US chipmaker Intel has scored a legal victory in a battle against the EU Competition Commission after a court scrapped a billion dollar antitrust fine imposed more than a decade ago.
Chips built in Ohio won’t just reduce supply chain pressures but will also bolster US national security while bringing more tech jobs to the region, said Intel’s CEO.
Various industries dependent on semiconductors have faced supply disruptions as chip makers have cut back production in the wake of pandemic.
Delay in the launch of the next generation of processing chips, raises questions about the future of the chip-maker that dominates the PC market.
Nokia has struggled with slower-than-expected development of its Reefshark system on chips (SoC), which allow a single chip to carry an entire computer system, enabling Nokia to produce equipment more cheaply.
The Wall Street bond yields hit their lowest since 2017. Dow Jones is down 0.93%, with the S&P 500 down 0.85%, and Nasdaq down 0.39% as well.
As Beijing and Washington head for another - and probably final - round of trade talks, here’s a recap of what has already happened.
The Silicon Valley giant informed the government of its decision to invest $10 billion in a new plant, Israel's finance ministry says. Intel currently employs 11,700 people in its Kiryat Gat site.
Samsung's sales jumped to $61.2 billion, giving it a market share of 14.6 percent in 2017 whereas Intel's sales grew to $57.7 billion, or a market share of 13.8 percent.
Google Shopping will be operating as a stand-alone business but will remain under the company's operation. The European Commission said Google was giving Google Shopping an advantage over other retailers.
The Court of Justice of the European Union (ECJ) will rule whether Intel offered illegal rebates to rivals for buying their computer chips.
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