JobCreation

Micron Receives Major $6.2 Billion Financial Boost to Accelerate Chip Plant Construction

12 days ago

Micron Technology, a leading player in the semiconductor industry, has been awarded a substantial $6.2 billion subsidy from the U.S. government to enhance its chip manufacturing capabilities. This remarkable infusion of funds is part of a broader strategy aimed at strengthening domestic supply chains and fortifying the U.S. position in the global semiconductor market.

Renault Launches Ambitious Hiring Drive in China to Strengthen EV Production

22 days ago

In a significant move to enhance its electric vehicle (EV) production capabilities, French automotive giant Renault is initiating an expansive hiring spree in China. This strategic decision aligns with the company's broader goal to position itself as a competitive player in the rapidly evolving global EV market. As competition intensifies, Renault recognizes the pressing need to bolster its workforce and capabilities within this crucial segment.

Harith Partners Acquires African Infrastructure Fund for $360 Million

28 days ago

In a significant development in the investment landscape of Africa, Harith Partners, a private equity firm known for its focus on infrastructure projects across the continent, has announced the acquisition of an African infrastructure fund valued at $360 million. This strategic purchase is poised to enhance Harith's portfolio and strengthen its commitment to bolstering infrastructure development in the region.

GlobalFoundries Secures $1.5 Billion Grant Under CHIPS Act: A Major Milestone for U.S. Semiconductor Manufacturing

1 month ago

GlobalFoundries has made a significant stride in the semiconductor industry by solidifying a deal that will provide them with a substantial $1.5 billion grant through the CHIPS (Creating Helpful Incentives to Produce Semiconductors) Act. This strategic funding initiative is aimed at bolstering U.S. semiconductor manufacturing capabilities and ensuring that domestic production can meet the rising global demand for chips.

South Africa's Bold New Strategy: Government and Business Unveil Ambitious Plan to Achieve 3% Growth

3 months ago

The government and business sectors in South Africa announced on Friday an ambitious new phase in efforts to rejuvenate the economic growth trajectory of the country, targeting a 3% growth rate. This is part of a joint effort toward addressing the economic challenges that have continuously been facing the nation.

House Approves Permit Exemption for Chips, Sending Bill to Biden

3 months ago

In what finally might provide the needed momentum for semiconductor manufacturing in the United States, the House of Representatives passed a bill that exempted chip production facilities from permits. The bill now goes to President Biden's desk-targeting the expediting of permitting processes so as to establish and expand semiconductor plants faster, overcoming the current shortage of chips.