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Renesas to receive up to 200 bil. yen bailout

December 10, 2012 10:47 am | by The Associated Press | News | Comments

Struggling Japanese chipmaker Renesas Electronics Corp. said Monday it will receive up to 200 billion yen in aid from a government-backed fund and private-sector firms to turn its faltering business around.

Nintendo's new Wii U game console hits shelves in Japan

December 10, 2012 10:40 am | by The Associated Press | News | Comments

Nintendo Co. on Saturday launched its new Wii U game console in Japan, aiming to stage a comeback in a gaming market characterized by the rapid growth of mobile phone-based social games. With the launch of the successor to its video game console Wii launched in 2006, the Japanese game console and software maker seeks to turn its business around.

Eyelit’s Software Selected by TowerJazz for Wafer Fab in Japan

December 7, 2012 1:01 pm | by The Associated Press | News | Comments

Eyelit Inc., a manufacturing software provider for the aerospace & defense, discrete electronics, semiconductor, and photovoltaic industries, announced that TowerJazz, one of the world’s largest pure-play semiconductor foundries has selected the Eyelit Semiconductor Edition MES suite to be used in the fab of its subsidiary TowerJazz Japan, Ltd.

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CyberLink introduces advanced software for creative consumers

December 6, 2012 12:23 pm | by The Associated Press | News | Comments

CyberLink Corp. (5203.TW), an innovative solutions provider for media creativity, today launched PowerProducer 6, a new standard for Blu-ray and DVD disc authoring. PowerProducer 6 provides home users with a comprehensive disc authoring solution with support for the latest and most popular media formats...

Major Renesas shareholders decide on restructuring

December 6, 2012 12:20 pm | by The Associated Press | News | Comments

Three major shareholders of Renesas Electronics Corp. have decided on specific measures to turn around the Japanese chipmaker, with Mitsubishi Electric Corp. accepting around 300 employees, sources close to the matter said Thursday.

Kansai Electric seeks to skip summer bonus payments

December 6, 2012 12:17 pm | by The Associated Press | News | Comments

Kansai Electric Power Co. has proposed skipping next summer's bonus payments and conducting a 5 percent pay-scale cut to the labor union for its management rationalization plan as the utility seeks to raise electricity charges, company officials said Thursday.

Consumers across Asia actively engage in social networking

December 6, 2012 11:51 am | by The GFK Group | News | Comments

New research from GfK shows that 23 percent of today’s most digitally savvy people live in the Asia Pacific region. These ‘Super Connected’ APAC consumers are distinguished by unusually high engagement with social media – global sites such as Facebook and LinkedIn, as well as regional networks. 

M'bishi, GS Yuasa to supply battery system for Chile power plant

December 5, 2012 11:26 am | by The Associated Press | News | Comments

Mitsubishi Corp. and GS Yuasa International Ltd. said Wednesday they will jointly supply lithium-ion battery equipment with a maximum output of 20 megawatts for use at a new coal-fired power plant in northern Chile.

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STMicroelectronics announces winners of 2012 iNEMO Design Contest in China

December 4, 2012 10:03 am | by STMicroelectronics | News | Comments

STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications and the world’s top manufacturer of MEMS announced Dragon Dance Team from Xidian University as the winner of the 2012 iNEMO Design Contest in China.

Descartes signs first service provider agreement for Japan Customs

December 4, 2012 9:55 am | by NACCS | News | Comments

Descartes Systems Group, the global leader in the global leader in uniting logistics-intensive businesses in commerce, announced it is the first service provider to sign an agreement with Nippon Automated Cargo and Port Consolidated System, Inc. (NACCS Center) to electronically file customs documents to Japan Customs...

China's dot-com darlings tap cheap global credit

December 3, 2012 4:02 pm | by Umesh Desai and Pete Sweeney, Reuters | News | Comments

Chinese search engine company Baidu Inc paid a lower interest rate than Google Inc when it sold $750 million in 10-year bonds last month. China's three dominant dot-com names - Baidu, Alibaba and Tencent Holdings Ltd - have successfully tapped global funding this year....

Nuclear-Fukushima update

December 3, 2012 10:41 am | by The Associated Press | News | Comments

Tokyo Electric Power Co. and the government said Monday they will seek to complete the removal of all fuel assemblies inside the No. 4 unit of the crippled Fukushima Daiichi nuclear plant by the end of 2014, a year earlier than initially planned.

Foreign competition prods Mitsubishi, Hitachi to merge

November 30, 2012 11:50 am | by The Associated Press | News | Comments

The move by Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to merge their non-nuclear thermal power businesses, announced Thursday, comes as the firms face increasing competition from foreign rivals for orders in the domestic market.

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Japan output update

November 30, 2012 11:36 am | by The Associated Press | News | Comments

Japan's industrial production grew 1.8 percent in October from the previous month for the first rise in four months, largely helped by demand from Asian countries for parts used in smartphones, the industry ministry said in a preliminary report issued Friday.

Another suit filed against Kansai Electric

November 30, 2012 11:31 am | by The Associated Press | News | Comments

A group of 154 people in Fukui and other prefectures filed on Friday a lawsuit seeking suspension of the Oi nuclear power plant, contending Kansai Electric Power Co. resumed the operation of two reactors there while their safety has yet to be guaranteed.

NEC eyes acquiring U.S. storage maker of electric vehicle batteries

November 29, 2012 11:41 am | by The Associated Press | News | Comments

NEC Corp. is considering acquiring part of U.S. battery maker A123 Systems Inc. to obtain the large storage battery technology for the so-called smart grid next-generation power transmission network business, sources familiar with the matter said Thursday.

Toyota takes wraps off all-new RAV4 SUV at LA Auto Show

November 29, 2012 11:35 am | by The Associated Press | News | Comments

Toyota Motor Corp. took the wraps off the all-new RAV4 at the Los Angeles Auto Show on Wednesday, in the hope of increasing sales in the booming sports utility vehicle segment of the North American market.

1,100 seek suspension of Oi nuclear plant

November 29, 2012 11:28 am | by The Associated Press | News | Comments

A group of around 1,100 people filed a lawsuit Thursday seeking the suspension of Kansai Electric Power Co.'s Oi nuclear power plant in Fukui Prefecture, arguing it will cause irrevocable damage if an accident occurs.

'Something wrong' in TEPCO's safety culture

November 28, 2012 9:59 am | by The Associated Press | News | Comments

The chief of Japan's nuclear regulatory authority on Wednesday suggested that Tokyo Electric Power Co. needs to improve its safety culture if it wants to resume its idled reactors, touching on a series of problems seen before the nuclear crisis at the Fukushima Daiichi complex last year.

Mega solar plant to be set up at airport site in Makurazaki, Kagoshima

November 27, 2012 10:06 am | by The Associated Press | News | Comments

The municipal government of Makurazaki, Kagoshima Prefecture, said Tuesday it will build a mega solar power plant after demolishing a local airport next March in the first such use of an airport site in Japan.

Seven & I to offer free Internet connection

November 27, 2012 10:02 am | by The Associated Press | News | Comments

Seven & I Holdings Co. said Tuesday it will offer free Wi-Fi Internet connection service at its around 10,000 retail outlets, including Seven-Eleven convenience stores and Ito-Yokado supermarkets, from Saturday.

Fujitsu to start cloud service to check dogs' health

November 27, 2012 10:00 am | by The Associated Press | News | Comments

Fujitsu Ltd. said Tuesday it will launch a cloud computing health management service for dogs on Wednesday, using a pedometer that can be attached to a dog collar. The data collected through the pedometer, called "Wandant," can be analyzed via personal computer or smartphone, allowing dog owners to monitor...

Southeast Asia’s key technical consumer goods markets

November 26, 2012 10:40 am | by GFK | News | Comments

The developing markets of Indonesia and Malaysia continue to turn in strong results in their technical consumer goods (TCG) sector consecutively quarters after quarters. Along with Thailand, these three countries are the three strongest performing markets across Southeast Asia in the third quarter...

Fitch cuts ratings on Sony, Panasonic to speculative levels

November 26, 2012 10:29 am | by The Associated Press | News | Comments

Fitch Ratings said Thursday it has downgraded long-term issuer ratings on Sony Corp. and Panasonic Corp., citing weakness in their core electronics operations. The rating agency downgraded Sony's rating by three notches to BB-minus from BBB-minus, saying Sony's "meaningful recovery will be slow...

Kyushu Electric eyes 8.5% raise in household electricity rates

November 26, 2012 10:24 am | by The Associated Press | News | Comments

Kyushu Electric Power Co. is considering increasing household electricity charges by an average of 8.5 percent from next April, its first rate hike since 1980, sources close to the matter said Friday. The proposed hike comes after the utility posted a record group net loss of 149.5 billion yen in the first April-September first half of fiscal 2012...

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