Foxconn planning $27b bid for Toshiba's chip business
Foxconn Technology Group is reportedly planning to bid up to $27 billion to acquire Toshiba's chip business, according to Bloomberg. It's yet another major acquisition swoop on a Japanese high-tech firm by Foxconn which earlier bid for taking over the electronics firm Sharp. Analysts estimate that a...
TV maker profit down in Q1
China's television industry has seen a downturn in the first quarter, with major TV manufacturers witnessing a drop in net profits and sales affected by the rising price of raw materials. Sichuan Changhong Electronic Co Ltd said its revenue was 16.63 billion yuan ($2.41 billion) in the first three...
Read More →69.7% Increase-Haier Financial Reports
Qingdao Haier Co., Limited has released the 2016 annual reports and the 2017 first-quarter results on April 29, 2017, showing increase in both revenue and profit. According to the financial reports, Qingdao Haier Co., Limited has gained 37.7 billion RMB of operating income in the first quarter of 20...
Read More →TCL's Li urges Trump to approve his US technology acquisitions
TCL Corp Chairman Li Dongsheng said the Chinese electronics giant is in the final stages of making an investment in a US technology company that would be worth as much as $300 million and urged President Donald Trump's administration to allow him to seal the deal. Li said in a Bloomberg Television...
Read More →Toshiba Will Sell Its Japanese TV Business; China's Hisense Group May Buy It
Toshiba Corp. is planning to sell its television business and restructure its other businesses. The most likely bidder is Hisense Group Co., as Japanese media reported. Toshiba plans to sell over half its equity in Toshiba Solutions Corp., its television-line subsidiary, Asahi Shimbun reported on...
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