TOKYO (AP) — Japanese electronics maker Sony and TSMC of Taiwan said Tuesday they plan to jointly build a computer chip plant in Japan with an initial investment of $7 billion.
The plant in the southwestern city of Kumamoto will be the first foundry in Japan for TSMC, one of the world’s leading chipmakers.
TOKYO (AP) — Sony reported Thursday that its profit fell 54% in the last quarter, mainly due to a one-time tax-related gain that inflated last year’s number.
The Japanese electronics and entertainment company managed to maintain results despite the coronavirus pandemic, reporting a 13% rise in quarterly sales.
TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street.
Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected.
Asian shares were higher Friday after technology companies powered the biggest gain on Wall Street since March.
All major regional indexes advanced, with Tokyo gaining 1.4%.
Taiwan shares jumped 2.2% on news that computer chip maker TSMC upgraded its profit outlook.