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The $20 Bln Factory Of Intel In Ohio Could Become Largest Chip Plant On The Planet

Intel Corp has announced making an investment of up to $100 billion in developing a chip factory in Ohio which could turn out to be the largest semiconductor-making complex in the world. The target of the company is to improve capacity as a global semiconductor shortage impacts the production of a...

Shell Officially Sheds “Royal Dutch” From Its Name

The iconic "Royal Dutch" has been officially dropped from the name of Shell as the company will now be called Shell. The company has had the "Royal Dutch" words to its brand name since 1907.   This is a part of the strategy of the company to do away with its dual share structure and shift...

Samsung Withdraws Advertisement With Drag Queen After Online Backlash

After receiving reactions from some members of the Muslim community, Samsung has withdrawn an advertisement depicting a Muslim mother expressing support for her drag queen son.   It was "an attempt to spread LGBT ideology," according to several social media users.   Samsung...

Four-Year Delay For Delivery Of Its Land Cruiser In Japan, Warns Toyota

Customers in Japan may have to wait up to four years for the delivery of Toyota's new Land Cruiser SUV, according to the Japanese automaking giant.   The delay, according to the world's largest automaker, is unrelated to a global semiconductor shortage or a supply chain catastrophe.  ...

Intel To Invest $20 Bln In Chip Manufacturing In Ohio, Reports

Semiconductor making firm Intel Corp is expected to announce an investment of $20 billion in a huge and new manufacturing facility outside Columbus, Ohio, aimed at researching and manufacturing sophisticated and advanced semiconductor chips, according to reports...

France's TotalEnergies To Quit Its Business In Myanmar Over Human Rights Issues

TotalEnergies, a French energy business, announced on Friday that it has chosen to quit Myanmar due to the country's deteriorating human rights situation, making it the latest Western company to leave since a military coup took over the country last year.   Myanmar security forces have...

Intel Places Orders For ASML System Worth “Significantly” More Than $340 Mln

Semiconductor makers across the world are striving to get an edge in this fast growing industry.    This was evident in the United States based global chip maker Intel placing its first order with ASML for purchase of a new and more highly advanced chip making machine that the company...

Ford Earns $8.2 Billion In The Fourth Quarter As A Result Of Its Rivian Investment

The blockbuster market debut in November last year of the electric vehicle maker Rivian Automotive Inc has helped Ford Motor Co to a $8.2 billion gain on its investment in the startup which the company said will get reflected in its fourth quarter results.     Rivian's stock had climbed...

Unilever Indicates It Would Pursue Merger Of GSK Consumer Arm

Consumer product giant Unilever will continue to try and have a merger with GlaxoSmithKline's consumer healthcare sector following the rejection of a 50 billion pound ($68.4 billion) offer by it earlier. Unilever believes that GlaxoSmithKline's business it wants to merge will be "great strategic...

Tesla Postpones Production Of Cybertruck, Plans Manufacturing In Early 2023: Reuters

According to a report published by the news agency Reuters, US-based electric car maker  Tesla Inc intends to begin initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023.   This is a postponement of its initial plans of starting production of the...

Pfizer Will Reduce U.S. Sales Staff As It Expects Healthcare Providers Want Virtual Meetings

Since it expects doctors and other healthcare providers to want to have lesser instances of face to face interactions with people from the sales department of companies after the end of the Covid-19 pandemic and therefore the drugmaker Pfizer Inc would be cutting down on its sales staff in the...

Mercedes-Benz EQS Electric Luxury Sedan Will Now Be Assembled In India

The luxury car maker Mercedes-Benz wants to start manufacturing its EQS electric sedan locally in India some time this year. This is a part of a larger effort to electrify its portfolio in Asia, according to the president of the company's Indian unit.   Mercedes aims to begin selling the...
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