FASTTAKES: China Unicom, True, Google, Foxconn, NXP, Qualcomm

Staff writer
18 Aug 2010
00:00
News
Daily News

China Unicom has won the right to be China’s sole iPad provider, according toCaixin. Unicom will also start selling the iPhone 4 some time in September.

Thailand's True Corp has slumped to a 633m baht ($19.9m) loss in the second quarter, from a 1.4b baht profit in Q209. True blamed “challenging political conditions” and weaker tourism for the declines.

Spain has become the latest country to investigate Google Street View, with a judge issuing a subpoena to the company for an October 4 hearing.

Foxconn has announced it will remove the anti-suicide safety nets at its Shanxi campus. The manufacturer will today organize a rally for its workers to “promote a positive outlook and approach towards life.”

China's e-commerce industry is expected to grow at a CAGR of over 35% over the next several years, according to the State Council Information Office. E-commerce sales in China grew to 3.6tr yuan ($530b) last year.

NXP Semiconductor has swung to a $185m second quarter operational profit, from a $24m loss in Q209. Sales grew to $1.2b from $903m over the same period.

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