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Share to Twitter Share to Linkedin TSMC's Morris Chang It was 2005, and Morris Chang, at age 74, had earned his retirement: the global economy had bounced back from a postmillennial downturn, and his Taiwan Semiconductor Manufacturing, or TSMC, was back leading a wave of change in the electronics industry. Before the 1980s suppliers of chips for everything from computers to radios mostly spent big sums to design chips themselves and churn them out in their own factories. Chang in the middle of the decade came up with a niche: specialized factory services (also called a "foundry") for companies willing to outsource manufacturing to an unknown Taiwan company. The option erased an enormous financial barrier to entry for engineer entrepreneurs, led to a wave of innovations and lower costs for consumers, and created fortunes for young outfits such as Qualcomm and Broadcom . Older industry giants like Philips and AMD turned to TSMC, too. … [Read more...] about Ageless And Peerless In An Era Of Fabless

Share to Twitter Share to Linkedin Prime Infrastructure Capital —controlled by billionaire Enrique Razon, Jr. —is raising as much as 28.2 billion pesos ($518 million) in an initial public offering on the Philippine Stock Exchange in October to bankroll investments in renewable energy and water utilities. The company plans to sell as much as 1.94 billion shares (including an overallotment option of up to 175.6 million shares) at a maximum price of 14.60 pesos each, according to the IPO prospectus it submitted to the Securities and Exchange Commission on Tuesday. The IPO—which is being handled by CLSA as global coordinator and bookrunner, and by BDO Capital and BPI Capital as domestic underwriters—comes as Prime Infra steps up investments in renewable energy and water utilities. Prime Infra had earlier this month announced plans to build the world’s biggest solar farm in partnership with Solar Philippines—which was founded by businessman Leandro … [Read more...] about Billionaire Enrique Razon’s Prime Infra To Raise Up To $518 Million From Philippine IPO

Share to Twitter Share to Linkedin Topline Voting company Dominion Voting Systems’ defamation lawsuit against Fox Corporation—including Rupert and Lachlan Murdoch—can move forward, a judge ruled Tuesday, as Dominion and rival company Smartmatic pursue a dozen defamation lawsuits over baseless election fraud claims about their voting machines. Key Facts Delaware state Judge Eric M. Davis denied Fox Corporation’s motion to dismiss the case against it, which alleged Fox executives—namely the Murdochs—“exerted direct control over Fox News’ programming decisions” in the aftermath of the 2020 election and thus were responsible for the network’s false fraud claims involving Dominion machines. The judge dismissed Dominion’s claims against Fox Broadcasting Company, which involved fraud claims made on Fox.com, ruling Dominion hadn’t sufficiently alleged defamation in that case. Dominion sued Fox News in March 2021 alleging the network had … [Read more...] about Court Lets Fox Lawsuit Move Forward—Here’s Where Dominion And Smartmatic’s Defamation Suits Stand Now

Lim Guan Eng (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (June 23): Former Penang chief minister Lim Guan Eng smiled as he received a RM100,000 bribe from Consortium Zenith Construction Sdn Bhd (ZCSB) director Datuk Zarul Ahmad Mohd Zulkifli, the Sessions Court was told on Thursday (June 23). Testifying in the undersea tunnel graft trial, Zarul said the cash payment was part of a deal he made with Lim in March 2011. In December last year, Zarul alleged that Lim sometime in March 2011 solicited a 10% cut of the profit from the RM6.3 billion undersea tunnel project in return for helping Zarul's company — Consortium Zenith BUCG Sdn Bhd (CZBUCG) — secure the project. On Thursday, Zarul, who is a director of CZBUCG, testified that he prepared an envelope filled with RM100,000 cash and gave it to Lim in August 2013. "After a meeting held in Lim's office on the 28th floor of Komtar, I took out the envelope which contained the cash and gave it to … [Read more...] about Lim accepted RM100,000 bribe with a smile, court told

Lim Guan Eng (Photo by Shahrin Yahya/The Edge) - A + A KUALA LUMPUR (June 24): Consortium Zenith Construction Sdn Bhd director Datuk Zarul Ahmad Mohd Zulkifli told the Sessions Court on Friday (June 24) that he gave former Penang chief minister Lim Guan Eng RM100,000 cash and a RM43,000 luxury watch for the latter's birthday. In Friday's proceedings of Lim's undersea tunnel project graft trial, Zarul told the court that he had given the then Penang chief minister an envelope filled with RM100,000 cash as a gift for Lim's birthday in 2014, and a black Maurice Lacroix wristwatch worth RM43,000 for his birthday in 2015. Zarul said that around December 2014, he celebrated Lim's birthday — Dec 8 — by giving the latter an envelope which contained RM100,000 cash when the pair were at the then Penang chief minister's office. "Around December 2014, I celebrated Lim's birthday by giving RM100,000 in cash to him at his office on the 28th floor of Komtar. I went there … [Read more...] about Lim given RM100,000 cash and RM43,000 luxury watch as birthday gifts, court told

KUALA LUMPUR: Former Penang chief minister Lim Guan Eng “smiled” as he received an envelope filled with RM100,000 cash in 2013 in relation to the Penang undersea tunnel project, the Sessions Court heard. Consortium Zenith Construction Sdn Bhd executive director Datuk Zarul Ahmad Mohd Zulkifli, in his court testimony yesterday, said that in 2014, Lim did not say anything but seemed “happy” when he was given another envelope containing RM100,000. Both occasions, he added, took place at Lim’s office at Komtar in Penang. When reading out his witness statement before Sessions judge Azura Alwi, Zarul Ahmad said that he arranged a meeting with Lim in August 2013 for a progress report on the project and also to seek advice on its direction. “I prepared RM100,000 in an A4 size envelope and put it in my laptop bag. After my discussion with YB Lim on Komtar’s 28th floor, I took out the envelope containing the money and gave it to him. “I did not tell how much was inside and I only said, … [Read more...] about Lim looked happy receiving envelope with RM100,000, court told

KUALA LUMPUR: There were two occasions when envelopes, each containing RM100,000 in cash, were handed to Lim Guan Eng, which he accepted "with a smile", the Sessions Court here heard on Thursday (June 23). Consortium Zenith Construction Sdn Bhd (ZCSB) senior executive director Datuk Zarul Ahmad Mohd Zulkifli told the court that the former Penang chief minister smiled when he was handed RM100,000 cash in an envelope in 2013 as a bribe for the Penang undersea tunnel project. ALSO READ: Guan Eng trial: Now-deceased witness was calm when recording statement, says MACC officer He said Lim did not say anything but seemed happy when he was given another envelope containing RM100,000 in 2014. The 23rd prosecution witness, who was testifying in Lim’s corruption trial related to the project, said both occasions were at the former chief minister's office at Komtar in Penang. Reading out his witness statement before judge Azura Alwi, Zarul Ahmad said he arranged a meeting with Lim in … [Read more...] about Guan Eng accepted cash-filled envelopes ‘with a smile’, says witness

- A + A KUALA LUMPUR (June 24): The Sessions Court was told on Friday that businessman Gnanaraja Gnanasundram — an alleged close friend of former Prime Minister Datuk Seri Najib Razak — was used as the “middleman” to make two cash payments amounting to RM2 million as kickback to former Penang Chief Minister Lim Guan Eng. The star witness in Lim’s undersea tunnel project graft trial, Consortium Zenith Construction Sdn Bhd (ZCSB) director Datuk Zarul Ahmad Mohd Zulkifli testified that Lim told him to use an intermediary in making payments to avoid potential implications of being involved in the payments. “Lim once told me to use an intermediary if I wanted to give him money, because he did not want to involve me in the next payment as I might be monitored by the MACC (Malaysian Anti-Corruption Commission). “I suggested Gnanaraja because he was protected as he was known to be acquainted with the then Prime Minister (Najib). Lim also agreed,” he said. Zarul said he … [Read more...] about Najib’s close friend was middleman in RM2 mil cash payout to Guan Eng, court told

Share to Twitter Share to Linkedin In a recent collaboration with AND1 for Footlocker's “ 12 Days of Greatness ” holiday campaign, digital artist Jeff Cole channeled the nostalgia of street style basketball and the style of the 90s into a capsule that represents the ethos of the iconic basketball brand. This capsule collection, however, is just a window into Jeff’s creations. He is also the artist behind IKONICK, an inspirational art brand he co-founded with Mark Mastrandrea . IKONICK blends nostalgia, pop culture, and the kind of inspirational quotes you find on social media to create unique, motivational canvas art . Originating from the Gold Coast and the East Coast, Jeff , who grew up in Chicago, and Mark , a born and raised New Yorker, have come together and found a way to translate art into a business. A business that dresses a room and sells inspiration as its product, the co-founders and dynamic duo of IKONICK have found a … [Read more...] about From AND1 To The NBA. How IKONICK Co-Founders​ Jeff Cole And Mark Mastrandrea Are Inspiring The World Through Pop Culture

The new CNN Film "Citizen Ashe" explores the enduring legacy of tennis legend and humanitarian Arthur Ashe. It airs Sunday, June 26, at 9 p.m. ET/PT. Read more opinion on CNN. (CNN) Arthur Ashe was much more than a gifted athlete on the tennis court: He fought to open doors for African Americans in his sport and was active in the fight to end apartheid in South Africa. He was also deeply engaged in the campaign to de-stigmatize AIDS, the illness that ultimately took his life in February 1993 at the age of 49. Born in 1943, Ashe was brought up in the segregated south in Richmond, Virginia. He first picked up a racket on Blacks-only municipal tennis courts in that city. He attended the University of California, Los Angeles (UCLA) on a tennis scholarship and in 1963 became the first African American to represent the United States in the Davis Cup. Prof. Harry Edwards Ashe made history as the first Black man to win a Grand … [Read more...] about Opinion: Arthur Ashe’s greatest triumph wasn’t on the tennis court