Globalfoundries has announced the appointment of Norm Armour as vice president and general manager and Eric Choh as vice president of operations to lead an expanding team dedicated to developing Fab 2 in New York.

Japan says manufacturers increased production in May for the third straight month.

Finland and China have recently signed high-tech contracts worth US$1 billion (euro720,000) and planned new top-level trade talks aimed at further deals worth more than US$2 billion, according to Chinese Vice Premier Li Keqiang.

For the current third quarter of the 2009 fiscal year Infineon now expects a Combined Segment Result approaching break-even with revenues increasing by a low-teens percentage sequentially.

Swiss adventurer Bertrand Piccard has unveiled a prototype of the solar-powered plane he hopes eventually to fly around the world.

The Chinese solar company is now choosing among four sites for its first, 100-megawatt factory to build solar panels in the US, says an executive.

Japanese PC chip maker Elpida Memory will receive financial support of about 200 billion yen ($2.1 billion) from the government and public and private sector banks, the Nikkei business daily said on Saturday.

Chipmaker Smart Modular Technologies has posted a narrower quarterly loss helped by a drop in operating expenses, but forecast fourth-quarter earnings below estimates, sending its shares down 5% in post-market trade.

Fresh signs of weakness in the US job market have underlined the strains on a recession-struck US economy that contracted slightly less in the first quarter than previously thought.

...Lithium-ion technology has serious limitations, including the possibility of overheating and bursting into flames. The team settled on a combination of lithium and oxygen as the most promising approach. A lithium-air battery can pack much more punch per square inch because oxygen, one of the key ingredients in the chemical reaction, is added as needed by drawing on ambient air rather than being packaged within the battery from the start.

Micron Technology's fiscal third-quarter loss widened on lower sales and a write-down on the value of its imaging unit, but its gross margin turned positive after three negative quarters as the cost of producing chips fell below their selling price. The loss was the 10th consecutive quarterly loss for the memory-chip maker.