‘ASML suppliers consider production sites outside China’
ASML suppliers may be planning to set up production sites in Asian countries other than China.
That is what Reuters writes based on sources and documents from the Brabant Development Company and Brainport. Reuters states that the opening of sites elsewhere in the Asian region may be part of a l... Read more
‘Microsoft cuts 11,000 jobs worldwide’
Microsoft reportedly plans to cut 11,000 jobs worldwide, representing about five percent of the total workforce.
Sky News and Bloomberg reported on the rumours. Like other large tech firms, Microsoft appears to be planning a round of job cuts.
The giant employs 221,000 professionals worldwi... Read more
Shopify cuts 10 percent of workforce as online shopping slows
The post-pandemic slowdown in online shopping forced the tech giant to slash jobs.
This week Reuters reported that Canada's Shopify is laying off 10 percent of its workforce as the e-commerce company struggles with slowing growth due to a pullback in online shopping. The move comes after the com... Read more
Samsung pledges €332 billion for innovative technology
Samsung plans to invest heavily in technology over the next five years. Focus areas are processors, biopharmaceuticals and other innovative technology.
Reuters reports that Samsung plans to invest a total of 450 trillion won (over €332 billion) in innovative technology over the next five years... Read more
Rackspace is preparing an IPO
Rackspace recently quietly prepared an IPO, Reuters says, based on anonymous sources. The move is apparently coming from Apollo Global Management, the venture capitalist firm that owns Rackspace.
According to the international news agency, the venture capitalists of Apollo Global Management, wh... Read more