Reuters - Technology Report

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Wednesday, July 12, 2017

Kaspersky Lab complains it has been drawn into U.S.-Russia geopolitical game: RIA

MOSCOW (Reuters) - Russian cyber security firm Kaspersky Lab said on Wednesday it had fallen victim to geopolitical sparring between Russia and the United States, but said it was ready to respond to any questions from U.S. officials, the RIA news agency reported.

Toshiba regains access to credit line but tough conditions applied: sources

TOKYO (Reuters) - Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but its lenders have imposed tough conditions, banking sources with direct knowledge of the matter said.

Apple sets up China data center to meet new cyber-security rules

BEIJING (Reuters) - Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month.

Spotify signs Sony royalty deal while Warner holds out: reports

(Reuters) - Spotify has reached a licensing deal with a second major label, Sony Music Entertainment, according to media reports, setting the stage for a U.S. stock market listing by the music streaming leader.

Faraday Future moves electric SUV production site, mothballs Las Vegas plant

TAIPEI (Reuters) - Startup Faraday Future said it would move production of its planned luxury electric SUV to a new site, virtually scrapping a stalled $1 billion Las Vegas factory amid deepening financial woes of key investor Chinese entrepreneur Jia Yueting.

SK Hynix CEO says won't drop equity plans for Toshiba chip business deal

SEOUL (Reuters) - SK Hynix Inc said on Wednesday it does not plan to abandon its aim to gain equity in Toshiba Corp's $18 billion chip unit - an assertion that is likely to lower chances of success for the preferred bidder consortium it is part of.

Gaming firm Razer seeks Oct HK IPO at up to $5 billion valuation: source

HONG KONG (Reuters) - Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday.

India's Reliance Jio files complaint over unlawful system access: police

MUMBAI (Reuters) - India's Reliance Jio Infocomm Ltd [RELIB.UL], which is looking into reports of a major leak of user data, has filed a police complaint alleging "unlawful access to its systems," a police officer involved in the investigation said on Wednesday.

Streaming TV apps grapple with password sharing

(Reuters) - More than one-fifth of young adults who stream shows like "Game of Thrones" or "Stranger Things" borrow passwords from people who do not live with them, according to a Reuters/Ipsos poll, a finding that suggests media companies are missing out on significant revenue as digital viewership explodes.

Intel rolls out new chips in battle for data center business

NEW YORK (Reuters) - Intel Corp on Tuesday announced a new line of microprocessors for data centers, setting up a battle with Advanced Micro Devices and others for the lucrative business of supplying the chips that power cloud computing.