In a major initiative aimed at reshaping the landscape of semiconductor manufacturing in the United States, the U.S. Commerce Department has finalized a substantial grant of $406 million to Taiwan’s GlobalWafers. This funding is strategically directed towards enhancing production capabilities for silicon wafers within American borders, marking a pivotal shift in the country’s semiconductor supply
Wall Street
In recent analyses, Goldman Sachs highlighted a robust sentiment shift among investors regarding the S&P 500 index. As we approach 2025, there is a palpable sense of optimism fueled by expected changes in economic policies and regulatory frameworks, particularly under the leadership of President Donald Trump. Analysts suggest that the prevailing “animal spirits” among investors—an
Israel Aerospace Industries (IAI), a prominent player in the defense sector, is on the verge of one of its most significant transitions—an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). Boaz Levy, the CEO of IAI, disclosed at a recent investor conference that they are keenly moving towards a public listing, pending
As the race for dominance in low Earth orbit (LEO) intensifies, United Launch Alliance (ULA)—a strategic joint venture between aerospace giants Boeing and Lockheed Martin—is re-evaluating its approach to space launch systems. ULA’s CEO, Tory Bruno, outlined plans for an upgraded version of their Vulcan rocket specifically designed to compete with SpaceX’s Starship in the
On a day marked by rising optimism, Wall Street celebrated a significant gain, buoyed by a standout performance from Broadcom, a semiconductor giant. The company’s robust revenue forecast, propelled by escalating demand for artificial intelligence (AI) chips, left investors invigorated. Broadcom predicted quarterly revenues that surpassed analyst expectations, translating into a staggering 21% spike in
In a surprising yet widely anticipated move, General Motors (GM) announced its decision to discontinue its Cruise robotaxi business, a venture that had once been viewed as a potential game changer in the realm of autonomous transportation. Analysts on Wall Street largely acclaimed this decision as a reluctant yet necessary exit from a high-risk investment
The recent ruling by U.S. Bankruptcy Judge Christopher Lopez regarding the auction of Alex Jones’ Infowars website has sparked significant discourse around the complexities of bankruptcy, asset liquidation, and the ethical implications of media ownership. This ruling represents a critical junction not only for creditors involved in Jones’ bankruptcy proceedings but also for the legacy
In the escalating conflict between the United States and China, the latest development involves an investigation initiated by the Chinese government into Nvidia, one of the leading companies in the semiconductor industry. This probe, announced by the State Administration for Market Regulation (SAMR), has much broader implications that extend beyond Nvidia itself, echoing the sentiments
The recent announcement by Golub Capital regarding the opening of its new office in Abu Dhabi signifies a pivotal move in the financial sector development within the United Arab Emirates (UAE). Golub Capital, a noted U.S.-listed direct lender and private credit manager, holds over $70 billion in assets under management, and its decision to establish
The upcoming vote in the U.S. House of Representatives signifies a crucial step toward safeguarding American telecommunications from potential security risks posed by foreign entities, particularly Chinese firms such as Huawei and ZTE. This annual defense bill, projected to allocate over $3 billion for U.S. telecom companies, aims to fund the removal of equipment produced