Intel, the world's largest chip maker, is planning to participate in bids invited by Indian state-owned telecom equipment maker ITI Ltd to set up joint ventures, the Business Standard reported on Friday.
ITI intends to be a minority partner in the proposed joint ventures with a 26 per cent stake according to the bid proposals, the newspaper said.
It said Intel was interested in making the hardware and consumer premise equipment around WiMAX technology, which provides for wireless transmission of data up to 75 megabytes per second.
Though interested parties have been asked to participate before Jan 29, 2010, the telecoms ministry is holding a pre-bid conference before selecting them, the paper said.
Other global players that have showed interest include Huawei, Alcatel-Lucent, Samsung and Hitachi, the paper said.
A spokeswoman for Intel in India could not immediately respond to the report.
Agencies
Showing posts with label Hitachi. Show all posts
Showing posts with label Hitachi. Show all posts
Saturday, November 7, 2009
Friday, August 28, 2009
Japanese cos NEC, Hitachi, Casio to merge for mobile operations
Japan's NEC Corp, Hitachi Ltd and Casio Computer Co are in talks to merge their struggling mobile phone manufacturing operations to create Japan's No 2 handset maker, the Yomiuri daily reported on Friday.
Loss-making NEC could hive off its mobile operations and merge it with an existing joint venture between Hitachi and Casio to together develop handsets, or the three could merge their mobile phone production operations, the newspaper said without citing sources.
NEC would be likely to hold a majority of the new firm, it said. The three are struggling in Japan's saturated cellphone market and mounting development costs, said to be about 10 billion yen ($107 million) per handset. In the year ended in March, Sharp Corp controlled over one-fifth of Japan's handset market, followed by Panasonic Corp.
Agencies
Loss-making NEC could hive off its mobile operations and merge it with an existing joint venture between Hitachi and Casio to together develop handsets, or the three could merge their mobile phone production operations, the newspaper said without citing sources.
NEC would be likely to hold a majority of the new firm, it said. The three are struggling in Japan's saturated cellphone market and mounting development costs, said to be about 10 billion yen ($107 million) per handset. In the year ended in March, Sharp Corp controlled over one-fifth of Japan's handset market, followed by Panasonic Corp.
Agencies
Saturday, March 28, 2009
Toshiba to take over 100 percent of Panasonic LCD JV
Japan's Toshiba Corp plans to take a 100 per cent stake in its struggling liquid crystal display (LCD) joint venture with Panasonic Corp, a source with knowledge of the matter said.
Toshiba Matsushita Display Technology, currently owned 60 per cent by Toshiba and 40 per cent by Panasonic, is the world's second-largest maker of small and midsized LCD panels used in cell phones, car navigation systems and other devices.
Toshiba has decided to buy Panasonic's 40 per cent stake for several billion yen, the source said, confirming an earlier report in the Nikkei business daily.
No one at Toshiba or Panasonic, formerly named Matsushita Electric Industrial, was immediately available for comment.
The source spoke on condition of anonymity because the deal has not yet been made public.
Hit by falling prices and sluggish demand, Toshiba Matsushita Display is expected to post an operating loss of 30 billion yen on sales of 270 billion yen for the financial year ending this month.
Despite the earnings downturn, Toshiba still views the small and midsize display business as an important business and taking a 100 per cent stake will allow it to accelerate decision-making and restructuring, the source said.
Toshiba is planning to cut costs by 300 billion yen in the next business year from April as it braces for its worst-ever annual loss in the year ending this month.
At the same time the deal should allow Panasonic, the world's top maker of plasma TVs, to focus more of its resources on large displays, though it will still hold 25 per cent in another small and midsized LCD venture majority-owned by Hitachi Ltd.
Toshiba Matsushita Display held 10.3 per cent of the global market for small and midsize LCDs in 2008, second only to Sharp Corp's 20.2 per cent share, the Nikkei said, citing figures from research firm DisplaySearch.
The move will mark the latest realignment of the LCD sector.
Earlier this month NEC Corp said it would close a LCD plant in Japan while Sony Corp and Seiko Epson Corp announced that they were considering an alliance in small-sized LCDs.
After making the venture wholly-owned, Toshiba plans to scale back production of amorphous silicon panels, which have been hit hard by sliding prices, and focus on higher-end polycrystalline silicon panels, the Nikkei said.
Agencies
Toshiba Matsushita Display Technology, currently owned 60 per cent by Toshiba and 40 per cent by Panasonic, is the world's second-largest maker of small and midsized LCD panels used in cell phones, car navigation systems and other devices.
Toshiba has decided to buy Panasonic's 40 per cent stake for several billion yen, the source said, confirming an earlier report in the Nikkei business daily.
No one at Toshiba or Panasonic, formerly named Matsushita Electric Industrial, was immediately available for comment.
The source spoke on condition of anonymity because the deal has not yet been made public.
Hit by falling prices and sluggish demand, Toshiba Matsushita Display is expected to post an operating loss of 30 billion yen on sales of 270 billion yen for the financial year ending this month.
Despite the earnings downturn, Toshiba still views the small and midsize display business as an important business and taking a 100 per cent stake will allow it to accelerate decision-making and restructuring, the source said.
Toshiba is planning to cut costs by 300 billion yen in the next business year from April as it braces for its worst-ever annual loss in the year ending this month.
At the same time the deal should allow Panasonic, the world's top maker of plasma TVs, to focus more of its resources on large displays, though it will still hold 25 per cent in another small and midsized LCD venture majority-owned by Hitachi Ltd.
Toshiba Matsushita Display held 10.3 per cent of the global market for small and midsize LCDs in 2008, second only to Sharp Corp's 20.2 per cent share, the Nikkei said, citing figures from research firm DisplaySearch.
The move will mark the latest realignment of the LCD sector.
Earlier this month NEC Corp said it would close a LCD plant in Japan while Sony Corp and Seiko Epson Corp announced that they were considering an alliance in small-sized LCDs.
After making the venture wholly-owned, Toshiba plans to scale back production of amorphous silicon panels, which have been hit hard by sliding prices, and focus on higher-end polycrystalline silicon panels, the Nikkei said.
Agencies
Friday, January 30, 2009
Tech giants NEC, Hitachi announce 27,000 job cuts
High-tech giants NEC and Hitachi said on Friday they were cutting up to 27,000 jobs as Japan Inc. buckles under the strain of the global economic crisis.
NEC Corp. said it was slashing 20,000 jobs worldwide by March 2010 - half of them regular workers - as it sinks deeper into the red. About 40 percent will be in Japan and the rest overseas, NEC president Kaoru Yano told a press conference.
Hitachi Ltd. said it would shed up to 7,000 jobs as it forecast a net loss of 700 billion yen ($7.8 billion) in the current financial year to March. It will try to move full-time workers around within the company to minimise job losses, company president Kazuo Furukawa said.
"We will take various measures but may not be able to avoid cutting some regular workers," he said.
NEC announced the job losses after saying it expects a net loss of 290 billion yen ($3.2 billion) in the year to March as recessions in major economies from Japan to Europe and the United States hammer demand.
"It is regrettable that we have to announce such a big downgrade," Yano said. "We must cut waste."
Computer maker Fujitsu Ltd. said its net losses ballooned to 36.1 billion yen ($403 million) in the nine months to December, and forecast it would end the year to March in the red.
"I have absolutely no confidence in the fiscal year 2009," Fujitsu chief financial officer Kazuhiko Kato told reporters. "I have no clue what the outlook will be."
Japan is in the midst of its first recession in seven years as the global slowdown saps demand overseas for cars, computers, cameras and other key exports.
A slew of gloomy economic data released on Friday suggested the recession is deepening, with factory output falling a record 9.6 percent in December.
Japanese companies have also been hit hard by a strong yen, which recently soared to a 13-year high against the
Layoffs dollar.
There was more bad news from the car industry as Honda Motor Co. reported that its net profit dived 89 percent to 20.24 billion yen in the fiscal third quarter as car sales slumped.
All Nippon Airways meanwhile said it expects an annual net loss of nine billion yen -- its first in six years -- as travel to North America and Europe declines due to the global economic crisis.
There was also fresh misery in the banking sector as Mizuho Financial Group posted a net loss of 50.55 billion yen in the nine months to December due to the global financial crisis.
Mizuho has been badly hit by financial market turmoil and losses on toxic mortgage-backed securities. A year earlier it had made a net profit of 393.03 billion yen.
The group downgraded its outlook but still hopes to end the current financial year to March in the black. It expects a net profit of 100 billion yen, down from an earlier projection of 250 billion yen.
"The dislocation of the global financial markets stemming from US subprime issues has worsened with the failure of Lehman Brothers in September 2008 and has caused an economic downturn on a global scale," it said in a statement.
"As a result, the economic situation in and outside of Japan has been deteriorating rapidly."
Agencies
NEC Corp. said it was slashing 20,000 jobs worldwide by March 2010 - half of them regular workers - as it sinks deeper into the red. About 40 percent will be in Japan and the rest overseas, NEC president Kaoru Yano told a press conference.
Hitachi Ltd. said it would shed up to 7,000 jobs as it forecast a net loss of 700 billion yen ($7.8 billion) in the current financial year to March. It will try to move full-time workers around within the company to minimise job losses, company president Kazuo Furukawa said.
"We will take various measures but may not be able to avoid cutting some regular workers," he said.
NEC announced the job losses after saying it expects a net loss of 290 billion yen ($3.2 billion) in the year to March as recessions in major economies from Japan to Europe and the United States hammer demand.
"It is regrettable that we have to announce such a big downgrade," Yano said. "We must cut waste."
Computer maker Fujitsu Ltd. said its net losses ballooned to 36.1 billion yen ($403 million) in the nine months to December, and forecast it would end the year to March in the red.
"I have absolutely no confidence in the fiscal year 2009," Fujitsu chief financial officer Kazuhiko Kato told reporters. "I have no clue what the outlook will be."
Japan is in the midst of its first recession in seven years as the global slowdown saps demand overseas for cars, computers, cameras and other key exports.
A slew of gloomy economic data released on Friday suggested the recession is deepening, with factory output falling a record 9.6 percent in December.
Japanese companies have also been hit hard by a strong yen, which recently soared to a 13-year high against the
Layoffs dollar.
There was more bad news from the car industry as Honda Motor Co. reported that its net profit dived 89 percent to 20.24 billion yen in the fiscal third quarter as car sales slumped.
All Nippon Airways meanwhile said it expects an annual net loss of nine billion yen -- its first in six years -- as travel to North America and Europe declines due to the global economic crisis.
There was also fresh misery in the banking sector as Mizuho Financial Group posted a net loss of 50.55 billion yen in the nine months to December due to the global financial crisis.
Mizuho has been badly hit by financial market turmoil and losses on toxic mortgage-backed securities. A year earlier it had made a net profit of 393.03 billion yen.
The group downgraded its outlook but still hopes to end the current financial year to March in the black. It expects a net profit of 100 billion yen, down from an earlier projection of 250 billion yen.
"The dislocation of the global financial markets stemming from US subprime issues has worsened with the failure of Lehman Brothers in September 2008 and has caused an economic downturn on a global scale," it said in a statement.
"As a result, the economic situation in and outside of Japan has been deteriorating rapidly."
Agencies
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