Apollo Eyes Potential $5 Billion Investment in Intel

September 23, 2024 – According to Bloomberg, asset management company Apollo is considering a potential equity investment in Intel, with a maximum amount reaching 5billion.Thisinvestment,whichequatestoapproximately5.493.19 billion, reflects Apollo’s confidence in Intel’s strategic transformation plan. However, informed sources have indicated that Intel executives are still weighing Apollo’s proposal, and no final decision has been made. Not…

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Samsung Faces Chip Production Disruption as Over 6,500 Workers Strike for Higher Wages and Bonus Adjustments

July 08, 2024 – Over 6,500 workers at Samsung Electronics have walked off their jobs today, demanding higher wages and adjustments to the performance-based bonus system. The strike, led by the Korean labor union, is intended to convey these demands to Samsung management through a three-day protest. Negotiations between the two parties regarding salary and…

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Tesla Eyes California Taxi Fleet, Setting Stage for Fully Autonomous Driving

February 28, 2025 – Tesla is seeking approval from the California authorities to offer ride-hailing services, marking a significant step towards Elon Musk’s ambition of ferrying paying customers, especially as its traditional car sales business faces challenges. The electric carmaker applied for a “transportation charter-party carrier permit” from the California Public Utilities Commission late last…

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