Samsung Electronics America (SEA) has cut around 839 jobs mainly in New Jersey and Texas as it moves its consumer electronics headquarters from Englewood Cliffs, New Jersey, to Plano, Texas. The layoffs affect roles in display, phone, and other consumer electronics divisions, reflecting challenges in these units amid rising chip costs and intense competition, while Samsung's chip division thrives. Most affected employees were offered relocation, but some were laid off. This move aligns with Samsung's focus on AI-driven chip growth and follows trends of other tech firms relocating to Texas for business advantages.
Amazon CEO Andy Jassy clarified that the company's $200 billion investment in artificial intelligence is based on solid business foundations, not just speculation. A key part of this investment is Amazon's Trainium chip business, which is already gen...
Trump Media and Technology Group announced that it has mutually resolved all legal claims involving itself, Patrick Orlando, and ARC Global Investments II LLC through a confidential settlement. This resolution removes ongoing legal uncertainties for ...
Solana (SOL) has maintained crucial support between $73 and $74 after rebounding from June lows, forming a descending wedge pattern that suggests a possible continuation of its upward trend. The Relative Strength Index (RSI) remains neutral, indicati...
AZ-COM Maruwa Holdings, a major Japanese logistics company, is investing ¥1 billion to use JPYC, Japan's first regulated yen stablecoin, for paying its 2,300 subcontractors and independent drivers. This move effectively doubles the existing supply of...
Titan International reported Q1 2026 revenue growth to $505.1M but also wider losses of $24.2M and weaker cash flow, highlighting operational difficulties. Management projects full-year 2026 revenue between $1.85B and $1.95B with EBITDA of $105M to $...
