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Taiwan's MediaTek profit up 51 percent in 1Q

May 6, 2013 11:10 am | by ANNIE HUANG, Associated Press | News | Comments

MediaTek Inc., Asia's largest chipset designer, said Monday its first quarter profit grew 51 percent from a year earlier, boosted by China's flourishing smartphone market. The Taiwanese company's net profit totaled 3.7 billion New Taiwan dollars ($125 million) in the January-March period on revenue of NT$24 billion.

Pentagon clears use of Samsung's devices

May 6, 2013 10:41 am | by The Associated Press | News | Comments

Samsung Electronics Co. says the U.S. Department of Defense has approved using Samsung smartphones for its networks. The South Korean company said Friday the Galaxy S4 smartphone has become the first Android device to meet the security requirements set out by the U.S. government...

China emerging as new force in drone warfare

May 3, 2013 11:43 am | by CHRISTOPHER BODEEN, Associated Press | News | Comments

Determined to kill or capture a murderous Mekong River drug lord, China's security forces considered a tactic they'd never tried before: calling a drone strike on his remote hideaway deep in the hills of Myanmar. New light has been cast on China's unmanned aerial vehicle program, which has been quietly percolating for years and now appears to be moving into overdrive.


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.

French industry minister denies country closed to foreign investment after vetoing Yahoo deal

May 2, 2013 9:31 am | by GREG KELLER Associated Press | News | Comments

The French government has defended its veto over Yahoo Inc.'s attempted takeover of video sharing website Dailymotion, even as the move draws jeers for discouraging much needed foreign investment. Yahoo this week abandoned plans to take a 75 percent stake in Dailymotion, a deal sought by the managements of both companies, after the government blocked it.

China automaker to open electric bus plant in CA

May 1, 2013 10:42 am | by JOHN ROGERS, Associated Press | News | Comments

A Chinese company whose mantra is Build Your Dreams plans to build all-electric buses in California's Mojave Desert. Lancaster Mayor R. Rex Parris and officials of BYD Automotive scheduled a news conference Wednesday to announce plans to open the first Chinese-owned vehicle manufacturing plant in the United States.

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...


Group calls on China to improve Internet security

April 24, 2013 10:42 am | by JOE McDONALD, AP Business Writer | News | Comments

An American business group appealed to China on Wednesday to improve online security and ease restrictions on Web use by companies, warning that deteriorating access speeds might discourage foreign investment. The American Chamber of Commerce suggested the Chinese government could speed up Internet access...

Yahoo's email service in China to close in August

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

Yahoo's email service in China will close this summer as part of an arrangement worked out with its partner in that country, Alibaba Group. The service is scheduled to close Aug. 19. Yahoo is recommending users of its free email service in China transfer their accounts to another provider such as Aliyun, an email alternative offered by Alibaba.

Survey shows China manufacturing weakening

April 23, 2013 9:53 am | by JOE McDONALD, AP Business Writer | News | Comments

China's manufacturing growth decelerated this month, a survey showed Monday, adding to questions about the strength of the recovery in the world's second largest economy. HSBC said Tuesday the preliminary version of its monthly purchasing managers index declined to 50.5 from March's 51.6 on a 100-point scale...

Portable ATMs, phone-charging in China quake zone

April 22, 2013 10:46 am | by GILLIAN WONG, Associated Press | News | Comments

The tent village that sprang up in two days to house quake survivors in mountain-flanked Lushan is no ordinary refugee camp. China's full range of disaster response is on display: Trucks with x-ray equipment, phone-charging stations, bank tellers-on-wheels — even a tent for insurance claims.

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.

South Koreans hope to return to Kaesong factories

April 19, 2013 11:39 am | by YOUKYUNG LEE, AP Business Writer | News | Comments

The South Korean entrepreneurs who invested up to 10 years and millions of dollars in the Kaesong industrial complex, a symbol of economic collaboration between the Koreas that is now shuttered by the North, have little more than hope to cling to as assembly lines sit idle day after day.

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...

Greenhouse gases make high temps hotter in China

April 15, 2013 11:51 am | by SETH BORENSTEIN, AP Science Writer | News | Comments

China, the world's largest producer of carbon dioxide, is directly feeling the man-made heat of global warming, scientists conclude in the first study to link the burning of fossil fuels to one country's rise in its daily temperature spikes.

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...

NKorea denies cyberattack on SKorean companies

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

North Korea has denied involvement in a cyberattack that shut down nearly 50,000 computers and servers at South Korean broadcasters and banks last month. The General Staff of the Korean People's Army issued the denial Saturday through the official Korean Central News Agency.

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.

US says hacking undermines China's interests

April 9, 2013 10:11 am | by CHRISTOPHER BODEEN, Associated Press | News | Comments

Hacking that originates inside China is undermining its relationship with the United States and harms Beijing's long-term interests, a U.S. diplomat said Tuesday, in the latest high-level public expression of concern over a problem that has prompted threats of commercial retaliation from Washington.

SKorea: 'Indication' NKorea prepping for nuke test

April 8, 2013 10:41 am | by HYUNG-JIN KIM, Associated Press | News | Comments

South Korea's point man on North Korea says there is an "indication" that Pyongyang is preparing for a fourth nuclear test. Unification Minister Ryoo Kihl-jae told a parliamentary committee Monday that "there is such an indication," according to two ministry officials...

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