Japan's NEC will not provide a fresh capital injection to support loss-making chipmaker Renesas Electronics, a senior NEC executive said in a newspaper interview.

As a result of the planned changes announced today, Nokia plans to reduce up to 10,000 positions globally by the end of 2013.

At first glance, Poland's renewable energy sector appears to be doing quite well, and the government's target of producing 10.4 per cent of the country's final energy consumption from renewable energy by 2012 has already been exceeded.

US-based First Solar, the world's No. 2 maker of solar cells, will ramp up production at its plants in Germany, scheduled to close later this year, to meet an unexpected surge in demand, a spokesman said on Tuesday.

The US Department of Commerce (DOC), responding to last autumn's petitions by SolarWorld and other members of the Coalition for American Solar Manufacturing (CASM), announced preliminary duties of 2.9-4.73% on crystalline silicon solar PV cells to counter Chinese subsidies to its solar PV manufacturers.

Flash flooding caused by heavy rain has forced the evacuation of more than 3,000 people across Taiwan and unleashed landslides that have killed four people.

Solar installations in the US jumped 85% in the first quarter of 2012 from the previous year, according to an industry report that prompted a research firm and a lobbying group to raise their capacity forecasts for the year.

Microsoft and Samsung continue to fend off rumors that they have any intention of purchasing cell phone maker Nokia.

Germany's aleo solar AG has today announced it will close its solar module factory in Santa Maria de Palautordera, Spain, by the end of the year at the latest. 92 jobs will go.

Chipmaker Cypress Semiconductor has offered to buy smaller rival Ramtron International for about US$87.6 million in cash, revamping a bid it made last year.

Germany may pass legislation to cut solar-power subsidies before July 7 should the government and regional leaders reach a compromise this week, according to an official at the Federal Environment Agency.

Globalfoundries has agreed to manufacture devices for STMicroelectronics using ST's proprietary FD-SOI technology in both the 28nm and 20nm nodes.

May was a record month for solar energy production in Germany, with 4 billion kilowatt hours of electricity generated by the country's solar panels.

Moody's Investors Service downgraded MEMC's corporate family rating to B3 from B2 and its 2019 notes to Caa1 from B3 yesterday, while raising the company's speculative grade liquidity rating to SGL-3 from SGL-4.

The solar power industry has continued to forge ahead in Northwest China's Qinghai province since it topped the list of the province's top 10 major industries in 2010.

Shares of Nokia rose more than 7% Friday on speculation Samsung Electronics might be eyeing a takeover.

LSI has announced several demonstrations of its SandForce SF-2000 flash storage processors using Toshiba 19nm and Intel 20nm NAND flash memory - the most advanced flash memory technology currently available for SSD applications.

Olympus, the Japanese camera maker recovering from an accounting scandal, has announced a five-year plan that includes cutting 2,700 jobs.

Facebook was expected to be the poster child of success when it went public two weeks ago but since its May 18 debut, shares have slid 33% from the initial public offering price of US$38.

Currently head of Samsung's components business, which oversees chips and display, Kwon Oh-hyun will succeed Choi Gee-sung, who is moving to a new role as head of group corporate strategy to focus on future growth engines.

Improving lighting efficiency is an investment in the future. Yet costs have been prohibiting many people from becoming early adaptors of energy efficient commercial lighting such as LED lighting.