Year: 2022
ASML is the only company making the $200 million machines needed to print every advanced microchip. Here’s an inside look
In the southern Dutch town of Veldhoven, near the border with Belgium, sits the only factory capable of assembling a revolutionary machine that’s relied upon by the world’s biggest chipmakers. EUV lithography is the most expensive step in making the advanced microchips that power data centers, cars and iPhones. The machines are made by only […]
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Adobe shares plunge 10% after Russia’s invasion of Ukraine leads to reduced sales forecast
Shantanu Narayen, Adobe Systems Kim Kulish | Corbis | Getty Images Adobe shares fell about 10% Wednesday after the software company lowered estimates for the fiscal year to account for the impact of halting sales in Russia. Adobe said on March 4, the first day of the quarter, that it was stopping new sales in […]
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Intel CEO says semiconductors are like oil — making more in U.S. can avoid global crises
Intel CEO Pat Gelsinger on Wednesday likened semiconductors to oil, suggesting that computer chips will play a central role in international relations in the decades ahead. “Oil reserves have defined geopolitics for the last five decades. Where the fabs [factories] are for a digital future is more important,” Gelsinger said in an interview on CNBC’s […]
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Petco CEO says company’s growth is inflation-proof, as Americans splurge on pets and bigger homes
A customer exits a Petco store in Clark, New Jersey. Ron Antonelli | Bloomberg | Getty Images Petco CEO Ron Coughlin on Wednesday said the specialty retailer has a key advantage in an uncertain environment: Americans spend on pets, even when their budgets tighten. At an investor day in New York City, he said the […]
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Russia’s invasion of Ukraine provides ‘greater focus’ for NATO troops in the Baltics
TAPA, ESTONIA – French soldiers in Tapa military base. Fred Marie/art In All Of Us | Corbis News | Getty Images TAPA, Estonia — Just 70 miles away from the Russian border and an hour’s drive west of Estonia’s capital, thousands of NATO troops are on alert in case President Vladimir Putin decides to attack. […]
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Apple now lets you load your driver’s license on your iPhone in Arizona
Apple iOS 15 will support storing a driver’s license in Apple Wallet. Apple IPhone owners in Arizona can now load their driver’s licenses or state ID into their iPhone’s wallet app, Apple announced on Wednesday. The digital ID will allow holders to pass through TSA checkpoints in Sky Harbor International Airport, in Arizona. The digital […]
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NATO leaders set to OK ‘major increases’ of troops in response to Putin’s war on Ukraine
NATO Secretary General Jens Stoltenberg addresses a press conference at NATO Headquarters in Brussels on March 23, 2022. Thomas Coex | AFP | Getty Images NATO Secretary-General Jens Stoltenberg said Wednesday the alliance is likely to bolster troops along its eastern flank, deploying four new battle groups in Bulgaria, Hungary, Romania, Slovakia. “I expect leaders […]
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One of Putin’s top aides quits, reportedly in opposition to the Ukraine war
Russian President Vladimir Putin seen with Anatoly Chubais, who has reportedly quit as Russia’s climate envoy, in 2016. Mikhail Svetlov | Getty Images News | Getty Images A high-ranking and long-standing aide of Russian President Vladimir Putin has quit his role as Moscow’s climate envoy due to his opposition to Russia’s invasion of Ukraine. Earlier […]
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Stellantis, LG Energy Solution to invest $4.1 billion in Canadian EV battery plant
Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will invest about $4.1 billion […]
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MacKenzie Scott donates $3.8 billion to 465 organizations
Mackenzie Scott Kevork Djansezian | Getty Images Billionaire philanthropist MacKenzie Scott announced Wednesday that she has given away more than $3.8 billion to 465 organizations. Scott, the ex-wife of Amazon CEO Jeff Bezos, wrote in a Medium post that she made the donations over the last nine months. The list of recipients includes a range […]
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