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

Staff writer
18 Aug 2010
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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