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Taiwan probes insider trading in chip takeover

May 3, 2013 11:22 am | by The Associated Press | News | Comments

Prosecutors are probing alleged insider trading connected to a $3.8 billion takeover of a Taiwan chip design company. Prosecutor Huang Mou-hsin said late Thursday that just before MediaTek's board approved a deal to buy its main rival MStar Semiconductor last June, four officials from the two companies bought shares of MStar.

B787 1st test flight in Japan since battery fire

April 29, 2013 10:29 am | by The Associated Press | News | Comments

Japan's All Nippon Airways has successfully conducted its first test flight of the Boeing 787 aircraft since battery problems grounded the planes earlier this year. Ray Conner, president of Boeing's consumer airline division, and ANA President Shinichiro Ito were aboard the flight Sunday.

TEPCO gears up to restart reactors by self-developing equipment

April 25, 2013 10:09 am | by The Associated Press | News | Comments

Tokyo Electric Power Co. will equip its idled nuclear reactors with filtered venting systems developed on its own as part of its efforts to swiftly seek their restart, company sources said Thursday. Japanese utilities are trying to install the system because it will become one of the new safety requirements for reactors...


IAEA: Japan nuke cleanup may take more than 40 yrs

April 22, 2013 10:28 am | by MARI YAMAGUCHI, Associated Press | News | Comments

A U.N. nuclear watchdog team said Japan may need longer than the projected 40 years to decommission its tsunami-crippled nuclear plant and urged its operator to improve plant stability. The head of the International Atomic Energy Agency team said that damage at the Fukushima Dai-ichi plant is so complex that it is "impossible" to predict...

STMicroelectronics powers advanced generation of smart IPTV

April 22, 2013 10:24 am | by STMicroelectronics | News | Comments

STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications and a top supplier of set-top box ICs, has revealed that its Orly system-on-chip is powering a new generation of advanced set-top boxes from NTT Plala, a leading Internet / IPTV service provider in Japan.

Utility to finish upgrading safety of 2 online reactors

April 18, 2013 12:27 pm | by The Associated Press | News | Comments

Kansai Electric Power Co. said in a report submitted to regulators Thursday it will finish necessary preparations by the end of June to make its two reactors meet new safety requirements coming into force the following month. If the Nuclear Regulation Authority acknowledges that the No. 3 and 4 reactors at the Oi plant have no serious safety problems...

Nuclear plant halt to increase Japan's fuel costs

April 17, 2013 11:54 am | by The Associated Press | News | Comments

The Ministry of Economy, Trade and Industry has estimated that Japan's nuclear plant suspension may boost power generation fuel costs at nine utilities in fiscal 2013 by 3.8 trillion yen, ministry officials said. The extra fuel costs for non-nuclear thermal power generation replacing nuclear power output in the year to March 2014 are higher than the 3.1 trillion yen...

Operator of LCD plant in Osaka falls into the red

April 16, 2013 10:28 am | by The Associated Press | News | Comments

The operator of a liquid crystal display plant in Sakai, Osaka Prefecture, that is jointly managed by struggling Japanese electronics maker Sharp Corp. and Taiwanese business partner Hon Hai Precision Industry Co., reported Monday a 7.4 billion yen net loss for the April-December period.


Kansai Electric expects online reactors to meet new requirements

April 16, 2013 10:23 am | by The Associated Press | News | Comments

 Kansai Electric Power Co. plans to report that the only two nuclear reactors now in operation in Japan can meet new safety requirements coming into force in July, sources close to the matter said Tuesday. If the Nuclear Regulation Authority acknowledges that the No. 3 and 4 reactors at the Oi plant...

Mitsubishi eyes emerging countries for space satellite orders

April 15, 2013 11:41 am | by The Associated Press | News | Comments

Mitsubishi Electric Corp. unveiled Friday its space satellite manufacturing factory that would double its production capacity to eight per year, eyeing emerging economies such as Southeast Asian countries as potential markets. The six-story plant with floors stretching 7,820 square meters is built adjacent to the company's existing production facility...

Precarious Japan nuke plant raises safety concerns

April 10, 2013 11:49 am | by The Associated Press | News | Comments

Recent problems at Japan's crippled nuclear power plant are highlighting its precarious state two years after it was damaged by a massive earthquake and tsunami. Nuclear Regulation Authority Chairman Shunichi Tanaka says the plant, which relies on makeshift cooling systems for its broken reactors, remains highly vulnerable.

Japan increasingly nervous about North Korea nukes

April 8, 2013 10:29 am | by ERIC TALMADGE, Associated Press | News | Comments

It's easy to write off North Korea's threats to strike the United States with a nuclear-tipped missile as bluster: it has never demonstrated the capability to deploy a missile that could reach the Pacific island of Guam, let alone the mainland U.S.

Nuclear-Fukushima Update

April 8, 2013 10:25 am | by The Associated Press | News | Comments

Tokyo Electric Power Co. said Sunday up to 3 liters of radioactive water has leaked from a second underground storage tank at the crippled Fukushima Daiichi power plant. Following the latest series of problems at the nuclear plant, the utility set up an emergency task force headed by its President Naomi Hirose.


Power restored to Japan nuke plant cooling system

April 5, 2013 10:06 am | by YURI KAGEYAMA, AP Business Writer | News | Comments

Power was restored Friday to a cooling system at a tsunami-damaged nuclear plant in Japan that failed for the second time in a month after an outage caused by construction work to keep out rats suspected of setting off the earlier blackout.

Kyushu Electric Update

April 4, 2013 12:09 pm | by The Associated Press | News | Comments

Kyushu Electric Power Co. said Thursday it will launch a geothermal power generation project in Indonesia with trading house Itochu Corp. This marks the first overseas geothermal power generation project by a Japanese electric power company.

Japan to set frequency limit for serious nuclear accidents

April 3, 2013 12:08 pm | by The Associated Press | News | Comments

The Nuclear Regulation Authority said Wednesday it plans to set a frequency limit for accidents resulting in large releases of radioactive substances of below one every million years per reactor. The NRA has been discussing nuclear safety goals, saying it is important to be aware of the risks that will remain once planned measures are implemented...

Sharp to raise 100 bil. yen via new share offering

April 2, 2013 11:14 am | by The Associated Press | News | Comments

Struggling Japanese electronics maker Sharp Corp. plans to raise about 100 billion yen through a public stock offering to repay part of 200 billion yen in convertible debt due in September, sources close to the matter said Tuesday.

Reactor-scrapping research facility to be built in Fukushima

April 2, 2013 11:09 am | by The Associated Press | News | Comments

The Japanese government said Tuesday it will build a research facility for decommissioning reactors at the Fukushima Daiichi power plant in the town of Naraha, some 25 kilometers south of the crippled nuclear power plant.

Apple issues apology in China over service policies, but state media attacks seen backfiring

April 1, 2013 2:30 pm | by CHRISTOPHER BODEEN Associated Press | News | Comments

Apple has issued an apology to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism. A statement posted in Chinese to Apple's website on Monday said the complaints had prompted "deep reflection" and persuaded the company of the need to revamp its repair policies, boost communication with Chinese consumers and strengthen oversight of authorized resellers.

Asian giants tiptoe toward free trade deal

April 1, 2013 10:23 am | by YOUKYUNG LEE, AP Business Writer | News | Comments

China, Japan and South Korea are inching ahead with talks for a free trade zone that would rival the European Union and North America in economic heft. Despite the achievement of setting aside their often acrimonious relations to begin negotiations, progress will be slow. An agreement to start talks took 10 years.

U.S. takes swipe at China for hacking allegations

March 28, 2013 9:29 am | by Anne Flaherty, Associated Press | News | Comments

The U.S. has taken its first real swipe at China following accusations that the Beijing government is behind a widespread and systemic hacking campaign targeting U.S. businesses.Buried in a spending bill signed by President Barack Obama on Tuesday...

Japanese regulators to investigate nuclear crisis

March 27, 2013 10:40 am | by MARI YAMAGUCHI, Associated Press | News | Comments

Japanese government regulators said Wednesday that for the first time they will conduct their own investigation into the country's nuclear crisis to address key unanswered questions. The March 2011 earthquake and tsunami cut power and destroyed vital cooling systems at the Fukushima Dai-chi nuclear plant, causing meltdowns at three of its reactors.

NKorean defector groups report computer attacks

March 26, 2013 12:18 pm | by The Associated Press | News | Comments

Websites and organizations run by North Korean defectors in South Korea say they have suffered cyberattacks, one week after computer systems at some South Korean banks and TV networks were widely disrupted.

Kansai Electric eyes MOX fuel use at Takahama plant

March 26, 2013 11:29 am | by The Associated Press | News | Comments

Kansai Electric plans to use plutonium-uranium mixed oxide fuel, known as MOX, in so-called pluthermal power generation at its Takahama plant from around the fall of 2014, industry sources said Tuesday. The Osaka-based utility firm included the plan in its earlier application for government permission to raise household electricity rates, the sources said.

Renesas in talks to sell mobile chip operations overseas

March 21, 2013 9:52 am | News | Comments

The president of struggling Renesas Electronics Corp. said Thursday that the chipmaker is in talks with overseas companies on selling its loss-making mobile device chip operations as part of efforts to streamline its business.

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