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Chip designer Dialog de-risks with US$500 million Adesto deal

Anglo-German chip designer Dialog Semiconductor is buying California-based Adesto Technologies for US$500 million to diversify further away from its reliance Apple, it said on Thursday.

Markets

MGM Resorts says was victim of data breach last year

US casino operator MGM Resorts International said on Thursday it was the victim of a data breach last year after an earlier report claimed that details of over 10.6 million hotel guests had been compromised.

Markets

South Korea’s Hynix says 800 workers to stay home after trainee had contact with virus patient

South Korean chipmaker SK Hynix said on Thursday that 800 of its workers had quarantined themselves as a precautionary measure to prevent the spread of the coronavirus, but its production in the city of Icheon has not been affected.

Markets

Audio book streamer Storytel sees strong growth ahead as fourth-quarter losses grow

STOCKHOLM: Swedish audio book streaming group Storytel on Thursday forecast continued strong growth in streaming revenues and paying subscribers in the first quarter as it reported bigger fourth-quarter losses than in the previous year. The company, which competes with the likes of Amazon's ...

Markets

SK Hynix says 800 workers to stay home after trainee had contact with virus patient

South Korean chipmaker SK Hynix said on Thursday that 800 of its workers had quarantined themselves as a precautionary measure to prevent the spread of the coronavirus, but its production in the city of Icheon has not been affected.

Markets

Israel’s Wix.com fourth-quarter profit down less than forecast, sees rise in 2020 revenue

Wix.com, which helps small businesses build and operate websites, reported a smaller than expected decline in profit in the fourth quarter and forecast a rise of about 25per cent in 2020 revenue.

Markets

Commentary: The Apple Watch is coming for the watch industry

The success of smartwatches follows the cliche of software eating hardware, as we have seen with cameras, calculators and DVDs, says the Financial Times' John Thornhill.

Markets

Fintech investment in Singapore more than doubled in 2019: Accenture

FINTECH investments in Singapore more than doubled to US$861 million in 2019 from the year before, led by big gains in funding to payments and insurtech startups.

Markets

Walmart’s struggling Japan unit finally delivers with online grocery growth

Walmart Inc might finally have found the sweet spot in Japan's food market with a fast-growing venture ranked third in a nascent online grocery sector, as the brick-and-mortar stores it bought into two decades ago continue their search for profit.

Markets

Thai retail giant launches record-breaking IPO

BANGKOK: Thai conglomerate Central Retail launched the country's biggest ever IPO on Thursday (Feb 20), giving it a market cap of around US$8.1 billion in a punt on a sputtering economy now hampered by the new coronavirus. Most Thais visit a shop each day owned by Central, a family-run empire...

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