SEOUL (Reuters) -SK Hynix Inc, the world's second-largest memory chip maker, said on Friday it will acquire South Korea-based Key Foundry, a chip contract manufacturer, for 576 billion won ($492.41 million). The 8-inch wafer foundry manufactures chips such as power management, display driver and microcontroller unit semiconductors, SK Hynix said in a statement. SK Hynix had … [Read more...] about SK Hynix to acquire S.Korea-based chip contract manufacturer for $492 million
Bosch to invest more than 400 million eur in chip production
FRANKFURT (Reuters) - German technology group Robert Bosch has earmarked more than 400 million euros ($467 million) for investments in microchip production in Germany and Malaysia next year to ease a global shortage. A lack of chips for automakers has disrupted vehicle production around the world, with suppliers relying almost exclusively on chips from only a few … [Read more...] about Bosch to invest more than 400 million eur in chip production
Amazon labor shortage hinders one-day delivery ambitions
By Lisa Baertlein, Arriana McLymore and Jeffrey Dastin LOS ANGELES (Reuters) - Labor shortages have cut into Amazon.com Inc's plan to make one-day delivery standard for members of its Prime loyalty club, delaying its bid to cement its lead in e-commerce and sending costs surging ahead of the all-important holiday season. The comments from the world's biggest online … [Read more...] about Amazon labor shortage hinders one-day delivery ambitions
Cryptocurrency ether hits all time high of $4,400
HONG KONG (Reuters) - Ether the world's second largest cryptocurrency hit a all time high on Friday, a little over a week after larger rival bitcoin set its own record. The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set May 12. Cryptocurrency markets have rallied sharply in … [Read more...] about Cryptocurrency ether hits all time high of $4,400
Analysis-‘When #shiba?’ ask Robinhood users hungry for dogecoin-like returns
By John McCrank and Tom Wilson NEW YORK/LONDON (Reuters) - Investors clamoring for Robinhood Markets to host shiba inu, a meme-inspired cryptocurrency that has soared in value this month, may need to bide their time as the app-based brokerage says it is in no hurry to list new currencies and analysts expect revenue growth to come from elsewhere. Shiba inu is a spinoff of … [Read more...] about Analysis-‘When #shiba?’ ask Robinhood users hungry for dogecoin-like returns
