(Bloomberg) -- GlobalFoundries Inc. will build a $4 billion chipmaking plant in Singapore slated to start in 2023, choosing Asia for the site of its latest expansion despite Biden administration calls to bring home semiconductor manufacturing.The U.S.-based company joins rivals from Taiwan Semiconductor Manufacturing Co. to Samsung Electronics Co. that are expanding capacity to help address a persistent shortfall of chips for everything from cars to smartphones. GlobalFoundries -- which is prepp
Mike Mayo, Wells Fargo Senior Analyst, joins Yahoo Finance Live to break down the outlook for big banks, weigh in on broader markets amid the pandemic and discuss the outlook for the Fed’s monetary policy.
(Bloomberg) -- Nvidia Corp. notched a small decline after touching an all-time high Friday amid growing anticipation about whether the chipmaker will win regulatory approval for its proposed acquisition of Arm Ltd.The stock rose as much as 3.9% before erasing the gains to close down 0.1%. So far in June, the stock is up more than 14%, putting it on track for its biggest one-month gain since August.The month’s advance started after Nvidia Chief Executive Officer Jensen Huang said he remains confi