Reuters Technology Report: July 7, 2017

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Friday, July 7, 2017

Toshiba under pressure to consider 'Plan B' as chip sale falters: sources

TOKYO (Reuters) - As the $18 billion sale of Toshiba Corp's memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer.

Germany says cyber threat greater than expected, more firms affected

HAMBURG (Reuters) - Germany's BSI federal cyber agency said on Friday that the threat posed to German firms by recent cyber attacks launched via a Ukrainian auditing software was greater than expected, and some German firms had seen production halted for over a week.

Samsung Electronics tips record second-quarter profit as memory prices surge

SEOUL (Reuters) - Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 72 percent from a year earlier to a new record, beating analyst estimates, as strong memory chip prices helped widen margins.

Qualcomm accuses Apple of infringing six patents in iPhone, iPad

WASHINGTON (Reuters) - Chipmaker Qualcomm Inc will ask the U.S. International Trade Commission to bar Apple Inc from selling some iPhones and iPads in the United States that use chips made by competitor Intel Corp on the grounds that the devices infringe on six Qualcomm patents.

LG Electronics second quarter profit likely to miss estimates on mobile unit woes

SEOUL (Reuters) - South Korea's LG Electronics Inc estimated that its second-quarter operating profit rose 14 percent from a year ago, but fell short of expectations as the mobile division's struggles likely continued.

Tesla April registrations drop in key California market

SAN FRANCISCO (Reuters) - Registrations of Tesla Inc vehicles in California, by far the largest market of the luxury electric car maker, fell 24 percent in April from a year ago, according to data from IHS Markit.

Google says its service disruption issue resolved

(Reuters) - Some of Alphabet Inc's Google services including, Admin Console, Calendar and Hangouts, suffered some service disruption on Thursday but the outages have now been resolved, according to Google service status page.

Canon drops to more than two-month low after EU threatens huge fine

TOKYO, July 7 (Reuters) - Canon Inc's stock fell to its lowest levels in more than two months on Friday after EU regulators said they may fine it up to 10 percent of annual revenue for jumping the gun in its acquisition of Toshiba Corp's medical unit.

Maersk says too early to predict financial impact of cyber attack

SHANGHAI (Reuters) - Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes, but added that normal operations had resumed at its ports.

China urges GM, Mercedes-Benz and Volkswagen to recall cars with faulty air bags

SHANGHAI (Reuters) - China's top quality watchdog has asked General Motors, Daimler's Mercedes-Benz and Volkswagen to fulfill their obligations to recall vehicles in China affected by faulty Takata air bags, it said in a statement.

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