Bloomberg Tesla Inc. has set up a new wholly owned company in Shanghai, moving a step closer to producing its electric vehicles in China and establishing its first gigafactory outside US shores. Tesla’s Hong Kong division registered the new company with a capital of $15.8 million, the National Enterprise Credit Information Publicity System said on its website. The business scope ...

Bloomberg Samsung Electronics Co. is trying again to chip away at Apple Inc.’s long-ago $1 billion victory in their legal fight over smartphone technology — by disassembling the iPhone. The companies on Monday were expected to replay a battle that started in 2011. The retrial before before US District Judge Lucy Koh in San Jose, California, isn’t about whether the ...

Bloomberg Hon Hai Precision Industry Co.’s quarterly profit missed estimates after top customer Apple Inc. sold barely enough of its iPhone X to meet Wall Street’s tempered expectations. The sole manufacturer of Apple’s flagship device reported net income of NT$24.1 billion ($810 million) in the three months ended March, compared with the average estimate of NT$27.9 billion. It had previously ...