By Kantaro Komiya TOKYO (Reuters) -Japanese lens maker Hoya Corp on Thursday said the production of several of its products have stopped after a system failure, which was “most likely caused by unauthorised access” to its servers. Hoya said the company discovered a system discrepancy in one of its overseas offices on Saturday and confirmed …
Japanese lens maker Hoya halts production after cyberattack Read More »
By David Lawder ANCHORAGE, Alaska (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday would not rule out additional steps to protect American clean energy industries from China’s excess investment and production capacity, but declined to say whether she would raise the possibility of new tariffs in talks with Chinese officials. During a fuel stop …
SEOUL (Reuters) – SK Hynix, the world’s second-largest memory chip maker, said on Wednesday it will invest around $3.87 billion to build an advanced packaging plant and research and development facility for AI products in the U.S. state of Indiana. The new plant will include an advanced chip production line to mass-produce next-generation high bandwidth …
Nvidia supplier SK Hynix to invest $3.87 billion in US chip packaging plant Read More »
By Andrew Hayley BEIJING (Reuters) – Consolidation in China’s crowded solar power sector is pushing smaller players out of the market, but excess production capacity – with more on the way – threatens to keep global prices low for years. China accounts for 80% of solar module production capacity after years of subsidies, driving oversupply …
Analysis-China solar industry faces shakeout, but rock-bottom prices to persist Read More »
By Andrew Silver and Ludwig Burger SHANGHAI (Reuters) -A drugmaker in China has developed a biosimilar version of Novo Nordisk’s popular diabetes drug Ozempic and applied for approval to sell it there, in a potential challenge to Novo’s expansion plans in the country. Hangzhou Jiuyuan Gene Engineering said on Wednesday in a post on its …
Drugmaker seeks approval for China’s first biosimilar Ozempic Read More »
By Yelin Mo and Brenda Goh BEIJING (Reuters) -Taiwan’s biggest earthquake since 1999 is likely to cause some disruption across Asia’s semiconductor supply chain, analysts said, after chipmakers from TSMC to UMC halted some operations to inspect facilities and relocate employees. The powerful 7.2-magnitude earthquake struck Taiwan’s eastern coast near Hualien County on Wednesday morning, …
Taiwan quake to hit some chip output, disrupt Asia supply chain, analysts say Read More »
(Reuters) – Taiwan Semiconductor Manufacturing Co, the world’s biggest contract chipmaker, said on Wednesday it has suspended work at its construction sites in Taiwan as a fallout of the 7.2 magnitude earthquake. The company said it was evaluating the impact of the quake and will resume operations after inspections. (Reporting by Gursimran Kaur in Bengaluru; …
TSMC halts work at construction sites in Taiwan after earthquake Read More »
By Arsheeya Bajwa (Reuters) -Intel shares fell nearly 7% on Wednesday, as ballooning losses at its contract chip-making business signaled the company could take years to catch up with the profitability of rival Taiwan Semiconductor Manufacturing Co.. Disclosing new financials details for its foundry unit on late Tuesday, Intel said the business posted operating losses …
Intel slides as foundry business loss spotlights wide gap with rival TSMC Read More »
HONG KONG (Reuters) -Hong Kong’s retail sales rose for the 15th straight month in February boosted by continuing growth in tourism and consumption, official data showed on Wednesday. Sales in February rose 1.9% from a year earlier to HK$33.8 billion ($4.32 billion), the Hong Kong government said. That compared with 0.9% growth in January, 7.8% …
Hong Kong Feb retail sales rise 1.9% as tourism extends recovery Read More »
BEIJING (Reuters) – China’s central bank on Wednesday unveiled revisions to car loans, scrapping mandates on the lowest down payments on loans granted to borrowers buying new cars for private use. Financial institutions can independently determine the lowest down payments on personal auto loans for gasoline-engine cars and new energy vehicles (NEVs), the central bank …
China scraps mandates on down payments for personal car loans Read More »
