News tagged with global downturn

India's startups lacking guardian 'angels'

It is seen as a land of entrepreneurs, economic growth and huge business potential, but India appears to be failing its promising startup companies which are struggling to find investors.

dateMay 08, 2013 in Business
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Taiwan seeks merger with restructured Elpida

(AP) -- Taiwan's government said Wednesday it would continue to push for the consolidation of the island's memory chip makers with Elpida Memory Inc., two days after the Japanese chipmaker filed for bankruptcy.

dateFeb 29, 2012 in Semiconductors
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Japanese chipmaker Elpida files for bankruptcy

(AP) -- Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last ...

dateFeb 27, 2012 in Business
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Chairman says Samsung to focus on new products

South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.

dateJan 02, 2012 in Business
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