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France's Thales Q1 sales rise 1.9% and company keeps its forecasts

By Reuters Staff
2 Min Read
PARIS, May 6 (Reuters) - French defence and technology group Thales posted higher than expected first-quarter revenues and orders as it returned to growth in the wake of the coronavirus crisis.
The French group said quarterly revenues rose 1.9% on a like-for-like basis to 3.917 billion euros ($4.70 billion), led by demand for military radars and cybersecurity and offsetting lower civil aerospace activity heavily impacted by the pandemic.
The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Thales makes radars, and a Franco-Italian air defence system, as well as a broadband satellite for Indonesia. ....

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Taiwan's Foxconn forms semiconductor JV with Yageo

By Reuters Staff
2 Min Read
TAIPEI (Reuters) -Taiwan’s Foxconn said on Wednesday it has formed a joint venture with Yageo Corp to expand its presence in the semiconductor industry, as a global chip shortage rattles producers of goods from cars to electronics.
FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang
The supply bottleneck has led to production cuts and warnings of supply chain disruption from manufacturers across the world this year.
Electronics manufacturing conglomerate Foxconn, which counts tech giants such as Apple among its top clients, said in a statement the two companies will set up a new firm in Taiwan called XSemi Corporation. ....

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Francisco Partners, TPG buy Dell's cloud business Boomi for $4 billion

By Reuters Staff
1 Min Read
FILE PHOTO: A Dell logo is pictured on the front of a computer in this photo illustration in the Manhattan borough of New York October 12, 2015. Computer maker Dell Inc said on Monday it had agreed to buy data storage company EMC Corp in a $67 billion record technology deal that will unite two mature companies and create an enterprise technology powerhouse. REUTERS/Carlo Allegri
(Reuters) -Computer maker Dell Technologies Inc on Sunday said private-equity firms Francisco Partners and TPG Capital have entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. ....

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Exclusive: IBM to acquire software provider Turbonomic - sources

IBM said on Thursday it has agreed to acquire Turbonomic, a provider of software that helps companies monitor the performance of their business applications, the latest in a series of cloud computing acquisitions by the tech giant. ....

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China market regulator will step up inspection in major anti-monopoly cases

By Reuters Staff
1 Min Read
BEIJING, April 15 (Reuters) - An official of China’s market regulator said on Thursday that the authority will step up inspection in major anti-monopoly cases in accordance with the law, state news agency Xinhua reported.
The regulator will further enhance supervision ability to protect interests of consumers, said Liu Weijun, head of the Department of Certification Regulation at the State Administration for Market Regulation (SAMR). (Reporting by Beijing newsroom; Editing by Toby Chopra) ....

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