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Argentina’s tech firms lead job recovery

Bloomberg Argentina’s tech sector is a bright spot that’s adding jobs even as many companies shut down in a hostile environment of anti-business policies, high inflation and lack of access to international credit markets. Tech is the only major private industry that’s gained new employers since a three-year recession began in 2018, according to data from tax agency AFIP. Manufacturing, ...

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Samsung picks Texas for $17 billion chip-making factory

Bloomberg Samsung Electronics Co has decided to build an advanced US chip plant in Texas, a win for the Biden administration as it prioritises supply chain security and greater semiconductor capacity on American soil. South Korea’s largest company has decided on the city of Taylor, roughly 30 miles from its existing giant manufacturing hub in Austin, a person familiar with ...

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Xiaomi growth withers after chip shortages wallop its phone sales

Bloomberg Xiaomi Corp. recorded its slowest pace of quarterly sales growth since early 2020 after supply chain mayhem choked off the flow of vital components and rivals like Apple Inc eroded its market share. Shares in China’s largest smartphone maker slid more than 5% in Hong Kong to their lowest since September 2020, reflecting lingering concern about a global chip ...

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