A Taiwan government venture capital fund will sell more than 170 million shares in TSMC in 2014 to help fund Taiwan's budget, a source with direct knowledge of the sale said on Thursday.
The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone maker BlackBerry.
Huawei has denied claims made by a former US Central Intelligence Agency (CIA) chief, Michael Hayden, that it has spied for the Chinese government.
Google filed a court petition Tuesday demanding it be allowed to share information about government surveillance programs with the public.
This is the second major project driven by the government of Taiwan that relies on security chips from Infineon: more than 25 million pieces have already been shipped for the electronic health cards of the Taiwan Health Care Project.
An investigation is under way after two explosions near the finishing line of the Boston Marathon left three people dead and at least 140 injured.
The Japan government has approved a cut to the FIT for solar by 10%. The cut would see the tariff paid be reduced to JPY37.8/kWh (US$0.40/kWh) from the current rate of JPY42/kWh (US$0.45/kWh), as of April 1.
Computer networks running three major South Korean banks and the country's two largest broadcasters were paralyzed Wednesday in attacks that some experts suspected originated in North Korea, which has consistently threatened to cripple its far richer neighbor.
New York Times
China, forecast to become the largest solar-power market this year, may abolish subsidy programs for some of its largest projects and target the money instead to smaller ones, an industry official said.
Xi Jinping was named China's president Thursday by the country's parliament, one of the final steps in China's once-in-a-decade leadership change.
Taiwan's top economic official resigned Friday as popular support for the government has plunged, though the island appears to be rebounding from an economic slowdown.
AP (via Washington Post)
The dollar jumped to a two-year high against the yen Thursday on expectations that Japan's new government will lower interest rates to boost the economy, weakening the yen.
AP (via Business Week)
An investment fund controlled by Japan's government has agreed to rescue Renesas Electronics by buying a majority stake in the lossmaking chipmaker for about JPY180 billion (US$2.2 billion), people familiar with the deal said.
The Financial Times
Japan's prime minister dissolved the lower house of parliament Friday to avoid a disastrous freeze in government spending, triggering elections that could result in more aggressive policies to stimulate the country's economy.
On 14 November, people in Madrid and all across Europe participated in a demonstration against government austerity measures.
The Australian government said it will phase out a solar incentive program in January, six months earlier than scheduled, to cut electricity bills for homes and businesses next year by as much as AUD100 million (US$103 million).
Tens of thousands of factory workers took part in a general strike across Indonesia on Wednesday, calling for higher wages, more social security and an end to employers' use of temporary contracts to circumvent the country's strict labour laws.
The Financial Times
A tiny solar company named SoloPower will flip the switch on production at a US.= factory Thursday, a major step toward allowing it to tap a US$197 million government loan guarantee awarded under the same controversial program that supported failed panel maker Solyndra.
The Hong Kong government calls it national education. But parents, teachers and pupils in the former British colony call it "brainwashing" and fear it's a ploy by Beijing authorities to indoctrinate the city's young into unquestioning support of China's Communist Party.
AP (via Business Week)
The US Department of Commerce (DOC), responding to last autumn's petitions by SolarWorld and other members of the Coalition for American Solar Manufacturing (CASM), announced preliminary duties of 2.9-4.73% on crystalline silicon solar PV cells to counter Chinese subsidies to its solar PV manufacturers.
Solar companies Suntech Power Holdings Co Ltd and Trina Solar Ltd said their first-quarter margins were squeezed as they set aside money to offset anti-dumping tariffs imposed by the US government on solar panel imports from China.
China-based solar panel manufacturers are making plans to source components from Taiwan in order to get around US anti-dumping tariffs of at least 31% announced by the Department of Commerce last week.
Tens of thousands of demonstrators gathered Saturday in downtown Taipei to protest government policies ahead of the inauguration of recently re-elected Taiwanese President Ma Ying-jeou. Participants said they were angry about Ma's economic policies, including his decision - announced after his January re-election - to raise utility prices.
AP (via Google)
The move, announced by the Commerce Department, is certain to infuriate Chinese officials already upset after recent bilateral frictions over China's human rights policies and its increasingly confrontational approach toward American allies like the Philippines and Japan.
New York Times
The US yesterday imposed tariffs of as much as 250% on Chinese-made solar cells to aid domestic manufacturers beset by foreign competition, though critics said the decision may end up raising prices and hurting the US renewable energy industry.
SolarWorld said its Hillsboro, Oregon-based U.S. unit can't compete with Chinese exporters, including Suntech Power Holdings Co. (STP), the world's largest solar-panel maker, and Trina Solar Ltd. unless tariffs are imposed. Suntech was told to pay 31.22%, Trina's levies were set at 31.14% and others were told to pay duties ranging from 31.18-249.96%.
The US solar-power industry has been nervously awaiting a federal decision on whether to impose antidumping tariffs on Chinese solar-panel makers.
The German Federal Council has determined that that the bill earlier adopted by the German Parliament for the reduction of solar subsidies will be going a the mediation committee, which will allow for the federal and state governments to negotiate finding a comprise.
Saudi Arabia is seeking investors for a $109 billion plan to create a solar industry that generates a third of the nation's electricity by 2032, according to officials at the agency developing the plan.
The Indian government has granted its 4G broadband spectrum to Qualcomm nearly two years after the US chipmaker paid US$1 billion in an auction.
The results in France and Greece came after a tumultuous few weeks in which the Dutch government fell and Britain's Conservative-led coalition received a licking in local elections.
More companies are being linked to the Indian government's plan to get one or more semiconductor wafer fabs constructed on the sub-continent. At least five chip companies have expressed an interest in supporting the project, according to a Hindu Business Line report.