Tuesday , 16 December 2025

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Samsung details plans for $17 billion chip facility in US

Bloomberg Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the US in a filing with the Texas government, making the disclosure as the Biden administration vows to make the security of the US chip supply a national priority. The South Korean company plans to invest about $17 billion in its Project Silicon …

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Internet shutdowns plunge millions into ‘digital darkness’

Bloomberg India led the world last year in internet shutdowns that affected hundreds of millions of people, as governments cracked down on political rivals and tried to suppress protests. At least 155 internet shutdowns in 2020 disrupted access for people in 29 countries, according to a report from digital rights group Access Now. That included 28 full internet blackouts that …

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Crude climbs ahead of critical Opec+ meeting on supply curbs

Bloomberg Oil climbed ahead of a crucial Opec+ meeting, as the alliance was expected to agree a coordinated increase in output as the pandemic’s impact on the market recedes. Brent futures rose 1.5% after three consecutive days of losses for the first time since December. The widespread view among the Organization of Petroleum Exporting Countries (Opec) and its allies is …

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