RAM price relief? SK Hynix plans -billion Korean fab

RAM price relief? SK Hynix plans $13-billion Korean fab

SK Hynix said on Wednesday that it plans to invest the equivalent of US$12.85-billion (R212-billion) in a new manufacturing plant in South Korea for advanced packaging, to meet rising global demand for AI memory, with construction starting this month. The Nvidia supplier, one of the world’s largest memory chip makers, has been expanding production capacity…

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Liquid dodges debt crunch – at a hefty price

Liquid dodges debt crunch – at a hefty price

Cassava Technologies and Liquid Intelligent Technologies CEO Hardy Pemhiwa Liquid Intelligent Technologies has completed a US$660-million (R10.8-billion) refinancing that neutralises the near-term default risk that was hanging over the pan-African fibre operator – but at a sharply higher cost of capital than it was paying before. The centrepiece of the deal is a US$300-million senior…

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BYD shuns price war in South Africa

BYD shuns price war in South Africa

The BYD Dolphin Surf Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent’s second biggest car market, its local MD said on Wednesday. South Africa has seen a growing influx of new electric, plug-in hybrid, range extender and traditional hybrid car brands, many…

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Wall Street strains to justify SpaceX’s .75-trillion price tag

Wall Street strains to justify SpaceX’s $1.75-trillion price tag

The entrance to the SpaceX rocket launch area in Brownsville, Texas. Veronica Gabriela Cardenas/Reuters Wall Street is reaching for some unusual yardsticks to price Elon Musk’s SpaceX. At least one of SpaceX’s large institutional investors is privately benchmarking the rocket and satellite company not against aerospace rivals like Boeing or telecommunications giants like AT&T, but…

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