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July 17, 2021
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April 9, 2021
GloFo to IPO at a $20bn valuation Preparations are going ahead for a $20 billion IPO of Globalfoundries, reports Bloomberg. GloFo’s owner, the sovereign wealth fund Mubadala Investment Co of Abu Dhabi, is reported to be talking to potential advisers for the float. CEO Tom Caufield has indicated that the company would go public in 2022. The current chip shortage, a market expected to grow 13% this year, extensive US government support for the semiconductor industry and high stock prices could ...
February 17, 2021
IF you order a new top-of-the-line sedan in Europe or North America these days, you might find there is a long waiting time unless it’s a less popular model. The sudden car shortage has nothing to do with the spread of the South African or Brazilian strain of the coronavirus. The reason why automakers are not making enough cars and some plants of General Motors, Daimler, Ford, Toyota and Nissan are now idle is an acute shortage of semiconductors, which power functions from brakes to emission ...