Sharp inks LCD joint venture with China Electronics

The embattled Sharp has entered into an agreement with state-run company China Electronics to form a joint venture focused on building LCDs.

Sharp's board of directors announced on Thursday (PDF) that they've formed a joint venture that will be known as Nanjing CEC-Panda LCD Technology, with China Electronics. That company, better known as CEC, will own 92 percent of the joint venture, leaving Sharp with 8 percent ownership.

According to Sharp, the newly formed company will start construction on an LCD production plant in August, and expects to start delivering panels in June 2015. It will focus its … Read more

Hackers reportedly release data on U.S. troops in Korea

South Korean news agencies and security officials say that cybercriminals have leaked the personal data of members of the U.S. military.

On Tuesday, South Korea suffered its latest round of cyberattacks on the day that marked the beginning of the Korean war 63 years ago. The South Korean Science Ministry confirmed that multiple government and private sites were affected. The Central News Agency, party newspaper Rodong Sinmun, national airline Air Koryo, and the presidential Blue House site were among those that experienced service outages.

Following the attack, Reuters reported that the cybercriminals involved claim to have publicly released the … Read more

China targets U.S. products, calls them 'terrible security threat'

China's government-friendly media outlets have taken aim at Cisco and other U.S. companies after NSA leaker Edward Snowden revealed sensitive information on alleged spying on Chinese networks.

According to IB Times, which earlier reported on the claims, Chinese daily Sina cited eight companies, including Cisco, IBM, Google, and Apple, as the firms that are used by the U.S. government to spy on China. Another news outlet, Global Times, said that the country should reduce its reliance on American companies, adding that they pose a "terrible security threat."

The U.S. companies, of course, have never … Read more

Designer product site Fab now worth $1 billion

Fab is now worth a cool $1 billion.

Self-dubbed the world's design store, Fab is an online retailer that sells quirky products, ranging from clothes to jewelry to furniture to food. Its "True Blood" shop, for example, allows fans of the HBO series to buy books, perfume, and even fangs to celebrate the show.

Chinese Internet site Tencent Holdings clearly sees something in Fab. The company has led a new investment round that kicked in $150 million, with Tencent snagging a spot on Fab's board.

Fab is now worth more than $1 billion -- not even … Read more

North Korea calls U.S 'kingpin of human rights abuses' following NSA leaks

North Korea has pounced on the recent revelations of NSA snooping to take a few digs at the United States.

Minju Joson, the country's state-run newspaper, lashed out at the U.S. in the wake of leaks from National Security Agency whistleblower Edward Snowden that the NSA has been collecting data on U.S. citizens under a secret program known as PRISM. Snowden also said last week that the U.S. has been hacking into computers in China and Hong Kong for the past several years.

A commentary in Minju Joson called the U.S. "a kingpin of human rights abusesRead more

Chinese supercomputer tops the charts -- two years early

Performing more than 33 quadrillion calculations per second, a new Chinese supercomputer called Tianhe-2 arrived two years earlier than expected to claim the top spot in a list of the 500 most powerful supercomputers in the world.

The Top500 list, updated twice a year at the International Supercomputing Conference, measures performance for mammoth systems typically used for jobs like modeling nuclear weapons explosions and forecasting global climate changes. And the Chinese machine, at the National University of Defense Technology, is more mammoth than most.

The Tianhe-2 has 32,000 Xeon processors boosted by 48,000 Xeon Phi accelerator processors for … Read more

NSA whistleblower: U.S has been hacking into China, Hong Kong

The U.S. government had been hacking into computers in Hong Kong and China for years, says NSA whistleblower Edward Snowden.

The former CIA employee stirred up a hornet's nest recently when he leaked details about PRISM, a National Security Agency program that collects certain user information from Internet companies and phone service providers in an effort to track down terrorists.

In an interview with the South China Morning Post, Snowden said that PRISM actually extends to people and institutions in Hong Kong and mainland China. The NSA itself has been hacking into computers in Hong Kong and China … Read more

Obama, China president to talk hacking -- report

President Barack Obama and his Chinese counterpart, Xi Jinping, will have a serious discussion on cybersecurity at a summit they're holding today in California, according to a new report.

Speaking to an unidentified U.S. official, Reuters reported Friday that Obama will ask that Xi assures him that China takes seriously the gripes the U.S. has with its alleged hacking efforts. It's believed that for years, China has been hacking into U.S. government and company servers and gaining access to classified information. Over the last several months, however, more of the details on that alleged hacking … Read more

Amazon Kindle debuts in China

The Amazon Kindle has officially landed in China.

On Friday, both the Kindle Fire HD tablet and the Kindle Paperwhite e-reader popped up for sale on Amazon's Chinese Web site. The Fire HD tablet costs 1,499 yuan ($244) for the 16GB version and 1,799 yuan ($293) for the 32GB version, while the Paperwhite e-reader costs 849 yuan ($138).

The Kindle devices will also be sold locally through Suning and Tesco Shi, two retail chains in China, according to Chinese news site Sina Tech. Chinese consumers will be able to find the Kindles at stores in Beijing, Shanghai, … Read more

Chinese hackers reportedly stole Obama and McCain documents

On the eve of President Barack Obama's high-level meeting with Chinese President Xi Jinping, U.S. intelligence officials have revealed that a slew of documents and e-mails were stolen during the 2008 presidential campaign from both the president and then GOP presidential candidate John McCain. Officials are accusing China's government for the hack.

According to NBC News, officials said that they first detected the major cyberattack in the summer of 2008 and were then able to trace the culprits back to China.

"Based on everything I know, this was a case of political cyberespionage by the Chinese … Read more