Japanese DRAM chip maker Elpida Memory said it will outsource production to Taiwan's Winbond Electronics, as it tries to consolidate its position in Taiwan against U.S. rival
Micron.

SMIC, China's largest contract chipmaker, said its long-serving CEO has been replaced by another industry veteran, in a move that could pave the way for consolidation in China's
struggling chip sector.

A California jury ruled on Tuesday that Semiconductor Manufacturing International stole and used trade secrets from rival Taiwan Semiconductor Manufacturing, possibly putting SMIC on the hook for more than $1 billion in damages for TSMC, a lawyer for TSMC said on Tuesday.

Taiwan's TSMC, the world's top contract chip maker, met market expectations as it posted its biggest quarterly net profit in a year, after making more advanced chips for new PCs and other high-tech gadgets.

Seven of 10 fund managers are betting that China and other emerging markets will lead the global economic recovery, according to a Merrill Lynch fund manager survey, and that could mean better investing opportunities abroad.