Nokia Corporation (ADR) (NYSE:NOK) to Sell Windows Phone App at VimpelCom platform, Taiwan Semiconductor Soars Record High Since 1994

Nokia CorporationThe Finnish handset maker Nokia Corporation (NYSE:NOK) recently announced that it has signed an agreement with VimpelCom Ltd, a leading global provider of telecommunications services, to deliver a new, enhanced digital entertainment experience for customers. The agreement is also been joined by software giant Microsoft Corporation.

Nokia is a leading device brand in many of VimpelCom’s markets since the company’s smartphones are powered by Windows Phone. With this strong platform VimpelCom is confident to offer an enhanced mobile experience to both existing and new customers.

The Windows Phone Store is now loaded with nearly 125,000 apps and games in 191 countries. The Windows Phone ecosystem is rapidly expanding internationally.

VimpelCom said that in order to buy digital content from the Windows Phone Store customers will be able to use their mobile accounts to proceed with the transaction. The cost of any purchased content, game, apps or music will be simply added to a customer’s monthly bill or conveniently deducted from their prepaid credit.

The WP OS devices roll out to nearly 70 countries over the next 12 months and support for 50 display languages.

In Taipei trading the stock of Taiwan Semiconductor Manufacturing Company advanced to record levels after United Microelectronics Corporation, a smaller rival, forecast an operating loss.The current stock rise is said to be the highest level since company started trading in 1994.

Company’s shares soared as much as 3.3 % to NT$108.50 and was at NT$106.50 as of 10:44 AM. Today the trading resumed after halting February 6 for the Lunar New Year break. Taiwan’s benchmark Taiex index, of which it is the largest member, advanced almost 0.4 %.

Companies including Nvidia Corporation and Qualcomm Inc contract with foundries UMC and TSMC to manufacture chips based on their own designs. A scarcity of capacity at TSMC to make chips using 28 nm technology meant both clients missed out on sales last year.

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