Business news for Mon, 24 Dec 2007 & with word chip. 3 news.

An investor committee working to fix this country's $33-billion market for non-bank asset-backed commercial paper is "virtually certain" that big Canadian banks will chip in their share of a $14-billion credit facility at the heart of a proposed restructuring deal, but has a backup plan - just in case.

SHANDA Interactive Entertainment, Intel Corp and Sichuan Changhong Electric have established an alliance to develop the market of online games on Web-linked TVs, the three sides said yesterday in Shanghai. The companies launched an online table tennis game, available both on computer and TV platforms, to catch the sport game booms ahead of the Beijing Olympic Games next year. According to the agreements, Shanda will provide content including games, Intel will provide related chip and chipset technology, while Changhong - China's second biggest TV maker - will produce TVs with Internet access and built-in hard disk storage, the companies said. "Shanda is proud to become content provider and the three sides will jointly promote the games including the new table tennis game X-Up," said Tom Zhang, Shanda's senior vice president. The project has similarities to Shanda's previous EZ-Center plan, which allowed users to access Internet and games on TV with a

Market-research firm iSuppli said it cut its 2008 revenue growth forecast for the global semiconductor industry to 7.5% from 9.3%, on rising energy costs and expectations of a U.S. economic slowdown.