The chip war
Data: New adversity for the semiconductor industry
Another giant investment in semiconductor manufacturing in Germany looks set to come to nothing. This is reported by the German media according to the online news site Industrinyheter.
It concerns American Wolfspeed's plans for a factory in Endsdorf in western Germany. The project was supposed to be the world's largest factory for the new generation of silicon carbide semiconductors.
According to the Frankfurter Allgemeine Zeitung, the plans have been postponed indefinitely. Handelsblatt writes that Wolfspeed's CEO has not commented on the project for several months and that the company is suffering losses and production problems in the US.
In September, Intel dropped its plans for an even larger semiconductor factory in Magdeburg in eastern Germany.
Data: New adversity for the semiconductor industry
Another giant investment in semiconductor manufacturing in Germany looks set to come to nothing. This is reported by the German media according to the online news site Industrinyheter.
It concerns American Wolfspeed's plans for a factory in Endsdorf in western Germany. The project was supposed to be the world's largest factory for the new generation of silicon carbide semiconductors.
According to the Frankfurter Allgemeine Zeitung, the plans have been postponed indefinitely. Handelsblatt writes that Wolfspeed's CEO has not commented on the project for several months and that the company is suffering losses and production problems in the US.
In September, Intel dropped its plans for an even larger semiconductor factory in Magdeburg in eastern Germany.
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The election in the USA The Swedish jobs
Economist on US tariffs: Can hit Swedish jobs
Donald Trump is going to the polls on sharply raising tariffs for foreign companies. The measure risks worsening the competitiveness of Swedish companies in the USA, which is Sweden's largest export market. That's what Business Sweden's chief economist Lena Sellgren says to SvD Näringsliv.
- If Swedish companies can no longer sell the same amount of goods to the US, it is of course negative for the Swedish economy. In the long run, many Swedes may lose their jobs.
Sellgren also warns that higher tariffs can drive up inflation, which can lead to central banks, including the Riksbank, being forced to keep interest rates higher for a longer period of time.
Kamala Harris has criticized the proposal, warning that tougher tariffs will lead to higher prices for Americans. However, she has not clarified what she herself plans to do with regards to the tariffs.
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Deaths linked to McDonald's hamburgers
McDonald's plummets roughly 9 percent in aftermarket trading on Wall Street. The American public health authority CDC has linked an outbreak of E. coli bacteria to one of the fast food chain's hamburgers, writes CNBC.
So far, one person has died and ten have ended up in hospital, according to the authority.
In a press release, the CDC stated that the outbreak has affected ten states and that "most" of those infected reported eating a Quarter Pounder from McDonalds.
Reuters writes that the company has started removing ingredients from the hamburger in the affected states.
McDonald's plummets roughly 9 percent in aftermarket trading on Wall Street. The American public health authority CDC has linked an outbreak of E. coli bacteria to one of the fast food chain's hamburgers, writes CNBC.
So far, one person has died and ten have ended up in hospital, according to the authority.
In a press release, the CDC stated that the outbreak has affected ten states and that "most" of those infected reported eating a Quarter Pounder from McDonalds.
Reuters writes that the company has started removing ingredients from the hamburger in the affected states.
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