South Korean conglomerate Samsung Electronics plans to build a $17 billion chip making plant in Texas, The Wall Street Journal reported. The plant, part of Samsung’s $205 billion three-year plan to expand its capacity to manufacture computer chips and other products, will start production of more advanced chips around the end of 2024, the report said. Those high end chips won’t address the...
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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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