Reuters - Technology Report

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Friday, December 30, 2016

Foxconn joint venture to build $8.8 billion LCD plant in China

BEIJING (Reuters) - A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs).

China's Midea receives U.S. green light for Kuka takeover

FRANKFURT (Reuters) - China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light.

Amazon looks to the sky to store products

(Reuters) - Amazon.com Inc has filed for a patent to use airships to store products and serve as a base for delivery-drones.

How ties to an 'equestrian princess' landed Samsung at center of a scandal

SEOUL (Reuters) - Samsung Electronics Co's sponsorship of the equestrian-athlete daughter of a long-time friend of President Park Geun-hye has helped to land South Korea's top company in the center of the country's influence-peddling scandal.

Silicon Valley's obscure unicorns could boost 2017 IPO market

(Reuters) - Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions.

U.S. evicts Russians for spying, imposes sanctions after election hacks

HONOLULU/WASHINGTON (Reuters) - President Barack Obama on Thursday ordered the expulsion of 35 Russian suspected spies and imposed sanctions on two Russian intelligence agencies over their involvement in hacking U.S. political groups in the 2016 presidential election.

Battered Toshiba out of easy options to plug nuclear hole

TOKYO (Reuters) - Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to sell.

China's Huawei sees slower revenue growth for 2016

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, said on Friday it expects 2016 revenue growth to slow slightly to 32 percent and forecast greater uncertainties next year.

Sprint, OneWeb say 8,000 jobs announced by Trump are part of SoftBank pledge

PALM BEACH, Fla. (Reuters) - U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of a previously disclosed pledge by Japan's SoftBank Group Corp.

China's cash-strapped LeEco in talks to gain $1.4 billion from investor

SHANGHAI/HONG KONG (Reuters) - China's cash-strapped LeEco said it is in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor, but the announcement was seen as insufficient to dispel concern over the high-tech conglomerate's financial health.