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Samsung General Chemicals absorbs Samsung Petrochemical

SEOUL, April 2 (Yonhap) -- Samsung General Chemicals Co., an unlisted unit of South Korea's Samsung Group, said Wednesday that it will merge with Samsung Petrochemical Co., another unlisted subsidiary. The merged company, to be named Samsung General Chemicals, will be launched on June 1, with shareholders to get 2.14 Samsung General Chemicals shares for each Samsung Petrochemical share they have.

Samsung General Chemicals absorbs Samsung Petrochemical

SEOUL, April 2 (Yonhap) -- Samsung General Chemicals Co., an unlisted unit of South Korea's Samsung Group, said Wednesday that it will merge with Samsung Petrochemical Co., another unlisted subsidiary. The merged company, to be named Samsung General Chemicals, will be launched on June 1, with shareholders to get 2.14 Samsung General Chemicals shares for each Samsung Petrochemical share they have.

Smartphone giants want your body

Smartphone makers are fighting for space on your wrist and your head; lucrative real estate for a new wave of high-tech devices if only they can persuade you to wear them. Manufacturers unleashed a battery of new wearable devices at the world's biggest mobile fair in Barcelona, Spain, trying to carve out new revenue sources in developed markets where smartphone sales are slowing.

Smartphone giants want your body

Smartphone makers are fighting for space on your wrist and your head; lucrative real estate for a new wave of high-tech devices if only they can persuade you to wear them. Manufacturers unleashed a battery of new wearable devices at the world's biggest mobile fair in Barcelona, Spain, trying to carve out new revenue sources in developed markets where smartphone sales are slowing.

Samsung SDI reports shortfall in Q4

By Kang Yoon-seung SEOUL, Jan. 24 (Yonhap) -- Samsung SDI Co., the world's top maker of renewable batteries, said Friday it posted a shortfall in the fourth quarter as its earnings were dented by foreign exchange losses. Net loss came to 190.2 billion won (US$177 million) in the October-December period, compared with a profit of 45.8 billion won the previous year, the company said in a regulatory filing. Revenue slipped 14.8 percent on-year to 1.2 trillion won, and operating loss hit 55.5 billion won.

Taiwan Semiconductor profit up 7.7 percent in Q4

Taiwan Semiconductor Manufacturing Co on Thursday said fourth quarter net profit for the end of 2013 rose 7.7 percent year-on-year, but forecast a decrease in sales in the coming three months. The world's biggest contract chip maker said net profit rose to Tw$44.81 billion ($1.49 billion) in the October-December period, while revenue grew 10.9 percent to Tw$145.81 billion from a year earlier on demand for high-performance chips from smartphone and tablet makers.

Imagination Tech slumps on smartphone slowdown

LONDON (Reuters) - Imagination Technologies <IMG.L> said slowdown at the top end of the smartphone market would hit the number of chips shipped using its graphics and video technology in the second half of the year, sending its shares down 15 percent. Its lower guidance pushed its shares to more than three-year low of 207 pence by 0821 GMT.

Robust smartphone demand lifts Taiwan's export orders

Taiwan's export orders in September grew 2.0 percent year-on-year, the third monthly rise in succession, on strong European and US demand for smartphones, the government said Monday. Export orders -- orders filed to manufacturers one or two months ahead of delivery -- are a key indicator for the island's export-reliant economy. The September figure came in at $38.4 billion, following a 0.5 percent rise in both July and August, the economic ministry said.

TSMC posts record Q3 profit but forecasts weaker sales

Taiwan Semiconductor Manufacturing Co on Thursday said third quarter net profit rose 5.2 percent on-year to a record high, but the world's biggest contract chip maker warned of weaker sales in the coming three months. TSMC said net profit rose to Tw$51.95 billion ($1.77 billion) in the July-September period. Revenue also hit a record high of Tw$162.6 billion, up around 15 percent from a year earlier, driven by demand for high-performance chips from smartphone and tablet makers.

Britain's Hailo launches taxi-hailing smartphone app in Japan

Britain's Hailo Network Holdings Ltd. has started providing its smartphone application to hail a taxi in Osaka city, marking its entry into the Japanese market. The app -- offered in London, Chicago and 10 other cities in Europe and North America -- is designed to dispatch a taxi nearby to the location designated on the smartphone map. Approximate waiting time as well as the taxi's arrival will be notified.
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