May 17, 2011
China's First Intermediate People's Court today ruled in favor of Chinese internet firm Kingsoft's (3888.HK) PC security and anti-virus subsidiary Kingsoft Network Technology, stating that online security software developer Qihoo 360 (NYSE: QIHU) committed unfair competition by defaming and forcefully uninstalling Kingsoft's Antivirus WebShield service.
Chinese semiconductor foundry Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI, 0981.HK) and U.S.-based Flash memory provider Spansion have announced that SMIC will extend its current foundry arrangement to expand 65nm wafer OEM production capacity and include the manufacture of Spansion's 45nm Flash memory.
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