In a statement South Korean chipmaker SK Hynix Inc said, it had completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, having received regulatory nods from eight countries. The acquisition, which was signed in 2020, will… Read More ›
In a regulatory filing SpaceX reported that it had raised $337.4 million in equity financing. Earlier this year in October, SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, touched $100 billion in valuation following a secondary sale of… Read More ›
China Evergrande Group’s shares tumbled on Thursday after the crisis-hit real estate developer failed to pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier… Read More ›
In a statement China’s Geely Holding said, Zeekr, its premium electric mobility brand, will collaborate with Alphabet Inc’s self-driving unit Waymo to make electric vehicles for the latter, which will be deployed as fully autonomous ride-hailing vehicles across the United States…. Read More ›
On Wednesday, in a statement Russia’s Deputy Prime Minister Alexander Novak said, Moscow believes that the Nord Stream 2 gas pipeline will get the necessary certification and will eventually start working. Although construction on the Nord Stream 2 gas pipeline,… Read More ›
In a statement Israeli foodtech firm SavorEat said, it has launched a plant-based burger system that is customized to each customer. The company uses 3D printing technology to cook food. Vegan burgers from companies including Beyond Meat and Impossible Foods are… Read More ›
2022 is set to be a turning point for US financial policy as the Biden Administration’s regulators ready a slew of regulations that are likely to increase the cost of compliance for Wall Street and corporate America. Biden’s top financial… Read More ›
In a significant development a federal judge in California has ruled that plaintiffs who have accused Alphabet Inc’s Google of unlawfully tracking their internet usage while they were on “Incognito” browsing mode, can question its CEO Sundar Pichai for up to… Read More ›
In a statement the CEO of Rivian Automotive Inc RJ Scaringe said, the automaker will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023. He went on to add, the large majority of… Read More ›
In a statement the National Highway Traffic Safety Administration (NHTSA) said, it has opened an “engineering analysis” which covers around 3 million vehicles to evaluate, among other things, the efficacy of recalls initiated by Kia Motors Corp and Hyundai Motor… Read More ›
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