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US jury awards Apple US$539m in Samsung patent retrial

SAN FRANCISCO, May 25 — After nearly five days of deliberations, a US jury yesterday said Samsung Electronics Co Ltd should pay US$539 million (RM2.14 billion) to Apple Inc for copying patented smartphone features, according to court documents,…


The Lucky 56: Xiaomi IPO to make dozens of workers millionaires

BEIJING, May 22 — Eight years ago, before China’s Xiaomi Corp had sold a single smartphone, 56 of the earliest employees pulled together US$11 million (RM43.7 million) to invest in the startup. Rank-and-file workers dipped into savings and…


S. Korea’s LG Group chairman dies from illness at 73

SEOUL, May 20 — The chairman of LG Group, Koo Bon-moo, who helped transform South Korea’s fourth-largest conglomerate into a global brand, passed away today after a battle with a brain disease. Koo, 73, had been ill for a year, LG Group said in…


Oil rides best weekly winning streak since 2011 on flaring risks

LONDON, May 18 — Oil in London is set for the longest weekly run of gains in seven years on growing concerns over supply disruptions from the Middle East to Venezuela and on signs a global glut has dwindled. Brent futures are heading for a sixth…


China approves Toshiba’s sale of US$18b chip unit to Bain consortium

TOKYO, May 17 — Toshiba Corp said today that China regulators have approved the US$18 billion (RM71.4 billion) sale of its chip unit to a consortium led by US private equity firm Bain Capital, marking the end to a year-long saga surrounding its…


Next-era tech products to drive reboot of Asia's growth engine

TOKYO, May 14 — The technology boom powering Asia’s economies is about to get a reboot. Explosive growth in new-era gadgets such as wearable devices and internet-linked home appliances is tipped to offset cooling sales of smartphones, which has…


Slowdown in China drags smartphone sales

KUCHING: According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, smartphone vendors shipped a total of 334.3 million units during the first quarter of 2018 (1Q18), resulting in a 2.9 per cent decline when compared to the 344.4 million units shipped in the first quarter of 2017. The China […]


Inside Hyundai heir’s plan to fend off Elliott attack

SEOUL, May 11 — With one of the most tenacious activist investors breathing down his neck, Hyundai Motor Group’s crown prince is preparing to defend his family’s dominance of the world’s fifth-largest automotive empire by seeking to win over…


China's Xiaomi shows off scorching growth ahead of mega IPO

HONG KONG, May 3 — Xiaomi Corp, going for wow-factor ahead of what could be the largest initial public offering since 2014, has revealed a blistering pace of growth that’ll help it take on Apple and Samsung in global smartphones. The Chinese…


How Samsung fell behind Sony and LG in the premium TV market

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SEOUL (May 2): At the 2013 annual Consumer Electronics Show in Las Vegas, flashy organic light-emitting diode (OLED) televisions sporting credit card-thin screens were at the front and centre of Samsung Electronics’ new gadgets display. Later that year, the South Korean company splurged on marketing the televisions – which then retailed at around US$10,000 for the 55-inch model — to the ultra wealthy. Among the promotions was a penthouse party for the residents of One Hyde Park in London, labelled the world’s most expensive residential block. But by 2015, itRead More