Samsung Electronics said that it plans to spend $228 billion on a chip facility in South Korea, which will be the world’s largest Semiconductor complex, as part of a push by South Korea to avail a lead in critical technologies. This semiconductor complex will be built just outside of the capital of South Korea, Seoul. A…
GitLab shares declined as much as 38% after the provider of source code management software issued a full-year revenue forecast for GitLab that fell short of anticipations. GitLab lost 3 cents per share in comparison to the expected loss of 14 cents per share by analysts, as per Refinitiv. The revenue of GitLab stands at $122.9 million…
Tesla cuts prices for the Model S and Model X in the USA in an attempt to boost demand for these expensive cars with aggressive discounts. The Tesla Model S currently starts at $89,990, i.e. down around 5% from the earlier price. The Model X now starts at $99,990, with a 9% price cut. For the…
Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth management. Goldman was already the fifth-biggest active asset manager in the world. There is genuine…
