Qualcomm said Wednesday that its revenue and profits fell in both the fourth quarter and the year as it struggled to get Chinese customers to pay for licenses.

Taiwan's President Ma Ying-jeou will meet his Chinese counterpart Xi Jinping in Singapore on Saturday - the first ever meeting between leaders of the two sides.

Qualcomm has signed a new worldwide 3G/4G license agreement with ZTE. The license includes terms that are consistent with the rectification measures that Qualcomm submitted to China's National Development and Reform Commission (NDRC) in February, 2015.

This is a huge development for the company's data center business, as its long-term goal is to become a complete provider of data center solutions.

Intel's move comes as the chip industry undergoes a wave of consolidation and China steps up efforts to build local technology manufacturing capacity.

The two companies could reach a deal as soon as this week.

Western Digital and Unisplendour have entered into an agreement under which a subsidiary of Unis will make a US$3.775 billion equity investment in Western Digital.

The chairman of China's Tsinghua Unigroup traveled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the US chipmaker, people familiar with the matter said.

Synaptics, the maker of touch-screen technology used in phones, tablets and computers, rejected an offer from a state-backed Chinese investment group that valued the company at almost US$4 billion, people with knowledge of the matter said.

Chinese interest in Synaptics and Western Digital shows Beijing is accelerating efforts to buy the building blocks for a domestic technology industry.

China's analog chipmaker Montage Technology has offered to buy Pericom Semiconductor in a deal valued at about US$430 million, trumping an offer from Diodes earlier this month.

CEC is discussing a bid for Atmel, a maker of chips used in industrial machinery and cars, at about US$8.50 a share and the two sides are negotiating, people with knowledge of the process said.

A China Railway Group-led consortium and XpressWest Enterprises LLC will form a joint venture to build a high-speed railway linking Las Vegas and Los Angeles, the first Chinese-made bullet-train project in the US.

China's decades-long economic boom, based on manufacturing for export, is now going in reverse. With orders in some Chinese manufacturing industries declining, the country is facing factory closures and massive worker layoffs.

Growth in China's investment and factory output in August has come in below forecasts, in a further indication that the world's second-largest economy is losing steam.

China's imports in August fell 14.3% in yuan-denominated terms from a year ago, while exports fell by 6.1%.

Slower growth in China and continuing stock market uncertainty pose a threat to global economic growth, the International Monetary Fund has warned.

The People's Bank of China on Tuesday announced cuts to benchmark interest rates, lowering its lending and deposit rates by 0.25 percentage point.

Stock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.

China's surprise devaluation of the yuan couldn't have come at a worse time for some Asian currencies.

Taiwan's dollar fell to a five-year low as the central bank eased monetary policy to spur economic growth and China slashed the yuan's fixing by the most on record.

China's efforts to expand its reach into advanced semiconductors in the US drew fire on Capitol Hill as a key senator called on US officials to block a state-controlled firm's effort to buy an American memory chipmaker.

China's Central Bank has again cut the guiding rate for the national currency, the yuan, a day after Tuesday's record 1.9% devaluation.

"To catch up with Qualcomm as soon as possible, we will pour 30 billion yuan, and probably even more, into the R&D of mobile chips in the next few years," Chairman Xu Jinghong was quoted as saying in an interview. A Tsinghua Holdings spokeswoman confirmed Xu's comments to the newspaper.

Mainland Chinese shares made solid gains after reports that a government agency and Chinese funds are looking to add billions into the stock market.

Leadcore Technology and Shanghai Pudong Science & Technology Investment are weighing offers for Marvell Technology's wireless chip unit, which Marvell values at about $1 billion.

Taiwan's economy grew at the slowest pace in three years as exports collapsed amid weaker global demand and rising competition from regional rivals.

Results from Europe's big chipmakers show business conditions have deteriorated quickly in previously healthy markets for auto electronics and industrial components, adding to concerns over the industry's traditional drivers - computers and phones.

China has tried to calm investors by reassuring it will implement prudent monetary policy to stabilise markets.

China's Tsinghua Holdings is still discussing a potential deal to buy US chipmaker Micron Technology and hopes it could eventually go through, the state-backed investment company's chairman told Reuters on Thursday.

Imagination Technologies has announced the appointment of industry veteran James Liu as general manager for its expanding China operations. Liu brings to Imagination 20+ years of experience in the China electronics design industry.

Micron Technology has told China's Tsinghua Unigroup that its US$23 billion acquisition offer is not realistic because US authorities would block the deal due to national security concerns, according to people familiar with the matter.

Swatch Group AG will launch its own Internet-enabled smartwatch this summer in the US, China and its Swiss home market, CEO Nick Hayek said Thursday.

Tsinghua Unigroup, controlled by China's Tsinghua University, has agreed to invest US$100 million in a mobile operating system start-up founded by Mozilla Corp's former China head, according to a company announcement.

The deal, if true, could have broad implications for Micron's technology partner, Intel and NAND-chip competitor SanDisk.

Growth in the world's second largest economy, China, beat expectations in the second quarter, but it was still the weakest showing since the global financial crisis.

Tsinghua Unigroup Chairman Zhao Weiguo signaled the company is interested in Micron Technology after the Wall Street Journal reported the Chinese company made a US$23 billion bid for the US semiconductor maker.