US data storage company Western Digital has performed a U-turn on its bid to acquire Toshiba’s lucrative flash memory chip unit after negotiations stalled. The long-running saga looked like it was nearing its conclusion as Western Digital’s CEO jetted into Tokyo for talks with Toshiba last week - after previously seeking an injunction blocking the sale of its chip business, citing that it legally needed its consent before signing off on any deal.

Read more: Western Digital perform U-turn on Toshiba chip sale after talks stall

Western Digital Corp’s chief executive has flown to Japan to engage in final discussions with Toshiba over the sale of its lucrative chip memory business. The deal is expected to be finalized within the next few days, which would finally put an end to months of speculation and legal disputes which ensued between both entities.

Read more: Western Digital CEO in Japan to seal agreement to buy Toshiba’s chip business

Young consumers across Asia Pacific are now the core driver for new communications services and will have an impact on operators’ business, said Zhou Jianjuan, Vice President of Huawei’s Carrier Business Group, speaking at the Asia Pacific Emerging Markets Summit in Bangkok, Thailand, on August 29.

Read more: Huawei outlines dimensions to boost operators’ business in Asia Pacific

Chinese e-commerce giants Alibaba has enjoyed another incredible financial quarter as it overseen its profits double - as its phenomenal success shows no sign of abating. Alibaba disclosed its latest financial results last week and it revealed that it made a profit of $2.1 billion for its recent quarter, which represents a 96% increase year-on-year.

Read more: Chinese e-commerce leaders double profits as phenomenal success continues

South Korean conglomerate Samsung Electronics has formally announced that it plans to invest $7 billion in its NAND memory chip production over the next three years. Samsung has a production facility in the northwestern Chinese city of Xi’an - and made the disclosure via statement which ended months of speculation in relation to the investment.

Read more: Samsung set to invest $7 billion in its NAND chip business in China

Chinese firm DPVR overtook HTC as the top virtual reality (VR) headset vendor in China in Q2 2017, according to Canalys research, shipping 18,000 headsets, resulting in a 30 percent quarter-on-quarter increase. HTC, whose only product is the HTC Vive basic headset, suffered a 6 percent sequential decline, shipping 14,000 units.

Read more: Chinese firm DPVR overtakes HTC’s leading VR spot in China

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