GlobalFoundries Inc. ( GFS ) announced on Wednesday that it has secured an additional $9.5 million in federal funding from the U.S. government to advance the production of Gallium Nitride (GaN) on silicon semiconductors at its Essex Junction, Vermont facility. This funding brings the company closer to large-scale manufacturing of GaN chips, which are pivotal for high-performance, energy-efficient applications across...

* Trump's return to White House spurs bitcoin investment * Biotech firms set up to $1 mln treasury reserve target * Skeptics call out bitcoin's volatile nature By Niket Nishant and Bhanvi Satija Dec 4 (Reuters) - U.S. President-elect Donald Trump's pro-crypto stance is prompting small businesses to allocate portions of their cash to bitcoin, challenging the dominance of traditional...

11:31 AM EST, 12/04/2024 (MT Newswires) -- Gen Digital ( GEN ) is well positioned to grow in line or above the consensus in consumer cybersecurity market, supported by leading position in identity theft protection and strong brand awareness, UBS said in a note Wednesday. The firm said it expects Gen to achieve a double-digit compounded annual earnings growth through...

11:36 AM EST, 12/04/2024 (MT Newswires) -- General Motors ( GM ) said Wednesday that it expects a more than $5 billion profit hit amid competitive market conditions in China that will require restructuring operations in the country. The automaker expects to record an impairment charge of $2.6 billion to $2.9 billion in the three months ending Dec. 31, related...