ITRI promotes new standard
Taiwan’s semi-official Industrial Technology Research Institute (ITRI) announced on Friday that it would partner with Bit-Torrent Inc, a US-based file sharing service provider, to deploy new standards for consumer electronics device manufacturers. BitTorrent, which has amassed 100 million community users for its multimedia content on all forms of electronic devices, is promoting the “Bit-Torrent Certified” standard that ensures compatibility among software, devices and content within the ecosystem. Devices with the proof-of-concept standard, like a computer in the shape of a vase, are being featured by ITRI and BitTorrent at the Consumer Electronics Show in Las Vegas, ITRI said in an e-mail statement. ITRI will work with BitTorrent to promote the BT logo and industry standards, such as jointly developing next-generation peer-to-peer and cloud computing technologies.
Verizon reignites rumors
Verizon Wireless says it will hold a press conference on Tuesday, reigniting rumors that it will become the second US carrier to sell Apple Inc’s iPhone. At the International Consumer Electronics Show this week in Las Vegas, Verizon unveiled phones and tablets that will run on its next-generation wireless network, making it significant that Verizon will still have an announcement big enough to warrant a press conference in New York a week later. Rumors that Verizon would carry the iPhone have become louder in recent months, as AT&T Inc is believed to be nearing the end of its exclusive hold on the iPhone.
Saab names interim CEO
Saab Automobile AB on Friday replaced its top executive in the US, naming Matthias Seidl interim CEO for Detroit-based Saab Cars North America effective immediately. Seidl replaced Michael Colleran, who resigned “to pursue further career opportunities,” Saab said in a statement. Jan Ake Jonsson, president and CEO of Saab Automobile AB, said Seidl temporarily takes on responsibility for Saab Cars North America in addition to his current position as executive director of global sales.
US firms investigated
The US Justice Department is investigating claims of anti-competitive behavior by shipping companies FedEx Corp and UPS Inc. Los Angeles attorney Maxwell Blecher says in a sworn court document that a federal antitrust attorney called him and disclosed the investigation. The Justice Department declined to confirm the investigation on Friday. FedEx and UPS say they are aware of the investigation. Blecher represents a firm called AFMS that helps companies negotiate lower rates from UPS and FedEx. The company’s federal lawsuit says UPS and FedEx announced on the same day that they would no longer deal with such consultants.
Genzyme, Sanofi eye deal
US biotech drugmaker Genzyme Corp is discussing a more lucrative deal with French giant Sanofi-Aventis, which has been unsuccessfully pursuing the company since July, the Wall Street Journal reported on Friday. According to persons cited by the Journal, the companies are discussing an agreement that would value Genzyme at US$20.7 billion, or US$80 per share. Cambridge, Massachusetts-based Genzyme has repeatedly rejected Sanofi’s takeover bid of US$18.5 billion, or US$69 per share. The Journal identified the sources as “people familiar with the matter.”
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to
The latest US government action against Huawei Technologies Co (華為) takes direct aim the company’s HiSilicon (海思) chip division — a business that in over the past few years has become central to China’s ambitions in semiconductor technology, but is now to lose access to tools that are central to its success. That could make it the most damaging measure by the US yet against a Chinese company. On Wednesday, US officials told reporters that the Huawei’s chip division functioned as a “tool of strategic influence” for the Chinese Communist Party. Huawei, for its part, denounced the US allegations and called the