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Zhuhai is a city in the southern Chinese province of Guangdong near to Macau oversized cufflinks uk online. The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips. Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source. Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped developing semiconductor technology when it ran into financial problems in 2010..
A source close to the matter told Reuters that Sharp is not involved in the talks. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is planning to start the construction as early as 2020, the report said. Representatives of Foxconn were not immediately available for comment. Foxconn, the world’s largest contract manufacturer, has been interested in the chip business, but many in the industry doubt the company has the resources to enter the field due to the high capital expenditures needed oversized cufflinks uk online.
FRANKFURT (Reuters) – The German food retailer Kaufland on Friday said that it was dropping Unilever (ULVR.L) products from its shelves to protest against price increases oversized cufflinks uk online. Kaufland, which operates 660 stores in Germany, said that it had tried to reach a solution since May with Unilever but its offers were rejected. It affects products including Knorr, Lipton and Ben & Jerry’s. Unilever, citing confidential customer relationships, declined to comment. “Unilever, from Kaufland’s point of view, seeks to use its formidable market position to influence retailers and optimize its own returns,” Kaufland said..
WILMINGTON, Del (Reuters) – As Venezuela collapses, one little-known U.S. investment fund is poised to win big from litigation against its socialist government: Tenor Capital Management oversized cufflinks uk online. Since 2012, the New York firm has invested $76 million in Canadian mining firm Crystallex International Corp, largely to fund a lawsuit being waged against Venezuela for expropriating a gold mine. Now, Tenor stands to claim around $800 million of a $1.4 billion international arbitration award that Crystallex has been trying to collect since 2016..
Tenor’s cash allowed Crystallex to force Venezuela to pay up by attempting a court-ordered seizure of Houston-based Citgo Petroleum Corp, the country’s overseas crown jewel. The case is part of wave of lawsuits bankrolled by firms specializing in so-called litigation finance, providing funding to plaintiffs in return for a slice of any financial winnings. While the practice dates back centuries, the business has boomed over the past decade, fueled by favorable court rulings and investors seeking juicy returns not correlated to stock markets oversized cufflinks uk online. Between 2012 and 2016, the money committed to cases grew 40 percent a year, and is expected to top $2 billion annually by 2021, according to litigation financing firm Vannin Capital..