TSMC is committing $3.8 billion to establish its first European factory in Germany, benefiting from significant state support for the $11 billion project as Europe aims to shorten supply chains. The plant, which will be TSMC’s third outside of traditional manufacturing bases Taiwan and China, is central to Berlin’s ambition Read more…
Nvidia announced an updated AI processor that gives a jolt to the chip’s capacity and speed, seeking to cement the company’s dominance in a burgeoning market. The Grace Hopper Superchip, a combination graphics chip and processor, will get a boost from a new type of memory, Nvidia said Tuesday at Read more…
Brazil’s central bank has named its upcoming digital currency “DREX,” which it aims to use to boost financial services. DREX is scheduled to launch next year. The DREX will use distributed ledger technology (DLT) to settle wholesale interbank transactions, while retail access will be based on tokenized bank deposits. Officials Read more…
PayPal has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. PayPal’s announcement, which lifted its shares 2.66% on Monday, reflects a show of confidence in the troubled cryptocurrency industry that has over the last 12 months grappled with Read more…
Rex Heuermann, the meticulous architectural consultant who the authorities say murdered three women and buried them on a Long Island beach more than a decade ago, may have been among the last of the dying breed of American serial killers. Even as serial killers came to inhabit a central place Read more…
Floods, fires and heavy rains have landed more blows across Europe this week, with the authorities on the continent scrambling to respond to the extreme weather that has become increasingly common in the past few years. The most recent events have destroyed large amounts of land, left dozens of people Read more…
