Intel to sink in $10.9 billion for new chip plant: Moshe Kahlon Israel’s finance minister

Intel is one of the biggest employers in Israel as well as one of its biggest exporters. Israel’s finance minister has stated, Intel Corp will sink in $10.9 billion (40 billion shekels) on a new chip plant factory in Israel, as part of its most recent multi-billion dollar investment in the country. “Intel’s global management…

U.S. launches formal charges against Huawei Technologies Co., Ltd & CFO Meng Wanzhou

The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…

Non-Recyclable Plastic Packaging To Be Stopped By Samsung Starting This Year

All of the plastic parts used in packaging of products of Samsung Electronics would now be replaced some suitable alternative materials this year, said the South Korean company on Monday. The company announced that it would use recycled or bio-based plastics and paper in place of non destructible plastics staring from the first half of…

Huawei Could Pull Out Of Some Countries Because Of Actions Against It

Huawei would have no option but to move away from Western countries if restrictions are continued to be imposed upon it, warned the chairman of the Chinese tech giant. Many of the Western countries have put Huawei under severe scrutiny because of fears of that its telecommunications equipment can be used by Chinese agencies for…