June 5 (Reuters) - NXP Semiconductors and TSMC-backed Vanguard International will enter into a joint venture to build a $7.8 billion semiconductor wafer manufacturing plant in Singapore, the firms said in a statement on Wednesday. (Reporting by Gursimran Kaur in Bengaluru; Editing by Sonia Cheema)
When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital.
Huawei Technologies has teamed up with Chinese foundry Wuhan Xinxin Semiconductor Manufacturing Co to develop high-bandwidth memory (HBM) chips, according to sources, as these devices have become an indispensable component in the computing infrastructure used for artificial intelligence (AI) projects. This initiative also involves mainland integrated circuit (IC) packaging firms Jiangsu Changjiang Electronics Tech and Tongfu Microelectronics, which are tasked to provide the so-called Chip on Waf
U.S. 7-Elevens have long trailed their Japanese counterparts in prepared foods. Now they’re trying to catch up, and market an expanded menu to customers who associate them with Slurpees and pizza.
STORY: Boeing said Monday it will buy its supplier Spirit Aerosystems for $4.7 billion.The U.S. planemaker moved after a crisis caused by a mid-air blowout on a 737 MAX jet led to questions over quality.Boeing rival Airbus has also agreed to take on the supplier's loss-making Europe-focused activities, in return for hundreds of millions of dollars of compensation.Boeing spun off Spirit in 2005, and has long considered a buyback.The decision to go ahead now comes as the aerospace giant tries to resolve a crisis at one of the industry's key suppliers.January's blowout incident involved a door plug made by Spirit, and contributed to a major slowdown in output at Boeing.The planemaker announced the planned departure of CEO Dave Calhoun in the wake of the crisis.Now the deal is due to close around midway through next year, and is seen as an effort to address its safety problems and shore up its production line.Airbus is also a Spirit customer, and didn't want arch-rival Boeing building parts for its latest jets. It has now confirmed it will take over core activities at four of the supplier's plants to avoid that.Sources said the move was loosely coordinated between the three companies. Airbus said it would receive $559 million in compensation from Spirit, depending on the final outlines of the deal.
It now looks like a dead-cert that next month Rachel Reeves will become our new chancellor.
Kanye West is being sued by a group of former employees, who accuse him and former chief of staff Milo Yiannopoulos of “fostering a racist environment” and forcing employees to work “insanely long hours.” According to TMZ, the filing was by developers hired to work on West’s YZYVSN streaming service app, which he wanted to use to …
Regulators are set to charge Facebook's parent with breaking digital rules by requiring users to pay a subscription or consent to ads, the Financial Times reported, citing sources.
Australian job advertisements fell for a fifth straight month in June, data showed on Monday, as labour demand continued to ease in the face of high interest rates and a slowing economy. Data from Australia and New Zealand Banking Group and employment website Indeed showed job ads fell 2.2% in June from May, when they dropped by a revised 1.9%. "The pace of declines in ANZ-Indeed Australian Job Ads has intensified," said ANZ economist Madeline Dunk.
Olive Garden, Applebee's, and Texas Roadhouse ranked among the top chain restaurants in the US.
As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate.
The decision by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia deals a blow to Binance, which had asked the court to toss the SEC's lawsuit that alleges Binance and its founder and former CEO Changpeng Zhao broke securities laws. The SEC's suit filed against Binance in June 2023 accused the exchange and Zhao of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls.
If you're in your mid-60s and still working, it may be time to start seriously planning for retirement. That doesn't mean you need to leave work immediately, but retirement is likely on the horizon. Imagine you're 65 years old, you have $250,000 in an IRA and expect to receive $3,000 per month from Social Security. […] The post I Have $250k in an IRA and Will Receive $3,000 Monthly From Social Security. Can I Retire in 5 Years at 70? appeared first on SmartReads by SmartAsset.
London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state. The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a jetty, onshore hydrocarbon storage terminals and a floating power plant, according to a statement from Gibson Shipbrokers. In 2022, the Sabah state government and state energy firm Petronas launched a gas masterplan to further develop the domestic gas industry.
China has issued a raft of regulations to tighten management of rare earths production, elements that are playing an ever-important role in the global technology race. In a document released on Saturday, the State Council said the new rules would come into effect on October 1. The regulation spells out that the resources belong to the state and that "no organisation or individual may encroach upon or damage" them. Do you have questions about the biggest topics and trends from around the world? G
Becoming a millionaire and retiring is a dream for many Americans, and many of the self-made ones often achieve this feat thanks to hard work, persistence, patience and discipline, and thanks to...
The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 52.0 in June, from 51.6 in May, on a seasonally adjusted basis. "Another strong month of data provides further evidence that global industrial activity and trade are picking up," said Joe Hayes, principal economist at S&P Global Market Intelligence. "Viewed as a bellwether for exports due to its integration in supply chains for key intermediate goods like batteries and semiconductors, South Korean manufacturing output and orders often provide leading signals for trends more broadly."
Planning for an early retirement requires wrestling with complex variables, including healthcare costs, portfolio returns and withdrawal rates. As a 48-year-old divorcee with a $550,000 IRA and $110,000 in a 401(k), it may be possible to retire in 10 years. Making reasonable assumptions, these assets could potentially generate enough income to maintain an adequate living […] The post I’m a 48-Year-Old Divorcee With $550K in an IRA and $110K in My 401(k). Can I Retire in 10 Years? appeared first
A woman has been charged after a video emerged that allegedly showed a prison officer having sex with an inmate in a jail cell.
My husband and I were monogamous before we got married. When we stopped wearing our wedding rings, we decided to try polyamory.
Formula One legend and former Ferrari driver Michael Schumacher, 55, has lived a reclusive life with his family away from the glare of the spotlight since his skiing accident in 2013…
Yahoo Finance