[ad_1] Because the world grapples with an ongoing chip shortage, a quiet big amongst chipmakers has dedicated to investing $100 billion over three years to ramp up manufacturing. Taiwan Semiconductor Manufacturing Company might not be a family title, however with a market worth of over $550 billion, it is one of many world’s 10 most … Read more
[ad_1] Check out among the largest movers within the premarket: Lordstown Motors (RIDE) – The electrical truck maker was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which notes that the just lately introduced sale of Lordstown’s Ohio plant to Foxconn values the plant at lower than a fifth of prior estimates. Lordstown tumbled 6.8% … Read more
[ad_1] GlobalFoundries, the world’s third-largest semiconductor foundry, is headed for a U.S. IPO, because the Abu-Dhabi-owned firm bolsters investments in its U.S. manufacturing websites. In its prospectus filed with the SEC on Monday, GlobalFoundries mentioned Mubadala, a United Arab Emirates state funding fund, will checklist its shares on the Nasdaq and “proceed to have substantial … Read more
[ad_1] Amazon’s Dave Limp, who runs the e-retailer’s {hardware} division, stated the corporate’s soar into dwelling robots this week began with a deal with safety after which developed right into a product that may additionally ship a drink or take a video name. “We wrote a doc the place we thought prospects particularly would love … Read more