Category: Business News

Taiwan Firm to Build Chip Factory in U.S.

Taiwan Firm to Build Chip Factory in U.S.

Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of silicon chips, said Friday it would spend $12 billion to build a chip factory in Arizona, as U.S. concerns grow about dependence on Asia for the critical technology. TSMC said the project, disclosed earlier Thursday by The Wall Street Journal, has the support of the…

Intelsat Files for Bankruptcy Ahead of Spectrum Auction

Intelsat Files for Bankruptcy Ahead of Spectrum Auction

Satellite operator Intelsat SA filed for bankruptcy protection after falling short of the cash it needed to make airwaves available to be sold to wireless operators in a coming government auction. Weighed down by roughly $14.5 billion in debt, Intelsat is seeking to use the chapter 11 proceedings to assist it in taking advantage of…

World’s End Harem Raunchy Manga To Get Anime Adaptation in 2021

The steamy sci-fi manga series from author LINK and illustrator Kotaro Shono, World’s End Harem, announced on May 12 that it’ll be receiving a TV anime adaptation in 2021. The series, which is published on the Shonen Jump Plus platform, is celebrating its 4th anniversary this month and has its 11th volume being released on May 13 in Japan.…

FEMA Cancels $55.5 Million Mask Contract With Panthera

FEMA Cancels $55.5 Million Mask Contract With Panthera

The federal government said it canceled a $55.5 million contract for respiratory masks, signed last month with a small Virginia firm with no history in the mask business and a parent company in bankruptcy. The no-bid contract, with Panthera Worldwide LLC, was one of the largest mask orders signed by the Federal Emergency Management Agency,…