A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR , which makes light-sensitive chemicals vital to manufacturing semiconductors, among other things. It will help Tokyo bolster its technology supply chains as the country looks to capitalise on jitters around Taiwan, home to many major chipmakers and suppliers.
A U.S. judge late on Tuesday granted the Federal Trade Commission's (FTC) request to temporarily block Microsoft Corp's acquisition of video game maker Activision Blizzard and set a hearing next week.
The U.S. Federal Trade Commission on Monday said it asked a court for a temporary order to prevent Microsoft Corp's $69 billion acquisition of video game maker Activision Blizzard from closing while the regulator continues reviewing the deal.
Mattress maker Serta Simmons Bedding on Tuesday said that its Chapter 11 reorganization plan has been confirmed by a U.S. bankruptcy court, bringing the bedding company one step closer to emerging from bankruptcy.
Apple Inc unveiled its first augmented-reality (AR) headset, as well as a series of upgrades to its devices and software, at the company's annual developers conference on Monday.