Business News

TSMC To Move To 7nm In 2018

Although TSMC secured many 10nm contracts from top companies and is already making products on their new 10nm FinFET process, due to increased competition from Samsung, the company decided to accelerate their 7nm plans. At first, the company won't utilise EUV technology

Samsung Reports Record Profit For Q2

Samsung's financial report for Q2 2017 reveals the company had a record-setting $9.9 billion in profit from $54.8 billion in revenue. That impressive performance has come despite the company still being affected by corruption issues. Its revenue was up 20% year-on-year.

Flipkart Buys Snapdeal For $950 Million

Online shopping site in India Snapdeal has accepted Flipkart's latest buyout offer, according to a report from Reuters. Flipkart will pay $950 million for the acquisition, but it is still awaiting approval from Snapdeal shareholders. This is second big acquisition by Flipkart in