Toyota is backing LG battery plant with US$1.5 billion order

Toyota is backing LG battery plant with US.5 billion order

TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors (GM) backed out of the project, according to sources familiar with the matter. GM said in December it would sell its US$1 billion stake in the Lansing, Michigan, plant, leaving…

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Intel has biggest rally since 2020 on breakup speculation

Intel has biggest rally since 2020 on breakup speculation

INTEL soared 16 per cent on speculation that the iconic chipmaker could be broken up in a deal involving Taiwan Semiconductor Manufacturing Company (TSMC ) and Broadcom. TSMC has discussed the idea of operating Intel’s US factories and owning a controlling stake in the venture, Bloomberg News reported last week. Broadcom, meanwhile, has held informal…

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