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Applied Materials to buy Japan's Kokusai to boost memory business

July 01, 2019 Unknown No comments

U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japan's Kokusai Electric for $2.2 billion in cash from investment firm KKR & Co Inc , as it bets on rising demand for memory chips.

from Reuters: Technology News https://ift.tt/325iTa8

Nepal's CG Group ties up with Huawei to launch 4G services

July 01, 2019 Unknown No comments

Nepal's Chaudhary Group (CG) has signed a deal worth about $100 million with China's Huawei Technologies to bring 4G phone services to the country, CG's chief executive said, shrugging off U.S. security concerns about Huawei's products.

from Reuters: Technology News https://ift.tt/2NorsJE

First battery-powered cruise ship sails for the Arctic

July 01, 2019 Unknown No comments

The world's first cruise ship propelled partially by battery power is set to head out from northern Norway on its maiden voyage, cruise operator Hurtigruten said on Monday.

from Reuters: Technology News https://ift.tt/2YqwpCT

Amid U.S. tech squeeze, China's Tsinghua Unigroup forms new DRAM chip unit

July 01, 2019 Unknown No comments

Chinese state-backed semiconductor conglomerate Tsinghua Unigroup said it has formed a new business unit for producing DRAM, a type of memory chip dominated by companies in South Korea and the United States.

from Reuters: Technology News https://ift.tt/2FKVlOb

CEO Collymore, who built Safaricom into $11 billion telco, dies of cancer

July 01, 2019 Unknown No comments

Bob Collymore, the chief executive who helped to turn Safaricom Plc into East Africa's most profitable company with an $11 billion valuation, has died after a nearly two-year long battle with cancer.

from Reuters: Technology News https://ift.tt/2XlbbKg

Trump talk of easing Huawei ban lifts suppliers' shares despite doubts

July 01, 2019 Unknown No comments

U.S. President Donald Trump's decision to allow U.S. firms to sell "high tech" products to Huawei led Asian investors to snap up shares in suppliers to the Chinese smartphone maker on Monday, even as some experts wondered what had changed.

from Reuters: Technology News https://ift.tt/2JhVfhV

U.S. Navy SEAL's war crimes trial winds to close in San Diego

July 01, 2019 Unknown No comments

Closing arguments were due in San Diego on Monday in the war crimes trial of a decorated U.S. Navy SEAL platoon leader charged with murdering a helpless Iraqi captive in his custody and shooting unarmed civilians.

from Reuters: U.S. https://ift.tt/2J0bD7O

Japan to tighten tech material exports to South Korea in wartime labor row

July 01, 2019 Unknown No comments

Japan will tighten curbs on exports of high-tech materials used in smartphone displays and chips to South Korea amid a growing dispute over South Koreans forced to work for Japanese firms during World War Two, the industry ministry said on Monday, prompting condemnation from Seoul.

from Reuters: Technology News https://ift.tt/2KRDppk

CEO Collymore dies of cancer after steering Safaricom's expansion

July 01, 2019 Unknown No comments

Bob Collymore, the chief executive who helped to turn Safaricom Plc into East Africa's most profitable company with an $11 billion valuation, has died after a nearly two-year long battle with cancer.