By Reuters Staff
1 Min Read
(Reuters) - Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it would buy a 15.9% stake in chipmaker Fullhan Microelectronics for 1.54 billion yuan ($236.9 million) in a push to diversify its portfolio.
Legend’s unit Dongfangqihui bought 12.8 million shares between Sept. 1 and March 17 from privately held Quick Talent Holdings, the company said on Wednesday, with the last round of transaction for a 5.2% stake yet to settle.
Most well-known for its ownership of Lenovo, Legend, for years has sought to diversify its portfolio beyond the computer sector, including finance and car rental industries.
By Reuters Staff
2 Min Read
FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman
STOCKHOLM (Reuters) - Volvo Cars, which is owned by China’s Geely Holding, will temporarily stop or adjust production in China and the United States for parts of March due to a global shortage of semiconductor chips, it said on Wednesday.
“We expect the situation to become critical during the second quarter and have therefore decided to take measures to minimize the impact on production while working daily to improve the situation,” Volvo Cars said in an e-mailed statement.
By Reuters Staff
1 Min Read
(Reuters) - Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it would buy a 15.9% stake in chipmaker Fullhan Microelectronics for 1.54 billion yuan ($236.9 million) in a push to diversify its portfolio.
Legend’s unit Dongfangqihui bought 12.8 million shares between Sept. 1 and March 17 from privately held Quick Talent Holdings, the company said on Wednesday, with the last round of transaction for a 5.2% stake yet to settle.
Most well-known for its ownership of Lenovo, Legend, for years has sought to diversify its portfolio beyond the computer sector, including finance and car rental industries.
By Reuters Staff
3 Min Read
WASHINGTON (Reuters) - The U.S. Commerce Department said on Wednesday that it has served subpoenas on multiple Chinese companies that provide information and communications technology services in the United States to see if they pose a national security risk.
FILE PHOTO: Gina Raimondo, U.S. President-elect Joe Biden s nominee to be secretary of Commerce, speaks during an event to announce members of Biden s economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. REUTERS/Kevin Lamarque/
“Beijing has engaged in conduct that blunts our technological edge and threatens our alliances,” Commerce Secretary Gina Raimondo said in statement.
By Reuters Staff
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TAIPEI (Reuters) - Taiwan’s Delta Electronics Inc, a supplier of power components to companies such as Apple Inc, said on Wednesday it had put its orders in early and so was not seeing much impact from global tightness in chip supplies.
A surge in demand for consumer electronics has driven a global chip shortage that has idled car factories in particular, and earlier this month Taiwan computer maker Acer Inc said the problem could damage the PC industry.
The chip shortage, which has prompted panic buying, is further squeezing capacity and driving up costs of even the cheapest components of nearly all microchips, according to industry experts.