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Intel Slides After Tepid Forecast Shows Comeback Challenges

(Bloomberg) -- Intel Corp., the biggest maker of personal computer processors, tumbled in late trading after giving a lackluster forecast for the current period, indicating that it’s still struggling to return to the top tier of the chip industry. Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapJavier Milei Fuels Wild Ra

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White House announces new 'workforce hubs' in New York, Milwaukee, Philadelphia, Michigan

President Joe Biden is expected to unveil four new workforce hubs on Thursday to gear up the U.S. workers for new manufacturing technology jobs that will become available with its growing semiconductor sector.

Syracuse , New-york , United-states , Columbus , Ohio , Phoenix , Arizona , White-house , District-of-columbia , Philadelphia , Pennsylvania , Michigan

Tata in Talks to Buy Pegatron's iPhone Operations as Soon as May

(Bloomberg) -- Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemIsrael Reported to Have Launched Retaliatory Strike on IranRecord Rainfall in Dubai? Blame Climate C

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Tata Group: Tata in talks to buy Pegatron's iPhone operations as soon as May, ET Telecom

Tata Group: Following the transaction, Pegatron is expected to help Tata with manufacturing expertise, the people said, who asked not to be identified because the information is private.

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Can Taiwan Semiconductor Stock (NYSE:TSM) Replicate Nvidia's Performance?

Taiwan Semiconductor Manufacturing (NYSE:TSM), the world’s largest chipmaker, recently posted impressive revenue figures for March. Notably, Nvidia (NASDAQ:NVDA), which has gained 242.5% in the past year, relies on TSM for chip manufacturing. However, TSM’s stock performance (up 71.5% over the same period; see the comparison image below) has been relatively subdued. This begs the question: can TSM replicate NVDA’s stellar performance? The answer is likely a “yes.” With the ongoing AI boom, incre

Phoenix , Arizona , United-states , China , Taiwan , Chinese , Mark-liu , Advanced-micro-devices , Taiwan-semiconductor-manufacturing , Nvidia , Pre-earnings-numbers-point , Positive-outlook

NC automotive parts plant to shut down, leaving large gap in rural Roxboro

The GKN Driveline facility opened in January 1994. At least 247 people will lose their jobs in its closing.

Roxboro , North-carolina , United-states , Person-county , Lee-county , Virginia , United-kingdom , Alamance-county , London , City-of , America , Gordon-powell

Reuters wins Polk Award for coverage of Elon Musk's business empire

A global team of Reuters journalists was honored in the business reporting category for reports about Musk companies SpaceX, Tesla and Neuralink. The series of scoops and investigations exposed a mounting toll of worker injuries and one death at rocket builder SpaceX and mistreatment of laboratory animals at Neuralink, Musk’s brain-implant company. Other stories found that Tesla, the electric-car pioneer, covered up dangerous defects in steering and suspension parts; rigged its cars’ in-dash driving-range estimates; invaded drivers’ privacy by sharing sensitive images recorded by their vehicles; and made Tesla Insurance customers wait months for claim payouts.

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