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Business

Samsung to invest US$14.7bil in new S.Korea chip facility

SEOUL: Samsung Electronics Co Ltd plans to invest US$14.7 billion to construct a new chip production plant in South Korea, a major bet on its semiconductor business amid a smartphone earnings slump.

Business

Panasonic, which makes chips in M'sia, to slash production worldwide

TOKYO: Panasonic Corp plans to dramatically cut back on chipmaking, slashing the business's 14,000-strong workforce by half and possibly selling some plants, the Nikkei said. Panasonic has chip production plants in Japan's Toyama and Niigata prefectures, as well as in China, Indonesia, Malaysia and Singapore, the Nikkei said.

Technology

Samsung to invest RM12bil in US plant to make more mobile chips

Samsung to renovate an existing chip producing line and boost production of system chips.

Business

Samsung to invest $4 bln in U.S. plant to make more mobile chips

SEOUL: Samsung Electronics Co 005930.KSsaid on Tuesday it will spend about $4 billion at its chip plant in Austin, Texas, to renovate an existing chip producing line and boost production of system chips, widely used in popular smartphones and tablets.

Business

Toshiba to cut memory chip production by 30%

TOKYO: Japan's leading chipmaker Toshiba Corp said on Tuesday it will cut production of NAND flash memory chips by 30 percent, underscoring the challenging supply conditions in the chip market and knocking its shares.

Technology

Samsung chips away at Intel lead

Samsung Electronics is taking the fight to Intel Corp for the No 1 slot in semiconductors.

Business

Malaysia's LED manufacturers expand production to meet global demand

GEORGE TOWN: Light-emitting diode (LED) product companies in the country are either expanding or manufacturing new LED test equipment and high brightness modules this year, as the global demand for LED is rising.

Business

Samsung’s big loss on Apple order

SEOUL: Shares in Samsung Electronics Co slumped more than 6% yesterday, wiping US$10bil off the electronics giant’s market value, on a report that Apple placed huge chip orders with troubled Japanese chip rival Elpida.       

Business

Chip sector seen recovering in second quarter

GEORGE TOWN: The demand for semiconductor products is expected to improve in the second quarter, driven primarily by smartphone and tablet markets and a struggling-to-recover US economy.

Business

ACI signs JV with Sabah Softwoods to set up RM50mil fertiliser plant

KUALA LUMPUR: All Cosmos Industries Sdn Bhd (ACI) has signed a strategic joint-venture partnership with Sabah Softwoods Bhd to set up Sabah's first bio-organic fertiliser manufacturing plant.