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“Why are you ignoring Apple?” – Google tries to avoid a $ 5 billion fine in Europe

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Back in 2018, the European Commission fined Google a record $ 5 billion for abusing the dominant position of Android devices. Now Google is trying to challenge the fine and criticizes EU regulators for turning a blind eye to Apple’s actions.

The European Commission ruled that Google was using its Android operating system and Google Play store to illegally consolidate its dominance. A new series of lawsuits began this week in which Google will try to appeal the decision.

Google lawyer Meredith Pickford) Meredith Pickford criticized EU regulators in court this week challenging their decision to largely ignore Apple’s actions in the same area.

The Commission turns a blind eye to the real dynamics of competition in this industry between Apple and Google. By defining markets too narrowly and downplaying the powerful restrictions imposed by the mighty Apple, the Commission mistakenly concluded that Google dominates mobile operating systems and app stores.

In response to the announcement, EU Commission lawyer Nicholas Khan said that “Apple’s inclusion in the picture does not make much of a difference,” citing Apple’s smaller market share in the EU. He also replied that “Google’s behavior excludes any opportunity for competition.”

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Blue Origin and Sierra Space plan to build a commercial space station

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Blue Origin and Sierra Space have announced plans to build the Orbital Reef commercial space station in low Earth orbit. According to the partners, “the station will usher in a new chapter in human space exploration and exploration, contributing to the development of a vibrant ecosystem and business model for the future.” The Orbital Reef Program has been supported by space industry leaders including Boeing, Redwire Space, Genesis Engineering Solutions and Arizona State University.

As conceived by the creators of the station, it will open up many new markets in space, giving customers the opportunity to “get their own address in orbit.” The partners expect to offer research, industrial and commercial customers a competitively priced one-stop-shop service, including space transportation and logistics, space placement, equipment placement and operation, including crew accommodation on board the station.

Orbital Reef is supposed to be used as a “mixed-use business park” in space. The shared infrastructure will effectively support the private needs of various tenants and visitors. The delivery and return of people and cargo will be entrusted to the reusable space transport. Coupled with advanced automation and logistics, it will minimize cost and complexity for both traditional space operators and new entrants. The open system architecture will allow any customer or country to connect to the project and will provide the ability to scale to meet demand by adding new modules.

The station is expected to start operating in the second half of this decade.

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Following Xiaomi, another smartphone manufacturer enters the automotive market. This is a Chinese company 360 Mobile

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360 Mobile previously produced smartphones and home appliances, and now the manufacturer has officially announced its entry into the automotive market.

In addition, 360 Mobile has confirmed that it will spend about half a billion dollars to acquire a stake in Nezha Motors and become the second largest shareholder in Nezha Automobile. 360 Mobile previously stated that the company’s strategic investment in Nezha Automobile includes smart, networked vehicle security. 360 Mobile’s network security expertise will expand the capabilities of Nezha Automobile. The company will continue to explore the safety of smart, connected vehicles. The goal is to provide intelligent, connected vehicle safety services for the entire industry.

At the moment, the aforementioned investments have been approved by the relevant state authorities and the corresponding agreements have been signed. Also, 360 Mobile is trying to attract additional foreign investment.

We will remind, earlier Xiaomi announced its entry into the automotive market, planning to release an electric car in 2024.

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SK hynix’s revenue grew 45% over the year, net profit tripled

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SK hynix, one of the largest manufacturers of memory chips, has published a report for the third quarter of 2021. SK hynix’s revenue for the reporting period was $ 10.11 billion. This is 14% more than in the second quarter and 45% more in annual terms, that is, compared to the third quarter of 2020.

Operating income for the quarter was $ 3.57 billion and net income was $ 2.84 billion. These indicators compared to the second quarter increased by 55% and 67%, respectively. In annual terms, operating profit increased by 220%, net – by 206%. Gross profit in the third quarter was 35%. For comparison: the quarter before that it was 26%, the year before – 16%.

SK hynix predicts that the market demand for semiconductor memory will continue to grow. The manufacturer plans to “flexibly respond to changes in market conditions and focus on ensuring profitability.” At the same time, the company hopes to improve the competitiveness of its NAND flash business, which has recently become profitable, completing its acquisition of Intel by the end of this year.

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