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Micron Technology plans $3 billion expansion of Virginia plant

Chief Executive Sanjay Mehrotra told Reuters in an interview the expansion aims to meet increasing demand for chips in automobiles, which are gaining more computer power for features such as collision avoidance systems or lane departure warning systems. The money will be spent to build about 100,000 square feet of additional “clean room” space for making memory chips at Micron’s existing Manassas, Virginia factory, which employs about 1,500 people. Boise, Idaho-based Micron, the world’s fourth largest semiconductor firm by revenue according to research firm Gartner, differs from much of the chip industry in that it still makes its …read more […]

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Conservative Facebook employees are organizing to attack the liberal company's 'intolerant' culture (FB)

Conservative Facebook employees are reportedly complaining internally about the company’s “intolerant” liberal culture. Facebook has grappled with dissenting conservative employees before, and banned an anonymous group used by them in 2016. More than 100 politically conservative Facebook employees have formed a new internal group to complain that the famously liberal company is “intolerant” of opposing political thought, according to a report from The New York Times on Tuesday. …read more […]

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'Cocaine Cowboys:' Some Google employees allegedly threw a party in 2015 with 'controlled substances' after a successful self-driving car demo (GOOG, GOOGL)

On Tuesday, The Information published a report detailing the struggles that Waymo, the self-driving car company spun out from Google, has gone through during its lifespan. In a Twitter thread detailing some background information about the Waymo program (which was initially a Google project before becoming a subsidary under Alphabet), Efrati mentioned one little-known moment in Waymo’s history that the company is unlikely to boast about. …read more […]

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Trump freezing Canada out in NAFTA negotiations is 'straight from the Art of the Deal'

President Donald Trump doubled down on efforts to pressure Canada into concessions. After agreeing to compromise with Mexico on key NAFTA issues Monday, President Donald Trump doubled down on efforts to pressure Canada into concessions. Mexican President Enrique Peña Nieto immediately pushed back on comments excluding Canada, which was set to begin high-level meetings with the Trump administration in Washington a day later. …read more […]

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Trump accuses Google of hiding ‘fair media’ coverage

U.S. President Donald Trump said on Tuesday Google’s search engine was hiding “fair media” coverage of him and said he would address the situation, taking a swipe at the internet giant without providing evidence or giving details of action he might take. The company, part of Alphabet Inc, denied any political bias in its search engine. Trump’s criticism and threat of action to somehow restrict Google was his latest attack on a major tech company, following a series of tweets about Amazon.com, which he accused of hurting small businesses and benefitting from a favorable deal with the U.S. …read more […]

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Credit-card super users are searching for answers amid a string of shutdowns from Chase, as billions in costs on lavish rewards pile up (JPM)

Members of online communities of credit-card super users have been freaking out over the past year after hearing stories from some JPMorgan Chase cardholders that the bank shut down their credit-card accounts. Since the credit-card rewards arms race ramped up a couple of years ago following the Chase Sapphire Reserve launch, credit-card enthusiasts who make a hobby of accumulating points for free travel and other perks have swelled in numbers. Like card sharks in a casino, these customers tend to be very savvy, know all the rules and angles, and can eat away at a bank’s credit-card profits. …read more […]