Chinese authorities are investing $1.9 billion in the country’s largest memory chip maker, Yangtze Memory Technologies Co. (YMTC), writes Bloomberg. This deal will mark the resumption of public money inflows into an industry hit by US...
investments
Oil-rich Saudi Arabia is now trying to diversify its own sources of income as humanity seeks to phase out fossil fuels and its reserves will eventually run out. The alternative for Saudi Arabia could be the gaming industry – at least the...
Intel’s quarterly report revealed the company’s unenviable financial position and it stressed the importance of cutting costs, but so far this is being achieved by laying off some employees, cutting management salaries and refusing to...
Microsoft said it is adding new ones to its long-term partnership with OpenAI “Multi-year, multi-billion dollar investment” This confirms the rumors that surfaced a few weeks ago reporting the upcoming $10 billion investment. We recall...
In March last year, the Intel Corporation announced its intention to spend up to 80 billion euros over the next ten years to set up new companies and research centers in Europe. Italy was listed in this plan as a location for the chip testing and...
Microsoft has entered negotiations to invest $10 billion in OpenAI, which developed the ChatGPT AI bot and other AI technologies, bringing the latter’s value to $29 billion. semaphore. Image source: efes / pixabay.com The round of financing...
Fidelity, part of a group of outside investors that helped Elon Musk privatize Twitter for $44 billion, has downgraded its stake in the project by 56%. Now the social network has to overcome a number of problems, both technical and financial. Image...
Intel management had already officially announced in March of the end of the year that they wanted to spend around 80 billion euros on setting up production sites in Europe over the next ten years. A company in northern Italy that will deal with...
Approximately 20% of meta issues* Platforms, the parent company of Facebook*, next year will be associated with funding for the Reality Labs division, which develops solutions for augmented and virtual reality, including the Metaverse. This was...
Taiwan-based TSMC, in anticipation of today’s ceremony marking the start of equipment installation at its first Arizona facility, issued a statement of its future plans to expand that manufacturing facility. Investment in the project will...
Experts from the Switzerland-based Bank for International Settlements establishedthat 73% to 81% of retail bitcoin buyers only experience losses on investments. In other words, bitcoin is worth less today than it was when it was bought: Over the...
In the past twelve months acc ReutersAutomakers and their partners have doubled their electrification budgets with a planning horizon up to and including 2030 and have allocated a total of up to US$1.2 trillion to organize the production of electric...
German automaker BMW announced plans to invest an additional $1.7 billion in electric vehicle production in the United States. Of that, $1 billion will go towards expanding the electric vehicle plant in Spartanburg, South Carolina, and the remaining...
The American company IBM, which once produced mass-produced PCs, has concentrated on software development and the creation of server systems for high-performance computing in recent years. Following the lead of Intel and Micron, it will also seek...
Last month, the CEO of SoftBank, which now owns the Arm assets, agreed to talk with Samsung Electronics management about forming a strategic alliance on behalf of the British processor architecture developer. The Seoul meeting took place in early...
Saudi Arabia plans to invest US$38 billion in e-sports development to make the state a world e-sports hub by 2030, according to online sources, as part of local authorities’ plans to diversify e-sports Economy one of the largest oil exporters...
The US authorities’ delay in approving a $52 billion legislative package providing subsidies for the construction of semiconductor industry companies on the territory of the country has slightly delayed the schedule for the construction of two...
Digital World Acquisition, with which Trump Media & Technology Group (TMTG) wanted to go public, has not yet been able to secure majority shareholders for the completion of the SPAC merger. This would allow former US President Donald...
The world’s largest automaker, Toyota Motor Corporation, was lukewarm about mass-producing electric vehicles until recently, but still requires traction batteries in bulk because it makes hybrid-powered cars. The company is ready to invest $5...
Christel Heydemann, CEO of French mobile operator Orange, said that due to the huge growth in internet traffic from global tech giants, mobile operators are constantly being forced to invest heavily in network development without receiving any cost...
