Indonesia and South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle battery investment deal, the head of Indonesia’s Investment Coordinating Board said on...
LG Electronics, Magna to set up $1 billion JV to make electric car gear
South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture (JV) with automotive supplier Magna International Inc. The JV, tentatively called LG Magna e-Powertrain, will...
Vivo, ZEISS form global partnership for mobile imaging
Chinese handset maker Vivo on Thursday said it has formed a long-term strategic partnership with optical solutions firm Zeiss to jointly promote and develop innovations in mobile imaging technology. The first...
Hitachi to sell overseas home appliance biz to Turkey’s Arcelik – Nikkei
Japan’s Hitachi Ltd plans to sell a 60% stake in its overseas home appliance business to Turkish consumer electronics maker Arcelik AS for about $300 million, and jointly operate the business, the Nikkei newspaper said...
Austria’s AMS to put Osram’s Digital Systems up for sale -sources
Austrian sensor maker AMS is putting German lighting group Osram’s Digital Systems unit up for sale as it takes full control of the company, people close to the matter said. AMS bought Osram for 4.6 billion euros last...
Electronics design firm Syrma to merge with SGS Tekniks to create Rs 1,200-cr entity
Syrma Technology and SGS Tekniks on Wednesday announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation...
Huawei to sell phone unit for $15 billion to Shenzhen government, Digital China, others – sources
Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with...
Micromax ties up with MediaTek for designing, development of “in” smartphones
Homegrown phone vendor Micromax on Wednesday said it has partnered with Taiwanese chipset maker MediaTek to design and develop smartphones for its new “in” brand. Earlier this month, Micromax announced its...
Videocon insolvency: Dhoot family offers to pay ₹30,000 crore to lenders
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...
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...
