SanDisk swung to net profits of US$235 million for the quarter ended April 4 from losses of US$208 million a year ago. "We delivered SanDisk's first ever billion dollar Q1 in total revenue. This performance was driven by several factors including our OEM business which grew to 63% of product revenues balancing out Q1 retail seasonality..."

Hitachi Global Storage Technologies is poised to secure net profits for the fiscal year ended December 21, 2010, according to company president and CEO Steve Milligan. Brisk demand for PC hard drives and fixed-cost reductions will contribute to its profit outlook.

Toshiba, one of Japan's largest electronics companies, has said it expects net losses of 20 billion yen (US$215 million) for the fiscal year ending March 2010. That's down from its previous estimtae of 50 billion yen.

Chancellor Angela Merkel's cabinet approved plans on Wednesday to grant 100 million euros in support for the solar power industry to overcome resistance in parliament to its plans to cut state-mandated incentives.

The sources said parliamentary experts in Chancellor Angela Merkel's centre-right administration agreed that so-called feed-in tariffs for new rooftop solar installations will be cut by 16 percent from July as planned. Most open-field installations will be cut by 15 percent, with support for farmland solar systems to be scrapped completely, the sources said.

OCZ Technology has been approved to be listed on the Nasdaq Capital Markets and will commence trading its common stock under ticker symbol "OCZ" on April 23.

Target will become the first retailer to carry the US$259 Kindle on Sunday. At first, the Kindle will only be sold at Target's flagship store in downtown Minneapolis, plus 102 stores in South Florida. Target plans to offer Kindle at more of its stores later in the year.

Qualcomm has reported profits of US$774 million for the second quarter of its fiscal 2010, compared with losses of US$289 million a year ago. The company suggested it might fall short of Wall Street's expectations for the current quarter.

Currently, Apple pays royalties for ARM's chip designs used in its products. If the company acquired ARM, it could conceivably raise licensing costs to rivals or even take ARM designs off the market.

Mitsubishi Motors Corp.'s battery- making venture with GS Yuasa Corp. is considering producing lithium-ion cells in Europe as demand in the region for electric cars grows.

Airports across Europe are gradually reopening, but travellers are still dealing with delays as airlines try to clear the massive flight backlog caused by a cloud of volcanic ash.

Altera has reported net profits of US$153.2 million for the irst quarter, compared with profits of US$44.0 million a year earlier. "We are benefiting from growth in our 65nm and 40nm FPGAs as customer designs transition from prototyping into production," said company CEO John Daane.

IM Flash Technologies has advertised dozens of jobs openings in the island city-state of Singapore for its 300mm fab. IM Flash Singapore is currently looking to fill 61 jobs, including engineering, procurement and recruiting positions which points that they are closer to ramp-up.