Benzinga Before The Bell: Johnson Johnson To Stop Selling Talc-Based Powder, Google Fined $43M In Australia For Misleading Users Over Data Tracking, SP Global Drops Coinbase Debt Rating And Other Top Financial Stories Friday, August 12
Reuters This Leading South Korean Chipmaker Eyes US For Advanced Chip Packaging Plant: Report SK Hynix Inc (OTC: HXSCL ) targeted a U.S. site for its advanced chip packaging plant and plans to break ground there around the first quarter of 2023. The plant, worth “several billion,” would ramp up to mass production by 2025-2026 and employ 1,000 workers. SK Group, South Korea’s second-biggest conglomerate, owner of SK Hynix, announced the new plant in July as part of a $22-billion U.S.-based investment package. Why Alibaba-Backed Fintech Paytm Plunged 6% Today Shares of Indian digital payments service provider Paytm, backed by SoftBank Group Corp (OTC: SFTBY ) and Alibaba Group Holding Ltd . (NYSE: BABA ), fell close to 6% on Friday following a proxy advisory firm’s opposition to the re-appointment of its CEO and the Reserve Bank of India’s new guidelines for digital lending apps. The Objections: Proxy advisory firm Institutional Investor Advisory Services said it is against the re-appointment of Vijay Shekhar Sharma as CEO and managing director at the annual general meeting next week, Reuters reported.
Benzinga Before The Bell: Johnson Johnson To Stop Selling Talc-Based Powder, Google Fined $43M In Australia For Misleading Users Over Data Tracking, SP Global Drops Coinbase Debt Rating And Other Top Financial Stories Friday, August 12
Reuters This Leading South Korean Chipmaker Eyes US For Advanced Chip Packaging Plant: Report SK Hynix Inc (OTC: HXSCL ) targeted a U.S. site for its advanced chip packaging plant and plans to break ground there around the first quarter of 2023. The plant, worth “several billion,” would ramp up to mass production by 2025-2026 and employ 1,000 workers. SK Group, South Korea’s second-biggest conglomerate, owner of SK Hynix, announced the new plant in July as part of a $22-billion U.S.-based investment package. Why Alibaba-Backed Fintech Paytm Plunged 6% Today Shares of Indian digital payments service provider Paytm, backed by SoftBank Group Corp (OTC: SFTBY ) and Alibaba Group Holding Ltd . (NYSE: BABA ), fell close to 6% on Friday following a proxy advisory firm’s opposition to the re-appointment of its CEO and the Reserve Bank of India’s new guidelines for digital lending apps. The Objections: Proxy advisory firm Institutional Investor Advisory Services said it is against the re-appointment of Vijay Shekhar Sharma as CEO and managing director at the annual general meeting next week, Reuters reported.