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June 12, 2021

Electrical Components & Equipment (TRBC level 4)

EXCLUSIVE-Biden’s electric vehicle plan includes battery recycling push

By Trevor Hunnicutt, Ernest Scheyder June 4 (Reuters) – President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China......

China shares end higher as some IT firms pledge against anti-competition

* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Samsung Electronics says first-quarter profit likely rose 44%, matching expectations

By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. FILE PHOTO: The......

Samsung Electronics says Q1 profit likely rose 44%, in line with analyst estimate

SEOUL, April 7 (Reuters) – Samsung Electronics Co Ltd said on Wednesday first-quarter operating profit likely rose 44% on brisk sales of home appliances, smartphones and television sets, though chip earnings likely fell after a winter storm halted U.S. output. The South Korean technology giant forecast January-March profit of 9.3......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

Lumentum raises Coherent buyout offer to $7 billion

Optical fiber cable is pictured on a reel in a storage area in Perugia, Italy, June 26, 2017. Picture taken June 23, 2017. REUTERS/Alessandro Bianchi (Reuters) – Optical fiber firm Lumentum Holdings Inc said on Tuesday it has raised its buyout offer for Coherent Inc to about $7 billion, the......

Lumentum makes new $6.9 billion offer to buy Coherent

By Reuters Staff 1 Min Read (Reuters) – Laser maker Coherent Inc said on Wednesday it received a new acquisition offer from optical fiber firm Lumentum Holdings Inc, in a deal valued at $6.9 billion. Reporting by Eva Mathews in Bengaluru; Editing by Ramakrishnan M. Our Standards: The Thomson Reuters......

Apple says Wistron due to restart violence-hit India factory

Men wearing protective face masks walk past broken windows of a facility run by Wistron Corp, a Taiwanese contract manufacturer for Apple, in Narsapura near the southern city of Bengaluru, India, December 14, 2020. REUTERS/Stringer/File Photo NEW DELHI (Reuters) – Apple on Tuesday said Wistron had begun the process of......

Gores-backed SPACs to raise $640 mln through IPOs

Feb 2 (Reuters) – Two blank-check companies, backed by private equity firm Gores Group LLC, are looking to raise $640 million through initial public offerings (IPO), regulatory filings showed on Tuesday. The special purpose acquisition companies (SPACs) – Gores Technology Partners Inc and Gores Technology Partners II Inc – aim......

Tata puts post-pandemic bet on digital, electronics and health

(Reuters) – Tata Group plans to invest in digital, high-end electronics and healthcare in a post-pandemic world, the $100 billion conglomerate’s chairman said on Thursday. FILE PHOTO: N Chandrasekaran, Chairman of Tata Sons, speaks at the unveiling of Tata Motors HBX compact SUV at the India Auto Expo 2020 in......

Samsung Elec flags fourth quarter profit rise on chip, display sales

By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels. FILE PHOTO: The logo of Samsung Electronics is seen at its office......

Foxconn to make electric SUVs with Byton

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu BEIJING (Reuters) – Cash-strapped Chinese startup Byton, Apple assembler Foxconn and the Nanjing Economic and Technological Development Zone have agreed......

China says EU investment deal gives legally binding market access commitments

European Commission President Ursula von der Leyen, European Council President Charles Michel, German Chancellor Angela Merkel, French President Emmanuel Macron and Chinese President Xi Jinping are seen on a screen during a video conference, in Brussels, Belgium December 30, 2020. REUTERS/Johanna Geron/Pool BEIJING (Reuters) – China and the EU have......

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