Tuesday, November 26, 2024

Sandra Nath, Senior Contributor

666 POSTS

Toshiba plans to split into three after wave of scandals

Toshiba Corp (6502.T) announced plans to split into three entities on Friday in an attempt to placate dissident shareholders who have demanded a fundamental...

Biden signs legislation to tighten U.S. restrictions on Huawei, ZTE

On Thursday, US President Joe Biden signed legislation prohibiting businesses like Huawei Technologies Co (HWT.UL) and ZTE Corp (000063. SZ) from acquiring new equipment...

Chinese chipmaker says top executive, board members, quit

Semiconductor Manufacturing International Corp (0981. HK), China's largest chipmaker, announced that its vice-chairman has resigned less than a year after taking the position. Chiang joined...

Toshiba set to announce split into three firms, shareholder reaction in focus

Toshiba Corp (6502.T), a Japanese industrial behemoth, is expected to announce plans on Friday to split into three publicly traded firms focused on infrastructure,...

No takers for Malaysia’s 5G plan as major telcos balk over pricing, transparency

Due to transparency and pricing concerns, none of Malaysia's major mobile carriers have consented to utilize the government's 5G network ahead of a planned...

Bumble marks first user growth decline since IPO on COVID-19 hit

Bumble Inc (BMBL.O) saw its first sequential fall in user growth since going public in February, as new pandemic limitations stifled demand in several...

Sony cuts PlayStation 5 production outlook due to component snag

According to Bloomberg News, Sony Group Corp (6758.T) has lowered its PlayStation 5 manufacturing forecast for this fiscal year due to component and logistics...

Disney wants to become the happiest place in the metaverse

Mickey Mouse is getting ready to enter the metaverse. Bob Chapek, the CEO of Walt Disney (DIS.N), said the entertainment group is poised to take...

DoorDash to charge up growth with $8 billion deal for Europe’s Wolt

As the largest U.S. food delivery company expands into Europe, DoorDash Inc (DASH.N) announced on Tuesday that it will buy Wolt Enterprises OY, based...

TSMC, Sony to invest $7 bln for new Japanese chip plant

The Japanese government welcomed Taiwan Semiconductor Manufacturing Co (2330. TW) (TSMCannouncement )'s on Tuesday that it would establish a $7 billion chip facility in...

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