The MIT team is one of several working on Hyperloop, a vision for rapid travel put forth by Silicon Valley's most interesting man, Elon Musk.

Mr Buffett, who has traditionally shied away from tech stocks, is known for buying "value stocks", so it is being seen as significant for Apple.

Analyst Steve Mullane of BlueFin Research Partners said that TSMC is "planning to double the production starts" of Intel's XMM 7360 LTE modem in the current quarter. The analyst says that this "correlates with the timing of the Apple A10 processor production ramp in preparation for the iPhone 7 launch in September.

The investment looks misguided and suggests that Carl Icahn was right to sell all his Apple stock over concerns about the company's prospects in China.

China's Tsinghua Holdings has disclosed an unspecified investment in Marvell Technology Group, a Silicon Valley chipmaker that recently replaced its leadership team in the wake of an accounting investigation and other problems.

Foxconn Group chairman Terry Gou wasted little time addressing his newly acquired employees at Sharp, warning of job cuts while promising to reward workers who put their "heart and soul" into rebuilding one of the world's iconic brands.

Japan's electronics giant Panasonic plans to sell its two plasma display plants at its Amagasaki site in Hyogo Prefecture, western Japan, to a Singapore-based investment firm, according to The Nikkei.

The European Commission has blocked Three's 瞿10.25 billion takeover of O2 on competition grounds, more than a year after the deal to form Britain's biggest mobile phone operator was announced.

Renesas expects to be able to restore full pre-earthquake production capacity on May 22.

Bosch said revenue rose 44% to an all-time high of EUR70.6 billion ($79.9 billion) last year helped by sales of car safety and assistance systems but cautioned that momentum had slowed at the start of 2016.

SanDisk has announced that the Ministry of Commerce of China has approved the acquisition of SanDisk by Western Digital.

IPhone supplier Imagination Technologies has jumped nearly 13% following news that a Chinese state-backed business has taken a 3% stake in the chip designer.

The GSA Board chairman is a coveted position throughout the industry reserved for the most innovative leaders who represent the semiconductor industry's most active global regions. Dr. Li will be the first chairman to serve from mainland China.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/8c42c6b6-139a-11e6-91da-096d89bd2173.html#ixzz48A6j9NZ5 The dollar retreated after doubts over the US economy resurfaced in light of disappointing April jobs growth that prompted a reduction in market expectations of Federal Reserve interest rate increases this year.

STMicroelectronics has found that it is now analog and MEMS business unit that is dragging the company down and keeping it in loss.

Beleaguered chipmaker Marvell Technology has announced it is appointed tech turnaround expert Richard S. Hill to be the chairman of its board of directors.

Apple has killed off support for WebObjects, a now outdated program that once helped companies dynamically and instantly build new websites using information that customers entered online.

A Beijing court has ruled in favour of Facebook and against a Chinese company which had registered "face book" as a separate trademark.

The company, which completed its nearly $12 billion acquisition of Freescale last year, told investors it expects to outperform its peers until 2019 by growing at a compound annual rate of between 5% and 7%.

Apple for months has been rumoured to be working on a new iPhone that will have no 3.5mm headphone jack. The company has been said to remove the 3.5mm jack from the iPhone 7 models and replace it with a Lightning port in order to make the smartphone slimmer. A new leaked image however tips that iPhone 7 will include a 3.5mm jack after all.

As it proceeds with a massive restructuring plan announced earlier this month, Intel will exit the smartphone and tablet mobile SoC business by ending its struggling Atom chip product line. The discontinued products include those code-named SoFIA, Broxton and Cherry Trail.

TJ Rodgers, one of the most prominent leaders of the microchip industry, plans to step down as chief executive of Cypress Semiconductor Corp after nearly 34 years running the company he founded.

Panasonic forecast its profit to fall in the current business year amid slower growth in emerging markets as well as planned investments in automotive technologies and high-end consumer electronics.

Amazon delivered a blowout quarter on Thursday, joining Facebook as one of the rare bright spots in a technology sector that has recently produced a string of disappointing earnings reports.

JEDEC Solid State Technology Association has announced the publication of several key updates to the Universal Flash Storage (UFS) family of standards. These include JESD220C UFS version 2.1, JESD223C UFSHCI version 2.1, JESD220-1A UFS UME version 1.1 and JESD223-1A UFSHCI UME version 1.1.

Though Xilinx beat FQ4 estimates, it's guiding for FQ1 revenue to be roughly flat relative to FQ4's $571.1M. That implies sales will miss a $578.7M consensus.