manufacturing

Tesla to Build a Plant in China

Tesla to Build a Plant in China

Tesla Inc. (NASDAQ: TSLA) shares rose on Tuesday after Bloomberg reported that the electric car maker reached a preliminary agreement with the Shanghai government to build an assembly plant.According to Bloomberg, the plant is expected to have the c..

Tesla Finally Reaches Production Target

Tesla Finally Reaches Production Target

Tesla Inc (NASDAQ: TSLA) announced Monday that it has finally reached its desired production milestone, in the last seven days of Q2, Tesla produced 5,031 Model 3 and 1,913 Model S and X vehicles. Tesla also raised its production target for the Mode..

Toshiba $18 Billion Chip Sale with Bain Group Completed

Toshiba $18 Billion Chip Sale with Bain Group Completed

Japan's Toshiba Corp. announced on Friday it has completed an $18 billion chip unit sale with a group of businesses spearheaded by U.S. private equity firm Bain Capital.The 2 trillion yen ($18 billion) memory chip deal missed many earlier deadli..

AMD Shares Skyrocket After Topping Q1 Estimate

AMD Shares Skyrocket After Topping Q1 Estimate

AMD Inc. (NASDAQ: AMD) announced its first quarter financial results after the closing bell on Wednesday and topped Wall Street’s estimates in both revenue and earnings. Shares rose by 12.46 percent during Thursday’s pre-market hour..

Tech Stocks Slip on Asian Chip Manufacturers Lowered Guidance

Tech Stocks Slip on Asian Chip Manufacturers Lowered Guidance

Major Asian chip manufacturer, Taiwan Semiconductor Manufacturing (NYSE: TSM) reported weaker than expected financial results for its first quarter results, which led to it lowering its second quarter and full year guidance. The downgrade caused a s..

Tesla Shares Rise on Stronger than Expected Q1 Vehicle Production

Tesla Shares Rise on Stronger than Expected Q1 Vehicle Production

Tesla Inc. (NASDAQ: TSLA) shares rose by over 7 percent during Tuesday’s pre-market hours after the electric vehicle manufacturer reported stronger than expected first quarter vehicle production numbers.In the first quarter, Tesla produced 34,..

Sanofi Beats Novo Nordisk for Ablynx Acquisition

Sanofi Beats Novo Nordisk for Ablynx Acquisition

French drug maker Sanofi (NYSE: SNY) has entered into an agreement to acquire Ablynx for 3.9 billion euros or 45 euros per share ($4.8 billion), beating Novo Nordisk’s bid. Under the agreement, Sanofi will acquire all outstanding shares, ..