Huawei has a bold New Years Resolution

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Huawei didn’t have the greatest 2016 thanks to an increasingly difficult wireless market and some uncontrollable political and economic situations, but that’s not stopping them from setting the bar high for 2017. They’re expecting a 32% increase in revenue from 2016, which is actually down about 5% from 2015, but they’re hopeful they can shake things up for next year.

LeEco looking for a billion dollar investment deal

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LeEco expanded as quickly as possible over the past couple of years, but that created some problems for the company’s cash flow. After expanding into the US market with a slew of phones and a Vizio acquisition, LeEco is pretty close to being completely broke. Since they sell their phones very close to cost to keep up that growth, it’s hard to turn much of a profit, which is, ironically, a big hurdle to overcome when you’re trying to keep up fast growth like LeEco has done.

Qualcomm slapped with a hefty $854 million fine from South Korea

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Qualcomm has been fighting to stay the course in a smartphone market that’s cooled down globally, and a new, very large fine from the South Korean antitrust regulator isn’t going to help things.

The Korea Fair Trace Commission has officially levied a 1.03 trillion won, or $854 million, fine on Qualcomm because of unfair business practices and patent licensing deals. It doesn’t matter how big of a company you are, losing nearly $1 billion to a fine is going to sting.