Philips Lumileds is working with luminaire manufacturers to develop market-ready LED-based applications that meet energy efficiency standards.

Infineon Technologies AG HAS announced that it has signed a letter of intent for framework purchase agreement amounting US$68 million with Huawei Technologies of China. Infineon will provide semiconductor solutions for Huawei in the area of central office solutions (CO), customer premise equipment (CPE) and mobile phone platforms.

China Mobile missed forecasts with its slowest quarterly profit growth since 2005 and warned a deepening financial crisis will pressure subscriber growth as local competition gets tougher.

The world economy is set to shrink by between 0.5% and 1.0% in 2009, the first global contraction in 60 years. In its gloomiest forecast yet, the International Monetary Fund (IMF) says that developed countries will suffer a "deep recession".

The German state of Saxony isn't ruling out taking up an indirect stake in bankrupt computer chipmaker Qimonda AG anymore, the state's governor said Thursday.

Palm missed analysts' revenue estimate in its third-quarter results Thursday and saw its losses widen as demand slumped for the company's smartphones. The company explained that smartphones brought in just $77.5 million during the third quarter, down 72% from the same period last year.

Kansai Recycling Systems disclosed its recycling line for flat-panel TVs March 18, 2009. Kansai Recycling is a company of which Sharp Corp and Mitsubishi Materials Corp hold 43.3% and 40.0% shares, respectively.

Dongbu HiTek, the group's chip making affiliate, may supply its latest flat-screen driver chip for Japan's Panasonic and NEC.

oshiba has become the latest Japanese company to sweep away its top management as red ink floods businesses' accounts and analysts warn of a two-year crisis in Asia's technology sector.

Aiming to outdo Amazon.com and recapture the crown for the most digital titles in an e-book library, Sony is announcing Thursday a deal with Google to make a half million copyright-free books available for its Reader device, a rival to the Amazon Kindle.

Many Asian countries are handing out cash and vouchers to get people spending again. But real economic recovery may take a lot more. One-off payments aren't about to alter lifelong saving habits. To encourage higher spending, governments really need to improve public health, education, and retirement benefits—initiatives that would take years to kick in.

Three years ago, as head of Toshiba's (TSBAa.BE) power business, Norio Sasaki orchestrated the tech conglomerate's $5.4 billion acquisition of Westinghouse's nuclear-power-plant business. Now, as Sasaki prepares to take over the president's post, he will have to show the same willingness to take chances as he tries to help overhaul the company after its biggest-ever expected annual loss.

An end-of-March deadline for Qimonda AG to find investors has been extended, and liquidation of the memory-chip maker is still a possibility, according to court officials in Munich.

A wave of consolidation is sweeping the solar power industry.