Micron Technology Inc. will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise, Idaho, where it is based, the company said on Thursday. The investment takes into account anticipated federal grants and credits under the CHIPS and Science Act and will create 17,000 jobs by the end…
Toyota Motor to Invest $5.3 Billion in Japan, US for EV Battery Supply
Toyota Motor Corp. said on Wednesday it would invest up to 730 billion yen ($5.27 billion) in Japan and the United States to make batteries for fully electric vehicles. When the additional facilities come on line between 2024 and 2026, Toyota’s battery production capacity in the two countries will have increased by 40 gigawatt-hours, the…
Apple Supplier Foxconn to Invest $300 Million More in Northern Vietnam, State Media Reports
HANOI—Apple supplier Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production, state media said on Saturday. The Taiwanese company’s new factory, on a plot of 50.5 hectares (125 acres) in Bac Giang province, will…
4 Top Tips to Protect Your Portfolio Against a Recession
By James Royal From Bankrate.com With stocks plummeting and interest rates rising, many investors expect a recession in the near future. So how can you prepare your portfolio for a possible downturn? Bankrate’s Second-Quarter Market Mavens survey asked professional investors what you should do to protect your money and how to invest in the event…
Tesla Supplier Looks to Invest $5B on EV Batteries, Supply Chain Software
Tesla Inc. battery supplier Panasonic Corp. looked to invest ¥600 billion ($4.9 billion) in automotive batteries, supply chain software, and other areas it considered core to its growth. Panasonic looked to invest ¥400 billion in growth segments, including electric-vehicle cells, and another 200 billion yen in hydrogen device technology over three years through fiscal 2024. Panasonic targeted an…
Honda Plans $1.38B Plant Upgrade in Ontario, Feds and Province to Invest Millions
A division of Honda Canada Inc. is set to announce Wednesday that it will spend $1.38 billion over six years to upgrade an Ontario manufacturing plant to make electric hybrid vehicles, an investment that includes millions in funding from the federal and provincial governments. Honda Canada spokesman John Bordignon confirmed that the 2023 CR-V and…
If You Invested $1,000 in General Electric Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the past year have generally experienced some big gains. But there is no question some big-name stocks performed better than others along the way. GE’s Bumpy Ride One company that has been a disappointing investment in the past year has been industrial giant General Electric Company. GE has been one…
Where Will Bitcoin Be in 5 Years? Why Cathie Wood’s Ark Invest Predicts Massive Growth and Adoption
Bitcoin has been extending the lean patch it has found itself in since early November. An analyst at Ark Invest, however, sees the apex cryptocurrency resuming its uptrend and outperforming in the coming years. Cryptos a Hit In Developing Countries Crypto activity in Turkey and Brazil surged in the recent week, which highlights increasing adoption in developing…
If You Invested $1,000 in Catalyst Pharmaceuticals Stock One Year Ago, Here’s How Much You’d Have Now
Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust total return over the last 12 months is 29.5 percent. But there is no question some big-name stocks performed better than others along the way. Catalyst’s Bumpy Ride One company that has…
Facebook to Invest $1 Billion in News Industry After Australia Row
Facebook on Wednesday pledged to invest at least $1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over paying news outlets for content. The social network’s commitment to the news industry follows Google’s $1 billion investment last year, as technology giants come under scrutiny…
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