Intel says may invest up to $5.5 billion in China memory chip plant

(Reuters) – Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production.

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Symantec to sell Veritas for $8 billion to focus on security software

Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. The deal, the biggest U.S.

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