ETSY eyes Gen-Z shoppers with $1.63 BLN deal for fashion reseller depop
Etsy Inc said it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing. Etsy came into the world’s best-known e-commerce platforms for handmade goods and vintage items after this pandemic. Estimates the U.S. second-hand clothing market […]
Tesla to buy more than $1 BLN of Australian battery minerals a year
Tesla said that it expects to spend more than $1 billion a year on battery raw materials from Australia given the country’s reliable mining industry and responsible production practices. Robyn Denholm, chair of the U.S. carmaker, said that Australia, which is rich in minerals used for batteries like lithium and nickel, is poised to benefit as […]
TSMC says has begun construction at its Arizona chip factory site
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has started construction at a site in Arizona where it plans to spend $12 billion to build a computer chip factory, said its chief executive. CEO C.C. Wei said at the company’s annual technology presentation to clients and investors that the planned factory remains on track to start volume production of […]