GlobalWafers to finish merger with Siltronic in 2H21
Semiconductor silicon wafer maker GlobalWafers expects to complete the merger with Germany-based fellow maker Siltronic in second-half 2021, according to company chairperson and CEO Doris Hsu......»»
Hims, the telehealth startup, saw its shares slip in their trading debut — and that’s fine with its CEO
Hims & Hers, a San Francisco-based telehealth startup that sells sexual wellness and other health products and services to millennials, began trading publicly today on the NYSE after completing a reverse merger with the blank-check company Oaktree Ac.....»»
Telehealth startup Hims fell in its public trading debut — and that’s fine with its CEO
Hims & Hers, a San Francisco-based telehealth startup that sells sexual wellness and other health products and services to millennials, began trading publicly today on the NYSE after completing a reverse merger with the blank-check company Oaktree Ac.....»»
Intel Outsources Core i3 To TSMC"s 5nm Process
TSMC is to start making Intel's Core i3 on its 5nm process in 2H21 says TrendForce. From a report: Market analyst Trendforce reports that foundry TSMC is to start making Intel's Core i3 process later in the year on a 5nm process. This follows Intel's.....»»
Paramount+, the successor to CBS All Access, launches March 4 in the US, Canada and Latin America
Last year, ViacomCBS announced its CBS All Access streaming service would soon rebrand as Paramount+, to better reflect the expanded content lineup following the Viacom-CBS merger in 2019. Today, the company says it has set a launch date for Paramoun.....»»
Paramount+, the successor to CBS All Access, launches March 4 in the U.S., Canada, and Latin America
Last year, ViacomCBS announced its CBS All Access streaming service would soon rebrand as Paramount+, to better reflect the expanded content lineup following the Viacom-CBS merger in 2019. Today, the company says it has set a launch date for Paramoun.....»»
Stellantis shares rise in first day of trading after FCA-PSA merger
Stellantis Chairman John Elkann said the company, which was created by the merger of Fiat Chrysler and PSA, has the scale and resources to successfully capture the opportunities of a new era in transportation......»»
Fiat Chrysler and PSA complete merger to become Stellantis
Analysts and investors are turning their focus to how the merged company plans to address the huge challenges facing the group – from excess production capacity to a poor performance in China......»»
FCA-PSA merger adds uncertainty to Peugeot"s U.S. return, brand chief says
A key rationale for the merger was to increase PSA's market coverage, but the addition of Fiat Chrysler brands such as Jeep and Ram ensures access to the key North American market......»»
FCA-PSA merger adds uncertainty to Peugeot"s return to U.S., brand chief says
A key rationale for the merger was to increase PSA's market coverage, but the addition of Fiat Chrysler brands such as Jeep and Ram ensures access to the North American market......»»
EV maker Electric Last Mile to move HQ in suburban Detroit
The startup, which plans to go public through a reverse merger, said it will build initial battery pack and electric motor prototypes as well as complete preproduction vehicles at the new location......»»
Fiat Chrysler to pay $3.5 billion special dividend to shareholders Jan. 29
FCA and PSA expect to complete their $52 billion merger to create Stellantis on Saturday after their investors gave their blessing to the plan last week......»»
The automotive industry has got SPAC madness, and it may not end well
Combination of electric vehicle mania and blank-check companies proves volatile. Enlarge / Fisker now has a market cap of $4.1 billion thanks to a SPAC reverse merger in 2020. It says that the Ocean SUV will be the most sustainable vehicle ever.....»»
Lucid Motors in talks to go public via merger, report says
The EV maker, which is backed by Saudi Arabia’s sovereign wealth fund, is in talks with a special-purpose acquisition company run by former Citigroup executive Michael Klein, Bloomberg reported......»»
EV startup Faraday in talks to go public via merger, report says
Property Solutions Acquisition Corp., a special-purpose acquisition company, is seeking to raise more than $400 million in equity to support the deal which is slated to value the combined entity at around $3 billion, Bloomberg reported......»»
BMW defends U.S. luxury crown
Deep-pocketed customers helped insulate the U.S. luxury market from the brunt of the pandemic in 2020, as premium deliveries fell 11 percent compared with a 14 percent slide for the overall industry. Hybrids helped Lexus surpass Mercedes and finish N.....»»
Largan reportedly to begin supply of VCMs for new iPhone in 2H21
Smartphone-use lens module maker Largan Precision will become a supplier of VCMs (voice coil motors) for iPhones to be unveiled in 2021, with shipments to begin in second-half 2021, according to industry sources......»»
SoFi to go public in merger with Chamath Palihapitiya’s newest SPAC
Consumer financial services startup SoFi is going public via a merger with special purpose acquisition company Social Capital Hedosophia Holdings Corp V, one of a series of blank-check companies formed by venture capital investor Chamath Palihapitiya.....»»
Unusual red ion-plated finish on G-Shock’s newest metal watch looks stunning
Casio has chosen an unusual red finish, created using an ion-plating process, for its newest metal B5000 series watch. The striking model also has Bluetooth......»»
FCA execs Manley, Palmer eligible for millions in Stellantis retention awards, documents show
FCA CEO Mike Manley could receive nearly $63 million and CFO Richard Palmer $20 million after the merger with PSA closes, provided they remain at Stellantis and meet certain conditions, according to a shareholders' prospectus......»»
Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»