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(Reuters) -Chipmaker Qualcomm Inc said on Thursday it had offered to buy Swedish auto parts maker Veoneer Inc for $4.6 billion, an 18.4% premium to a bid in July by Canada's Magna International Inc that was accepted by Veoneer's board.
PETALING JAYA: To alleviate the burden of resource-strapped Covid-19 hospitals in the Klang Valley red zones, the MCA Crisis Relief Squad (CRSM) through its GoCare platform seeks to raise RM300,000 to buy urgently needed emergency supplies.
SHANGHAI: China shares fell on Thursday, as investors took cues from state media reports to dump online gaming companies, fertilizer producers and spirit makers, worried these sectors could be the next target of a government crackdown.
TAIPEI (Reuters) -Foxconn said on Thursday it has bought a chip plant from Taiwan chipmaker Macronix International for T$2.52 billion ($90.8 million), as the electronics giant looks to make auto chips amid its foray into the electric vehicle (EV) market.
HONG KONG: Asian shares mostly held onto this week's gains on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve that boosted the dollar while weighing on risk appetite.
KUALA LUMPUR: Hong Leong Bank and Petronas Chemicals underpinned the FBM KLCI’s mild rebound early Thursday amid the volatile political landscape but the index continued to remain below the new normal of 1,500.
NEW YORK: U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
PETALING JAYA: TA Securities Research remains bullish on the semiconductor sector, premised on the robust demand for chips underpinned by the ongoing acceleration in digitalisation.
Momentum builds in tech giant for leader’s parole