Apple developing own screens using next-generation tech

A visitor uses her iPhone X to take a photo of Apple Park t-shirts at the new Apple Visitor Center in Cupertino. The company plans to develop its own new screen technology according to media reports. (Reuters)
Updated 20 March 2018
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Apple developing own screens using next-generation tech

LONDON: Apple is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported, in a move that could hurt Asian display suppliers to the US tech giant over the long-term.
MicroLED is a new display technology that has grabbed the attention of several tech firms. Screens using MicroLED are thinner, brighter, use less power and are more durable than the OLED displays that are increasingly being adopted for a variety of smart devices.
The new technology is however unproven and difficult to use, analysts said.
“It is not clear whether MicroLED will be better than the OLED displays Apple uses for its smartwatches. At this point, this seems to me that Apple wants to show off — it’s more of ‘look what we can do’ rather than a realistic alternative,” said Dongbu Securities analyst S.R. Kwon.
Apple is developing MicroLED screens at a secret plant in California in a project overseen by Lynn Youngs, who is in charge of iPhone and Apple Watch screen technology, Bloomberg said, citing people familiar with the matter.
The company aims to use the new technology in its wearable computers first, the report said, adding that it is unlikely to reach an iPhone for at least three to five years.
Apple declined to comment.
Shares in Asian display makers initially slid on the news on Monday but later pared losses. Shares in Sharp, Japan Display and LG Display ended the day between 1.6 percent and 2.4 percent lower.
Other tech giants looking at the technology include Taiwan’s Hon Hai Precision Industry, Apple’s main contract manufacturer. It acquired US MicroLED display startup eLux Inc. last year through Sharp Corp. and other group units.
Sony Corp. started selling large display systems using the technology for corporate users last year, and Samsung Electronics unveiled a MicroLED TV this January.


Turkey cuts investment criteria for foreigners seeking citizenship

Updated 19 September 2018
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Turkey cuts investment criteria for foreigners seeking citizenship

  • Turkey made it easier for foreigners to become Turkish citizens by cutting the financial and investment criteria required for citizenship
  • Foreigners now need only to have $500,000 deposits in Turkish banks

ANKARA: Turkey on Wednesday made it easier for foreigners to become Turkish citizens by cutting the financial and investment criteria required for citizenship, according to a decree from President Recep Tayyip Erdogan.
Foreigners now need only to have $500,000 deposits in Turkish banks, down from $3 million before while fixed capital investment was reduced from $2 million to $500,000 dollars, the decree published in the Official Gazette said.
Meanwhile individuals can obtain citizenship if they employ 50 people, down from the previous 100, while those who own property worth $250,000 can become Turkish citizens, compared to the previous value necessary of $1 million.
The decree is the latest in a series by Erdogan in what appears to be a bid to prop up the embattled Turkish lira and the economy which slowed down in the second quarter.
Last week, the president ordered that contracts for the sale, rent and leasing of property in or indexed to foreign currencies would not be allowed.
The Turkish currency fell against the US dollar drastically in August after one of the most bitter spats between Ankara and Washington over the detention of an American pastor.
The lira lost nearly a quarter in value against the greenback in August.
But there had been investor concerns over domestic economic policy and Erdogan’s continued opposition to high interest rates, although the central bank aggressively hiked its main policy rate 6.25 percent to 24 percent last week.
Erdogan will later meet with representatives of American companies working in Turkey at 1500 GMT at his presidential palace in Ankara, according to the presidential website.
He will meet with 30 senior executives, according to HaberTurk daily, including representatives from Microsoft and Google.