Oct 30 Reuters Western Digital said on Monday it would spin off its flash memory business that has been grappling with a supply glut after talks of merging the unit with Japan39;s Kioxia stalled. The split will leave the data storage products maker with its traditional harddisk drive business and create two publicly traded firms, giving […]

Oct 30 Reuters McDonald39;s beat Wall Street estimates for quarterly results on Monday, powered by new launches, promotions and demand for its more affordable burgers and fries from diners struggling with stillhigh prices of food and essentials. Shares opened 2 higher but pared some gains after the burger giant flagged a hit to franchisee cash flow […]

Oct 30 Reuters U.S. chipmaker Broadcom expects its 69 billion buyout of cloudcomputing firm VMware to close before the November deadline, the companies said on Monday, amid investor concerns about securing China39;s approval for the deal. China39;s State Administration of Market Regulation SAMR has not signed off on the deal and is likely to delay its decision, […]

Oct 30 Reuters Chipmaker Onsemi forecast a tepid fourth quarter and cut about 900 jobs, sparking fears that weak electric vehicle EV demand has begun to hurt orders for its chips from the auto sector and sending its shares tumbling 18.3 on Monday. The company, whose clients include European automaker Volkswagen, supplies chips that go into […]