Technology 

Apple supplier Japan Display to get $700 million bailout from China, Taiwan group: Kyodo

FILE PHOTO – Japan Display Inc’s logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Ailing Apple supplier Japan Display Inc will receive up to 80 billion yen ($723 million) in a bailout from a group of Chinese and Taiwanese investors, Kyodo news agency reported. A group including China’s state-backed Silk Road Fund and Taiwanese panel maker TPK Holding Co will inject around 60 billion to 80 billion yen, taking a stake of 30-50 percent in Japan Display, Kyodo said, without…

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Technology 

GM Canada says Oshawa production stopped due to supplier strike

FILE PHOTO – The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio TORONTO (Reuters) – Production at General Motors’ plant in Oshawa, Ontario, stopped at approximately 12:30 p.m. EST on Friday, a spokesman said, after the U.S. automaker exhausted its on-hand supply of seats from Lear Corp, where workers are striking. It was unclear if the output of both trucks and cars was affected, what impact the stoppage had on daily production, or when production would resume, GM Canada spokesman David Paterson said. Reporting by…

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Edinburgh-based energy supplier Our Power folds

Image copyright Getty Images Image caption Electricity supplies to Our Power customers are “secure” Edinburgh-based Our Power, which has 38,000 customers, has gone out of business. Its website said the interests of customers would be protected and power supplies were “secure”. The jobs of 70 members of staff at the not-for-profit company are at risk. An administrator is expected to be appointed on 31 January. The Scottish government is thought to have lost nearly £10m in loans to the failed energy supplier. The firm was set up four years ago…

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Technology 

German supplier unveils new self-driving car computer, adds Xilinx chips

(Reuters) – German auto parts supplier ZF Friedrichshafen AG [ZFF.UL] rolled out its newest self-driving car computer on Monday at the Consumer Electronics Show in Las Vegas and offered the option of using Xilinx Inc chips in some of its devices for the first time. ZF, a longtime supplier of transmissions and other critical parts which has branched into sensors and computers for self-driving vehicle systems, hopes its ProAI RoboThink will one day power fully autonomous-driving cars that can roam anywhere – what the industry calls “level five” driving. The…

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Technology 

Apple supplier Foxconn seeks to cut costs in 2019: Bloomberg

(Reuters) – Apple Inc’s (AAPL.O) biggest iPhone assembler Foxconn (2317.TW) aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces “a very difficult and competitive year”, Bloomberg reported on Wednesday, citing an internal memo. Visitors are seen at a Foxconn booth at the World Intelligence Congress in Tianjin, China May 19, 2018. REUTERS/Stringer The Taiwan-based producer said in a statement it was conducting a regular annual review to budget effectively for 2019, but it was also the latest to point to concerns over demand…

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Technology 

Apple shares drop after iPhone supplier Lumentum cuts forecast

(Reuters) – Apple Inc (AAPL.O) shares fell to their lowest in more than three months on Monday as the main supplier for its Face ID technology, Lumentum Holdings Inc (LITE.O), slashed revenue and profit forecasts, citing reduced orders from a major customer. Thailand’s first flagship Apple store is seen at Iconsiam shopping mall in Bangkok, Thailand November 9, 2018. REUTERS/Soe Zeya Tun Stoking fears among investors that demand for iPhones is waning, Lumentum said in its statement the customer was “one of our largest… for laser diodes for 3D sensing”,…

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Technology 

Apple supplier AMS hit by forecast doubts amid chip slowdown

VIENNA (Reuters) – Apple (AAPL.O) chip supplier AMS AG (AMS.S) disappointed investors with its fourth quarter forecast, knocking 25 percent off the value of its shares despite the Austrian firm winning deals with other smartphone makers. FILE PHOTO: A customer visits “re:Store” Apple reseller shop during the launch of the new iPhone XS and XS Max smartphones sales in Moscow, Russia September 28, 2018. REUTERS/Tatyana Makeyeva AMS shares hit a 20-month low on Tuesday after some analysts questioned whether the chipmaker specializing in sensors could achieve its $2.7 billion 2019…

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Apple to buy part of supplier Dialog’s business in $600 million deal

BERLIN/SAN FRANCISCO (Reuters) – Apple Inc has agreed to buy a portion of chip supplier Dialog Semiconductor Plc’s business in a $600 million deal, the two companies said Thursday, expanding the iPhone maker’s chip operations in Europe. A customer stands underneath an illuminated Apple logo as he looks out the window of the Apple store located in central Sydney, Australia, May 28, 2018. REUTERS/David Gray Since the first iPhones a decade ago, Apple has used Dialog power management chips to help its devices manage battery life. Under the deal, Apple…

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Technology 

LG Display picked as second OLED supplier for iPhones: Electronic Times

SEOUL (Reuters) – South Korea’s LG Display has been chosen as a second supplier for organic light-emitting diode (OLED) screens for Apple’s iPhones, the Electronic Times reported on Friday. A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo Samsung Display, a unit of Samsung Electronics, was the sole supplier of OLED displays for Apple. A spokeswoman at LG Display declined to comment. A representative at Apple’s South Korea office was not available for comment. Apple introduced its largest-ever iPhone and a…

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Technology 

Older iPhones may lose dongles, move to hurt chip supplier Cirrus: Barclays

(Reuters) – Apple Inc’s older iPhones would no longer include lightning-to-headphone jack adapters, the company’s website showed on Thursday, which according to Barclays would hurt audio chip supplier Cirrus Logic. FILE PHOTO: A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song/File Photo Shares of Cirrus, which makes analog chips used in Apple devices, fell 3.8 percent to $39.46. In fiscal 2018, Apple accounted for about 81 percent of Cirrus total sales. Cirrus…

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