Topic: Technology

Taiwan's UMC, the world's No.2 contract chip maker, said it will invest $8 billion in a 12-inch wafer plant in Taiwan, joining its peers in investing in high-end technology to meet demand for chips in fast-growing markets like mobile devices.

The head of global sales at Research In Motion has tendered his resignation to take on a leadership role in another industry, the BlackBerry maker said on Wednesday.

Lenovo Group, the world's No.2 PC maker by sales, reported a 59 percent rise in fourth-quarter net profit, meeting analyst expectations as strong demand in emerging markets such as China offset weakness in Europe.

Best Buy reported better-than-expected quarterly results, boosted by a lower tax rate and an extra week compared with a year earlier, as the world's largest consumer electronics chain closes stores and searches for a new chief executive.

If Americans ever eat genetically engineered fast-growing salmon, it might be because of a Soviet biologist turned oligarch turned government minister turned fish farming entrepreneur, the New York Times reports.

The European Union's antitrust chief on Monday offered Google a chance to settle an investigation into allegations of anti-competitive behaviour after the world's most popular search engine indicated its willingness to resolve the issue amicably.

The chief executives of Apple and Samsung Electronics are used to running the show at their global tech empires, but they will be in for a different experience when they arrive at a San Francisco federal courthouse on Monday.

The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage.

"The healthcare industry is being significantly impacted by Facebook and social media. The use of these social media channels has led to a significant shift in the way we engage internally as well as with the external world. "

Samsung Electronics has received some 9 million pre-orders for its third-generation Galaxy S smartphone from more than 100 global carriers, the Korea Economic Daily reported on Friday.

Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government."

GM has learned what the savvy marketers already knew – people are not looking to buy on Facebook…yet. Facebook users believe their life (and the lives of their friends) is the most entertaining of 24/7 cinema; because they are the stars.

The market for equities has gone through numerous crises, bubbles and ups and downs, but when an initial public offering comes, it can create lots of excitement for investors and generate perhaps billions of dollars for the company.

Facebook has become an integral part of the recruiting process. It’s given employers an opportunity to learn more about prospective candidates and has allowed organizations to gain intelligence on a person’s ideals and background.

There’s been a lot of talk about Facebook’s valuation, but the real question behind that valuation, is how Facebook makes money and what its prospects are in the future.