Mitsubishi Electric chief to resign over firm's decades of 'organizational misconduct'
President Takeshi Sugiyama will quit after the Japanese electronics conglomerate found it had cheated on inspections for air conditioners and compressors for train use.
Taiwan aims to keep chip production humming as COVID-19 spreads
Taiwan’s government has pledged to try to keep the world supplied with chips even as COVID-19 cases escalate, while anticipating a limited impact from its worst outbreak so far. If only domestic consumption is hit and the outbreak ends by June 30, gross domestic product ...
South Korea's trade fight threatens serious long-term harm to Japan
Businesses in South Korea may someday thank Shinzo Abe for forcing them to develop their own ways to get strategic supplies.
Japan's manufacturers have started moving production out of China because they fear the deadly coronavirus outbreak could prolong plant closures and wreak more havoc on their supply chains. Reallocating production outside of China means a temporary surge in costs and is not an easy decision ...
Toshiba CEO Nobuaki Kurumatani to be given additional title of president in April
Toshiba Corp. Chief Executive Officer Nobuaki Kurumatani will add the title of president effective April, part of a revamp among top management aimed at speeding up decision-making. Satoshi Tsunakawa, the current president who was promoted in 2016 following an accounting scandal, will resign and become ...
Sony cranking out image sensors round the clock to meet smartphone-fueled demand
Sony Corp. is working around the clock to manufacture its in-demand image sensors, but even a 24-hour operation hasn't been enough. For the second straight year, the company will run its chip factories constantly through the holidays to try and keep up with demand for ...
Toshiba posts ¥145 billion net loss in first half of fiscal year
Toshiba Corp. reported a net loss Wednesday of ¥145.15 billion ($1.3 billion) for the April-September period, due in part to taking a loss on the sale of a U.S. liquefied natural gas operation. The company's net loss compares with a profit of ¥1.08 trillion reported ...
Sharp sees net profit fall 33.1% in April-September, attributes decline to weak TV sales
Sharp Corp. said Friday its group net profit in the April-September period fell 33.1 percent from a year earlier to ¥27.40 billion ($254 million), due to weak TV sales in overseas markets. Consolidated operating profit dropped 21.4 percent from a year earlier to ¥36.96 billion ...
Japan Display to receive faster payments from Apple as additional financial support
Japan Display Inc. said Wednesday it will receive further financial support from Apple Inc. and other clients, as part of efforts to quell concerns over its financing arrangements. The ailing display maker said the U.S. tech giant will speed up payments to Japan Display for ...
Japan Display might crank out next-gen OLEDs at Ishikawa plant, Lee says
Japan Display Inc. is exploring the idea of mass producing next-generation organic electroluminescent panels for smartphones at a domestic plant, the CEO of a China-Hong Kong consortium bailing out the troubled Apple Inc. supplier says. Winston Lee, CEO of Suwa Investment Holdings LLC, said making ...
Chinese manufacturers eager to ink OLED panel tie-up with struggling Japan Display
Several Chinese manufacturers are interested in tying up with Japan Display Inc. to mass produce next-generation OLED panels for smartphones, a consortium that has agreed to bail out the troubled Apple Inc. supplier says. "As an independent Japanese company with a recognized leading technology, you ...
Japan releases second batch of high-tech material to South Korea, sources say
Japan has approved shipments of the material to South Korea for the second time since imposing tighter export restrictions last month, sources said Tuesday.
