industry
Entered2024.04.06 00:05 Modified2024.04.06 00:15
Reported by WSJ, a leading US economic magazine
Increased from the current $17 billion
More than $40 billion TSMC
From foundries to cutting edge packaging
Set up AI semiconductor core facilities
Samsung Electronics’ Taylor semiconductor plant construction site was taken in June 2023. Samsung Electronics will invest a total of $44 billion (about 59.5 trillion won) in a new state-of-the-art semiconductor plant in Taylor, Texas, USA . This amount is more than double the previously announced investment (USD 17 billion, about KRW 23 trillion). It is more than the investment of the United States ($ 40 billion) of foundry competitor (semiconductor load production) TSMC.
This is to expand the state-of-the-art foundry production complex, which is being built with the aim of mass production at the end of this year, while also adding a ‘state-of-the-art packaging’ line (and a process that ‘bonding multiple chips to make them act as a single chip), which is essential for the production of semiconductors for artificial intelligence (AI). The Wall Street Journal (WSJ), a leading economic magazine in the United States, reported on the 5th that “Samsung Electronics plans to expand its investment in Taylor semiconductor production to $44 billion,
The Minister Of Oil Orders The Allocation Of…
Baghdad – IA
The Minister of Oil, Ihsan Abdul Jabbar, instructed the allocation of 300 million dinars to the Thalassemia Center, in addition to allocating an amount of 35 million dinars per month, after the approval of the Board of Directors of the Basra Oil Company, to support the Thalassemia Center with the necessary monthly needs.
Abdul Jabbar said, according to a statement by the Ministry of Oil, a copy of which was received by the (INA), that “national, professional and moral responsibility requires all concerned parties and others to provide support and support to these centers in order to provide the best services to citizens and alleviate their health suffering.”
The statement added, “During his reception in Basra, a number of officials from the specialized centers and hereditary blood diseases in the Basra Health Department discussed the needs of the specialized centers, laboratories, and services provided to patients and visitors.”
The Minister of Oil instructed the Basra Oil Company to “allocate an amount of (200,000,000) two hundred million dinars to equip the Thalassemia Center with the required medical equipment, and allocate an amount of (100,000,000) one hundred million dinars to prepare the operational materials for the laboratory,
End Of An Era: 99 Cents Only Stores…
Major Dollar Store Chain Closing Hundreds of Locations
One of the leading dollar store chains in the country is facing financial difficulties, resulting in the closure of the majority of its stores.
Financial Struggles Lead to Closure
The popular 99 Cents Only stores will be shutting down most of its hundreds of locations starting this Friday as part of a complete liquidation process.
According to a recent press release, the company, after exploring various options with its financial and legal advisors, concluded that an orderly wind-down was the best course of action to maximize the value of its assets.
Challenges in the Retail Environment
The Interim Chief Executive Officer of 99 Cents Only Stores, Mike Simoncic, expressed regret over the decision, citing the challenging retail landscape in recent years. Factors such as the impact of the COVID-19 pandemic, changing consumer preferences, increased levels of theft, inflation, and other economic challenges have made it difficult for the company to sustain its operations.
Store Closure Details
Currently, 99 Cents Only LLC operates around 371 stores, all of which will undergo merchandise and real estate liquidation. The company’s CEO will be stepping down in the coming weeks as the closure process commences.
The Price Of Gold Reaches The Level Of…
2024-04-03 21:45:43 Strong climb
The price of the precious metal has risen by more than 10% this year, setting a series of records. While the Fed’s expected turnaround is positive for non-interest-bearing gold, its strong rally over the past month has often seen sharp rises without a clear catalyst to justify these gains, as investors flock to bullion.
Ongoing tensions in the Middle East and Ukraine have strengthened the precious metal’s safe-haven role, and central bank purchases have supported prices at historically high levels over the past year, despite high interest rates.
The price of gold is at a record level and silver is rising amid expectations of a rate cut
The latest data compiled by the World Gold Council shows that central banks continued to increase their gold holdings in February, albeit at a slower pace than before. They bought 19 net tons, increasing their holdings for the ninth month in a row.
However, the record high price of gold has yet to attract investors who prefer exposure to the metal through physically backed exchange-traded funds. Global holdings of these ETFs have shrunk by more than 100 tons year-to-date,
AIR TRANSPORT Increase In The Price Of Domestic…
Airport taxes make up a large portion of airfare costs.
Air ticket prices are increasing. Madagascar Airlines customer service indicates that this is due, among other things, to the recent increase in various airport taxes.
New prices are displayed for destinations on the domestic network of Tsaradia, a subsidiary of Madagascar Airlines. On the simulation of reservations for domestic flights, the price of the plane ticket is between nine hundred thousand and one million ariary depending on the departure points and the offers to which customers subscribe. Thus, for a one-way ticket linking Antananarivo to Nosy Be, it costs 904,500 ariary for a Freedom offer on the April 10 flight. For a “Privilege” offer on April 11, the customer must pay 1,198,500 ariary. The same goes for other destinations, like Mahajanga, with an economy class pack also at 904,500 ariary. Flights to Sainte-Marie, meanwhile, start at 716,300 ariary.
The picture is more uniform for other destinations. Prices do not vary much but have increased compared to those displayed a few months ago. Contacted, Madagascar Airlines customer service indicates that the prices of plane tickets have increased. According to the explanations provided by the agents, this increase in ticket prices is explained by the increase in airport taxes.
What Drove Food Inflation?
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How Is The Formation Going?
#formation
NOS
NOS News•today, 10:05 PM
A new week in the formation, how are things going in the meantime? Are meters being made? Joost and Xander tell what they hear about it, but does that provide much clarity?
In any case, what did not become clear was which Dutch politician was bribed by the Russians. The debate that followed the reports from the Czech Republic that Dutch politicians are influenced or even paid from Russia was largely disappointing, Xander thought.
Furthermore, there was great surprise at an action by the majority of the Senate, led by the VVD. They seemed to want to stop the rapid closure of the Groningen gas field. Concerns about a possible gas shortage were highlighted. It immediately caused strong reactions: in Groningen and certainly also from State Secretary Vijlbrief.
An additional tax on the rich was also debated this week. Joost in particular is curious about when exactly you are rich. For that answer, the gentlemen go to the corridors looking for SP leader Jimmy Dijk for a super exclusive interview.
You can watch this episode of De Stemming here listen. Do you like it?
Stellantis Vehicle Production In Italy Declines: Future Estimates…
If in 2023 Stellantis produced 751 thousand vehicles, including cars and vans, in Italy, for the end of 2024 the estimate is much lower: just over 630 thousand. The objective, as per the government’s request and the challenge taken up by CEO Carlos Tavares of reaching one million units, remains in the book of dreams. The data relating to the first quarter, from the Fim-Cisl analysis, do not promise anything good. In all, compared to 2023, factories churned out 9.8% fewer vehicles. For machines alone the drop is greater: -23.8% or 105,255 units. The Atessa sites (vans of the Fiat, Peugeot, Citroën, Opel, Vauxhall and soon also Toyota brands) and Pomigliano d’Arco, thanks to the Fiat Panda (+45% production, alongside now from the Pandina version). The Alfa Romeo Tonale and the American variant Dodge Hornet are declining in the Campania factory (-9.5%).
The other Stellantis plants are in deep red with production halved. And not due to the incentives announced and not yet valid. What weighs heavily is the lack of new products that are accessible and meet the needs of the general public. Mirafiori: -51% and only 12,580 cars produced between the electric Fiat 500 (11,360), in heavy braking,
Other Than A Relaunch, Stellantis Produced 10% Fewer…
Other than “Italy the heart of production Stellar” as the company declared in the meetings at Mimi with Minister Urso and the unions on the future of the factories Melfi, Mirafiori and Atessa. In fact, the numbers say the opposite and the promise to return to producing one million cars in our country sounds like a mockery. And the End-Cisl to paint the real situation of the production volumes of the Italian factories of the now French group and this time he does it with numbers. The union, in fact, presented its usual quarterly report and the data show a reversal of trend after two years of growth: in the first three months of 2024 the group produced 170,415 vehicles, 9.8% less compared to the same period of 2023. The reasons lie in the -23.8% (equal to 105,255 units) totaled by cars, which canceled out the strong improvement in commercial vehicles (+28.5%, 14,460 units).
“Except for the establishment of Pomigliano d’Arco which represents more than half of the total production and where we see a growth of 26% thanks to the Panda, the other four plants halve their car production with very significant declines”, expl ains Fim-Cisl. In particular,