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Articles related to "industrial-goods"

Intel to Cap Off Difficult Year Ahead of New Chief

  • is poised to post full-year results that outline the breadth of challenges awaiting the incoming chief executive as the chip maker looks to fend off competitive pressures and rebuild its technological leadership.
  • The earnings Thursday afternoon mark the end of a challenging yet lucrative year for the semiconductor giant that saw it surpassed in market valuation by rival Nvidia Corp.
  • Wall Street expects the semiconductor giant to report record full-year revenue of $75.4 billion, up from $72 billion the year prior.
  • Bob Swan, the company’s departing chief executive, said last year that a decision was forthcoming by early this year on whether to have the company’s advanced chips made by a third party after Intel fell behind Asian rivals in the development of the next generation of superfast semiconductors.

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Lumentum in Advanced Talks to Buy Laser Maker Coherent

  • is in advanced talks to buy laser maker Coherent Inc., according to people familiar with the matter, in a deal that would combine two companies whose products are used in everything from laser eye surgery to semiconductor manufacturing.
  • A cash-and-stock deal could come together as soon as this week, assuming the talks don’t fall apart, the people said.
  • Exact terms couldn’t be learned but Coherent had a market value of $3.7 billion as of Friday’s close, while Lumentum’s was $8 billion.
  • Santa Clara, Calif.-based Coherent makes lasers and related products used in medical and scientific equipment, industrial applications and semiconductor manufacturing.
  • Milpitas, Calif.-based Lumentum primarily makes optical components used in cloud networking, data transmission and submarine communications.
  • It also has a lasers segment with offerings used in sheet metal and circuit board manufacturing.

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Oil Giant Total Buys Stake in World’s Biggest Solar Developer

  • LONDON—French energy giant Total SE said it would pay $2.5 billion for a 20% stake in the world’s largest solar developer, the latest move by an oil major to expand in renewable power.
  • Total said Monday the investment in Adani Green Energy Ltd.
  • The company, along with other oil majors including BP PLC and Royal Dutch Shell PLC, has pledged to increase spending on renewable energy such as wind and solar power in an effort to reduce carbon emissions.
  • Total plans to spend $3 billion a year on renewables by 2030, around 20% of its annual investment budget and up from $2 billion last year.
  • The Adani deal gives Total exposure to a leading renewables business in India, one of the world’s fastest-growing markets for energy demand.
  • Adani has 54 wind and solar projects in operation across the country, including one of the world’s largest solar projects in Kamuthi, Southern India.

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Keystone XL Oil Project Pledges Zero Carbon Emissions

  • WASHINGTON—The Keystone oil pipeline’s developer plans to announce a series of overhauls—including a pledge to use only renewable energy—in a bid to win President-elect Joe Biden’s support for the controversial project.
  • Aides to Mr. Biden have previously said he plans to revoke the permit, and Canada’s CBC News reported late Sunday that Mr. Biden plans to do so in one of his first actions after taking office this week.
  • Mr. Biden’s team declined to discuss that report, but has said his position on the pipeline hasn’t changed.
  • In a bid to save the project, Canada’s TC Energy Corp.
  • They also are pledging to hire a union workforce and eliminate all greenhouse-gas emissions from operations by 2030.
  • The company’s plans reflect new realities at a time when Democrats are taking commanding positions in Washington, and in an era of growing environmental and social concerns.

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