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Europe should make cheaper, faster and smarter microchips in order to compete globally, European Commission Vice President Neelie Kroes said when announcing European Union funding for research and development in the sector Thursday."We can even produce closer to 20% amount of global production, more than on U.S. soil, but only if we get our act together," she told reporters. "If we don't take the opportunity, others will leapfrog us."Ms. Kroes wants to coordinate public investment in micro- and nano-electronics, such as semiconductors and computer chips. Used in everything from cars to smartphones, the market for electronics has grown by 5% a year since 2000.The commission's strategy includes contributing EUR1.5 billion from EU funds, and likely double that from EU member states. The strategy is designed to attract more than EUR100 billion in private investment for the sector.This investment will be focused on seven industrial areas across Europe, including Dresden, Germany, Eindhoven,...
SK Hynix Inc. (000660.SE) said Thursday it swung to a second-quarter net loss, as the prices of NAND flash memory chips used widely in smartphones and tablets fell s...
FOX Business: The Power to ProsperThe broad-market averages managed to overcome a worrisome reading on the U.S. manufacturing sector and close in the green, helped b...
FOX Business: The Power to ProsperA report showing the U.S. manufacturing sector contracted for the first time since 2009 sent the blue-chip average falling into the...
Micron (NYSE:MU) announced more than $1 billion in strategic deals on Monday that give a jolt to its portfolio and operations.Micron said it was buying the bankrupt ...
FOX Business: The Power to ProsperU.S. stock-index futures wavered on Monday as traders digested a slew of economic data from Europe and Asia and awaited a report on...
Samsung Electronics Co, Asia's technology powerhouse battling Apple (NASDAQ:AAPL) for smartphone supremacy, is shifting its CEO to a new role as the family-run paren...
Apple Inc will struggle to cut its reliance on rival Samsung Electronics for component supplies, analysts and industry sources said on Thursday, despite speculation ...
Asian chipmakers, from Taiwan foundry maker TSMC to South Korean memory chip heavyweights Samsung Electronics and SK hynix , are eyeing record investments and big ac...
Samsung Electronics posted record quarterly profit of $5.15 billion, driven by booming sales of its smartphones and the Galaxy Note 'phablet', which it hopes will sh...
Apple's new iPad proved to be another hot-seller on Friday, with hundreds queuing at stores across Asia to be the first to get their hands on the 4G-ready tablet com...
The head of Samsung Electronics Co Ltd's memory chip business said on Tuesday that it is not interested in acquiring capacity from Japan's troubled Elpida Memory Inc...
Japanese stocks rose in early Wednesday trading, as banks gained in tandem with their U.S. peers and select tech shares also moved higher. The Nikkei Stock Average a...
Micron Technology Inc.'s (MU) fiscal second-quarter loss widened as the chip maker recorded heavier expenses related to a planned acquisition, masking growing revenu...
Elpida Memory Inc. bondholders failed Friday to persuade a U.S. judge to reconsider a ruling on the company's patent deals that could trouble their campaign to chall...
Micron Technology posted a quarterly net loss and lower revenue as it struggled with a slowing PC industry and macroeconomic uncertainty.Consumers' growing preferenc...
South Korean technology powerhouse Samsung Electronics Co posted a fourth straight record quarterly profit - of $7.4 billion - with strong sales of its Galaxy range ...
Apple Inc (NASDAQ:AAPL) has reduced its orders for memory chips for its new iPhone from key supplier and competitor Samsung Electronics Co, a source with direct know...
Bankrupted Japanese chip maker Elpida Memory Inc. plans to submit its restructuring plans to court next Tuesday and to start rebuilding as early as October under its...
The chief executive of memory chip maker Micron Technology Inc. (MU) expects the deal for struggling rival Elpida Memory Inc. to ultimately close, despite some recen...
