On Tuesday, in a statement LG Display Co Ltd said, it plans on investing $2.83 billion (3.3 trillion won) in small- to mid-size organic light-emitting diode (OLED) panel facilities. In a regulatory filing it said it will start making the investment starting this month until March 2024. ($1 = 1,164.8800 won)
On Tuesday, in a statement the Gordon Murray Group which makes supercars said, it plans on investing $420M (300-million-pound) spread over 5 years to expand into the electric car segment; it plans on developing electric SUVs and delivery vehicles for carmakers as it shifts towards an all-electric supercar by 2030. “Electric is what we’ve been…
On Tuesday, cryptocurrencies extended their gains with Ethereum and Bitcoin reaching record highs; the development comes in the wake of Tesla investing $1.5 billion in bitcoin. Bitcoin posted its biggest daily percentage gain in more than three years overnight following Tesla Inc’s disclosure of its investment in the bitcoin in its 2020 annual report. On…
In a statement, the chief executive officer of Airbus SE said, the planemaker plans on investing between $539 million-$1.08 billion (500 million euros and 1 billion euros) in 2020 on its A220 passenger jet program. Earlier in February, Airbus had raised its stake in the program, known as Airbus Canada, to 75%, up from 50.1%,…
In a statement, South Korea’s LG Chem and General Motors Co disclosed, they plan on investing $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, in what is stated to be one of the biggest battery facilities in the world. The plant, which will be built near GM’s closed assembly…
This is SoftBank’s second investment in Mexico after it invested $20 million in Clip, a payments firm. In a development that sees an expansion in SoftBank’s growing portfolio in Latin America, the Japanese conglomerate said, it will be investing in Kavak, a Mexican used car platform. “We are proud to join with and invest in…
Of the 13.1 trillion won, Samsung Display aims to spend 10 trillion won on facilities and the balance on research and development. On Thursday, South Korea’s presidential office issued a statement saying, Samsung Display plans on investing $11.0 billion (13.1 trillion won) on facilities and research by 2025. Samsung Display is a unit of Samsung…
Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…
The development comes at a time when there is a weak demand in the smartphone market. LG is probably aiming to keep its lead in the OLED TV market. On Tuesday, LG Display stated it would be investing $2.6 billion (3 trillion won) in its organic light-emitting diode (OLED) panels production line in South Korea.…
4 Japanese carriers, including NTT Docomo, KDDI and SoftBank Corp, and Rakuten Inc, have been allocated 5G spectrum. They will be investing a total of around $15.29 billion, a conservative figure, spread across 5 years to build their 5G networks. In a significant development that marks the a milestone in the impending launch of high-speed…
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