Reuters Technology Report: March 1, 2017

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Snap to price long-awaited IPO on Wednesday amid signs of brisk demand (Reuters) - Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014.

Taiwan's Foxconn 'definitely bidding' for Toshiba chip business HONG KONG (Reuters) - Taiwan's Foxconn , the world's largest contract electronics maker, is "definitely bidding" for the chip business of Japan's Toshiba Corp and is "very confident" it can buy into it, company founder Terry Gou said on Wednesday.

Exclusive: Sinclair approaches Tribune Media about possible deal - sources (Reuters) - Sinclair Broadcast Group Inc has approached rival U.S. broadcaster Tribune Media Co to discuss a potential combination, people familiar with the matter said on Wednesday, a deal that would hinge on existing regulations being relaxed.

Uber's self-driving unit quietly bought firm with tech at heart of Alphabet lawsuit SAN FRANCISCO (Reuters) - A company now owned by Uber last year quietly bought a small firm specializing in sensor technology used in autonomous vehicles, giving the ride services company a patent in the technology and possibly a defense against a trade secrets theft lawsuit filed against it by rival Alphabet Inc.

Ofo, Chinese bike-sharing firm, raises $450 million in latest funding round SHANGHAI/HONG KONG (Reuters) - Chinese bike-sharing start-up ofo said it has raised $450 million in a fresh round of funding, as the firm faces up against deep-pocketed rival Mobike in one of the hottest sectors to attract tech investors.

Uber CEO says he must 'grow up' after argument with driver (Editor's note: Please note language in 6th paragraph that may be offensive to some readers.)

Apple says it spent $50 billion last year with U.S. suppliers CUPERTINO, Calif. (Reuters) - Apple spent roughly $50 billion last year at U.S.-based suppliers including 3M and Corning , Chief Executive Tim Cook said on Tuesday, stressing the iPhone-maker's commitment to U.S. manufacturing.

Snapchat owner Snap Inc said to have worked on drone product: NY Times (Reuters) - Snapchat's owner Snap Inc has worked on a drone that could help users take overhead videos and photographs and then feed that visual data to the company, the New York Times reported on Tuesday.

Wanted: drones to inspect Singapore's underground railway tunnels SINGAPORE (Reuters) - Singapore is considering using drones and unmanned vehicles to inspect its underground railway tunnels, its transport regulator said on Wednesday, its latest experiment with new technology.

Disruption in Amazon's cloud service ripples through internet SAN FRANCISCO (Reuters) - Web users experienced widespread glitches on Tuesday, from news sites to government services, after Amazon.com Inc's popular cloud service that hosts their data suffered a technical disruption.