TAIPEI -- Taiwan's top memory chipmaker Nanya Technology on Friday lowered the outlook for its business through early next year, in a sign that the global chip shortage and pandemic-fueled lockdowns in Southeast Asia are forcing device makers to start scaling back production.

Nanya Technology -- the world's fourth-largest maker of dynamic random access memory -- warned that there could be price corrections for such chips from now through the first quarter of 2022. The Taiwanese chipmaker previously expected prices to remain flat

NEW DELHI -- Tata Sons, the holding company of India's largest conglomerate Tata Group, has won the bid for Air India, the government announced on Friday, bringing the drawn-out process to a close. The debt-ridden state-run airline returns to the group it was founded by nearly seven decades ago.

Tata Sons -- through its wholly owned subsidiary Talace Private Limited -- had submitted the winning bid of 180 billion rupees ($2.4 billion) as the enterprise value

BEIJING -- China has instructed coal miners to expand output in response to an extended power shortage that threatens to upend tech supply chains and risks hampering the country's economic growth.

The government of Inner Mongolia, a major coal producing region, has issued waivers on production caps for 72 coal mines that will last through the end of the month. The mines had been restricted to keep production at about half capacity to greenhouse emissions production targets, but this has been lifted on an emergency basis.

The order comes as

GUANGZHOU, China -- China showed off cutting-edge aircraft ranging from next-generation fighter jets to the latest drones at its biggest air show, shining the spotlight on the country's high-end military technology amid mounting tensions with Washington.

China watchers and military experts were particularly focused on this year's China International Aviation and Aerospace Exhibition, also known as AirShow China, as it was the first in three years due to the coronavirus pandemic.

Below are some of the highlights from the event, which took

TOKYO -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, and Sony Group are considering joint construction of a semiconductor factory in western Japan amid a global chip shortage, Nikkei has learned.

The total investment in the project is estimated at 800 billion yen ($7 billion), with the Japanese government expected to provide up to half the amount.

Japan's top auto parts maker Denso is also looking to participate through such steps as setting up equipment at the site. The Toyota

WASHINGTON -- The U.S. has not denied reports that it has sent troops to train military forces in Taiwan for at least a year, working to bolster the island's ability to defend itself amid growing concerns of an armed conflict with China.

Marines and a special operations unit have been training ground and maritime forces there on rotational deployments, the Wall Street Journal reported Thursday. A Pentagon spokesman did not deny the training of Taiwan's forces when asked, declining to comment on "specific operations, engagements

TOKYO -- Nissan Motor aims to eliminate carbon dioxide emissions from global manufacturing sites by midcentury, switching to all-electric equipment powered by environmentally friendly sources, under plans detailed Friday.

"In 2050, the power that factories use will be essentially be electrified, and the sources of the energy will all be shifted to renewable energy and alternative fuels," Executive Vice President Hideyuki Sakamoto told reporters at the automaker's Tochigi plant, north of Tokyo, at an event to promote a smart-factory production

Admiral James Stavridis was 16th Supreme Allied Commander of NATO and 12th Dean of the Fletcher School of Law and Diplomacy at Tufts University. He spent the bulk of his operational career in the Pacific, and is author of "2034: A Novel of the Next World War."

The sudden decision by Australia to switch from purchasing 12 French-made diesel submarines to buying eight vastly more capable -- and much more expensive -- nuclear-powered attack boats from the U.S