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  • *Qualcomm offers $110 per NXP share, premium of 11.5 pct. Oct 27- Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. "The pace of innovation in automobile and IoT will increase dramatically...

  • *Qualcomm offers $110 per NXP share, premium of 11.5 pct. Oct 27- Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market. "The pace of innovation in automobile and IoT will increase dramatically...

  • Oct 27- Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever semiconductor industry deal, expanding the reach of its chips from phones to cars. San Diego- based Qualcomm, which gets most of its profit from wireless patents it licenses to the mobile industry, has been facing slowing smartphone sales and stiff competition from...

  • Oct 27- Qualcomm Inc said on Thursday it agreed to buy NXP Semiconductors NV for about $47 billion, including debt, as it seeks to expand the reach of its chips from phones to cars. Qualcomm said it would offer $110 per share in cash, a premium of 11.5 percent to NXP Semiconductor's Wednesday's close. The equity value of the deal is $37.88 billion, according to Reuters...

  • PARIS, Oct 27- STMicroelectronics, which makes chips for Apple's iPhone 7, expects to improve its profitability in 2016 due to demand for smartphones and the increasing use of sensors in everything from cars to light fittings. The Franco-Italian chipmaker's shares jumped 7.75 percent to 7.79 euros in Paris at 0857 GMT on Thursday, topping Europe's Stoxx 600...

  • SEOUL, Oct 27- Samsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years. "We know we must work hard to earn back your trust and we are committed to doing just that," said Co-Chief Executive J.K. Shin as he...

  • It has built a massive network of 320,000 retail outlets across China and other parts of Asia, its sales representatives earn commissions on every phone they sell, and it has filled the airwaves and covered thousands of billboards with advertising based on the endorsement of some of the hottest Asian pop stars. In the third quarter, it jumped into first place in...

  • SEOUL, Oct 27- Samsung Electronics Co Ltd on Thursday said its operating profit fell 30 percent year-on-year in the quarter marred by the withdrawal of its Galaxy Note 7 smartphones, sinking to its lowest level in two years. The world's top smartphone maker said third-quarter operating profit was 5.2 trillion won, matching its revised guidance.

  • *President says Pokemon GO made up most of affiliate income. OSAKA, Japan, Oct 26- Japanese videogames maker Nintendo Co cut its annual profit outlook by a third on Wednesday as a strong yen erodes income earned overseas and overwhelms an earnings bounce from its surprise hit smartphone game Pokemon GO. Nintendo profits from Pokemon GO through investments in...

  • *Abu Dhabi weighed by blue chips yet to report Q3 results. *Egypt's Edita Food closes at lowest historic price in volatile trade. DUBAI, Oct 24- Saudi Arabia's stock market closed higher for a fourth straight session on Monday after last week's mega international bond sale by the government boosted sentiment, but Egyptian shares dropped further as a chronic...

  • *Upgrade programme for users who switch to a Galaxy S7 phone. SEOUL, Oct 24- Samsung Electronics is offering an upgrade programme option to Galaxy Note 7 customers in South Korea who trade in their recalled device for a Galaxy S7 phone, marking its latest attempt to retain customers. In addition to offering refunds or exchanges for a Galaxy S7 smartphone, Samsung...

  • *Upgrade program for users who switch to a Galaxy S7 phone. SEOUL, Oct 24- Samsung Electronics is offering an upgrade program option to Galaxy Note 7 customers in South Korea who trade in their recalled device for a Galaxy S7 phone, marking its latest attempt to retain customers. In addition to offering refunds or exchanges for a Galaxy S7 smartphone, Samsung has...

  • The optimism spread to Hong Kong, but gains both markets were capped by concerns over continued yuan weakness, as well as a possible U.S. rate hike in December. China's blue-chip CSI300 index rose 1.5 percent to 3,376.93 points at the end of the morning session, while the Shanghai Composite Index gained 1.3 percent to 3,130.70 points. An index tracking coal stocks...

  • TAIPEI, Oct 24- Taiwan stocks rose slightly on Monday, but a lack of clear direction from regional markets pulled the index off levels not seen since around mid-2015 touched last week. The index closed 0.1 percent lower on Friday, after touching its highest since July 2015 in intraday trade. The Taiwan dollar softened T $0.087 to T $31.717 per U.S. dollar.

  • NEW YORK, Oct 21- Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content. Chinese e-commerce giant Alibaba Group Holding Ltd bought YouTube-like site Youku for over $4 billion to tap into an...

  • TOKYO, Oct 21- Japan's Nikkei share average edged up on Friday morning, hovering at a near six-month high, as a weak yen lifted hopes that Japanese interim corporate earnings will not be worse than expected. "Things have changed since August when investors were seriously worried that the strong yen would hurt companies' earnings because the dollar was trading...

  • JOHANNESBURG, Oct 20- South African telecom companies MTN Group and Telkom said on Thursday they opposed a government plan to force operators to give up their broadband spectrum and share a national network. MTN, which dominates South Africa's mobile phone market with Vodacom, said that while it agreed with the objective of giving more of the population access...

  • Oct 20- Samsung Electronics Co Ltd is in talks with LG Chem Ltd to supply batteries for its new smartphones, the Nikkei newspaper reported, citing sources. Samsung, the world's biggest smartphone maker, scrapped production of the fire-prone Galaxy 7 and said it would take a hit to its operating profit of about $3 billion over the next two quarters as a result.

  • SEOUL, Oct 17- Tech giant Samsung Electronics Co Ltd said on Monday its system chips business has started mass production of semiconductors using 10 nanometre technology, adding it was the first company in the industry to do so. Samsung said in a statement a tech product launching early next year will use chips made with its 10- nanometre production technology...

  • FRANKFURT, Oct 15- German carrier Air Berlin on Saturday said it had banned Samsung's Galaxy Note 7 mobile phones from flights, while rival Lufthansa said it had banned the phones on services to and from the United States and expected that soon the ban would apply to all other Lufthansa business. The bans come in response to numerous reports of the devices...