MediaTek Might Have Dethroned Qualcomm in US 🇺🇸 Android Chip Market

This is a daily newsletter that covers trending business, tech and finance stories. If you enjoyed the newsletter, please share it with a friend who’d find it useful.

Share Scott D. Clary’s Newsletter

Or… invite friends to the newsletter through our referral program for Amazon gift cards.

Get a Referral Link

– Scott


MediaTek Might Have Dethroned Qualcomm in US 🇺🇸 Android Chip Market

(Image Source)

Taiwanese semiconductor company MediaTek might have just overtaken Qualcomm to claim the largest market share of any Android phone chipmaker in the United States, according to one analyst group.

A report by IDC’s quarterly mobile phone sales tracker suggests that, as of fourth-quarter 2021, MediaTek chips accounted for 48.1% of all the Android phones in the U.S. as compared to 43.9% of Qualcomm.

The rise in the share of MediaTek was mainly driven by sales of the Galaxy A32, Galaxy A12, and G Pure, which made up 51% of MediaTek devices sold in Q4 and 24% of the entire Android market in the United States, added the report.

However, there are conflicting reports, as Counterpoint Research says that as of Q4 2021, Qualcomm holds 55% share as compared to 37% of MediaTek. As such, it is still possible that Qualcomm is still holding the top position.

While MediaTek and Qualcomm are giants in the mobile industry and are distinct brands in the smartphone chipset market, it is still not clear who holds the crown for now.

Former Pirate Adam Lackman Slapped With $19.5 Million Fine for Piracy 🚨

(Image Source)

According to a report from TorrentFreak, Adam Lackman, the man who describes himself as the “former pirate” behind the Kodi add-on repository TVAddons, has been fined $19.5 million over copyright infringement.

As per TorrentFreak, TVAddons was accessible up until last week before it went offline. In its prime time, TVAddons was a site that allowed users to upload unofficial add-ons for Kodi, an open-source media library that can be installed on streaming devices like Google Chromecast and Amazon Fire TV Stick.

A judgment ruled that the Montreal-based Lackman was directly or indirectly involved in the development, hosting, distribution, or promotion of Kodi add-ons that provide users with unauthorized access” to copyrighted content.

“The lawsuit is now officially over and I can move on with my life. It wasn’t the outcome I had hoped for, but an outcome nonetheless. I won’t be making further statements on the matter, as I wish to I look towards the future rather than dwell upon the past,” said Adam Lackman about the judgement.

Crypto VC Electric Capital Raises $1 Billion 💰 in Latest Funding 

(Image Source)

Electric Capital, a crypto-focused venture capital firm, has raised $1 billion in new funding — a massive capital that it will use to invest in crypto startups.

“We have spent the last four years building software and data systems that enable us to participate in Web3 ecosystems. We use the infrastructure we have built to provide liquidity, run validators, help teams better understand their ecosystems with our novel data and more. We look forward to continuing to push the frontier of how investors and protocols can create value together,” said co-founder Curtis Spencer about the funding.

Founded in 2018, Electric Capital California-based venture capital firm that prefers to invest in early-stage innovative technology companies focusing on cryptocurrencies, blockchain, fintech, and marketplaces sectors.

To date, the company has invested in projects including, Gitcoin, Bitwise, dYdX, Immunefi, NEAR, and Syndicate.

The firm is looking to invest fresh capital in various projects including, DeFi protocols, web3 infrastructure, and platforms powered by NFTs and DAOs. It will continue to invest between $1 million and $20 million in equity and tokens in these project areas.

Shift4 Acquires Crypto Donation Firm The Giving Block For $54 Million 💵

(Image Source)

US-based payment solutions provider Shift4 has acquired crypto donation firm The Giving Block for $54 million in cash and stock, in addition to a potential earnout of up to $246 million, according to an investor presentation released Tuesday.

The Giving Block is a leading crypto donation platform that allows over 1,300 nonprofit organizations and charities to accept crypto donations. It is a fast-growing and highly profitable business filling a vital need for nonprofits with cryptocurrency donations.

In 2021, The Giving Block processed $69.64 million in crypto donations, an increase of 1,558% from 2020.

Out of this amount, approximately $12.3 million came from donations by NFT projects. Ether became the most-popular crypto donated for the first time, accounting for nearly 50 percent of the total volume.

These deals clearly show our ability to support existing transformational and global customers like SpaceX, Starlink, and St. Jude Children’s Research Hospital and provide real right-to-win additional customers across the nonprofit vertical,” said Shift4 CEO Jared Isaacman about the acquisition. “It also represents an exciting and responsible step towards further embracing cryptocurrencies and blockchain technology,” added Issacman.

Around the Web 🌐

Nextdoor Hits Record Revenues, Beats Investor Expectations: Nextdoor, a hyperlocal social networking service for neighborhoods, has generated recorded revenues of $59.3 million, up 47.9% from its year-ago tally of $40.1 million. Investors had expected Nextdoor to report $55.4 million in revenue in Q4 2021; however, the company beat that mark by generating higher revenues.

Ukraine Adds DOT Donation Acceptance as Financial Support: Amid the ongoing war with Russia, the Ukrainian government has revealed that it is now accepting Polkadot (DOT) donations. Gavin Wood, the co-founder of Polkadot had previously pledged to donate $5 million to Ukraine if the country added DOT wallets, and he kept his promise by donating 298,367.2269896686 DOT (roughly $5.7 million) to Ukrainian wallets.


Podcast

If you like the content in this newsletter, there’s a pretty good chance you’ll like my podcast, “Success Story”, where I unpack the playbooks of entrepreneurs, executives and other high performing individuals.

Check Out The Podcast

Latest Episode 👇


If you enjoyed the newsletter, please share it with a friend who’d find it useful.

-Scott

New podcasts & articles to your inbox.

No Spam. Promise.

Pin It on Pinterest

Skip to content