Samsung invests in computer chip future, with new plant in Texas

Published

3 years ago

November 24, 2021

Samsung is planning to build a $17 billion dollar semi-conductor factory in Texas

The announcement from the tech giant comes amid a global shortage of chips that are used in phones, cars and other electronic devices.

Texas’ Governor, Greg Abbott says it’s the “largest foreign direct investment in the state of Texas, ever.”

The Texas plant will begin construction next year and hopes to begin operations in the second half of 2024.

The South Korean electronics giant chose the site based on a number of factors, including government incentives and the “readiness and stability” of local infrastructure.

The global chip shortage was kicked off by COVID shutdowns, which have hampered production of new vehicles and electronic devices for more than a year.

It’s also emerged as a serious US national-security concern.

Tesla’s robotaxi reveal sparks excitement

Published

5 days ago

October 11, 2024

Ahron Young

Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.

Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.

The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.

Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.

Not convincing

But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.

Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.

Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.

If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

7 days ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending