India says it expects domestic chip production to start in the next 2-3 years; its $10B semiconductor incentive scheme begins taking applications on January 1 (Shruti Srivastava/Bloomberg)

Shruti Srivastava / Bloomberg:
India says it expects domestic chip production to start in the next 2-3 years; its $10B semiconductor incentive scheme begins taking applications on January 1  —  - Government to accept applications from chipmakers from Jan. 1  — India currently imports 100% of its chip requirements

Foxconn's India unit Bharat FIH files for $663 million domestic IPO

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Chinese state media says regulators suspended an info-sharing partnership with Alibaba Cloud over accusations it failed to promptly report a Log4j vulnerability (Reuters)

Reuters:
Chinese state media says regulators suspended an info-sharing partnership with Alibaba Cloud over accusations it failed to promptly report a Log4j vulnerability  —  Chinese regulators on Wednesday suspended an information-sharing partnership with Alibaba Cloud Computing …

Intel faces criticism in China after asking suppliers not to use Xinjiang labor or products, with a Weibo hashtag on the topic drawing over 250M views (Bloomberg)

Bloomberg:
Intel faces criticism in China after asking suppliers not to use Xinjiang labor or products, with a Weibo hashtag on the topic drawing over 250M views  —  - Chipmaker says it doesn't use labor or supplies from Xinjiang  — Western nations have accused China of forced labor in region

Amazon to acquire full stake in JV Prione Business Services

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Apple supplier Foxconn plant in Chennai shuts down temporarily after protests over food poisoning

Apple supplier Foxconn's plant near Chennai in southern India will remain shut this week following protests sparked by a food poisoning incident, government sources told Reuters. https://ift.tt/3sobvpL

China Mobile plans to raise up to $8.8B in its Shanghai IPO, selling shares for around $9, one year after being delisted from the NYSE (P.R. Venkat/Wall Street Journal)

P.R. Venkat / Wall Street Journal:
China Mobile plans to raise up to $8.8B in its Shanghai IPO, selling shares for around $9, one year after being delisted from the NYSE  —  The mobile operator's offering would be one of the largest equity fundraisings so far this year  —  China Mobile Ltd. is planning to raise $7.64 billion through …

Snapdeal files papers with Sebi to raise funds via IPO

New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. https://ift.tt/3siAmvg

Digital mapmaker TomTom says it will extend Volkswagen partnership

TomTom NV, the Dutch digital mapmaking company, said on Tuesday it would extend a supply partnership with Volkswagen, integrating its mapping and navigation technology into Volkwagen's cars, including electric vehicles. https://ift.tt/3edJlpa

A framework for fixing social media: apply lessons from physical cities, prevent fake accounts, improve corporate behavior, and listen to integrity workers (Sahar Massachi/MIT Technology Review)

Sahar Massachi / MIT Technology Review:
A framework for fixing social media: apply lessons from physical cities, prevent fake accounts, improve corporate behavior, and listen to integrity workers  —  We need to make our online spaces more similar to our offline ones to limit the reach of bad actors and keep people safe.

Foxconn plant near Chennai to stay shut this week after protests: Sources

Five days of holiday have been declared at the plant, the Superintendent of Police in Kancheepuram said. https://ift.tt/3mmYB7w

Leaked docs: Facebook has not developed Finnish-language automated moderation for hate speech and other content, and employs just 11 moderators based in Berlin (YLE)

YLE:
Leaked docs: Facebook has not developed Finnish-language automated moderation for hate speech and other content, and employs just 11 moderators based in Berlin  —  A data leak reveals Facebook is unable to control hate speech in minority languages like Finnish.

Spotify, Meta, and Netflix find Gen Z elusive in a way TikTok never has; Spotify says its Blend playlist feature is mostly used by Gen Z (Lucas Shaw/Bloomberg)

Lucas Shaw / Bloomberg:
Spotify, Meta, and Netflix find Gen Z elusive in a way TikTok never has; Spotify says its Blend playlist feature is mostly used by Gen Z  —  Good afternoon from Puerto Rico.  Hope you all are staying safe out there.  Hollywood is celebrating the good news of a record-breaking weekend for the new …

B2B ecommerce platform Bizongo raises $110 million led by Tiger Global

B2B ecommerce platform Bizongo on Monday said it has raised $110 million in a Series D round led by New York-based Tiger Global Management. https://ift.tt/3EdoWuX

Omicron: ICMR designs kit to detect the coronavirus variant

The Indian Council of Medical Research (ICMR) has designed a diagnostic kit for detection of Omicron variant of the coronavirus https://ift.tt/3edWRZO