NEWSWORTHY

Business / Corporate Oct 2, 2018

Sharp acquires Toshiba unit to re-enter PC business

Sharp Corp. has completed its acquisition of Toshiba Corp.'s personal computer business, marking a return to the PC business after pulling out eight years ago. Aiming to nurture the PC operation as a new revenue source, Sharp will take over Toshiba's high-profile Dynabook brand and ...

Struggling GE ousts John Flannery as CEO

Business Oct 2, 2018

Struggling GE ousts John Flannery as CEO

General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...

Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion

Business / Corporate Sep 11, 2018

Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion

Chipmaker Renesas Electronics Corp. said Tuesday it has agreed to buy U.S. peer Integrated Device Technology Inc. for about $6.7 billion (¥747 billion), aiming to boost its expertise in self-driving car technologies. The deal allows Renesas, second only to NXP Semiconductors NV in chips used ...

Sharp plans to halt domestic production of major appliances

Business / Corporate Aug 3, 2018

Sharp plans to halt domestic production of major appliances

Sharp Corp. plans to pull out from domestic production of major appliances and shift to overseas manufacturing as part of streamlining efforts under Taiwanese parent Hon Hai Precision Industry Co., a source said Friday. With the move, the Osaka Prefecture-based company will draw the curtain ...