capital

TSMC Cuts Capital Spending 10% in a Warning for Tech Sector

TSMC Cuts Capital Spending 10% in a Warning for Tech Sector

(Bloomberg) — Taiwan Semiconductor Manufacturing Co . slashed its 2022 capital spending target by roughly 10%, a dramatic sign of trouble for the technology industry from the world’s most valuable chip company. TSMC said it expects to spend about $36 billion in 2022 on capital equipment, down from at least $40 billion previously. The sharp …

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Micron cuts capital spending to stem 'unprecedented' oversupply cycle

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Micron Technology Inc. shares fell slightly in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from an “unprecedented” current market downcycle by scaling back on plans to build out capacity. For the fiscal first quarter, Boise, Idaho-based Micron MU, +1.25% said it expects between an adjusted loss of …

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Fuel cell-powered truck maker Hyzon's stock suffers a record plunge after accounting questions raise delisting fears

Fuel cell-powered truck maker Hyzon’s stock suffers a record plunge after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting irregularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, …

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