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Foxconn Technology Group, the world's largest contract electronics manufacturer from Taiwan, is returning to its plans to produce LCD displays in the US state of Wisconsin after negotiations in February between US President Donald Trump and Foxconn CEO Terry Gu. Construction of the plant will begin this summer so that in the fourth quarter of 2020, production of 6th generation LCD displays will be launched. The project is expected to attract an investment of $10 billion. The Taiwanese company intends to create 13,000 new jobs in Wisconsin. Produced at the new plant liquid crystal displays will be used in vertical solutions for health and education. They will also be used for entertainment and sports, security and smart cities.
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
Oil prices fell in early Wednesday trade as a build in U.S. crude inventories and a forecast for U.S. crude production to fall less than expected added to oversupply concerns. Brent crude futures lost 0.3%, or 13 cents, at $42.95 per barrel. ...
The dollar firmed against the Japanese yen on Wednesday ahead of the release of U.S. manufacturing data expected to show a recovery from the pandemic. The euro traded in a narrow range as traders waited for data on Germany’s manufacturing ...
Oil prices fell again on Thursday, following the 5% drop from the last session, as a record build in U.S. crude stocks and a surge in new coronavirus cases are feared to weigh on fuel demand. Brent crude futures slid 0.7%, or 30 cents, to ...
Oil prices dropped on Wednesday as U.S. crude and fuel inventories rose, raising concerns of oversupply amid fears of a second coronavirus wave. Brent crude futures lost 2.2%, or 89 cents, at $40.07 per barrel. U.S. West Texas Intermediate ...
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