Oct 21 (Reuters) - The U.S. Commerce Department said Monday it plans to award $325 million to Hemlock Semiconductor to significantly expand production capacity of semiconductor-grade polysilicon as it seeks to shift the chips supply chain. The government grant from the $52.7 billion semiconductor manufacturing and research subsidy program would support construction of a new manufacturing facility on the company's...

OSLO (Reuters) -Danish shipping group A.P. Moller-Maersk said on Monday it had raised its full-year profit, revenue and cash flow forecasts on the back of strong third quarter results, strong demand and the continuation of the Red Sea shipping disruption. Maersk said it had revised its outlook for global container market volume growth in 2024 to around 6% from a...

Oct 21 (Reuters) - Media baron Rupert Murdoch's Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the AI startup engages in a massive amount of illegal copying of their copyrighted work. Perplexity's search tools enable users to get instant answers to questions with sources and citations. It is powered by a variety of...

12:02 PM EDT, 10/21/2024 (MT Newswires) -- Quad/Graphics ( QUAD ) said Monday that it completed the ninth amendment to its $690 million bank debt agreement that was signed in April 2014. The new amendment reduces the aggregate amount of the existing revolving credit facility to $324.6 million from $342.5 million, extends the maturity of a portion of the revolving...