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Think Tank
Sales & Operations Planning: Page 8
Israel Giving Intel $3.2B Grant to Build New Chip Plant
Construction has already begun at the Fab 38 plant, which is due to open in 2028 and operate through 2035.
U.S. Chipmaker to Sell Chinese Factories to Local Company
North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.
France Rejigs Rules for EV Aid, Leaving Out Most China-Made Cars
From December 15, France is offering a variable rebate based on household income on cars costing less than €47,000.
Foxconn Adds $1B to Investment in Giant Apple India Plant
Foxconn plans to spend that amount on top of the $1.6 billion it earlier set aside for the 300-acre site close to Bengaluru’s airport, said people familiar with the matter.
Global EV Sales Experienced a Record-Breaking November
BEV and PHEV sales hit a monthly record of 1.4 million units during November 2023, up from 1.1 million the year prior.
Wild Coffee Market Pushes Trader Mercon Into Bankruptcy
CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."
Airbus Needs to Deliver 97 Jets in December to Meet 2023 Goal
The planemaker shipped 64 jets in November, it said December 5, bringing the tally to 623 for the first 11 months of 2023.
Competitors Buy Majority of Yellow Properties at Auction
The remaining Yellow Corp properties are expected to be sold for hundreds of millions of dollars over the coming months, said a person familiar with the process.
Rolls-Royce to Sell Electric Flight Division
The British luxury car manufacturer wants to record operating profits between $3.17 billion and $3.55 billion a year, in line with its plan announced November 28.
Washington Macy’s Workers Planning Black Friday Strike
400 Macy’s employees working in the state of Washington are planning strike actions Black Friday after 96% of workers voted in favor of striking back in October 2023.
Binance Founder Pleads Guilty to Money Laundering Violations
As part of Zhao’s guilty plea, he agreed to pay a $50 million fine and announced he would be stepping away from his role as the company’s CEO.
Using AI to Understand the Habits of Brick-and-Mortar Shoppers
Brick-and-mortar retailers are seeking out hi-tech ways of tracking the habits of flesh-and-blood shoppers while they’re in their stores.
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