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

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

Chinese telecommunications colossus ZTE has attributed its first-half net profit success to its investment in 4G infrastructure and handsets. The world’s fourth-largest vendor of smartphones has hit its projected first-half net profit target forecast of 30%.

Read more: Chinese vendor reports 30% rise in first-half profit on 4G and handsets

Increased data usage fueled growth in Thailand’s mobile industry in the first half of 2017, according to the National Economic and Social Development Board. Pricing competition in the sector dropped, and overall Thailand’s economy increased by the fastest rate in four years.

Read more: Data fuels growth in Thailand’s mobile industry

Chinese mobile and fixed-line operator China Telecom posted positive interim results for 2017, with net profit increasing 7.4 percent to 12.54 billion yuan ($1.88 billion), compared with a net profit of 11.67 billion the previous year. But the company said it won’t pay an interim dividend this year to allow for funding flexibility.

Read more: China Telecom posts profits, but won’t pay dividend

Japanese conglomerate Toshiba is set to end its long-running feud with Western Digital – following its confirmation that it is set to enter talks with the US firm over the sale of its prized memory chip business. It has been reported that discussions between both entities had only reopened because negotiations with Toshiba’s preferred bidder had stalled.

Read more: Toshiba set to end long-running saga by selling memory chip business to Western Digital

South Korean conglomerate Samsung has been rocked following the decision by Seoul Central District Court to sentence its leader to five years in jail for bribery. Billionaire, Jay Y. Lee, was the head of Samsung Group but his career is now in turmoil as it faces up to the prospect of spending the next five years in prison.

Read more: Head of Samsung sentenced to five years in jail for bribery

China, according to state media, has launched a digital “cyber-court” in an effort to deal with rising internet-related crimes. The first case – a copyright dispute between an online writer and a web company – was heard on August 18, at the new Hangzhou Internet Court.

Read more: China launches ‘cyber-court’ to deal with internet crimes

More Articles ...