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Reliance, whose interest in making semiconductors has not been previously reported, did not respond to repeated requests for comment. India's IT ministry and Prime Minister Narendra Modi's office also did not respond to requests for comment. The country does not as yet have any chip manufacturing plants, although India's Vedanta (VDAN.NS) and Taiwan's Foxconn (2317.TW) are both looking at building facilities. India's government has forecast the domestic chip market will be worth $80 billion by 2028 compared with $23 billion currently. But chip manufacturing is an industry that has historically been beset with boom and bust cycles and requires much expertise.
Persons: Amit Dave, Mukesh, Narendra Modi's, Modi, Vedanta, Taiwan's Foxconn, Arun Mampazhy, , Foxconn, Munsif Vengattil, Aditya Kalra, Edwina Gibbs Organizations: Reliance Industries, Gujarat Global Trade, REUTERS, Reliance, Google, U.S, Vedanta, Ventures, Semiconductor, Intel, Orbit Ventures, Thomson Locations: Gujarat, Gandhinagar, India, DELHI, Abu Dhabi
COLUMBUS, Ohio (AP) — Ohio authorities on Friday released additional bodycam and surveillance footage of the events leading up to the death of Ta’Kiya Young, a 21-year-old pregnant Black mother fatally shot by police in a grocery store parking lot late last month. They have called for the officer, whose name has not been released, to be fired and charged in her death. Earlier this week, police released bodycam footage showing the officer firing the gun. The additional security footage made public on Friday shows Young and two other women walking around the liquor department of the Columbus-area store. Political Cartoons View All 1148 ImagesThe additional bodycam footage also shows police officers quickly rendering medical aid to Young after she is shot.
Persons: Ta’Kiya Young, Black, Young, Sean Walton, Walton, John Belford, ___ Samantha Hendrickson Organizations: , Columbus -, tote, Police, Associated Press, America Statehouse News Initiative, America Locations: COLUMBUS , Ohio, — Ohio, Columbus, Blendon, Ohio
Sept 6 (Reuters) - Bristol Myers Squibb (BMY.N) has been accused in a new lawsuit of using fraudulent patents and other illegal tactics to maintain its monopoly on blockbuster blood cancer drug Pomalyst for years after it should have faced generic competition. A spokesperson for Bristol Myers did not immediately respond to a request for comment. Pomalyst is a top seller for Bristol Myers, bringing in nearly $3.5 billion out of $46.16 billion of its total revenue last year. The drug was developed by Celgene, a company acquired by Bristol Myers in 2019. The generic companies, which are also named as defendants in the lawsuit, did not immediately respond to requests for comment.
Persons: Pomalyst, Bristol Myers, Celgene, Brendan Pierson, Alexia Garamfalvi, Bill Berkrot Organizations: Bristol Myers Squibb, Louisiana, Pomalyst, Bristol, Celgene, U.S . Patent, Teva Pharmaceutical Industries, Aurobindo Pharma, Breckeridge Pharmaceutical, Natco Pharma, Thomson Locations: Manhattan, New York
Intel’s Tower deal sidesteps competition snafu
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +2 min
On Tuesday, $155 billion chip giant Intel (INTC.O) inked a new partnership with Tower Semiconductor (TSEM.TA), which Intel boss Pat Gelsinger recently gave up on acquiring for $5 billion. The deal will see Tower spend $300 million on equipment at Intel’s New Mexico campus, bolstering Gelsinger’s nascent chip-manufacturing-for-hire services. Intel ended its year-and-a-half-long quest to acquire Tower in August, after failing to win sign-off from Chinese antitrust enforcers. Signed in February 2022, the deal was aimed at strengthening Intel’s pivot into manufacturing chips designed by others by bringing in Tower’s know-how. By signing up Tower as a partner, Gelsinger wins a chunk of its business without the trouble of competition roadblocks.
Persons: Pat Gelsinger, Gelsinger, Jonathan Guilford, Hong Kong, Lauern Silva Laughlin, Sharon Lam Organizations: Intel, Reuters, Tower Semiconductor, Intel’s, X, Hong, Thomson Locations: Las Vegas , Nevada, U.S, Mexico, Tower’s
FILE PHOTO: Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsSept 5 (Reuters) - Intel (INTC.O) will offer foundry services to Tower Semiconductor (TSEM.TA) in a new deal that will see the Israeli contract chipmaker invest $300 million in Intel's New Mexico factory, the companies said on Tuesday. "We see this as a first step towards multiple unique synergistic solutions with Intel," Tower CEO Russell Ellwanger said. The deal also strengthens Intel's foundry capacity as it advances on rivals such as industry leader Taiwan Semiconductor Manufacturing Co. In the second quarter, Intel's foundry business reported revenue of $232 million, up from $57 million a year earlier.
Persons: Dado Ruvic, Russell Ellwanger, Yuvraj Malik, Shweta Agarwal Organizations: Semiconductor, REUTERS, Intel, Tower Semiconductor, Taiwan Semiconductor Manufacturing, Thomson Locations: Intel's New Mexico, China, New Mexico, Ohio, Bengaluru
Video of the incident in Blendon Township on Aug. 24 followed demands by the family of the 21-year-old woman, Ta'Kiya Young, for the officer who fired the fatal shot to be held accountable. "A theft suspect drove her car into one of my officers and the officer fired a single shot through the windshield," Blendon Police Chief John Belford said in a statement accompanying the release. Video made public on Friday shows an officer standing next to Young's vehicle as he repeatedly orders her to get out. A second officer comes around the front of vehicle and points a gun at the windshield, demanding that she exits. Young can be seen turning the wheels to the right, away from the officer, before the vehicle begins moving toward him.
Persons: Ta'Kiya Young, John Belford, Sean Walton, Walton, Young, Belford, Brendan O'Brien, Mark Potter Organizations: Blendon Township Police Department, Handout, REUTERS Acquire, An, Blendon Police, Police, Facebook, Ohio, Investigation, Thomson Locations: Blendon Township , Ohio, U.S, Blendon Township, An Ohio, United States, Blendon, Columbus, Chicago
The Chevron office is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. The Chevron-led (CVX.N) consortium proposed connecting the Aphrodite gas field via a subsea pipeline and existing infrastructure to Egypt, where the gas can be sold in the domestic market or liquefied and shipped to Europe, which has largely been cut off from Russian supplies. The partners have engaged in a new round of talks with the Cypriot government, Israel's NewMed (NWMDp.TA), which is a partner in the Aphrodite field, said earlier this week. Chevron is a partner in the field with NewMed and Shell (SHEL.L). "We believe it is important that Aphrodite is expeditiously developed for the benefit of Cyprus, the Eastern Mediterranean region and European and other international markets," Chevron said.
Persons: Gaby Oraa, George Papanastasiou, Papanastasiou, Israel's, Biden, expeditiously, Chevron, Mark Potter, Leslie Adler Organizations: Chevron, U.S, REUTERS, Washington, Cypriot Energy, Reuters, Cypriot, Shell, Cypriot Government, Thomson Locations: Venezuela, Caracas, Cyprus, U.S, Egypt, Europe, Republic of Cyprus, United States, Ukraine, Nicosia
The police in a suburb of Columbus, Ohio, released body-camera footage on Friday of an officer fatally shooting a pregnant Black woman through the windshield of her car in the parking lot of a supermarket last week. The shooting of the woman, Ta’Kiya Young, 21, led to protests and an investigation by the Ohio Bureau of Criminal Investigation into the use of deadly force by the police in Blendon Township, a town of approximately 10,000 northeast of Columbus. The Columbus branch of the N.A.A.C.P. has called for the officer, who, video shows, opened fire as Mr. Young drove forward, to be fired. Ms. Young’s family said in a statement on Friday that the body-camera footage shows that her death was “not only avoidable, but also a gross misuse of power and authority.”
Persons: Ta’Kiya Young, Young, Young’s, , Organizations: Ohio, Criminal Locations: Columbus , Ohio, Blendon Township, Columbus
He said that once implemented, the prices on negotiated drugs will decrease for up to 9 million seniors who currently pay as much as $6,497 in out-of-pocket costs per year for these prescriptions. This kicks off the negotiation process for the 10 drugs whose new prices will go into effect in 2026. U.S. laws had prohibited Medicare from negotiating pharmaceutical prices as part of its prescription drug program that began about 20 years ago. CMS Director Dr. Meena Seshamani said Medicare plans to use a review process to make sure insurance companies keep clinically appropriate access to negotiated drugs. Two analysts said they expect the negotiated prices to move beyond Medicare and affect commercial markets for these drugs by 2026, when they come into effect.
Persons: Joe Biden, Jonathan Ernst, Biden, Joe Biden’s, Januvia, Xarelto, Johnson, Boehringer Ingelheim, Eli Lilly's, Jardiance, Mohit Bansal, Entresto, Eli Lilly, Merck, Bristol Myers, Giovanni Caforio, Caforio, enrollees, Meena Seshamani, Stelara, Amgen, Evan Seigerman, Patrick Wingrove, Mike Erman, Manas Mishra, Nandita Bose, Caroline Humer, Bill Berkrot Organizations: Social Security, University of Tampa, REUTERS, U.S, Bristol Myers Squibb, Pfizer, Merck, Co's, Johnson, Novo Nordisk, NYSE Arca Pharmaceutical, U.S . Centers, Medicare, Medicaid Services, Reuters Graphics Wells, Novartis, AstraZeneca, Bristol, J, U.S . Department of Health, Human Services, BMO Capital, Thomson Locations: Tampa , Florida, U.S, Amgen's, Jardiance, Germany, Bengaluru, Washington
[1/2] U.S. Commerce Secretary Gina Raimondo delivers her speech at a reception with U.S. Industry and Chinese Government Officials hosted by U.S. Ambassador to China Nick Burns, in Beijing, China, August 28, 2023. Below are details on some of the bigger hurdles for doing business in China in recent years. Counterespionage law:Chinese lawmakers passed a wide-ranging update to Beijing's anti-espionage legislation in April, banning the transfer of any information related to national security and broadening the definition of spying. The law does not define what falls under China's national security or interests.
Persons: Gina Raimondo, China Nick Burns, Andy Wong, Mintz, Raimondo, Chris Sanders, Jonathan Oatis Organizations: . Commerce, . Industry, Government, U.S, REUTERS Acquire, Rights, Bain, Capvision Partners, Beijing Municipal Bureau, Statistics, China's, Intel Corp, chipmaker Semiconductor, DuPont De Nemours Inc, Rogers Corp, Xinhua, chipmaker Micron Technology, Beijing, Thomson Locations: China, Beijing, Shanghai, United States
Richardson and Jackson on course for 200m showdown
  + stars: | 2023-08-23 | by ( Mitch Phillips | ) www.reuters.com   time to read: +3 min
Fourth-placed 100m finisher Marie-Josee Ta Lou of the Ivory Coast went through from the same heat, while defending champion Jackson was in cruise control winning her heat in 22.50. It's my first time on the track and I managed to get out strong and come through," Thomas said. "I think I can run my world lead time again when I need to but I don't think that will be enough to win gold. I think all the girls in the final will be under 21.60, so it's going to be fast. The track is really fast, it really is.
Persons: Sha'carri Richardson, Cote, Cote D'Ivoire's Marie, Josee, Lou, Sarah Meyssonnier, Sha'Carri Richardson, Jamaica's Shericka Jackson, Richardson, Allyson Felix, Jackson, Gabby Thomas, Thomas, Briton Dina Asher, Smith, Asher, I've, Shelly, Ann Fraser, Pryce, Krystsina Tsimanouskaya, Mitch Phillips, Pritha Sarkar Organizations: Athletics Centre, Cote D'Ivoire's, Rights, U.S, Tokyo, Thomson Locations: Budapest, Hungary, U.S, Ivory, Belarus
Jackson was clear and eased at the end, allowing Ta Lou to exactly match her 10.79 finishing time, even to the thousandth of a second. A desperate Richardson had to strain every sinew to claim third in 10.84 – which proved good enough to send her through as one of the two fastest losers. She recovered from a sluggish start to drive home, with American Tamari Davis going through alongside with 10.98. Julien Alfred of St Lucia had a scare, being given a warning card after moving in the blocks in the third heat. She then had a terrible start in the restarted race but finished well to win in 10.92.
Persons: Jamaica's Shericka Jackson, Cote D'Ivoire's Marie, Josee Ta Lou, Sha'carri Richardson, Sha'Carri Richardson, Shericka Jackson, Marie, American Richardson, Jamaican Jackson, Ta Lou, Jackson, Richardson, Jamaica's Shelly, Ann Fraser, Pryce, American Tamari Davis, Julien Alfred of St Lucia, Dina Asher, Smith, Poland's Ewa Swodoba, Mitch Phillips, Ken Ferris Organizations: Athletics Centre, Cote D'Ivoire's, American, Thomson Locations: Budapest, Hungary, BUDAPEST, American, Jamaican
The logo of Teva Pharmaceutical Industries is seen in Tel Aviv, Israel February 19, 2019. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsAug 21 (Reuters) - Teva Pharmaceutical (TEVA.TA) will pay $225 million and divest its copycat version of a cholesterol drug as part of its settlement of price-fixing charges, the U.S. Department of Justice said on Monday. Glenmark will also pay a penalty of $30 million to resolve similar charges, the DOJ said. Teva and Glenmark will have to divest their respective versions of a generic cholesterol drug, pravastatin, that was a core part of the companies' price-fixing conspiracy, the DOJ said. As part of the deals with the DOJ, Glenmark and Teva both admitted to participating in fixing the price of pravastatin.
Persons: Amir Cohen, Teva, Glenmark, Pratik Jain, Shailesh Organizations: Teva Pharmaceutical Industries, REUTERS, Teva Pharmaceutical, U.S . Department of Justice, Prosecutors, Pharmaceuticals, DOJ, Thomson Locations: Tel Aviv, Israel, Bengaluru
kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.
Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, , he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, , casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, , Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland
China does Intel a small favor
  + stars: | 2023-08-16 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +3 min
Acquire Licensing RightsNEW YORK, Aug 16 (Reuters Breakingviews) - Intel (INTC.O) can thank China later. The chipmaker on Wednesday terminated its $5.4 billion acquisition of Tower Semiconductor (TSEM.TA), after failing to secure approval from the country’s State Administration for Market Regulation. Beijing’s trustbusters are providing a helpful escape route from the intensifying technology trade war. Reuters GraphicsAdding Tower would have helped Intel boss Pat Gelsinger with his strategic pivot to making semiconductors designed by others. Tower uses old technology, however, while Intel’s new customers, including the U.S. Department of Defense and Qualcomm, want cutting-edge fabrication.
Persons: Pat Gelsinger, MaxLinear, China’s, Jeffrey Goldfarb, Sharon Lam Organizations: Dow Jones Industrial, Intel, Reuters, Tower Semiconductor, Administration, Market, NXP Semiconductors, U.S . Department of Defense, Qualcomm, Wall Street Journal, Motion Technology, Cisco Systems, Acacia Communications, Thomson Locations: San Diego , California, China, country’s, Washington, Beijing
Tower Semiconductor is seen on smartphone in front of displayed Intel logo in this illustration taken, February 15, 2022. Last year, DuPont De Nemours Inc (DD.N) scrapped its $5.2 billion deal to buy electronics materials maker Rogers Corp (ROG.N) after delays in securing approval from Chinese regulators. But Gelsinger also said Intel was investing in its foundry business, which makes chips for other companies, irrespective of the Tower deal. Investors had given up hope on the Tower deal as a result. It has committed to trimming $3 billion in costs this year, with an aim of saving between $8 billion and $10 billion by the end of 2025.
Persons: Dado Ruvic, Pat Gelsinger, Gelsinger, Benjamin Netanyahu, Anirban Sen, Max Cherney, Jamie Freed Organizations: Semiconductor, REUTERS, Intel Corp, chipmaker, Intel, State Administration, Market, DuPont De Nemours Inc, Rogers Corp, Investors, Nasdaq, Taiwan Semiconductor Manufacturing, Thomson Locations: China, United States, Taiwan, Israel, New York, San Francisco
Intel terminates plan to buy Tower Semiconductor
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +1 min
Tower Semiconductor is seen on smartphone in this illustration taken, February 15, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 16 (Reuters) - Intel (INTC.O) said on Wednesday it has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor (TSEM.TA) as it was unable to get timely regulatory approvals for the $5.4 billion deal. Intel, which signed a deal to buy Tower last year, will pay a termination fee of $353 million to the latter, according to a statement. Intel, however, did not mention the details about the regulatory approvals. Reporting by Anirudh Saligrama in Bengaluru; Editing by Savio D'Souza and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Anirudh, Savio D'Souza, Nivedita Organizations: Semiconductor, REUTERS, Intel, chipmaker, Reuters, Thomson Locations: Bengaluru
An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. A decision likely would be made early in 2024, Ben Tal Ganancia said. At list prices the investment would be near $4 billion but El Al would likely pay far less after discounts. "It is serious," Ben Tal Ganancia said of the talks with Europe's Airbus. In the second quarter, El Al earned a net $59 million versus net profit of $100 million a year earlier.
Persons: Israel El, Eric Gaillard, Dina Ben Tal Ganancia, Ben Tal Ganancia, El Al, Steven Scheer, Tim Hepher, David Goodman, Mark Potter Organizations: Nice, REUTERS, TEL, Al Israel Airlines, Airbus, El, Boeing, Reuters, El Al, Tel Aviv Stock Exchange, Europe's Airbus, Ben Gurion, Revenue, Ben Gurion International Airport, Thomson Locations: Israel, Tel Aviv, France, TEL AVIV, United States, El, Asia, Australia, North America, Istanbul, Dublin, Tokyo, Mumbai, Fort Lauderdale
"You can't just work out; you can't just enjoy it," another former Hamptons trainer added. Several pointed out that TA's longtime Hamptons studio manager left just before the summer season, and a current Hamptons trainer said the manager hadn't been replaced. One person who attends drop-in Hamptons classes said she tried to get into classes for weeks but couldn't get off the waiting list. Katia Pryce, the founder of DanceBody in NYC, worked as a TA trainer more than 10 years ago. A-listers such as Paltrow and Robert Downey Jr. have had TA trainers come to their Hamptons homes for private sessions.
Persons: Tracy Anderson, Michael Rubin's, , Anderson, Anna Kaiser, Dani Levi, they're, Anderson didn't, Neil Rasmus, BFA.com, nonmembers, nonmember, hadn't, Nonmembers, couldn't, Katia Pryce, Pryce, Gwyneth Paltrow, Madonna, She's, Megan Roup, Roup, Tracy Anderson's, Rachel Murray, Paltrow, Robert Downey Jr, Elisa Arcaya, they'd, Arianna Siegel, Levi, Irene Nederlof, Claudia Saez, Fromm, she'd Organizations: White Party, Hamptons, TA, Hampton, Getty Locations: Southampton, Sag, Tribeca, Water, California, Madrid, NYC, New York, Manhattan, Los Angeles, Amsterdam, New York City, London, Miami
Marie-Josée Ta Lou has often been unlucky on days when she needed to be perfect. At the 2016 Olympics, Ta Lou, a 34-year-old sprinter from the West African nation of Ivory Coast, missed the women’s 100-meter medal stand by just seven-thousandths of a second. Five years later, Ta Lou headed into the women’s 100-meter final at the Tokyo Olympics with the third-fastest seed time. Ta Lou said she was in the best shape of her life, but she dealt with stomach issues beginning in the semifinals. Ta Lou has the eighth-fastest time ever run by a woman over 100 meters (10.72 seconds).
Persons: Marie, Josée, Lou, Ta Lou Organizations: Tokyo Locations: West African, Ivory Coast
I couldn't believe it when I spotted a Steinway & Sons grand piano for free on Facebook Marketplace. His jaw would drop at the sight of a Steinway baby grand piano. The video on his application showed him sweeping back the tails of his tuxedo and playing a grand piano. So I couldn't believe my luck when I spotted an ad on Facebook Marketplace for a gleaming baby grand piano by Steinway & Sons. There were dozens of hits with titles like "Avoid Baby Grand Giveaways" and "Don't fall for the Grand Piano Scam."
Persons: I'd, , John Lennon, Jane Ridley, it's, Joyce Ehle, I'm, Ehle, It's, Jane Ridley I, Steinway, I've Organizations: &, Facebook, Morning, Craigslist, Steinway & Sons, PayPal, Zelle, Ehle Locations: Czech Republic
REUTERS/Amit DaveGANDHINAGAR, India, July 28 (Reuters) - India wants to become a trusted partner for the semiconductor industry and a chip maker for the world, Prime Minister Narendra Modi said on Friday, as global companies including Foxconn (2317.TW) announced investment plans in the South Asian nation. "To expedite the growth of the semiconductor sector in the country, we are continuously undertaking policy reforms," said Modi, who has made chipmaking the top priority of his economic policy. Modi was speaking at the government's SemiconIndia annual conference in his home state of Gujarat which is being attended by top semiconductor industry executives. Speaking to CNBC-TV18, Liu said Foxconn had yet to find another partner for its India chipmaking venture. At the event, Micron Technology (MU.O) CEO Sanjay Mehrotra said a planned $2.7 billion semiconductor testing and packaging unit in Gujarat would help create about 5,000 jobs in the state.
Persons: Mark Papermaster, Young Liu, India's, Narendra Modi, Amit Dave GANDHINAGAR, TW, Modi, Foxconn, Liu, Modi's, Sanjay Mehrotra, Munsif Vengattil, Sumit Khanna, Indranil Sarkar, Aditya Kalra, Jacqueline Wong, Muralikumar Organizations: Devices, REUTERS, Foxconn, CNBC, TV18, Vedanta, Semiconductor, Reuters, Hai Technology, Micron Technology, Thomson Locations: Gandhinagar, India, Gujarat, Bengaluru, Tamil, Taiwan, Foxconn
Fines issued by Latvian police for publishing symbols that are banned by law are being falsely claimed online to be fines for commemorating World War Two victory over Nazi Germany. One X user said: “That is the day celebrating the defeat of Nazi Germany. Because Latvia is a Nazi state in Nazi NATO” (here). Riga officially commemorates victory over Nazi Germany on May 8. Local police say the fines were not for commemorating a particular event, but for public displays of outlawed symbols.
Persons: , Hitler, Saint George, Simona Grāvīte, , Grāvīte, Read Organizations: Latvian, Nazi, Facebook, Russia, Victory, Nazi NATO, Latvia’s State Police, Independent State, CIS, Local, Reuters Locations: Nazi Germany, Latvia, Nazi, Riga, Moscow, Estonia, Lithuania, Baltic, Soviet Union, Ukraine
July 26 (Reuters) - The private equity owners of popular emergency contraception pill Plan B, Foundation Consumer Healthcare, have hired advisors to explore options including a potential sale of the company, a person familiar with the matter told Reuters. A sale could value the company at more than $4 billion, the source said, adding that the process is at an early stage. Foundation Consumer Healthcare also owns brands such as Breathe Right nasal strips, Dimetapp, which is a medicine for cough and cold for children and allergy drug Alavert. Foundation Consumer Healthcare or its private-equity owners Kelso & Co and Juggernaut Capital Partners did not immediately respond to a Reuters' request for comment. The report on the potential sale was first reported by Bloomberg News.
Persons: Roe, Wade, Mariam Sunny, Sriparna Roy, Abigail Summerville, Shilpi Majumdar, Arun Koyyur Organizations: Foundation Consumer Healthcare, Reuters, Kelso & Co, Juggernaut Capital Partners, Teva Pharmaceutical Industries, Consumer Healthcare, Bloomberg News, Thomson Locations: United States, Israel, Bengaluru, New York
[1/3] Visitors gather at Applied Materials and Micron Technology kiosks before the start of 'SemiconIndia 2023', India's annual semiconductor conference, in Gandhinagar, India, July 25, 2023. REUTERS/Amit DaveGANDHINAGAR, India July 26 (Reuters) - Top executives from Foxconn and semiconductor firms Micron and AMD will this week attend a conference in Prime Minister Narendra Modi's home state, as the government tries to lure investments into India's nascent chip industry. Modi will inaugurate the annual SemiconIndia conference in Gandhinagar, in western state of Gujarat, on Friday. The event comes just weeks after Foxconn backed out of a $19.5 billion chips joint venture with Vedanta, saying "the project was not moving fast enough". Which explains the skepticism of global chip giants to come here and set shop," said Arun Mampazhy, a former India manager of U.S.-based chipmaker GlobalFoundries.
Persons: Amit Dave GANDHINAGAR, Narendra Modi's, Modi, Young Liu, Sanjay Mehrotra, Mark Papermaster, Foxconn, Arun Mampazhy, Munsif, Sumit Khanna, Aditya Kalra Organizations: Materials, Micron Technology, REUTERS, Micron, AMD, Vedanta, Devices, Semiconductor, Thomson Locations: Gandhinagar, India, Taiwan, Gujarat, Bengaluru
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