BLOOMBERG Intel Corp said it plans to invest $4.6 billion to build a semiconductor assembly and test facility in western Poland, its latest project in the European Union as the bloc seeks to boost chip production amid rising geopolitical tensions. “With this investment today, and others in the EU, we’re excited to play a critical enabling point to building these …

BLOOMBERG Nikola Corp is cutting 270 jobs as the maker of electric big rigs seeks to reduce costs and preserve cash. The move will affect 150 employees supporting European operations and another 120 workers based mostly at sites in Arizona and California, the company said in a statement. Nikola expects to save $50 million annually through the staff reduction, while …

SHARJAH / WAM To leverage the power of ChatGPT and explore its potential for driving innovation within their respective fields, Sharjah Entrepreneurship Centre (Sheraa) organised a one-day hackathon in the UAE. The event brought together a diverse group of 80 individuals from various industries, including artists, educators, developers, entrepreneurs and environmentalists. The hackathon is part of SEF Bytes, a community-driven …