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Taiwan is not able to become a founding member of the Beijing-led Asian Infrastructure Investment Bank (AIIB) but is still welcome to become a member in the future, the Chinese government said on Monday.
Reuters
China launched the Asian Infrastructure Investment Bank (AIIB) in October of 2014 and has met with nothing but opposition from the US. Officially, the objection cited by the US is a lack of clarity about AIIB's governance, as well as concerns about whether the AIIB will adhere to strict environmental and labor standards in its operations.
Washington Post
Korean businesses invested US$3.97 billion in China, up almost 30 percent compared to 2013 and the most since 2006, according to the Korea International Trade Association on Sunday.
The Chosun Ilbo
STATS ChipPAC and Chinese firm Jiangsu Changjiang Electronics Technology (JCET) have extended talks on a proposed takeover for a second time.
The Straits Times
A story that Apple tried for three weeks to suppress is now part of the public record.
Fortune
Qualcomm is vulnerable in China, and the company knows it.
EE Times
US ceramics manufacturing group CoorsTek is buying Japanese semiconductor-materials maker Covalent Materials from Carlyle and a local buyout fund, ending a rocky lossmaking investment spanning eight years.
The Financial Times
Xiaomi, the fast-growing Chinese smartphone maker, is making its first US investment, as part of a $40m fundraising for internet-of-things start-up Misfit.
The Financial Times
Foreign investment in China fell in May to its lowest level in 16 months, partly due to slowing growth.
BBC News
Samsung Electronics Co said a memory chip plant being built in China will start operations as planned in the first half of 2014 and the company will remain flexible about further investment in the factory.
Reuters
Taiwan announced stricter rules for investment projects by Chinese companies as President Ma Ying-jeou seeks to overcome lawmaker resistance to legislation that would boost economic ties with China.
Bloomberg
The company has concluded a review of strategic alternatives and Announced changes to its board and leadership team.
Company release
RDA Microelectronics said China's state-owned Shanghai Pudong Science and Technology Investment offered to buy the shares of the chipmaker it does not already own at $15.50 per American depositary share.
Reuters
Luis Arbulu, a former Google business development and investment executive, has joined Samsung Electronics, Fortune has learned. He will be a Menlo Park-based director in Samsung's new Open Innovation Center, whose strategy includes making small early-stage investments into promising hardware and software startups.
Fortune
"We are seeing a near-term slowdown in investment by our foundry customers as they focus on ramping (production using) new capacity installed over the past two quarters," said Applied CEO Michael Splinter.
Reuters
Chipmaker Qualcomm is now Sharp's third-largest shareholder following the completion of a US$120 million investment in the ailing electronics firm.
ZDNet
STMicroelectronics has signed a loan agreement with the European Investment Bank to strengthen its finances.
Bloomberg
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
Foundry chip manufacturer Globalfoundries is expected to be a profitable and self-sustaining business by 2015, one that does not require additional funding from its present parent Advanced Technology Investment Company (ATIC).
EE Times
Abu Dhabi's Advanced Technology Investment (ATIC) expects to earn its first profit by 2015 as it scales up operations overseas, but plans to set up a chip manufacturing facility at home remain on hold, its chief executive said on Wednesday.
Reuters
Texas Instruments said it will shift its wireless investment focus from products like smartphones to a broader market including industrial clients like carmakers where it is hoping for a more profitable and stable business.
Reuters
"Samsung's 2013 semiconductor capex will be conducted in a very conservative way. Opinions are gathering into a significant cut in facility investment next year," a senior official at Samsung was quoted as saying.
Global Times
Intel is talking to Cisco about becoming its foundry, says investment bank Piper Jaffray.
Electronics Weekly
Wider opening to investment from China will help boost Taiwan's economy by combining its technological strength with China's market strength, according to Vice Economics Minister Francis Liang.
Focus Taiwan news channel
China and Taiwan have signed their first investor-protection agreement in the latest sign of the momentum behind President Ma Ying-jeou's drive to strengthen his country's relationship with China, its biggest trade partner and frequent political adversary.
The Financial Times
Foreign direct investment into China fell in June as an economic slowdown dampened companies' appetite for expansion.
BBC News
Improving lighting efficiency is an investment in the future. Yet costs have been prohibiting many people from becoming early adaptors of energy efficient commercial lighting such as LED lighting.
Triple Pundit
The Intel wafer fab complex in Leixlip, Ireland, is set to receive investment to allow it to manufacture 14nm silicon and beyond, the company revealed in a presentation to analysts on May 10. The investment is expected to be more than US$1 billion.
EE Times
"People are starting to position bankruptcy filing as a way to rebuild the company, and that's becoming more acceptable," says Mitsushige Akino, a chief fund manager at Ichiyoshi Investment Management. "If more cases like JAL emerge, it will help to revitalize the Japanese market, as well as the economy."
Wall Street Journal
With the investment from Intel Capital, Trigence Semiconductor will expand integration of Dnote to computing devices including Intel architecture-based PCs, Ultrabook and smartphones, and also expects to expand its LSI and licensing businesses.
Company release
The selection process for a sponsor to support the rehabilitation of Elpida Memory has reached its final stage. Micron Technology, SK Hynix and a consortium of US and Chinese investment funds are expected to participate in the second round of bidding, which will likely wrap up Friday.
The Japan Times
Apple has indicated it will consider higher investments in China, as chief executive Tim Cook visited Beijing to meet Chinese officials.
BBC News
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/2/33483920-562e-11e1-8dfa-00144feabdc0.html#ixzz1mKfxcR1E Olympus, the scandal-hit Japanese optical equipment maker, said it expected to suffer a Y32bn net loss this year owing to asset writedowns at its struggling camera division and a one-time tax adjustment.
The Financial Times
Taiwanese banks are urging regulators to raise a cap on stakes Chinese banks can hold in them to 20% from 5% as they push to get a bigger share of the huge mainland market at a faster pace and offset a lack of growth opportunities at home.
Reuters
Renesas Electronics and two other big Japanese chip makers have begun talks to combine their system chip operations and outsource production in a government-backed deal, sources said.
Reuters
South Korea's Samsung Group announced it would invest a record 47.8 trillion won (US$41.56 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom.
AFP (via Google)
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