News In Brief: ZTE, Intel, Google, Zynga, Sony
ZTE will purchase $3b worth of chips over the next three years from US vendors Qualcomm, TI, Freescale Semiconductor, Altera and Broadcom.
Intel has opened its first chip plant in China, a $2.5 billion (€1.8 billion) wafer fab in Dalian, Reuters reports.
Google has awarded $5m (€3.6 million) in grants for online journalism, including $2m to the John S. and James L. Knight Foundation, and $1m to the Knight News Challenge.
Zynga, the US developer of Farmville and other social networking games, is now worth more than gaming giant Electronic Arts, hitting a market value of $5.51 billion (€3.9 billion).
After 31 years, Sony will cease production of the iconic Walkman cassette player that paved the way for the iPod and other personal music devices.