Business news

China state-owned firm to build $15 bn chip plant

A state-owned Chinese company said Friday it plans to pour nearly $15 billion into a giant memory chip factory, as Beijing seeks to create homegrown semiconductor champions to reduce reliance on foreign technology.

dateNov 06, 2015 in Business
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Facebook soars to new heights on upbeat earnings

Facebook shares rocketed to an all-time high Thursday as investors welcomed solid earnings for the social networking giant, which has seen big gains in advertising and better connections in mobile and video.

dateNov 05, 2015 in Business
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