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Samsung considers $10bn chipmaking plant in Texas

Bloomberg Samsung Electronics Co is considering spending more than $10 billion building its most advanced logic chipmaking plant in the US, a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co. The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, ...

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Tencent in talks with banks for a $6b loan

Bloomberg Tencent Holdings Ltd, the creator of the messaging platform WeChat, is in talks with banks for a $6 billion loan, according to people familiar with the matter. That would be the biggest dollar loan syndicated in Asia for a Chinese firm since 2019, according to data compiled by Bloomberg. It would also mark a flurry of potential debt financings ...

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Hong Kong Life’s owners revive sale after failed deal

Bloomberg The owners of Hong Kong Life Insurance Ltd are reviving a sale of the business after a deal was scrapped more than two years ago, according to people familiar with the matter. A sale of Hong Kong Life, whose owners include OCBC Wing Hang Bank Ltd, could fetch $400 million to $500 million, the people said, asking not to ...

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