Latest Electronic parts manufacturing News

Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul High Court in Seoul, South Korea, Monday, Jan. 18, 2021. Samsung scion Lee will not appeal a court ruling that sentenced him to two and a half years in prison for bribing South Korea's then-president for business favors. (AP Photo/Lee Jin-man)

Samsung scion Lee won't appeal prison sentence for bribery

Jan. 25, 2021 4:06 AM EST

SEOUL, South Korea (AP) — Samsung scion Lee Jae-yong and prosecutors have decided not to appeal a court ruling that convicted him for bribing South Korea’s former president for business favors, confirming a prison term of two and a half years for the country’s most influential corporate...

Netflix, Alibaba rise; Bank of New York, US Bancorp fall

Jan. 20, 2021 4:27 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Alibaba Group Holding Ltd., up $13.84 to $265.49. The Chinese e-commerce company's co-founder, Jack Ma, made his first appearance after a nearly three-month absence. eBay Inc., down 81 cents to $56.17. The e-commerce company said...

Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul High Court in Seoul, South Korea, Monday, Jan. 18, 2021. South Korean court sentences Lee to 2 and a half years in prison over corruption case. (AP Photo/Lee Jin-man)

SKorean court gives Samsung scion prison term over bribery

Jan. 18, 2021 2:31 AM EST

SEOUL, South Korea (AP) — Billionaire Samsung scion Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal that spurred massive protests and ousted South Korea’s then-president. In a...

FILE - In this July 9, 2018, file photo, an advertisement for Xiaomi is displayed at a subway station in Hong Kong. The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office. The Department of Defense added nine companies to its list of Chinese companies with military links, including Xiaomi and state-owned plane manufacturer Commercial Aircraft Corp. of China (Comac). (AP Photo/Vincent Yu, File)

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

Jan. 15, 2021 12:38 PM EST

HONG KONG (AP) — The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office. The Department of Defense added nine companies to...

FILE - In this Sunday, Oct. 11, 2020 file photo, A row of 2020 Ford Escape sports-utility vehicles sits at a Ford dealership in Denver. A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. Ford had scheduled down time next week at its Louisville, Kentucky, assembly plant, but moved it ahead to this week. The plant makes the Ford Escape and Lincoln Corsair small SUVs.  (AP Photo/David Zalubowski, File)

Semiconductor shortage forces automobile production cuts

Jan. 8, 2021 5:42 PM EST

DETROIT (AP) — A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. Officials at Volkswagen, Ford, Fiat Chrysler, Toyota and Nissan all say they have been hit by...

FILE - In this Oct. 14, 2020, file photo, people wearing face masks to protect against the spread of the coronavirus talk on their cellphones near a booth for Chinese telecommunications firm China Mobile at the PT Expo in Beijing. The New York Stock Exchange says it is withdrawing plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump.(AP Photo/Mark Schiefelbein, File)

NYSE withdraws plans to delist 3 Chinese phone carriers

Jan. 5, 2021 5:21 AM EST

BEIJING (AP) — The New York Stock Exchange has withdrawn plans to delist shares of three Chinese state-owned phone carriers. The shares were to be removed under an order from President Donald Trump, a move Beijing had warned might lead to retaliation. The exchange cited “further consultation”...

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Dec. 23, 2020. Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. (AP Photo/Lee Jin-man)

Asian stocks gain after Trump criticizes economic aid bill

Dec. 23, 2020 12:21 AM EST

BEIJING (AP) — Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. Shanghai, Tokyo, Hong Kong and South Korea advanced in light trading ahead of this week's Christmas holiday. Overnight, Wall Street’s benchmark S&P 500 index...

Exxon Mobil, Intel down; JPMorgan Chase, Nike rise

Dec. 21, 2020 4:14 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Monday: Tesla, down $45.14 to $649.86 The electric car marker formally joined the S&P 500 stock index. JPMorgan Chase, up $4.47 to $123.55 Federal Reserve allowed large U.S. banks to buy back their own stock, saying they had enough...

In this photo provided by the New York Stock Exchange, trader Ashley Lara, left, works on the floor during the Golden Falcon IPO, Friday, Dec. 18, 2020. U.S. stock indexes are slipping from their record levels Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. (Colin Ziemer/New York Stock Exchange via AP)

US stocks slide from records as wait continues for Congress

Dec. 18, 2020 4:50 PM EST

Wall Street capped a solid week of gains on a down note Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. The S&P 500 fell 0.4%, a day after it and other major indexes returned to record heights. The decline snapped a three-day winning...

Volkswagen facing 'massive' shortage of electronic parts

Dec. 18, 2020 3:05 PM EST

FRANKFURT, Germany (AP) — Volkswagen said Thursday it was facing production slowdowns due to a “massive” supply bottleneck caused by a shortage of semiconductor components for car electronics as global automobile markets bounce back from the pandemic sales slump. The Wolfsburg-based carmaker...