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Hardware Electronic Equipment Instruments and Components

  • TOKYO, July 11- Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday. The crisis-wracked conglomerate later confirmed it was in talks with other suitors as it had not been able...

  • TOKYO, July 11- Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan's Foxconn over the $18 billion sale of its prized chip unit, banking sources familiar with the matter said on Tuesday. Late last month, Toshiba picked a Japanese government-backed consortium as preferred bidder to buy the conglomerate's semiconductor...

  • On June 21, Toshiba said its preferred bidder was a consortium of Bain Capital and Japanese government investors offering $18 billion. But suitor Western Digital sued Toshiba in San Francisco County Superior Court for an injunction to stop the sale, arguing that a joint-venture it has with Toshiba at a plant in Japan means the chipmaker cannot sell without its...

  • On June 21, Toshiba said its preferred bidder was a consortium of Bain Capital and Japanese government investors offering $18 billion. But suitor Western Digital sued Toshiba in San Francisco County Superior Court for an injunction to stop the sale, arguing that a joint-venture it has with Toshiba at a plant in Japan means the chipmaker cannot sell without its...

  • *Dana Gas pulls Abu Dhabi down. DUBAI, July 10- Middle East markets followed global shares higher on Monday and Saudi Arabia's stock index was bolstered by strong quarterly reports and dividend announcements. In Saudi Arabia, shares of United Electronics Company surged by their 10 percent daily limit to 36.90 riyals, their highest close since January 2016.

  • SEOUL, July 7- South Korea's LG Electronics Inc estimated that its second-quarter operating profit rose 14 percent from a year ago, but fell short of expectations as the mobile division's struggles likely continued. LG, the world's No.2 television maker by sales behind Samsung Electronics Co Ltd, reported a preliminary April-June profit of 664 billion won,...

  • *Q2 op profit likely $12.1 bln vs $11.3 bln analyst estimate. SEOUL, July 7- Tech giant Samsung Electronics Co Ltd on Friday estimated a record quarterly operating profit for April-June, propelled by a memory chip boom that analysts say will continue to pad margins for the rest of 2017.. The Apple Inc smartphone rival and global memory chip leader said...

  • *Q2 op profit likely $12.1 bln vs $11.3 bln analyst estimate. SEOUL, July 7- Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins. The Apple Inc smartphone rival and global memory chip leader said...

  • SEOUL, July 7- Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins. Samsung, in a regulatory filing, said April-June profit was likely 14 trillion won, its highest ever and better than the 13.1 trillion...

  • WASHINGTON, July 6- Chipmaker Qualcomm Inc will ask the U.S. International Trade Commission to bar Apple Inc from selling some iPhones and iPads in the United States that use chips made by competitor Intel Corp on the grounds that the devices infringe on six Qualcomm patents. In a request that would broaden its legal battle with Apple, San Diego- based Qualcomm...

  • WASHINGTON, July 6- Chipmaker Qualcomm Inc will ask the U.S. International Trade Commission to bar Apple Inc from selling some iPhones and iPads in the United States that use chips made by competitor Intel Corp on the grounds that the devices infringe on six Qualcomm patents. Animosity between the two companies burst into the open in January, when the U.S. Federal...

  • The Google logo features the Eiffel Tower on the Google campus in Mountain View, CA.

    The potential fine is expected to top that 2.4 billion euro penalty.

  • BRUSSELS, July 5- EU antitrust regulators are weighing another record fine against Google over its Android mobile operating system and have set up a panel of experts to give a second opinion on the case, two people familiar with the matter said. Assuming the panel agrees with the initial case team's conclusions, it could pave the way for the European Commission to...

  • HONG KONG, July 5- Tencent Holdings, China's largest social media and gaming company, agreed on Wednesday to feature its video content on the smart TVs of China's biggest television maker TCL Corp to expand its content dominance from mobile phones to living rooms. On June 6, it invested 300 million yuan for a 7.71 per cent stake in Coocaa, a smart TV subsidiary of TCL...

  • *Thomson Reuters survey tips record $11.4 bln Q2 profit. "From the second quarter, Samsung will become No. 1 in market share due to the recent increase in data centres and demand for solid-state drives," NH Investment& Securities analyst Peter Lee wrote in a note to clients. Samsung's April-June operating profit is expected to leap 67 percent from a year earlier to...

  • *To also add NAND production line in China. SEOUL, July 4- Samsung Electronics Co Ltd said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs. It routinely invests more than $10 billion in chips annually, helping it stay...

  • *To also add NAND production line in China. SEOUL, July 4- Samsung Electronics Co Ltd said on Tuesday it plans to invest at least 21.4 trillion won in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones. The firm will also add a production line to its NAND plant in Xi'an, China, in response to booming demand for...

  • *Samsung to boost NAND production in S.Korea, China. SEOUL, July 4- Samsung Electronics Co Ltd said on Tuesday it plans to invest at least 21.4 trillion won in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones. The firm also plans to add another production line to its NAND production base in Xi'an, China, seeking to...

  • SEOUL, July 4- Samsung Electronics Co Ltd said on Tuesday it plans to invest at least 21.4 trillion won in South Korea to raise output of chips and displays, seeking to boost momentum for its booming components businesses. Samsung, in a statement, said its plan includes 14.4 trillion won for its new NAND memory plant in Pyeongtaek by 2021 to increase output, and 6...

  • SHANGHAI, July 3- China's blue-chip stocks fell in thin trading on Monday, as investors were cautious at the start of the mid-year earnings season amid lingering concerns of an economic slowdown in the second half and monetary tightening. As of June 29, 1,210 Chinese "A-share" firms had issued guidance for interim results for 2017, and 72 percent of those saw...