To settle the outstanding loans and pull out 13 Videocon group firms from the insolvency proceedings, the Dhoot family has offered to pay ₹30,000 crore to lenders. Now, a proposal for paying the amount has been...
Electronics
Huawei, other Chinese tech firms raise concerns on Nvidia’s Arm deal: Bloomberg News
Huawei Technologies Co and several other Chinese tech firms have raised concerns to local regulators about chipmaker Nvidia Corp’s deal to buy UK-based chip designer Arm Ltd, Bloomberg News reported on Tuesday...
Intel agrees to sell storage unit to SK Hynix $9 billion
Intel Corp. agreed to sell its Nand memory unit to South Korea’s SK Hynix Inc. for about $9 billion, part of a broader effort by the U.S. chipmaker to concentrate on its main business. The Asian memory chipmaker said in...
Huawei in talks to sell parts of its Honor smartphone business – sources
Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge...
Sharp signs licensing deal with Daimler after winning patent lawsuit
Japan’s Sharp Corp said on Wednesday it has signed a licensing agreement with Daimler as it settled a patent infringement lawsuit against the German automaker over in-vehicle mobile communications technology. The...
Japanese chipmaker Kioxia shelves $3.2 billion IPO amid U.S.-China tensions
Kioxia Holdings Corp, the world’s second-largest maker of flash memory chips, on Monday shelved plans for what would have been Japan’s largest initial public offering (IPO) this year, as U.S-China tensions cloud the...
Apple buys startup that creates radio-like stations for podcasts
Apple Inc. acquired a startup that makes listening to podcasts more like tuning into radio stations, seeking to improve its service amid growing competition from Spotify Technology SA. The Cupertino, California-based...
Britain assessing impact of sale of Arm to Nvidia – minister
Britain is assessing the impact of the sale of chip designer Arm to U.S. company Nvidia, including commitments to keep its head office and staff in Cambridge, Eastern England, digital minister Caroline Dinenage said...
Nvidia buys SoftBank’s arm in record $40 billion chip deal
Nvidia Corp. said it agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used electronics technology in the semiconductor industry’s largest-ever deal...
Samsung heir charged with fraud over 2015 merger
South Korean prosecutors indicted the Samsung Group’s Jay Y Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s...
Taiwan-based Apple supplier Catcher to sell two divisions to China’s Lens for $1.4 billion
Taiwan-based Catcher Technology, a supplier to Apple Inc, has agreed to sell two units from its Lyra International division in China to Hunan-based Lens Technology Co for $1.43 billion, a company filing showed...
Videocon lenders to seek better offers before last call on liquidation
The lenders to consumer goods to oil firms, Videocon Industries, have decided to wait to get a better bid for the company before taking a final call on liquidation. The committee of creditors (CoC), which met on Friday...
