Finance
Boeing Faces Strike as 94.6% of Workers Reject Tentative Labor Deal
September 13, 2024 – Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM) 751, announced on September 8th that they had reached a tentative agreement on a new four-year contract, potentially averting a strike that could have significantly impacted the company’s aircraft manufacturing. However, according to a report by CNBC…
Amazon Introduces ‘Refund Only’ Option for US Sellers
September 13, 2024 – Amazon is broadening the options for third-party sellers to manage product returns. The company is now offering more choices to sellers who use its hosted Fulfillment by Amazon (FBA) service, including the option to not require customers to return selected items. Following the expansion of its services, Amazon’s US-based sellers can…
Intel to Close Shannon R&D Center in Ireland, Impacting 750 Jobs
September 13, 2024 – According to a report by The Irish Times on September 6th, employees at Intel’s research and development department have been informed that the company plans to shut down its factory located in Shannon, County Clare, Ireland by the end of next year. The company’s operational base in Ireland will be relocated…
Altera Dismisses Rumors of Being Sold by Intel, Stays Focused on 2026 IPO
September 13, 2024 – Rumors have been swirling in the industry about Intel’s potential plans to sell off its subsidiary, Altera. However, in a recent interview, Altera’s CEO Sandra Rivera firmly debunked these speculations. She stated unequivocally that Intel remains committed to its goal of facilitating Altera’s IPO by 2026 and currently has no intentions…
The Future of Digital Golf is Here: Golfzon City Golf Makes Global Debut in September 2024
On September 13, 2024, as the impressive 13,000-square-meter GOLFZON (Tianjin) City Golf will make its official debut at the Tianjin Mei River Convention and Exhibition Center, the world will witness the grand global launch of GOLFZON City Golf, ushering in a new era of digital golf innovation. Simultaneously, the 2024 GOLFZON Open Finals will also…
TSMC Chairman Declares: ‘We Are the World’s TSMC’
September 12, 2024 – In a recent internal letter to employees, TSMC Chairman Mark Liu emphasized that the company has evolved beyond being just “Taiwan’s TSMC” to being recognized globally. Liu urged the over 70,000 TSMC employees worldwide to communicate effectively with respect and inclusivity, encouraging them to “speak the truth” within the organization. In…
TEL and Tata Electronics Sign MOU to Boost Semiconductor Infrastructure in India
September 11, 2024 – Recently, semiconductor equipment giant Tokyo Electron (TEL) announced on its official website that it has signed a strategic cooperation memorandum of understanding with Tata Electronics, an Indian company. The two parties will collaborate to expedite the equipment infrastructure construction for two of Tata Electronics’ semiconductor factories in India. Beyond that, TEL…
Alibaba at 25: Ma Urges Team to Stay True to Itself Amidst Competition
September 11, 2024 – On the occasion of Alibaba’s 25th anniversary, Jack Ma, the founder of the e-commerce giant, posted a message on the company’s internal network reminding employees of the company’s core values and its journey towards a 102-year vision. Ma emphasized that while the company has already progressed through almost a quarter of…
TSMC Achieves Milestone: Successful 4nm Trial Production at US Factory
September 10, 2024 – In a significant milestone for its US operations, Taiwan Semiconductor Manufacturing Company (TSMC) has announced the successful trial production of its first batch of N4 4nm process wafers at its inaugural factory in Arizona. The test results have revealed a remarkably low defect rate, which is comparable to the yield rates…
Volkswagen CEO Addresses Declining Sales and Layoffs: ‘Smaller Pie, More Guests at the Table’
September 10, 2024 – This Sunday, the CEO of Volkswagen, Oliver Blume, defended the company’s plan for large-scale layoffs in the face of the current economic situation. Blume stated unequivocally that the prevailing economic conditions are “so severe” that the old ways of doing business can no longer be replicated. He explained, “Car sales in…