Leading smartphone camera sensor manufacturers Sony and OmniVision have been licensed by the US government to supply these components to the Chinese company Huawei. This was reported by the Nikkei publication citing sources in the industry. Japanese company Sony is the only premium sensor manufacturer in the world whose production is used in the manufacture of video cameras for flagship...

The volume of sales of the South Korean company Samsung Electronics in Q3 2020 rose by 8% yoy to a record 67 trln won (USD 59 bln) for the entire quarter. The operating profit grew by 58.8% for the assessed period, reported Yonhap on Thursday. Seoul’s experts explain the jump in sales by the increased demand for smartphones and home appliances during the novel coronavirus pandemic, as well as...

Boeing posted a net loss of USD 466 mln for Q3 2020, while a year earlier, the company received a profit of USD 1.3 bln. This is the 4th quarter in a row with a loss for Boeing. At first, the firm’s lost revenues were explained by the suspension of the Boeing 737 MAX operations; later, the COVID-19 pandemic’s overall negative impact on the industry of the aviation played its role. Revenue of...

AMD, the manufacturer of chips, signed the largest deal on acquisition in the company’s history – it is going to buy Xilinx for USD 35 bln. The giant, which will emerge once the deal is finished, will be led by Lisa Su, the first woman that topped the list of CEOs with the highest salary in the US. US manufacturer of processors Advanced Micro Devices (AMD) has agreed with the competing company...

Inheritors of Lee Kun-hee, the head of Samsung who died last week, will be subject to record high taxes on inheritance. Tax rules of South Korea state that assessed value of assets of those deceased must include a premium in the amount of 20% for the inheritance tax rate on shares listed to be calculated.  Reuters notes that the tax on the inherited shares will amount to approximately...

Adidas is considering selling the Reebok brand due to its unsatisfactory financial results. This is reported by Bloomberg with reference to a source in the company. According to the agency, the discussion of the future of Reebok has just begun, and the final decision on the fate of the brand will be made in a few months. Adidas itself did not comment on this information. Reebok was bought by...

On Wednesday 21 October, Swiss corporation Nestle presented its financial statements for the first nine months of 2020. Organic revenue growth was 3.5%. This is better than analysts' expectations (2.8%). Sales of the company as a whole during this period fell by 9.4%, to 61.9 billion francs ($68.2 billion), primarily due to currency fluctuations, as well as the last year’s sale of the American...

There are only three newcomers to Interbrand's top 100 most expensive brands this year, and all three are online platforms that helped people cope with the consequences of quarantine restrictions. However, not all social networks have managed to increase the value of their brand: Facebook, for example, is still experiencing a crisis of confidence among both authorities and users, which resulted...

The Chinese service of selling used cars Renrenche, which was valued at $1.4 billion two years ago, may now be sold for only $1290. The startup, whose investors include Goldman Sachs, Tencent and Didi, suffered from the pandemic and failed to cope with the competition. Renrenche was founded in 2014. The platform made it possible to sell cars with mileage and took a fee less than that of offline...