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US stocks rise on Citi earnings, retail sales

US stocks rose decisively Monday after a solid earnings report from Citigroup and encouraging retail sales data, reversing course after deep losses late last week. The Dow Jones Industrial Average jumped 146.49 points (0.91 percent) to 16,173.24, while the S&P 500 gained 14.92 (0.82 percent) at 1,830.61. The Nasdaq, which has fallen sharply over the last month, added 22.96 (0.57 percent) at 4,022.69.

Micron posts second-quarter profit, says outlook favorable

By Noel Randewich SAN FRANCISCO (Reuters) - Memory chip maker Micron Technology Inc posted better-than-expected fiscal second-quarter results and said the outlook for the memory industry is favorable as it switches production lines to make NAND chips used in smartphones and tablets from making DRAM chips for personal computers. Prices for DRAM chips made by Micron, Samsung Electronics and SK Hynix have bounced back from a deep memory chip price slump in 2012 that led some chipmakers to throttle back production.

Globalfoundries edges out Intel for IBM chip-making business: WSJ

(Reuters) - Contract chipmaker Globalfoundries has emerged as the leading candidate to buy IBM's semiconductor operations, edging out Intel Corp, the Wall Street Journal cited unidentified sources as saying on Thursday. IBM had held discussions with those two companies as well as Taiwan Semiconductor Manufacturing Co, but California-based Globalfoundries showed keener interest and TSMC ultimately dropped out for unspecified reasons, the Journal cited people familiar with the matter as saying.

Companies upbeat about Q1 earnings, brush off 'earnings shock' concerns

SEOUL, March 30 (Yonhap) -- South Korea's leading companies are generally upbeat about their earnings in the first quarter and are brushing off initial "earnings shock" concerns, industry and financial sources said Sunday. The predictions come as listed companies prepare to announce their earnings report for the three-month period in the coming weeks, amid worries raised by some investors spooked by a possible repeat of the "earnings shock" of Samsung Electronics Co. late last year.

Samsung to complete Chinese chip plant in May

SEOUL, March 26 (Yonhap) -- Samsung Electronics Co., the world's largest memory chipmaker, said Wednesday that its semiconductor plant under construction in central China will be completed by May, 20 months after the groundbreaking. The South Korean tech giant had begun the construction in September 2012, injecting a total of US$7 billion, making it the largest amount of money the company has spent on a single project in China. The plant will be producing the 10 nano-level NAND flash memory chips, which are used for smartphones and other mobile devices.

Samsung retains No. 2 spot in global chip market in 2013

SEOUL, March 23 (Yonhap) -- South Korean chipmaker Samsung Electronics Co. retained the No. 2 spot in the world's semiconductor market for the second consecutive year in 2013, bridging the gap with market leader Intel Corp., industry data showed Sunday. According to the data by industry tracker IHS iSuppli, Samsung's chip sales rose 8.2 percent on-year to US$33.82 billion last year, with its global market share rising to 10.6 percent from 10.3 percent.

SK hynix sued by Toshiba over chip technology leak

SEOUL, March 14 (Yonhap) -- SK hynix Inc., a South Korean computer memory chipmaker, said Friday that it has been sued by Japanese tech firm Toshiba Corp. seeking damages over an alleged theft of technology related to flash memory chips used in smartphones and other mobile devices. "Toshiba has filed civil lawsuits (against us) with the Tokyo District Court seeking compensation for damages (related to the suspected technology leak)," SK hynix said in a regulatory filing, stopping short of giving details on the case. SK hynix said it had not yet received the litigation.

SK hynix sued by Toshiba over chip technology leak

SEOUL, March 14 (Yonhap) -- SK hynix Inc., a South Korean computer memory chipmaker, said Friday that it has been sued by Japanese tech firm Toshiba Corp. seeking damages over an alleged theft of technology related to flash memory chips used in smartphones and other mobile devices. "Toshiba has filed civil lawsuits (against us) with the Tokyo District Court seeking compensation for damages (related to the suspected technology leak)," SK hynix said in a regulatory filing, stopping short of giving details on the case. SK hynix said it had not yet received the litigation.

Toshiba sues Hynix for damages over NAND flash technology leak

TOKYO (Reuters) - Toshiba Corp said on Friday it had filed a lawsuit against SK Hynix Inc seeking damages over the suspected leak of its flagship NAND flash memory chip technology to the South Korean rival. The suit, filed with the Tokyo district court, follows the arrest by Tokyo police of a former engineer at a Toshiba-affiliated chipmaker who was suspected of improperly providing technical data to SK Hynix. (Reporting by Chang-Ran Kim; Editing by Dominic Lau)

Gov't to check laws to prevent technology leaks

The Japanese government said Friday it will investigate potential flaws in the country's legislation concerning leaks of domestic technology following the revelation that a former engineer illegally gave Toshiba Corp.'s flash memory research data to a South Korean company. "It is often said that Japan's legislation intended to prevent leaks lags behind other countries...If necessary, I think there could be a revision of related laws," economic and fiscal policy minister Akira Amari told a press conference.
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