Wed, Jan 25, 2012 - Page 5 News List

Business Quick Take

Agencies

MICROCHIPS

Three-way alliance nears

Japanese microchip maker Elpida Memory Inc is in final talks to form a three-way business tie-up with Micron Technology Inc of the US and Taiwan’s Nanya Technology Corp (南亞科技), a report said yesterday. The alliance would have a 28 percent share of the global market for DRAM chips, the second-largest following Samsung Electronics Co of South Korea, which has a 45 percent share, the Yomiuri Shimbun reported. Through the tie-up with Micron, which is also a leading maker of NAND flash memory, the Japanese firm would be able to widen its product line, while the partnership with Nanya would help it cut manufacturing costs, the Nikkei Shimbun reported at the weekend.

VIDEO GAMES

Taipei show starts on Feb. 2

The annual video game exhibition in Taipei will be held this year right after the Lunar New Year holiday at a bigger and more popular venue to accommodate a growing number of exhibitors and game enthusiasts. The Taipei Computer Association (TCA), which is organizing the event, has decided to move it to the Taipei World Trade Center Nangang Exhibition Hall. The products on display will range from online and PC games to smartphone applications and toy models, TCA said. The show will run from Feb. 2 to 6 and is expected to attract 300,000 visitors.

INTERNET

Google ‘thrives’ in China

Google Inc’s business in China is growing and “continues to thrive” amid demand for advertising services in the world’s most populous country, said Daniel Alegre, president of the company’s Asia-Pacific operations. Google ran afoul of Chinese authorities in 2010 for refusing to abide by local censorship rules and began redirecting users to pages in Hong Kong. Still, the company is focusing on products that are “non-sensitive” in China’s market, Alegre said in an interview with Bloomberg Television. Google is seeing strong demand for advertising with its mobile and desktop services, he said. “We never left China, and we continue to believe in the market,” Alegre said.

AVIATION

Australia sues AirAsia

AirAsia was yesterday slapped with a lawsuit by Australian regulators accusing the Asian budget carrier of failing to disclose the full price of fares on its Web site. The Malaysia-based airline, which flies international services out of Australia from the Gold Coast, Melbourne and Perth, with Sydney to be added from April, was named in documents lodged at the Federal Court in Melbourne. The Australian Competition and Consumer Commission, the country’s consumer watchdog, claims some fares sold on AirAsia’s Web site do not display prices inclusive of all taxes, duties and fees.

STEEL

Global production up 6.8%

World steel production rose 6.8 percent last year to a record 1.527 billion metric tonnes, the World Steel Assocation said. Growth was 8.9 percent in China, 7.1 percent in the US, 1 percent in Germany, 5.7 percent in India and 17 percent in Turkey, the Brussels-based group said in a report on its Web site on Monday. Japan fell 1.8 percent, it said.

ELECTRICITY

S Korea sales growth slows

Electricity sales in South Korea rose 4.8 percent by volume last year to 455.1 billion kilowatt hours, the Ministry of Knowledge Economy said in an e-mailed statement. The increase compares with a rise of 10.1 percent in 2010, the statement said.

PHOTOGRAPHY

Kodak replaces restructurer

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