According to sources familiar with the matter at hand, the White House has issued warnings to the chip industry to diversify its supply chain in case Moscow decides to retaliate against threatened U.S. export curbs by blocking access to key… Read More ›
chipmakers
Global chip shortage should end by 2022: BMW CEO
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
EU adopts resolution to deepen economic ties with Taiwan
On Thursday, the European Union adopted a resolution to deepen economic ties with Taiwan. Interestingly, a similar deal with China has been put on hold. The European Parliament voted 580 to 26 votes, backing a non-binding resolution requesting the European… Read More ›
Toshiba seeking to raise $8.8 billion from its stake in its flash memory unit
Toshiba’s strategy is pretty simple: retain control over the business despite selling portions of its majority stake to multiple bidders and raise $8.8 billion in the process. In the wake of Toshiba seeking to write-off $6.3 billion on its nuclear… Read More ›