Ford Motor To Shut Factories In India, Following Similar Decision By GM And Harley  

Ford Motor Company was one of the first carmakers to enter India’s market after liberalization in 1991. And now it is the latest one to leave the market in terms of local production.  According to the American company, it had suffered losses exceeding $ 2 billion over the past 10 years and that approximately 4,000…

Chevron Corp plans on selling sustainable aviation fuel to Delta Air Lines

In a statement Chevron Corp and Delta Air Lines said, the former plans on producing a test batch of sustainable aviation fuel (SAF) and sell the same to Delta Air Lines at the Los Angeles International Airport, as part of a partnership the companies announced with Google to track SAF test batch emissions data using cloud-based technology.…

Crypto change CrossTower enters India despite uncertainty

In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…

Taylor, Texas offers Samsung Electronics substantial tax break for its $17 billion chip factory

The city of Taylor, Texas plans on offering a large piece of real estate to Samsung Electronics for its potential $17 billion chip plant in the state. Taylor is one of the two locations in the state under consideration by Samsung. Taylor plans on providing Samsung tax breaks if it is chosen it rather than…

Qualcomm’s chips will power Renault’s dashboards and infotainment systems in its upcoming Mégane E-TECH Electric

On Monday, in a statement Qualcomm Inc said, it will supply a key chip for the dashboard of Renault SA’s new electric vehicle. Qualcomm, the world’s biggest supplier of key semiconductors in mobile phones, has expanded into vehicles with chips that can power dashboards and infotainment systems at the same time. Earlier this year Qualcomm Renault…

SMIC to invest $8.87 billion in chipmaking plant in Shanghai

On Friday, China’s Semiconductor Manufacturing International Corp said, it will invest $8.87 billion to build a chip plant in Shanghai. The development underscores Beijing’s efforts to boost its independence in the chip manufacturing sector. The development comes at a time when global chipmakers are struggling to fulfill orders from the electronics and automotive industries triggering new…

SEC charges BitConnect’s founder and promoters with $2 billion cryptocurrency fraud

In a statement the SEC said it has sued the founder of a now-defunct cryptocurrency exchange platform BitConnect over the alleged role of the founder’s role in fraudulently raising nearly $2 billion from thousands of retail investors. The SEC expanded its civil lawsuit against BitConnect founder Satish Kumbhani, which it had announced in May, with…