Samsung Electronics has announced revenues of 45.27 trillion Korean won on a consolidated basis for the first quarter ended March 31, 2012, a 22-percent increase year-on-year.

Merger will take effect on July 1, 2012.

Globalfoundries has started its production ramp on 28nm and anticipates a much smoother ride on 28nm than it had on 32nm.

It's the beginning of the end for the fabless model, according to Mark Bohr of Intel. Bohr also claimed TSMC's recent announcement it will serve just one flavor of 20nm process technology is an admission of failure.

Facebook is paying Microsoft US$550 million for some of the patents it recently bought from AOL.

When Apple launched the iPod nano, it attracted plenty of attention. While consumers swooned over its sleek design, analysts were more likely to hail it as a turning point for the storage industry.

Nokia has reported a much worse-than-expected first quarter loss as it presses ahead with an extensive restructuring of its faltering business.

Japan's Toshiba Corporation has agreed to buy IBM's point-of-sale (POS) business in a deal worth US$850 million.

IT bellwhether IBM missed Wall Street's revenue projections for Q1 by a smidgen but beat expectations for bottom line growth.

Independent environmental organization Greenpeace is in the midst of a disagreement with Apple after giving the tech giant and others like Amazon and Microsoft low Clean Energy Index scores.