The Department of Energy revealed details about 35 clean energy projects totaling $1.93 billion in funding across 20 states, including North Carolina. Siemens will receive more than $18 million in tax credits to expand its transformer manufacturing facility in Charlotte, adding nearly 500 new jobs. “We look globally to decide where to make these factories
Taiwan Semiconductor Manufacturing (NYSE:TSM), the world’s largest chipmaker, recently posted impressive revenue figures for March. Notably, Nvidia (NASDAQ:NVDA), which has gained 242.5% in the past year, relies on TSM for chip manufacturing. However, TSM’s stock performance (up 71.5% over the same period; see the comparison image below) has been relatively subdued. This begs the question:
The U.S. Department of Commerce will award $6.6 billion in grants to support the construction of a U.S. semiconductor manufacturing hub by Taiwan Semiconductor Manufacturing Company (TSMC), the leading semiconductor chip manufacturer responsible for producing a majority of the world’s supply. On April 8, President Joe Biden said the CHIPS and Science Act funds will
US News By Allie Griffin Published March 20, 2024, 12:42 a.m. ET A conservative investment fund group is pulling its holdings of Tyson Foods over the meat and poultry giant’s hiring of migrant and refugee workers — claiming the employment practice will repel customers. The American Conservative Values ETF, an exchange-traded fund managed by Ridgeline
The split is due to take effect April 2. A starting point in solving the valuation problem is to look at how similar companies trade in the marketplace. Today, General Electric trades for about 14.5 times estimated 2024 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That is very similar to nonfinancial and manufacturing
Key Takeaways: Boeing has been plagued by a series of high-profile crises involving the 737 Max. Existing 737 Max 9s can still fly, but the FAA is restricting Boeing’s production. Investors shouldn’t expect Boeing’s problems to influence travel trends much. BA shares have taken a hit, but 737 Max issues won’t necessarily hurt airline stocks.
LG Chem officials announced last week the company’s plan to invest approximately $3.2 billion to establish a new cathode manufacturing facility in Clarksville. The plant will support the electric vehicle battery value-chain in the U.S. LG Chem’s anticipated investment of approximately $3.2 billion represents the single largest announced foreign direct investment in Tennessee’s history. The