Samsung Electronics’s shares rise on expectations of record profits

Analysts are expecting Samsung’s memory chip business to be its cash cow. On Tuesday, Samsung Electronics Co Ltd’s shares rose by 4.5% on analysts’ expectation that the world’s no. 1 memory chip maker will announce record profits for its memory chip business for the second quarter. Samsung’s shares marked their biggest intraday jump since October…

Western Digital led consortium wants $464 million from Apple to help finance its bid for Toshiba’s chip business

While Toshiba has narrowed down the pool of suitors, all the bids have Apple, its key customer, as a common denominator. On Friday, Japan’s Kyodo news agency reported that a group, which includes Western Digital, has sought $464 million (50 billion yen) from Apple Inc to help finance a bid for Toshiba Corp’s NAND chip…