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Financial Advisor IQ - Content Page

Financial Advisor IQ - Content Page
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Lordstown Motors Fear It May Go Bust If It Does Not Get Urgent Funding

It seems things for Lordstown Motors are not as bright as its CEO recently told investors. When John Murphy, from the Bank of America, asked Steve Burns how he felt with the Ford F-150 Lightning competition, he said it actually validated the conventional looks of the Lordstown Endurance. The issue is that, without the necessary funding, his company may never be able to prove that. ....

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Mystery donor gives $100K-plus to DeSantis

The contribution to a DeSantis-controlled political committee comes as he has increased his fundraising efforts. ....

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AMD and GlobalFoundries Update Wafer Supply Agreement: Orders Through 2024, Now Non-Exclusive

In a brief Securities and Exchange Commission Form 8-K filing, AMD this afternoon has revealed that it has once again amended its wafer supply agreement with US fab (and AMD fab spin-off) GlobalFoundries. Under the terms of the amended seventh amendment, AMD will see out its existing commitment to use GlobalFoundries through 2024, with the latest amendment setting purchase targets for 2022, 2023, and 2024. Beyond those new targets, however, the agreement releases AMD from all further exclusivity commitments to GlobalFoundries. AMD is now free to use any fab on any process node that it wants.
As a quick refresher, the seventh WSA amendment, which was signed in January of 2019, set terms for the AMD/GlobalFoundries relationship through the end of 2024. Among other things, it set wafer purchase targets for the first three years of the agreement (2019-2021), leaving the last three years to be negotiated at a later time. Meanwhile, that agreement also began the process of decouplin ....

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Florida company preps for future HQ expansion and new jobs after raising millions from investors

Florida company preps for future HQ expansion and new jobs after raising millions from investors
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