A semiconductor startup founded by a former Huawei executive could be a way for the Chinese telecoms giant to circumvent U.S. sanctions that have blocked its access to American technology and equipment, Bloomberg reported. Pengxinwei IC Manufacturing is building a semiconductor manufacturing plant near Huawei’s headquarters and is purchasing foreign chip-making equipment. The report said...
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Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy. But as Musk’s ownership of Twitter nears the end of its third month, he has yet to release details of the new stock compensation plan, according to several employees. Employees at...
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