Intel Corp. announced on Friday plans to pump at least $20 billion in what could be its latest chip-manufacturing facility in Ohio to increase its chip-making production to accommodate the heightened semiconductor demand for digital units. The Santa-Clara-based company will invest in two semiconductor-making plants outside Columbus, Ohio. This will place the company in the […]
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Snap Inc is speeding up its global expansion in countries from Mexico to Japan through tie-ups with wireless carriers and highlighting its popular augmented reality features, the company told Reuters. The parent company of the Snapchat photo messaging app is leaning on its relative safety during a period when social media platforms such as Meta’s […]
Sony Group will likely add new technology partners to its electric vehicle (EV) project to help it forge a mobility business to transform cars from transportation machines to entertainment spaces, a Sony executive told Reuters. An ongoing shift to electric cars, which are easier to build than those with internal combustion engines, is allowing new […]
Deemed the jeweled project of the Kingdom of Saudi Arabia, NEOM, the crown’s $500 billion futuristic metropolis is attracting attention from the Kingdom and globally, bringing 10,000 steps forwards towards molding a city to incorporate human civilizations and modernization. Famous for its oil-based economy, with primal revenue dependence on natural resources, the KSA is making […]
Creating an official digital version of the U.S. dollar could give Americans more, and speedier, payment options, but it would also present financial stability risks and privacy concerns, the U.S. Federal Reserve said in a long-awaited discussion paper released on Thursday. The paper made no policy recommendations and offered no clear signal on where the […]
Kenya-based Business to Customer e-commerce company, Copia Global, secured a $50 million funding in a Series C equity round directed by Amsterdam-based Goodwell investments. The financing round admits a variety of investors, including “Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), Koa Labs, Loghtrock, German development finance institution (DEG), and Perivoli Innovations,” according […]
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernization of its telecoms systems, boosting the use of cloud technology to offer 5G and low-latency data services to professional customers. In collaboration with the U.S. tech giant, Telenor will develop product offerings for selected industries, including manufacturing, […]
The Nasdaq’s loss on Wednesday left it down nearly 11 percent from its November record high close, marking the fourth time in the nearly two years since the coronavirus pandemic shook global markets that the tech-heavy index has found itself in a correction. The index of over 3,600 stocks traded on the Nasdaq exchange has […]
Two early-stage investors riding the modernization wave of the African continent have expressed interest in listing a blank-check company focusing on technology companies in the region. Vishal Agarwal, an investment banker, and Raj Kulasinggam, a corporate lawyer, are seeking out the possibility of pouring investments into Africa, following the success of similar investors in companies […]
Wall Street’s main indexes were set to open lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after posting its quarterly profit below expectations. Two-year Treasury yields, which track short-term rate expectations, crossed 1 percent for the first time since February 2020 amid traders […]