Company news in brief

Intel acquires small chipmaker Intel Corp said on Thursday that it plans to acquire eASIC, a small chipmaker that will help further Intel’s efforts to diversify away from CPU chips.Intel did not disclose terms of the deal for eASIC, which is based in Intel’s hometown of Santa Clara, California. An Intel spokeswoman said the price was “not material,” but that about 120 people would join Intel’s so-called programmable solutions group as a result.The programmable chip group grew out of Intel’s US$16.7 billion acquisition of chipmaker Altera Corp in 2015, one of Intel’s moves to expand its revenue base as the market for personal computers, and Intel’s best-known CPU chips, declined.-Nampa/ReutersWalmart says no decision to sell Japan Seiyu supermarket unitUS retailer Walmart Inc on Thursday said it has not decided to sell its Japanese supermarket chain Seiyu and would continue to develop its business in Japan.On Wednesday the Nikkei business daily reported Walmart would sell the supermarket chain and had approached major retailers and private equity funds, with a deal likely to raise US$2.7 billion to US$4.5 billion.-Nampa/ReutersTop Twitter users lose 2% of followersA Twitter Inc policy change on Thursday to increase the service’s credibility cost its 100 most popular users about 2% of their followers, on average, according to social media data firm Keyhole.Twitter is no longer counting as followers any accounts that have been locked because of suspected fraud, chief executive Jack Dorsey posted on Thursday. Locked accounts had already been kept out of Twitter’s daily and monthly active user figures.-Nampa/ReutersApple launches US$300 million green energy fund in ChinaApple Inc will launch a US$300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country.China’s government has made cutting pollution a key priority, putting pressure on local and international firms to help reduce high levels of smog in its major cities and clean up the country’s waterways and polluted soil.-Nampa/ReutersJury orders J&J to pay US$4.7 billion in Missouri asbestos cancer caseA Missouri jury on Thursday ordered Johnson & Johnson to pay a record US$4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.The verdict is the largest J&J has faced to date over allegations that its talc-based products cause cancer.The company is battling some 9 000 talc cases. J&J denies both that its talc products cause cancer and that they ever contained asbestos. It says decades of studies show its talc to be safe and has successfully overturned previous talc verdicts on technical legal grounds.-Nampa/Reuters

Company news in brief

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Company news in brief

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