Deutsche Post DHL confirms operating profit guidance of 5 billion euros for 2020

Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics. Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such…

SoftBank commits $40 billion to second Vision Fund

SoftBank’s second fund has already secured funding from Standard Chartered Plc and Goldman Sachs Group Inc. According to a report from the Wall Street Journal, Japan’s SoftBank Group Corp will invest $40 billion in its second Vision Fund. SoftBank’s board will meet on Thursday to approve the commitment. SoftBank’s first, $100 billion Vision Fund was…

Samsung Electronics to invest 113 trillion won in logic chips upto 2030

Samsung Electronics will investment 11 trillion won annually upto 2030, so as to become the world no.1 in logic chips. On Wednesday, Samsung Electronics stated it would be sinking in $9.57 billion (11 trillion won) annual through 2030 in its logic chip businesses, including its foundry business. The investment by Samsung Electronics, the world leader…