UMC to pour CNY3.5 billion into China 12-inch fab operation

Shares of .....»»

Cash may be king in India, but with smartphone usage heading toward 1 billion, online payments are catching up. Digital transactions doubled in the last two years, faster than any major country outside China, and are forecast to reach $2 trilli.....»»

Tesla stock popped after it was reported that the company took market share in China from domestic automakers. It marks a significant reversal after Tesla lost a quarter-trillion in market capitalization and CEO Elon Musk lost $27 billion due.....»»

Italy's billionaire Agnelli family says Paris-based shoe maker has growth potential in China......»»

Chinese defense funding will reach US$209 billion in 2021, and Premier Li Keqiang says the military will get a training boost. .....»»

US Indo-Pacific Command Seeks $27 Billion To Face China Authored by Dave De.....»»

Equity ETFs have seen $8 billion of inflows so far thi.....»»

More companies and individuals could find their tax returns being audited if Rep. Ro Khanna has his way. The Democrat representing part of Silicon Valley in Congress wants to pour $100 billion into the Internal Revenue Service over the next decad.....»»

Deutsche Bank has taken the pulse of a wave of individual investors that blossomed in 2020 and drove a market rally from last March. And they are ready to keep buying stocks......»»

He is leaving a job where he is responsible for the financial operations of a $100 billion revenue operation to join an air taxi company that doesn't expect to be able to operate as a commercial carrier until 2024......»»

China became the largest IC market in the world in 2005 and has continued to grow in size since then. In 2020, China's IC market increased to US$143.4 billion, a 9% gain from US$131.3 billion in 2019, according to IC Insights......»»

Mining group returns $9 billion of cash to shareholders as strong demand from China sends iron ore prices soaring......»»

China and India, two nuclear-armed powers with a combined population of 2.7 billion, gathered thousands of troops at a disputed border in the Himalayas last year -- the latest confrontation in a long history that includes a war in 1962 and a s.....»»

Shares Tesla Inc. seesawed back into positive territory, and was last up 1.7% in premarket trading, after reports about being summoned by Chinese regulators and a disclosure that it bought $1.5 billion worth of bitcoin. The electric vehicle maker also sa.....»»

Semiconductor Manufacturing International (SMIC), China's most advanced and largest pure-play foundry, has set its capex target this year at US$4.3 billion in which the majority will be spent on its non-FinFET capacity expansion......»»

Eight-inch foundry Vanguard International Semiconductor (VIS) has budgeted NT$5.1 billion (US$182.33 million) in capex for 2021, up from the NT$3.54 billion allocated last year......»»

Melvin Capital is down 30% this year as day traders have bid up stocks in.....»»

The electric vehicle unit of property developer China Evergrande Group said on Sunday it would bring in six new investors and will raise $3.4 billion to repay debt and fund research, Reuters has reported.   read more.....»»

Volkswagen, Germany’s largest company, knows where its future lies. The Wolfsburg-based giant, with quarterly revenues of $69 billion, has committed $91bn to electric vehicles (also shortened to NEVs, or new energy vehicles)… The po.....»»

China's SMIC has reportedly received US licenses to import equipment for use in mature-node processes, which may help relieve the global 8-inch foundry capacity shortages, according to industry sources......»»