Worldwide semiconductor market to grow by 17.3% in 2021: IDC

The worldwide semiconductor market is expected to grow by 17.3 per cent in 2021 versus 10.8 per cent in the previous calendar year, according to research firm IDC. The industry will see normalisation and balance by the middle of 2022, with a potential for overcapacity in 2023 as larger scale capacity expansions begin to come … Read more

Samsung skips telecom PLI scheme; Ericsson participates through Jabil

South Korean electronics major Samsung has not applied for the production-linked incentive scheme for telecom gear manufacturing, while Swedish telecom gear maker Ericsson is participating through its vendor Jabil Circuit. The government is learnt to have received 37 applications for the scheme, including from leading global manufacturers like Foxconn and its subsidiary Rising Star, Flex, … Read more

Toshiba CEO resigns, shares surge on bidding war expectations: Details here

Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that more suitors were planning offers. Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement.   The statement gave no reason for the … Read more

Photo finish: end of an era as Olympus sells camera division

Said Wednesday it is selling its struggling camera division to focus on medical equipment — now the major portion of the storied firm’s business. Olympus has been in the camera business since 1936, when it launched a product using the “Zuiko” lens, but it has struggled along with industry rivals as demand for traditional cameras … Read more