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U.S. explores requiring domestic 5G equipment to be made outside China: WSJ

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Sprint technicians work on the installation 5G technology next to fiber cables on top of a building in New York City, U.S., June 11, 2019. REUTERS/Shannon Stapleton (Reuters) – U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed and manufactured outside China, the Wall Read More

Germany’s Metro says $6.6 billion bid undervalues company

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FRANKFURT (Reuters) – Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further. FILE PHOTO: German retailer Metro AG sign is seen on the steps of their headquarters in Duesseldorf, Germany Read More

Foxconn picks chip-unit head for chairman, as Gou seeks Taiwan presidency

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TAIPEI (Reuters) – Foxconn chose chip-unit boss Liu Young-way as chairman of the world’s biggest electronics contract manufacturer to succeed Terry Gou, who is preparing to contest Taiwan’s presidential elections next year. FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Read More

Foxconn chairman hands over reins ahead of presidential bid

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TAIPEI (Reuters) – Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year. FILE PHOTO: Terry Gou, founder and chairman of Foxconn reacts during an interview with Reuters in New Read More

Foxconn chairman hands over reins to new committee

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FILE PHOTO: Terry Gou, founder and chairman of Foxconn reacts during an interview with Reuters in New Taipei City, Taiwan June 12, 2017. REUTERS/Eason Lam/File Picture TAIPEI (Reuters) – Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as Read More

FTC objects to Qualcomm submission of Apple documents in antitrust case

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(Reuters) – The U.S. Federal Trade Commission on Thursday objected to a move by mobile chip supplier Qualcomm Inc to introduce internal Apple Inc documents in its fight to stop the enforcement of a May antitrust ruling. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited Read More

US tariffs against China are sanctions by another name, meant to hobble states – Putin

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China and Russia have one thing in common – the US is targeting both nations with economic sanctions that are designed to undermine their economic growth and to help America compete with them, said Vladimir Putin. “China has nothing to do with Crimea or Donbass . Read More

Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

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WASHINGTON/BEIJING (Reuters) – Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week’s meeting between President Donald Trump and Chinese President Xi Jinping in Japan as the two countries take another shot at resolving their damaging trade dispute. FILE PHOTO: U.S. Trade Read More

Apple explores moving 15-30% of production capacity from China: Nikkei

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(Reuters) – Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday. Apple’s request was a result of the extended Sino-U.S. trade Read More