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Renesas to halt six plants in Japan for up to two months

Business / Corporate Mar 8, 2019

Renesas to halt six plants in Japan for up to two months

Major Japanese chipmaker Renesas Electronics Corp. will halt six domestic plants for up to two months due to China's economic slowdown, informed sources have said. The Chinese slowdown has dented demand for semiconductors for industrial machinery and consumer electronics, according to the sources. The six factories, ...

Singapore's Grab raises $1.5 billion from SoftBank fund

Business / Corporate Mar 6, 2019

Singapore's Grab raises $1.5 billion from SoftBank fund

Leading Southeast Asian ride-hailing provider Grab raised about $1.5 billion from SoftBank Group Corp.'s Vision Fund, bankrolling its effort to expand into new services across the region. The funding brings the amount of money the company has collected from investors in the past year to ...

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