Category: Big Business
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Foxconn targets EV chip market with purchase of $90.8 million wafer plant from Macronix
Foxconn said on Thursday it has bought a chip plant…
Nintendo quarterly sales slump for its flagship Switch console
Japan’s Nintendo Co Ltd said on Thursday sales of its…
Biden sets target for 50% EVs by 2030
U.S. President Joe Biden will sign an executive order on…
ByteDance to lay off staff and close businesses over China tutoring clampdown
TikTok owner ByteDance told employees on Thursday that it planned…
Uber posts $509 million loss on driver incentives
Uber Technologies Inc on Wednesday reported widening losses as it…
India threatens Flipkart with $1.35 billion fine
India’s financial-crime agency has asked Walmart’s Flipkart and its founders…
Bayer buys biopharma firm Vividion Therapeutics for up to $2 billion
Bayer on Thursday said it acquired U.S.-based biopharmaceuticals company Vividion…
Adidas hikes outlook despite hit to China sales
German sportswear company Adidas raised its outlook for full-year sales…
Siemens beats quarter forecasts, raises profit guidance for third time
Siemens became the latest industrial firm to report a post-pandemic…
LinkedIn to face lawsuit for overcharging advertisers
A U.S. judge dismissed much but not all of a…
