Biing-seng Wu has spent most of his career developing tiny chips that tell pixels on flat-screen displays how and when to light up. Twenty-five years ago, he teamed up with his brother Jordan Wu to develop such chips for screens. Today, products from their company, Himax Technologies Inc., can be found in everything from Lamborghinis to smartwatches, and have turned the duo into billionaires. The brothers own 24% of Himax, whose US-listed shares have more than doubled in value this year. Their stake in the Tainan, Taiwan-based firm, as well as proceeds from dividends and stock sales, give them a combined $1 billion net worth, according to the Bloomberg Billionaires Index, which is valuing them for the first time. The wealth marks a big milestone for the siblings and their company, which says it holds a 40% market share for display chips - known in the industry as driver integrated circuits - used in cars. Its customers include Ferrari NV, Volkswagen AG, Porsche and more. It's...
A video of Indian Navy and Coast Guard personnel rescuing passengers of a ferry that sank near Mumbai after colliding with a naval speedboat shows people shouting for help as the boat slowly goes under water.
Thirteen people were killed and 99 were rescued. The navy craft whose engine was on a trial run lost control and collided with the passenger ferry that was going from the Gateway of India to Elephanta Island, a tourist spot.
"Search and Rescue efforts were immediately launched by the Navy in coordination with the Coast Guard and Marine Police. Four naval helicopters, 11 naval craft, one Coast Guard boat and three Marine Police boats were involved in the rescue efforts," the Navy said.
"The survivors picked up by Navy and civil craft in the area have been transferred to jetties and hospitals in the vicinity. So far 99 survivors have been rescued," it added.
Maharashtra Chief Minister Devendra Fadnavis told reporters in Nagpur that 101 persons have been rescued. He said he was deeply saddened by the loss of precious lives in the collision between the passenger ferry and the Indian Navy craft.
Mr Fadnavis declared financial assistance of Rs 5 lakh to the families of those who died in the accident.
from NDTV News- Special https://ift.tt/Rc5fQWv
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