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Hyundai Development wins bid for Asiana stake

SEOUL: South Korean builder Hyundai Development Co said its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines and would inject over US$1.7bil into the debt-ridden carrier.

Japan’s Renesas to buy US chipmaker IDT for US$6.7bil

TOKYO: Japanese chipmaker Renesas Electronics Corp said it had agreed to buy US peer Integrated Device Technology (IDT) Inc for about US$6.7bil, aiming to boost its expertise in self-driving car technologies.

Cuba authorises sending text messages to US phones

Cuban telecommunications monopoly Etecsa authorised Cubans to send text messages to the United States, lifting a restriction which has long frustrated the population.

Expansion amid global uncertainty

GEORGE TOWN: Not all electronic and semiconductor companies in Penang are impacted by the global slowdown and are implementing retrenchment exercises.

IDT to make new generation sensors by end-2016

GEORGE TOWN: Integrated Device Technology (Malaysia) Sdn Bhd (IDT) will start the production of new generation of sensors at its newly upgraded RM20mil Bayan Lepas facility by the end of 2016.

Test equipment makers still going strong Penang manufacturers predict high sales as global demand increases

TEST equipment manufacturers in Penang are optimistic of strong sales in 2016, thanks to the growth in global demand for automotive lighting and electronic systems.

Test equipment makers still going strong

TEST equipment manufacturers in Penang are optimistic of strong sales in 2016, thanks to the growth in global demand for automotive lighting and electronic systems.

Oclaro, other component makers slide after US curbs on China's ZTE

Little-known San Jose optical-parts maker Oclaro became the face of a US ban as its shares led telecom-components makers lower over restrictions on selling components to China's ZTE Corp.

IDT buys German auto product firm for RM1.28bil

GEORGE TOWN: IDT Device Technology (M) Sdn Bhd, which has recently acquired a German maker of automotive and industrial products for US$307mil (RM1.28bil), will spend RM20mil this year to expand its analogue chip manufacturing operations in Bayan Lepas.

US stocks drp, S&P 500 posts worst day in two months

NEW YORK: U.S. stocks dropped on Tuesday, giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.