Apple supplier Japan Display secures bailout after funding shortfall
Japan Display Inc. said Friday that it has secured its ¥80 billion ($740 million) bailout package with an extra capital injection from a Chinese fund. China's Harvest Tech Investment Management Co. notified Japan Display of the decision to raise its investment from $300 million to ...
Tesla to Apple: Help us nail thief who took robocar secrets to China start-up
Tesla Inc. and Apple Inc. both suspect they were betrayed by driverless technology engineers who defected to the same Chinese startup. So Tesla is now asking for Apple's help in a lawsuit in which the electric carmaker accused an engineer who worked on its Autopilot ...
The U.S. will investigate a French plan to impose taxes on technology companies, a move that has been a prelude to new U.S. tariffs under the Trump administration. U.S. Trade Representative Robert Lighthizer will have as long as a year to examine whether the plan ...
U.S. judge blocks Qualcomm effort to put antitrust ruling on hold
A federal judge on Wednesday ruled against Qualcomm Inc.'s effort to block the implementation of a sweeping antitrust ruling against it as the mobile chip supplier pursues an appeal that could take more than a year to wind through the courts. The ruling was widely ...
Hong Kong fund to provide up to $180 million in aid to struggling Japan Display
Japan Display Inc. said Friday it will receive around $150 million to $180 million in financial aid from a Hong Kong-based fund as it scrambles to secure funds under its bailout plan. Oasis Management Co. will provide the aid unless “a major client” stops purchasing ...
Apple design chief Jony Ive, Steve Jobs' confidant, to leave tech giant and start own firm
Jonathan "Jony" Ive, a close creative collaborator with Apple Inc. co-founder Steve Jobs whose iPhone and other designs fueled Apple's rise to a $1 trillion company, will leave later this year to form an independent design company. Apple said Ive will continue work on its ...
U.S. tariffs on China-made consumer tech goods seen cutting sales and delaying upgrades
U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25 percent tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday. Trump's administration is preparing to levy tariffs on an additional $300 ...
Apple warns against China tariffs, saying iPhone and contributions to U.S. would be impacted
Apple Inc. urged the Trump administration not to proceed with tariffs of as much as 25 percent on a new slate of products imported from China, saying it would reduce the company's contribution to the U.S. economy. The Cupertino, California-based technology giant made the plea ...
Activists urge Google to break up before regulators force it to
Shareholder activists on Wednesday urged Google parent Alphabet Inc. to break itself up before regulators force the world's biggest internet ad seller to split into different pieces. SumOfUs, a U.S.-based group that aims to curb the growing power of corporations, presented the proposal at Alphabet's ...
Apple is considering providing aid to struggling Japan Display, WSJ reports
Apple Inc. has shown a willingness to help its cash-strapped supplier Japan Display Inc., The Wall Street Journal reported Tuesday. While Apple has agreed to loosen the repayment terms for its loans extended to Japan Display, the U.S. tech giant may also consider waiving some ...
How cryptocurrencies can replace other pay options
Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money. The new digital currency will be overseen by a nonprofit association and backed with real assets to serve as a reliable, stable form of globally accepted ...
