Elpida will issue 30 billion yen worth of preferred shares, which carry no voting rights, for purchase by the Development Bank of Japan.

Tessera Technologies has said an administrative law judge found its patents weren't infringed in action Tessera brought against DRAM manufacturers in the International Trade Commission.

China Unicom and Apple reached a three-year agreement to sell iPhone in China. The initial launch is expected to be in the fourth calendar quarter of 2009.

Japan's unemployment rate rose to a record 5.7% in July in figures released just days before a general election.

The formal transfer of Fujitsu's hard disk drive business to Toshiba has been postponed to Oct. 1 pending approval from Chinese antitrust authorities, a person familiar with the proceedings told Dow Jones Newswires.

Japan's Fujitsu said it would make its microchip unit profitable next year by cutting fixed costs and outsourcing production of next-generation logic chips to TSMC.

Fujitsu Services operation in the UK has announced a rationalisation programme across its workforce, proposing a reduction of up to 1,200 jobs. It currently employs 12,500 people in the UK.

The potential sale of Qimonda's 300mm assets in Virginia to Texas Instruments (TI) confirms the opportunities in used 300 mm equipment identified in a study from Semico Research.

The Nikkei reported that Hitachi, Mitsubishi Electric and NEC are in talks to infuse a total of about 200 billion yen into Renesas and NEC Electronics to help smooth the way toward a merger. The merger has been delayed for the second time.

LDK Solar has formed an agreement with Yancheng City in China's Jiangsu Province to develop several photovoltaic power projects, including ground-power stations and roof and building integration systems.

Japanese electronics manufacturer Epson Imaging Devices has agreed to plead guilty and pay a 26-million-dollar fine for its role in a price-fixing conspiracy, the US Justice Department said Tuesday.

There are worries that an increase in bank lending, which has helped to drive the Chinese market rally, might see a rise in bad loans.