How does China respond to US chip threats? With a $30 billion factory

For China, actions speak louder than words, especially in the escalating chip battle with the U.S., which has been hurling out verbal threats in recent months. The Chinese chip infrastructure is getting a serious boost from Tsinghua Unigroup, which is

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Daimler to invest $11 billion for development of electric vehicle

The dieselgate scandal by Volkswagen has resulted in a shifting trend amongst the German manufacturers for working towards the development of electric vehicles in their forthcoming car line-up. The latest entrant to this fray for electrification is Daimler, the parent

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Samsung estimates $3 billion loss over the next two quarters

There is no doubt that Samsung is sure to lose boatloads of money over the Samsung Galaxy Note7. Today, the company announced that it expects 3.5 trillion won (around $3 billion) to negatively impact the operating profit through Q4 and

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take a look at out the $one hundred billion hedge fund, and the challengers to the throne

inside the hedge fund global, the wealthy are becoming richer — but just barely. At a time when the $three trillion industry as an entire is suffering to keep assets, the arena‘s largestfund just handed the $100-billion mark. Ray Dalio’s

Read More take a look at out the $one hundred billion hedge fund, and the challengers to the throne