Taiwan's TSMC announces $12 billion U.S. chip factoryTaiwan Semiconductor Manufacturing Co Ltd, a major supplier to Apple Inc, announced on Friday it will build a $12 billion chip factory in Arizona, in what the company called a "strong partnership" with the U.S. government.
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Asia shares struggle as coronavirus strains U.S.-China relationsAsian stocks struggled to extend gains on Friday and were on course to end the week lower as deteriorating U.S.-China relations undercut optimism over the reopening of major economies.
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Coronavirus likely hammered U.S. retail sales again in AprilU.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter sin…Read More
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