• ALL DEALS
    Foxconn Plans US Display Plant for Over $10 Billion, Scouting for Location

    HIGHLIGHTS Foxconn is currently considering Wisconsin, Ohio, and others The company plans to invest more than $10 billion in a plant in the US Foxconn already has operations in Pennsylvania Foxconn, the world’s largest contract electronics maker and a major Apple supplier, plans to invest more than $10 billion (roughly Rs. 64,588 crores) in a display-making factory […]

  • COMPUTERS
    HPE to Buy Nimble Storage for $1.09 Billion

    Hewlett Packard Enterprise Co said it would buy data storage provider Nimble Storage Inc for $1.09 billion (roughly Rs. 7,272 crores) in cash, to expand its presence in the fast-growing flash storage business. HPE Chief Executive Officer Meg Whitman has been focusing on a few areas such as networking, storage and technology services since the […]

  • ALL DEALS
    Amazon Pumping Nearly $1.5 Billion Into US Air Freight Hub

    Online retail colossus Amazon on Tuesday said it will strengthen its distribution muscle, and create US jobs, by building its first air freight hub, an investment of nearly $1.5 billion. A hub for the company’s growing fleet of Prime Air cargo planes will be built at an airport in northern Kentucky, adding more than 2,000 […]

  • COUPONS
    Samsung to Buy Harman for About $8 Billion in Cash

    Samsung to Buy Harman for About $8 Billion in Cash Samsung Electronics said Monday it would buy US auto parts maker Harman International Industries for $8 billion (roughly Rs. 54,107 crores) in a bid to enter the growing market for automotive technology to produce “connected” cars. Board members of Samsung – the world’s largest producer […]

  • ELECTRONICS
    China’s $100 Billion Chip Supremacy Bid Deemed Unrealistic

    HIGHLIGHTS China wants to become premier supplier of semiconductors to the planet Part of a broader effort to wean itself off foreign technology China currently makes just 15 percent of the semiconductors it consumes China faces an uphill battle in its push to become the global leader in computer chips because of a lack of […]

  • ALL DEALS
    Japan’s Renesas to Buy US Chipmaker Intersil for $3.2 Billion

    Japan’s Renesas to Buy US Chipmaker Intersil for $3.2 Billion Japan’s Renesas Electronics will buy smaller US chipmaker Intersil for $3.2 billion (roughly Rs. 21,392 crores), the companies said Tuesday, as part of a push into the lucrative auto market. Renesas, one of the world’s biggest supplier of automotive microcontroller chips, said it would pay […]

  • ELECTRONICS
    Japan’s Renesas to Buy US Chipmaker Intersil for $3.2 Billion

    Japan’s Renesas Electronics will buy smaller US chipmaker Intersil for $3.2 billion (roughly Rs. 21,392 crores), the companies said Tuesday, as part of a push into the lucrative auto market. Renesas, one of the world’s biggest supplier of automotive microcontroller chips, said it would pay $22.50 a share for its rival, in an all-cash deal […]

  • ELECTRONICS
    Foxconn Finally Seals Sharp Takeover Deal for $3.5 Billion

    Taiwan’s tech giant Hon Hai said Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth JPY 389 billion ($3.5 billion or roughly Rs. 23,222 crores). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying […]

  • COMPUTERS
    Apple Says It Has Over 1 Billion Active Devices Worldwide

    Apple raised the specter of the end of a technological era after reporting Tuesday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come. The California technology colossus said it expects to see its first decline in iPhone sales in the current quarter, when it will be compared […]