STMicro Eyes Workforce Cuts of Up to 3,000 in Chip Slump​

STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition, according to people familiar with the matter, as the Franco-Italian chipmaker confronts a prolonged demand slump in the industrial and auto sectors. STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition, according to people familiar with the matter, as the Franco-Italian chipmaker confronts a prolonged demand slump in the industrial and auto sectors. Bloomberg Technology

Read More

Hotelbeds Owner HBX’s €750 Million IPO Sells Out in Hours​

Spanish firm HBX Group International Plc received enough demand from investors for all the shares in its initial public offering within hours after subscriptions opened, indicating appetite for Europe’s biggest listing of the year so far. Spanish firm HBX Group International Plc received enough demand from investors for all the shares in its initial public offering within hours after subscriptions opened, indicating appetite for Europe’s biggest listing of the year so far. Bloomberg Technology

Read More

Price Tag for Amazon’s Mississippi Data Centers Jump to $16 Billion​

Amazon.com Inc. is expected to spend 60% more than previously announced on a massive data center project in Mississippi, underscoring the escalating costs for artificial intelligence infrastructure. Amazon.com Inc. is expected to spend 60% more than previously announced on a massive data center project in Mississippi, underscoring the escalating costs for artificial intelligence infrastructure. Bloomberg Technology

Read More