U.S.-based chipmaker GlobalFoundries plans to build a $4 billion manufacturing facility in Singapore that will open in 2023, Bloomberg reported. The investment comes despite attempts by the U.S. government to encourage companies to build chip factories in the U.S. to protect against supply chain disruptions. It also comes as other chipmakers such as Taiwan Semiconductor Manufacturing Co....
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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