NEWSWORTHY
Daniel Loeb's Third Point hedge fund building a stake to pressure Sony, sources say
Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp. to push for changes, the second time in six years it has targeted the electronics maker, according to sources familiar with the matter. Once a market leader in consumer electronics, Sony ...
LCD maker Japan Display reaches bailout deal with China-Taiwan consortium
Display panel maker Japan Display Inc. has reached a broad agreement to receive a capital injection of ¥60 billion ($538 million) to ¥80 billion from a Chinese-Taiwanese consortium, a source close to the matter said Wednesday. The company, known as JDI, is a key supplier ...
Yodobashi to buy outdoor goods shop operator ICI Ishii-Sports
Major electronics retailer Yodobashi Holdings said Wednesday it will acquire outdoor goods shop operator ICI Ishii-Sports as early as the end of this month. The operator of Yodobashi Camera stores will buy all outstanding shares in ICI Ishii-Sports including those held by investment fund Advantage ...
Sony chairman, who keyed firm's turnaround with bet on PlayStation and image sensors, to retire
Sony Corp. Chairman Kazuo Hirai, the architect of a turnaround at the once-dominant electronics giant, will retire in June after spending more than three decades at the company. The 58-year-old, who ceded the role of chief executive officer to Kenichiro Yoshida in April 2018, will ...
Aided by Japan's DBJ, Toshiba Memory plans to go public from September, sources say
Toshiba Memory Corp. plans to go public as soon as September, aided by some ¥300 billion ($2.7 billion) in planned investment from the state-backed Development Bank of Japan (DBJ), sources close to the matter said Thursday. Toshiba Memory, a former chip unit of Toshiba Corp. ...
Sony plans ¥100 billion buyback, its biggest ever, in wake of poor forecast and steep share drop
The electronics maker’s first large-scale repurchase accounts for 2.4 percent of its stock and comes on the heels of SoftBank’s ¥600 billion buyback and a steep share drop.
Japan's K supercomputer, once the world's fastest, to retire in August
K, the first supercomputer to achieve a computing speed of over 10 quadrillion computations per second is set to end operations after seven years, to give way to a cutting-edge successor.
Japan's embattled Pioneer wins shareholder approval for capital injection from new Hong Kong owners
Shareholders of auto electronics-maker Pioneer Corp. approved Friday a capital injection of around ¥102 billion ($930 million) from a Hong Kong-based private equity fund. The struggling company will become fully owned by Baring Private Equity Asia as early as March, with its shares likely to ...
Japanese electronics firms look to re-engineer their design mojo
Akihiro Adachi, a 31-year-old audiovisual equipment designer at Panasonic Corp., longed for some personal space during his lengthy train rides from Osaka to Tokyo. So when his company set out to encourage innovation, he joined with some colleagues and came up with Wear Space, ...
Beijing to revise 'Made in China 2025' tech plan, WSJ reports
China plans to give foreign companies greater access to its economy and is drafting a replacement of its plan to dominate advanced technologies by 2025, the Wall Street Journal reported Wednesday, citing sources briefed on the strategy. Beijing's changes might be seen by some as ...
Inside Huawei's secret research HQ, China is shaping a future that's less reliant on U.S. tech
The surprise arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co., has thrust the company into a political firestorm and deepened a core threat: that more and more countries will blacklist its switches, routers and phones out of growing concern that they ...
