Micron gets rare underweight rating
Micron Technology’s stock received a rare underweight rating. This is often because of the memory-chip maker’s heavy exposure to mobiles and PCs. Which is at a time when rising inflation forces consumers to rein in spending. Micron shares were down about 6% at $71.18. Piper Sandler said to the clients that with the worldwide economy […]
US senator plans bill to clamp down on blank check deals
Democratic U.S. Senator Elizabeth Warren is planning a bill to bound on the special purpose acquisition company, industry. This plan is after a proliferation of bad deals that have often resulted in huge losses for investors. Warren’s forthcoming SPAC Accountability Act of 2022 would increase the legal liability. Which too for a range of parties […]
BT and Ericsson join forces to build 5G
Telecoms company BT and Ericsson have struck a multi-million-pound partnership. This partnership is to offer private 5G networks to businesses across Britain, by enabling them to deploy Internet of Things and other technologies quickly with high security. The private 5G networks mirror public 5G. But in these private networks the connectivity is limited to a […]
Semiconductor base in China, by Merck
Merck KGaA have signed a contract to open a semiconductor base in the Chinese city of Zhangjiagang. This is their largest single electronics business investment in the country. The new 69-acre base will house production plants for thin film materials and electronic specialty gasses, warehouses, and operation centers.Merck China President Allan Gabor stated that China […]