosive growth in semiconductors" that has placed huge strain on global supply chains. "But while the industry has taken steps to address near term constraints it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components." Gelsinger had told The Washington Post in an interview in mid-April the shortage was going to take "a couple of years" to abate, and that it planned to start producing chips within six to nine months to address shortages at U.S. car plants. Intel announced a $20 billion plan in March to expand its advanced chip manufacturing capacity, building two factories in Arizona and opening its plants to outside customers. "We plan to expand to other locations in the U.S. and Europe, ensuring a sustainable and secure semiconductor supply chain for the world," Gelsinger said, without elaborating. Intel`s plans could directly challenge the two other companies in the world that can make the most advanced chips - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) and South Korea`s Samsung Electronics Co Ltd. The two have come to dominate the semiconductor manufacturing business, moving its centre of gravity from the United States, where much of the technology was once invented, to Asia, where more than two-thirds of advanced chips are now manufactured.

Intel reiterates chip supply shortages could last several years

Huawei on Tuesday blamed the US for a global chip shortage as it called for cooperation with South Korea, Japan and Europe to form a new semiconductor supply chain.&nbsp;

The move came hours after US President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, Yonhap news agency reported.&nbsp;

A recent shortage of semiconductors has stalled production across manufacturing industries, especially in the auto sector.&nbsp;

Karl Song, Huawei's Vice President of Corporate Communications, called for the lifting of US sanctions, which the Chinese network equipment maker claimed has led to the recent chip crisis.&nbsp;

Currently, the Chinese telecom equipment giant is being cut off from semiconductors made with US equipment, software and designs due to US sanctions over national security concerns.&nbsp;

"The current global chipset shortage is due to the sanctions (Huawei) faces and its impact on the companies that we cooperate with," Song said in a press conference.&nbsp;

"We hope to cooperate with advanced semiconductor countries, such as South Korea, Japan and Europe, to form a global supply chain again," he said.&nbsp;

Eric Xu, Huawei's Rotating Chairman, said on Monday that US sanctions against the company have hurt the broader semiconductor industry as they have created supply uncertainties.&nbsp;

The US has long alleged that Huawei's equipment is used to spy on foreign networks, a claim repeatedly rejected by the Chinese company.&nbsp;

The US sanctions have hurt the Chinese tech giant, which requires semiconductors for its telecom equipment and electronic devices.&nbsp;

Huawei said it still plans to further strengthen its presence in South Korea by collaborating with South Korean companies, adding that it has made purchases worth $37 billion from South Korea over the past five years.&nbsp;

LG Uplus, the smallest of South Korea's three major mobile carriers, currently uses equipment manufactured by Huawei for its 5G network.&nbsp;

In Washington, Biden said on Monday that the US will increase its investment in infrastructure to protect its supply chains, including the supply chain of semiconductors.&nbsp;

His remarks came in a meeting with the top executive officers of 19 global firms, including South Korea's tech giant Samsung Electronics, to discuss ways to address the ongoing shortage of semiconductors.&nbsp;

Huawei on Tuesday blamed the US for a global chip shortage as it called for cooperation with South Korea, Japan and Europe to form a new semiconductor supply chain.

Huawei on Tuesday blamed the US for a global chip shortage as it called for cooperation with South Korea, Japan and Europe to form a new semiconductor supply chain. The move came hours after US President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, Yonhap news agency reported. A recent shortage of semiconductors has stalled production across manufacturing industries, especially in the auto sector. Karl Song, Huawei's Vice President of Corporate Communications, called for the lifting of US sanctions, which the Chinese network equipment maker claimed has led to the recent chip crisis. Currently, the Chinese telecom equipment giant is being cut off from semiconductors made with US equipment, software and designs due to US sanctions over national security concerns. "The current global chipset shortage is due to the sanctions (Huawei) faces and its impact on the companies that we cooperate with," Song said in a press conference. "We hope to cooperate with advanced semiconductor countries, such as South Korea, Japan and Europe, to form a global supply chain again," he said. Eric Xu, Huawei's Rotating Chairman, said on Monday that US sanctions against the company have hurt the broader semiconductor industry as they have created supply uncertainties. The US has long alleged that Huawei's equipment is used to spy on foreign networks, a claim repeatedly rejected by the Chinese company. The US sanctions have hurt the Chinese tech giant, which requires semiconductors for its telecom equipment and electronic devices. Huawei said it still plans to further strengthen its presence in South Korea by collaborating with South Korean companies, adding that it has made purchases worth $37 billion from South Korea over the past five years. LG Uplus, the smallest of South Korea's three major mobile carriers, currently uses equipment manufactured by Huawei for its 5G network. In Washington, Biden said on Monday that the US will increase its investment in infrastructure to protect its supply chains, including the supply chain of semiconductors. His remarks came in a meeting with the top executive officers of 19 global firms, including South Korea's tech giant Samsung Electronics, to discuss ways to address the ongoing shortage of semiconductors.

Huawei blames US for global chip shortage 

In an unexpected revelation, Taiwan has become Asia’s top-performing economy in 2020. The island nation outgrew adversary China for the first time in 30 years.&nbsp;

The result is the outcome of the strong global demand for the island’s tech exports, which have outweighed the hit forced on by the Covid-19 pandemic.&nbsp; 
 
<a href="https://www.wionews.com/world/from-taiwan-to-jack-ma-chinas-troubles-are-growing-on-all-fronts-355475">Also read | From Taiwan to Jack Ma, China's troubles are growing on all fronts</a>

The economy of Taiwan grew 2.98% in 2020 compared to 2019, according to the advance estimates by the island’s statistics office on Friday.&nbsp;

The performance beat the 2.58% forecast made by the country’s central bank. It also edged out Vietnam’s 2.9% growth. Earlier, Vietnam was being predicted to be Asia’s fastest-growing economy in 2020 by some economists. &nbsp; 
 
<a href="https://www.wionews.com/world/taiwan-refuses-to-renew-the-licence-of-china-friendly-news-channel-343923">Also read | Taiwan refuses to renew the licence of China-friendly news channel</a>

The island nation’s expansion last year was also greater than China’s 2.3% complete year growth in 2020. Taiwan had last outgrown its grand neighbour in 1990 when its 5.5% growth beat China’s 3.9%, as per the official data shared by both sides.&nbsp;

According to Angela Hsieh, an economist at British bank Barclays, 2020 has been a record year for Taiwan. And it is expected to continue the winning streak.&nbsp; 
 
<a href="https://www.wionews.com/world/taiwan-gets-rare-win-in-china-naming-dispute-330814">Also read | Taiwan gets rare win in China naming dispute</a>

Taiwan’s robust strength in growing exports, particularly semiconductors, in the second half of last year helped the economy to nullify the dampening effects of the pandemic.&nbsp;

For Taiwan’s 2021 growth, the economist raised her forecast by 1.2 percentage points to 5.2%, much higher than the official figure of 3.83%. &nbsp;

Taiwan has also registered visible success in curtailing the spread of Covid-19, giving the much-needed relaxation to the economy by avoiding a strict lockdown.&nbsp;

Till recently, the island had 911 confirmed infections and eight deaths, as per the Taiwan Centers for Disease Control. &nbsp;

A global leader in the production of semiconductors, Taiwan has been benefitted in a big way by the coronavirus pandemic as it led to a surge in the demand for consumer electronics as people spent more time indoors. &nbsp;

Most of the consumer electronics, such as cars, computers and mobile phones, are powered by crucial semiconductors, which led to a significant rise in the exports for the country. 
 
(With inputs from agencies)

In an unexpected revelation, Taiwan has become Asia’s top-performing economy in 2020. The island nation outgrew adversary China for the first time in 30 years. The result is the outcome of the strong global demand for the island’s tech exports, which have outweighed the hit forced on by the Covid-19 pandemic.

In an unexpected revelation, Taiwan has become Asia’s top-performing economy in 2020. The island nation outgrew adversary China for the first time in 30 years. The result is the outcome of the strong global demand for the island’s tech exports, which have outweighed the hit forced on by the Covid-19 pandemic. Also read | From Taiwan to Jack Ma, China's troubles are growing on all fronts The economy of Taiwan grew 2.98% in 2020 compared to 2019, according to the advance estimates by the island’s statistics office on Friday. The performance beat the 2.58% forecast made by the country’s central bank. It also edged out Vietnam’s 2.9% growth. Earlier, Vietnam was being predicted to be Asia’s fastest-growing economy in 2020 by some economists. Also read | Taiwan refuses to renew the licence of China-friendly news channel The island nation’s expansion last year was also greater than China’s 2.3% complete year growth in 2020. Taiwan had last outgrown its grand neighbour in 1990 when its 5.5% growth beat China’s 3.9%, as per the official data shared by both sides. According to Angela Hsieh, an economist at British bank Barclays, 2020 has been a record year for Taiwan. And it is expected to continue the winning streak. Also read | Taiwan gets rare win in China naming dispute Taiwan’s robust strength in growing exports, particularly semiconductors, in the second half of last year helped the economy to nullify the dampening effects of the pandemic. For Taiwan’s 2021 growth, the economist raised her forecast by 1.2 percentage points to 5.2%, much higher than the official figure of 3.83%. Taiwan has also registered visible success in curtailing the spread of Covid-19, giving the much-needed relaxation to the economy by avoiding a strict lockdown. Till recently, the island had 911 confirmed infections and eight deaths, as per the Taiwan Centers for Disease Control. A global leader in the production of semiconductors, Taiwan has been benefitted in a big way by the coronavirus pandemic as it led to a surge in the demand for consumer electronics as people spent more time indoors. Most of the consumer electronics, such as cars, computers and mobile phones, are powered by crucial semiconductors, which led to a significant rise in the exports for the country. (With inputs from agencies)

Taiwan pips China in economic showdown after 30 years, as chips demand soars

New microprocessors have been launched by Intel Corp, a device which includes a second-generation Xeon processor for data centres and a 10nm chip for wireless 5G base stations.

New microprocessors have been launched by Intel Corp, a device which includes a second-generation Xeon processor for data centres and a 10nm chip for wireless 5G base stations. Sales of server chips have been boosted after an increase in demand from cloud-computing companies, which has resulted in strong results from Intel and its rival AMD Corp. Also Read: Apple, Intel file antitrust case against SoftBank- Owned firm over patent practices The market for server chips has been dominated by Intel's Xeon chips, but the debut of its rival EPYC processors that earned positive reviews has allowed AMD to gain ground in the business. Though the new Xeon chips afford a better performance on the dollar as compared to its previous generation, Intel is confident that the 10nm chip, P5900, will help it become the leading silicon provider in base stations by 2021. 10nm and 7nm products will be launched by Intel in 2020, while AMD has already launched several chips based on the smaller 7nm architecture. Also Read: Wall Street falls as investors cautious on trade; Intel slides 10nm chip technology sale by Intel has been facing a lot of struggles, which has cost the company its lead to rivals in the race to supply to the new data economy which includes 5G chips, 5G devices, artificial intelligence and autonomous vehicles. Though the company had intended to launch the new chip in Barcelona during the Mobile World Congress, the event was cancelled due to rising paranoia over the COVID-19 outbreak all over the world.

Intel unveils new Xeon chip, COVID-19 delays product

Japan said Monday it will tighten regulations on the export to South Korea of several chemicals used in chip and smartphone production amid a row with Seoul on wartime forced labour.

The move, which takes effect from July 4, comes after South Korean courts ordered Japanese firms to compensate people forced into wartime labour, an issue Tokyo says was resolved when the countries resumed diplomatic relations decades ago.

"The export control system is built based on international relations of trust," Japan's Ministry of Economy, Trade and Industry (METI) said in announcing the move.

"After reviews by relevant ministries, it must be said that the relations of trust between Japan and South Korea have been significantly harmed," METI added.

The new restrictions affect chemicals including fluorinated polyimide and hydrogen fluoride, as well as transfer of manufacturing technologies, removing them from a list that effectively allowed expedited export.

It means that exporters will now have to apply for permission for each batch they wish to export to South Korea, a process that takes around 90 days each time, local media reported.

METI said it would also begin soliciting public comment on the removal of South Korea from a list of "white" countries that face minimal restrictions on technology transfer with national security implications.

Japan and South Korea are both democracies, market economies and US allies, but their relationship has been strained for decades as a result of Tokyo's brutal 1910-45 colonial rule over the Korean peninsula.

And tensions have grown after a series of rulings from South Korean courts ordering Japanese firms that used wartime forced labour to compensate victims.

Last month, Tokyo proposed the issue be put to arbitration under the terms of an agreement signed by the two countries in 1965, when ties were normalised.

South Korea countered with a proposal for local and Japanese firms to set up a voluntary compensation fund, which Tokyo flatly rejected as "unacceptable".

When relations were normalised, Tokyo agreed a reparations package that included grants and cheap loans intended to cover victims of various wartime policies.

Japan argues that package should have permanently resolved the issue.

Analysts said the measure could harm Japanese producers, noting shares in some of the firms that make the affected chemicals were falling on Monday despite a rally in the market overall.

"It could have a short-term negative impact on Japanese manufacturers... whose sales to major South Korean producers constitute 10 to 20 per cent of their overall sales," said Kazuyoshi Saito, a chip analyst at IwaiCosmo Securities.

He pointed out that the measures do not amount to an export ban, but would make exports more complicated.

"At this point, the expected impact is a slowing of export procedures, which may temporarily affect both South Korean makers and Japanese suppliers," he told AFP

Japan said Monday it will tighten regulations on the export to South Korea of several chemicals used in chip and smartphone production amid a row with Seoul on wartime forced labour.

Japan said Monday it will tighten regulations on the export to South Korea of several chemicals used in chip and smartphone production amid a row with Seoul on wartime forced labour. The move, which takes effect from July 4, comes after South Korean courts ordered Japanese firms to compensate people forced into wartime labour, an issue Tokyo says was resolved when the countries resumed diplomatic relations decades ago. "The export control system is built based on international relations of trust," Japan's Ministry of Economy, Trade and Industry (METI) said in announcing the move. "After reviews by relevant ministries, it must be said that the relations of trust between Japan and South Korea have been significantly harmed," METI added. The new restrictions affect chemicals including fluorinated polyimide and hydrogen fluoride, as well as transfer of manufacturing technologies, removing them from a list that effectively allowed expedited export. It means that exporters will now have to apply for permission for each batch they wish to export to South Korea, a process that takes around 90 days each time, local media reported. METI said it would also begin soliciting public comment on the removal of South Korea from a list of "white" countries that face minimal restrictions on technology transfer with national security implications. Japan and South Korea are both democracies, market economies and US allies, but their relationship has been strained for decades as a result of Tokyo's brutal 1910-45 colonial rule over the Korean peninsula. And tensions have grown after a series of rulings from South Korean courts ordering Japanese firms that used wartime forced labour to compensate victims. Last month, Tokyo proposed the issue be put to arbitration under the terms of an agreement signed by the two countries in 1965, when ties were normalised. South Korea countered with a proposal for local and Japanese firms to set up a voluntary compensation fund, which Tokyo flatly rejected as "unacceptable". When relations were normalised, Tokyo agreed a reparations package that included grants and cheap loans intended to cover victims of various wartime policies. Japan argues that package should have permanently resolved the issue. Analysts said the measure could harm Japanese producers, noting shares in some of the firms that make the affected chemicals were falling on Monday despite a rally in the market overall. "It could have a short-term negative impact on Japanese manufacturers... whose sales to major South Korean producers constitute 10 to 20 per cent of their overall sales," said Kazuyoshi Saito, a chip analyst at IwaiCosmo Securities. He pointed out that the measures do not amount to an export ban, but would make exports more complicated. "At this point, the expected impact is a slowing of export procedures, which may temporarily affect both South Korean makers and Japanese suppliers," he told AFP

Japan restricts chip, smartphone materials exports to South Korea

Intel Corp shares fell nearly 2 percent on Thursday as investors worried about the potential financial liability and reputational hit from recently disclosed security flaws in its widely used microprocessors.

The largest chipmaker had confirmed on Wednesday that flaws reported by researchers could allow hackers to steal sensitive information from computers, phones and other devices.

Apple Inc, Microsoft Corp and other software makers have issued patches to protect against the vulnerabilities.

Intel may be on the hook for costs stemming from lawsuits claiming that the patches would slow computers and effectively force consumers to buy new hardware, and big customers will likely seek compensation from Intel for any software or hardware fixes they make, security experts said.

&quot;The potential liability is big for Intel,&rdquo; said Eric Johnson, dean of Vanderbilt University&rsquo;s Owen Graduate School of Management. &quot;Everybody will be scrambling over the next few days to figure out just how big it is.&quot;

Intel has said that the patches for the bugs would slow its chips down somewhat but that most users will not notice.

Amazon Web Services (AWS), the largest seller of cloud computing services, said in a statement it does not &quot;expect meaningful performance impact for most customer workloads.&quot;

Microsoft and Alphabet Inc&rsquo;s Google both said in statements on their websites that they expect few performance problems for most of their cloud computing customers.

But the incident is likely to spur cloud companies to press Intel for lower prices on chips in future talks, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh, which owns shares in Intel.

&quot;What (Intel&rsquo;s cloud customers) are going to say is, &lsquo;You wronged us, we hate you, but if we can get a discount, we&rsquo;ll still buy from you,&quot; Forrest said.

Forrest also expects Intel will have to increase its chip development spending to focus on security.

<figure>
Government agencies and security experts said they knew of no cyber attacks that had exploited the vulnerabilities.

Financial services firms were studying information on the vulnerabilities to determine how to best respond, said the Financial Services Information Sharing and Analysis Center, a global industry group known as FS-ISAC that shares data on cyber threats.

Banks and other firms are trying to understand what it will cost to respond to the issue, FS-ISAC said in an emailed statement.

&quot;In addition to the security considerations raised by this design flaw, performance degradation is expected, which could require more processing power for affected systems to compensate and maintain current baseline performance,&quot; FS-ISAC said.

&quot;There will need to be consideration and balance between fixing the potential security threat vs the performance and another possible impact on systems.&quot;

Lawyers filed a lawsuit in San Jose, California, federal court on Wednesday that sought class-action status and compensation for people who had bought vulnerable Intel chips or computers that came with them already installed.

Intel did not immediately respond to a request for comment on Thursday about the lawsuit.

While more lawsuits are expected, Intel&rsquo;s biggest customers are likely to quietly seek compensation for any harm caused by the vulnerabilities, including costs to patch machines or replace microprocessors, Johnson said.

Legal experts said that consumers would have to prove concrete damages and harm to proceed with claims.

Intel shares fell 1.8 percent, following a 3.4 percent decline Wednesday.

Shares in rival Advanced Micro Devices Inc climbed 4.9 percent as investors speculated the No. 2 maker of microprocessors would woo customers away from Intel.

Still, researchers had said some of AMD&rsquo;s chips had one of the two vulnerabilities disclosed on Wednesday, as do processors from ARM Holdings.
</figure>

The largest chipmaker had confirmed on Wednesday that flaws reported by researchers could allow hackers to steal sensitive information from computers, phones and other devices

Intel Corp shares fell nearly 2 percent on Thursday as investors worried about the potential financial liability and reputational hit from recently disclosed security flaws in its widely used microprocessors. The largest chipmaker had confirmed on Wednesday that flaws reported by researchers could allow hackers to steal sensitive information from computers, phones and other devices. Apple Inc, Microsoft Corp and other software makers have issued patches to protect against the vulnerabilities. Intel may be on the hook for costs stemming from lawsuits claiming that the patches would slow computers and effectively force consumers to buy new hardware, and big customers will likely seek compensation from Intel for any software or hardware fixes they make, security experts said. "The potential liability is big for Intel,” said Eric Johnson, dean of Vanderbilt University’s Owen Graduate School of Management. "Everybody will be scrambling over the next few days to figure out just how big it is." Intel has said that the patches for the bugs would slow its chips down somewhat but that most users will not notice. Amazon Web Services (AWS), the largest seller of cloud computing services, said in a statement it does not "expect meaningful performance impact for most customer workloads." Microsoft and Alphabet Inc’s Google both said in statements on their websites that they expect few performance problems for most of their cloud computing customers. But the incident is likely to spur cloud companies to press Intel for lower prices on chips in future talks, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh, which owns shares in Intel. "What (Intel’s cloud customers) are going to say is, ‘You wronged us, we hate you, but if we can get a discount, we’ll still buy from you," Forrest said. Forrest also expects Intel will have to increase its chip development spending to focus on security. Government agencies and security experts said they knew of no cyber attacks that had exploited the vulnerabilities. Financial services firms were studying information on the vulnerabilities to determine how to best respond, said the Financial Services Information Sharing and Analysis Center, a global industry group known as FS-ISAC that shares data on cyber threats. Banks and other firms are trying to understand what it will cost to respond to the issue, FS-ISAC said in an emailed statement. "In addition to the security considerations raised by this design flaw, performance degradation is expected, which could require more processing power for affected systems to compensate and maintain current baseline performance," FS-ISAC said. "There will need to be consideration and balance between fixing the potential security threat vs the performance and another possible impact on systems." Lawyers filed a lawsuit in San Jose, California, federal court on Wednesday that sought class-action status and compensation for people who had bought vulnerable Intel chips or computers that came with them already installed. Intel did not immediately respond to a request for comment on Thursday about the lawsuit. While more lawsuits are expected, Intel’s biggest customers are likely to quietly seek compensation for any harm caused by the vulnerabilities, including costs to patch machines or replace microprocessors, Johnson said. Legal experts said that consumers would have to prove concrete damages and harm to proceed with claims. Intel shares fell 1.8 percent, following a 3.4 percent decline Wednesday. Shares in rival Advanced Micro Devices Inc climbed 4.9 percent as investors speculated the No. 2 maker of microprocessors would woo customers away from Intel. Still, researchers had said some of AMD’s chips had one of the two vulnerabilities disclosed on Wednesday, as do processors from ARM Holdings.

Intel shares fall as investors worry about costs of chip flaw

External Affairs Minister Sushma Swaraj spoke on the Kulbhushan Jadhav affair in Parliament on Thursday.&nbsp;

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<a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw">#WATCH</a> Live: EAM Sushma Swaraj delivers statement on <a href="https://twitter.com/hashtag/KulbhushanJadhav?src=hash&amp;ref_src=twsrc%5Etfw">#KulbhushanJadhav</a> in Lok Sabha (Source- LSTV) <a href="https://t.co/2NR2ScAZhZ">https://t.co/2NR2ScAZhZ</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/946269014136721409?ref_src=twsrc%5Etfw">December 28, 2017</a></blockquote>
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She said the Pakistani claim that there was a camera or a recording chip in Jadhav&#39;s wife&#39;s <a href="http://www.wionews.com/india-news/pakistan-hidden-camera-or-recording-chip-found-in-chetnas-shoe-27916" target="_blank">shoe</a> was absurd.&nbsp;

Swaraj said Jadhav&#39;s wife Chetna had taken two international flights in those same shoes to get from Mumbai to Islamabad.&nbsp;

Chetna had travelled from Mumbai to Dubai on an Air India flight, and from Dubai to Islamabad on an Emirates flight.&nbsp;

Swaraj said people might still believe Air India had helped Chetna, but asked how she could possibly have smuggled a hidden camera or a recording chip in her shoe onto an Emirates flight.&nbsp;

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A meeting of a mother with her son &amp; a wife with her husband was turned into a propaganda tool by Pakistan :EAM Sushma Swaraj in Rajya Sabha <a href="https://twitter.com/hashtag/KulbhushanJadhav?src=hash&amp;ref_src=twsrc%5Etfw">#KulbhushanJadhav</a> <a href="https://t.co/Z5M28mVBGZ">pic.twitter.com/Z5M28mVBGZ</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/946256013379846144?ref_src=twsrc%5Etfw">December 28, 2017</a></blockquote>
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Swaraj added that not only were Chetna&#39;s bindi and mangalsutra removed but also those of Jadhav&#39;s mother&#39;s Avanti.&nbsp;

Swaraj said that when Kulbhushan first saw his mother like that, without her mangalsutra and bindi, he thought something might have happened to his father.&nbsp;

&quot;Baba kaise hain?&quot; was the first thing Kulbhushan asked his mother, said Swaraj.&nbsp;

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Jadhav Ji&#39;s mother who only wears a saree was forced to wear salwar-kurta. Bindi, bangles &amp; mangalsutras of both mother &amp; wife were removed. Both the married women were made to like widows: EAM Sushma Swaraj in Rajya Sabha <a href="https://twitter.com/hashtag/KulbhushanJadhav?src=hash&amp;ref_src=twsrc%5Etfw">#KulbhushanJadhav</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/946258931176824832?ref_src=twsrc%5Etfw">December 28, 2017</a></blockquote>
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Swaraj spoke in both the Lok Sabha and the Rajya Sabha.&nbsp;

She said the meeting was started in absence of the Indian deputy high commissioner accompanying Jadhav&#39;s wife and mother and that if he had seen how their clothes were changed, he would have registered a protest there and then.&nbsp;

She also took up the heckling of the women by the Pakistani media.&nbsp;

She said it had been specifically agreed by both sides that media would not be allowed to come close to the family but that the Pakistani press not only came close to them but also harassed and hurled taunts at them:&nbsp;

&quot;Thank god they didn&#39;t say that there was a bomb in her shoes! If for security reasons she was made to take off shoes, they should have returned them when she was leaving but no, they had to commit some sort of cruelty,&quot;&nbsp;Swaraj said.&nbsp;

Also read: <a href="http://www.wionews.com/india-news/kulbhushan-jadhav-parroted-script-given-by-pakistan-during-meeting-with-family-mother-foils-attempt-reports-27934" target="_blank">Kulbhushan Jadhav parroted script given by Pakistan during meeting with family, mother foils attempt</a>

&quot;It was nothing like a humanitarian gesture. Human rights of the family members were violated again and again and an environment of fear was created for them,&quot; Swaraj added.&nbsp;

Swaraj said Jadhav's wife Chetna took two international flights in those same shoes. How then could she have hidden a camera or a chip inside them?

External Affairs Minister Sushma Swaraj spoke on the Kulbhushan Jadhav affair in Parliament on Thursday. #WATCH Live: EAM Sushma Swaraj delivers statement on #KulbhushanJadhav in Lok Sabha (Source- LSTV) https://t.co/2NR2ScAZhZ — ANI (@ANI) December 28, 2017 × She said the Pakistani claim that there was a camera or a recording chip in Jadhav's wife's shoe was absurd. Swaraj said Jadhav's wife Chetna had taken two international flights in those same shoes to get from Mumbai to Islamabad. Chetna had travelled from Mumbai to Dubai on an Air India flight, and from Dubai to Islamabad on an Emirates flight. Swaraj said people might still believe Air India had helped Chetna, but asked how she could possibly have smuggled a hidden camera or a recording chip in her shoe onto an Emirates flight. A meeting of a mother with her son & a wife with her husband was turned into a propaganda tool by Pakistan :EAM Sushma Swaraj in Rajya Sabha #KulbhushanJadhav pic.twitter.com/Z5M28mVBGZ — ANI (@ANI) December 28, 2017 × Swaraj added that not only were Chetna's bindi and mangalsutra removed but also those of Jadhav's mother's Avanti. Swaraj said that when Kulbhushan first saw his mother like that, without her mangalsutra and bindi, he thought something might have happened to his father. "Baba kaise hain?" was the first thing Kulbhushan asked his mother, said Swaraj. Jadhav Ji's mother who only wears a saree was forced to wear salwar-kurta. Bindi, bangles & mangalsutras of both mother & wife were removed. Both the married women were made to like widows: EAM Sushma Swaraj in Rajya Sabha #KulbhushanJadhav — ANI (@ANI) December 28, 2017 × Swaraj spoke in both the Lok Sabha and the Rajya Sabha. She said the meeting was started in absence of the Indian deputy high commissioner accompanying Jadhav's wife and mother and that if he had seen how their clothes were changed, he would have registered a protest there and then. She also took up the heckling of the women by the Pakistani media. She said it had been specifically agreed by both sides that media would not be allowed to come close to the family but that the Pakistani press not only came close to them but also harassed and hurled taunts at them: "Thank god they didn't say that there was a bomb in her shoes! If for security reasons she was made to take off shoes, they should have returned them when she was leaving but no, they had to commit some sort of cruelty," Swaraj said. Also read: Kulbhushan Jadhav parroted script given by Pakistan during meeting with family, mother foils attempt "It was nothing like a humanitarian gesture. Human rights of the family members were violated again and again and an environment of fear was created for them," Swaraj added.

Sushma Swaraj speaks on Jadhav row, says Pakistani claims of hidden camera absurd

Japan&#39;s SoftBank Group Corp is set to agree a deal to buy British chip designer ARM Holdings PLC for around $32 billion, a source familiar with the deal said, adding an announcement could come later in the day. 
 
ARM, the most valuable tech company listed in London, is a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huaweiand Apple in their in-house designed microchips. 
 
SoftBank could not immediately be reached for comment. ARM officials were not reachable outside market hours. 
 
If confirmed, the deal would be one of the largest in European technology to date and SoftBank&#39;s largest ever - outranking the $22 billion acquisition of a controlling stake in wireless operator Sprint in 2013, a deal that left the group with hefty debts as the carrier&#39;s losses mounted. 
 
Softbank has announced plans over the past few weeks to raise $14 billion with the sale of assets including shares in Chinese e-commerce giant Alibaba - unusual for a group that has rarely exited investments. But analysts had expected it to use the cash to reduce debt or give shareholders a windfall by buying back its own shares. 
 
An announcement on Monday would come less than a month after the Japanese group&#39;s founder, Masayoshi Son, scrapped his plans to retire, effectively pushing out his heir apparent, former Google executive Nikesh Arora. 
 
Son, known as &quot;Masa&quot;, said then that he wanted to stay on to develop Sprint but also to complete the transformation of SoftBank into a tech investment powerhouse. Among the triggers for what Son has called the next &#39;paradigm shift&#39; in technology are artificial intelligence and the internet of things - a new focus for ARM as it weathers a smartphone slowdown. 
 
It bought UK imaging specialist Apical earlier this year, a company that specialises in technology to allow computers to analyse images - replicating human vision using software. 
 
A deal would also come just weeks after Britain voted to leave the European Union, a decision that has battered sterling and bolstered the yen. 
 
Though it has warned on the staffing impact of Brexit, ARM Holdings&#39; revenues are largely in dollars and it has a diverse portfolio of technologies it licenses. Its shares have actually climbed almost 17 per cent since the vote. 
 
According to a Financial Times report earlier on Monday, SoftBank will pay 17 Pounds in cash for each ARM share, a premium of more than 40 per cent to Friday&#39;s close at 11.89 Pounds. 
 
SoftBank shares were not traded on Monday, a market holiday in Tokyo. ($1 = 0.7539 Pounds) 
 
(Reuters)

If confirmed, the deal would be one of the largest in European technology to date and SoftBank's largest ever

Japan's SoftBank Group Corp is set to agree a deal to buy British chip designer ARM Holdings PLC for around $32 billion, a source familiar with the deal said, adding an announcement could come later in the day. ARM, the most valuable tech company listed in London, is a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huaweiand Apple in their in-house designed microchips. SoftBank could not immediately be reached for comment. ARM officials were not reachable outside market hours. If confirmed, the deal would be one of the largest in European technology to date and SoftBank's largest ever - outranking the $22 billion acquisition of a controlling stake in wireless operator Sprint in 2013, a deal that left the group with hefty debts as the carrier's losses mounted. Softbank has announced plans over the past few weeks to raise $14 billion with the sale of assets including shares in Chinese e-commerce giant Alibaba - unusual for a group that has rarely exited investments. But analysts had expected it to use the cash to reduce debt or give shareholders a windfall by buying back its own shares. An announcement on Monday would come less than a month after the Japanese group's founder, Masayoshi Son, scrapped his plans to retire, effectively pushing out his heir apparent, former Google executive Nikesh Arora. Son, known as "Masa", said then that he wanted to stay on to develop Sprint but also to complete the transformation of SoftBank into a tech investment powerhouse. Among the triggers for what Son has called the next 'paradigm shift' in technology are artificial intelligence and the internet of things - a new focus for ARM as it weathers a smartphone slowdown. It bought UK imaging specialist Apical earlier this year, a company that specialises in technology to allow computers to analyse images - replicating human vision using software. A deal would also come just weeks after Britain voted to leave the European Union, a decision that has battered sterling and bolstered the yen. Though it has warned on the staffing impact of Brexit, ARM Holdings' revenues are largely in dollars and it has a diverse portfolio of technologies it licenses. Its shares have actually climbed almost 17 per cent since the vote. According to a Financial Times report earlier on Monday, SoftBank will pay 17 Pounds in cash for each ARM share, a premium of more than 40 per cent to Friday's close at 11.89 Pounds. SoftBank shares were not traded on Monday, a market holiday in Tokyo. ($1 = 0.7539 Pounds) (Reuters)

SoftBank set to buy UK chip designer ARM for around $32 billion

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