TSM Not Pressured by Apple, Google Denies Retail Store Chatter: Tech Business Update
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) searches for a site for a wafer fab facility and the United States is a possibility, sources say, because Apple (NASDAQ:AAPL) is a top customer of foundry services for the processors it uses in its smart phones and tablet computers. However, TSM’s Chairman and Chief Executive, Morris Chang, commenting the The Taipei Times on chatter that the fab might be built in New York. He said that, “The U.S. is one of the places under consideration, but this has nothing to do with Apple.”
Microsoft Corporation (NASDAQ:MSFT) could face European Union fines as early as January which are connected to its failure to comply with a resolution to provide users a choice of web browsers. Joaquin Almunia, the EU’s antitrust head, told reporters at a European Commission press conference in Brussels Thursday that regulators are nearing a decision which would be “one of the first in 2013.”
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Google (NASDAQ:GOOG) has no intentions of becoming a retail store, says Google Shopping’s Vice President of Product Management, Sameer Samat, commenting to AllThingsD that, “We aren’t planning on being a retailer. We don’t view being a retailer right now as the right decision.” However, observers wonder if the company is building up the infrastructure before taking a plunge into selling physical items.
Shares of OCZ Technology Group (NASDAQ:OCZ) gain almost 9 percent on the day on word that Nasdaq accepts its plan to regain compliance with Nasdaq Listing Rule 5250-c-1 which will allow the continued listing of the firm’s stock on the Nasdaq Capital Markets. OCZ is a leading supplier of high-performance solid-state drives for computing devices and systems.