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☆ Toshiba Shareholders Approve $13.5 Billion Deal to Take Company Private
  + stars: | 2023-09-21 | by ( Kosaku Narioka | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/deals/toshiba-shareholders-approve-13-5-billion-deal-to-take-company-private-7ff88d61
Persons: Dow Jones Organizations: toshiba
☆ Bank of Thailand Raises Rate to Tame Inflation
  + stars: | 2023-05-31 | by ( Kosaku Narioka | ) www.wsj.com   time to read: 1 min
Thailand’s central bank increased its policy rate as it continued its efforts to tame inflation. The Bank of Thailand said Wednesday that its policy committee voted unanimously to raise its one-day repurchase rate by 25 basis points to 2.00%, effective immediately. All eight economists polled by The Wall Street Journal had expected the central...
Organizations: Bank, Thailand, Wall Street
☆ Foxconn’s November Revenue Fell 11% After Covid Outbreak at iPhone Factory
  + stars: | 2022-12-05 | by ( Kosaku Narioka | ) www.wsj.com   time to read: 1 min
Foxconn said in its monthly revenue report that the Covid situation is under control and it is moving toward restoring normal production capacity. Foxconn Technology Group ‘s November revenue dropped 11% from a year earlier after shipments from Zhengzhou, China, the world’s biggest iPhone assembly site, were affected by a Covid-19 outbreak, the company said Monday. Foxconn’s November revenue fell to 551.1 billion new Taiwan dollars, equivalent to $18 billion, from NT$621.7 billion a year earlier, the company said.
☆ TSMC Reports Record Profit, Gains Exemption From U.S. Chip Curbs on China
  + stars: | 2022-10-13 | by ( Yang Jie | Kosaku Narioka | ) www.wsj.com   time to read: 1 min
Taiwan Semiconductor Manufacturing Co. said that its third-quarter net profit rose 80% to a new record, and that it had been granted a one-year exemption from new U.S. restrictions on China’s chip sector, allowing it to keep expanding its facilities in the country. The world’s largest contract chip maker’s strong performance in the quarter was due to strong sales of its cutting-edge chips used in smartphones and other devices, as well as higher margins.
☆ TSMC Trims Capital Spending Forecast Amid Chip Headwinds
  + stars: | 2022-10-13 | by ( Yang Jie | Kosaku Narioka | ) www.wsj.com   time to read: 1 min
TOKYO— Taiwan Semiconductor Manufacturing Co. cut its capital expenditure forecast by about 10% this year, despite reporting a record quarterly profit surge, responding to headwinds including slowing global chip demand and rising costs. The world’s largest contract chip maker on Thursday posted an 80% increase in net income for the July-to-September quarter, mainly due to strong sales of its cutting-edge chips used in smartphones and other devices.
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