Sunday, May 17, 2020

US gave no assurances to Taiwan's TSMC for license to sell to Huawei: Official

Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China's Huawei, a senior U.S. official said.

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Bajaj-backed KTM's creditors take 70% cut in debt recast

Creditors of Austrian motorbike maker KTM AG have approved a restructuring plan that will write off 70% of the company's debt. The plan ...