Business

U.S. memory chip maker Micron ships latest DRAM chip to smartphone partners

U.S.-based memory chip maker Micron Technology Inc (MU.O) on Tuesday said it started shipping samples of its most advanced DRAM chip based on the LPDDR5X, low-power double data rate 5X, standard to smartphone makers to test out. The latest DRAM chip was made using Micron’s most cutting-edge manufacturing technology, referred to as 1-beta. The company […]

Business

China to encourage more foreign investment in manufacturing industry

An official of China’s state planner said on Wednesday that the country’s foreign investment has increased steadily so far this year and that it will encourage more foreign investment in the manufacturing industry. Xia Qing was speaking at an APEC workshop on supply chains in Beijing. China’s foreign direct investment (FDI) rose 15.6% from a […]

Business

Sony shares jump 9% after profit forecast hike

Shares in Sony Group Corp (6758.T) leapt 9% on Wednesday morning after the entertainment conglomerate hiked its full-year profit forecast in contrast to lacklustre projections by many peers. Sony reported that it produced more than 6.5 million PlayStation 5 (PS5) units during the second quarter ahead of the year-end shopping season, signalling that supply chain […]

Business

Bank of Canada not ruling out another oversized hike to fight inflation

The Bank of Canada has not ruled out another oversized interest rate hike to fight sky-high inflation, governor Tiff Macklem said on Tuesday, acknowledging Canadians feel “ripped off” by fast rising prices. Macklem, answering questions in the Senate’s banking, trade and economy committee, said that while the central bank is starting to see signs rate […]

Business

More Twitter officials leave, gutting top management

In an expanding exodus of Twitter’s top management, officials including its advertising and marketing chiefs left the company in the past few days, according to statements and a person with direct knowledge of the matter. The departures come after billionaire Elon Musk’s $44 billion takeover of the company last week, followed by his firing of […]

Business

S.Korea inflation ticks up in Oct, seen staying elevated for while

South Korea’s annual consumer inflation in October ticked up from September against market expectations for no change, led by lagging effects of earlier global raw materials prices, government data showed on Wednesday. Both the finance ministry and the central bank played down the accelerated pace of prices growth in separate statements and affirmed their previous […]

Business

Bentley’s profit gets a lift from niche, personalised cars

Luxury British carmaker Bentley said on Wednesday that its operating profit for the first nine months of 2022 more than doubled, as global economic uncertainty failed to dent customer interest for niche models and increased car customisation. The unit of German carmaker Volkswagen (VOWG_p.DE) posted an operating profit for the first three quarters of 2022 […]