New memory chip for mobile phone
SEOUL, South Korea
Samsung Electronics Co. said yesterday it has developed a new mobile memory chip that is thinner and uses less power than its predecessor.
The one-gigabit mobile DRAM is at least 20 percent thinner than the existing product, which stacks up two 512-megabit chips, and uses about 30 percent less power than the predecessor, Samsung said in a release.
The new product can be used for a wide range of advanced handset applications as well as for digital still cameras, portable media players and portable gaming products, the company said.
"Samsung plans to mass produce the new device beginning in the second quarter of 2007 at a time when demand for high-density 1-gigabit mobile DRAM is expected to be very high," it said.
DRAM stands for dynamic random access memory. DRAM chips are most widely used in personal computers.
Taiwan Power Co. will more than double liquefied natural gas consumption in 2017 after building new thermal power plants, the Tex Report said.
Taiwan Power's LNG demand will rise to 8.46 million metric tons, up 2.4 times compared with the level used in 2005, the report said, citing the company. The utility currently buys all the fuel it needs from Chinese Petroleum Corp., Taiwan's state oil company.
LNG is gas that is cooled to liquid form so it can be transported by vessels over long distances to markets that aren't connected by pipelines.
China's economic inequality is rising, the Financial Times reported, citing a report by the Chinese Academy of Social Science, a state-controlled think tank.
Based on a survey of 7,140 households, the report concludes that the country's income gap is widening and medical costs, which account for 11.8 percent of household spending, are increasing, the Financial Times said. China has raised minimum wages, increased welfare spending and cut taxes to encourage consumption and make the economy less dependent on investment and exports.
Auto production up
Auto production in Japan rose 7.4 percent in November from the same month of last year, marking the 13th consecutive month of rises, an industry group said yesterday.
The production of cars, trucks and buses in Japan totaled 1,033,349 vehicles in November from 962,378 vehicles a year earlier, the Japan Automobile Manufacturers Association said.
Domestic vehicle demand last month came to 452,629 vehicles, down 2.3 percent from a year earlier.
Japan's exports of cars, trucks and buses climbed 24.6 percent last month, rising for the 16th straight month, the Association said in a release.
Vehicle exports totaled 555,295 vehicles in the month, up from 445,607 vehicles in the same month last year, it said.
LOS ANGELES, California
A California family were left counting the cost of their choice of Christmas tree decorations after a blaze that caused US$2.3 million in damage to their home, fire officials said Tuesday.
Firefighters said a blaze that ripped through the family's luxury residence in Newport Beach, south of Los Angeles, was caused after candles placed on a Christmas tree ignited branches.
No one was injured in the fire, but the family's newly remodelled 330-square-meter home was effectively gutted by the flames, Newport Beach fire chief Paul Matheis said.
The family were following a Scandinavian tradition by placing lighted candles on the tree, Matheis said.
"The National Fire Protection Association recommends that any open flame or heat source be kept at least three feet from a tree," Matheis said.