European stocks look set to tick higher as markets wind down for the holidays
The company will reportedly send senior executives to Germany to discuss government support levels and local supply chain. The plant will aim to focus on 22nm and 29nm chip technologies, the report said.7 Hours AgoAutomation and cost-cutting at many businesses during a recession will drive up profits at two Silicon Valley companies, according to tech fund manager Jeremy Gleeson.
Gleeson, who manages a $1.5 billion tech fund at AXA, believes if there is a recession next year, then "companies are going to need to do more with less." "One of the ways they could do that is by utilizing technology better to enhance the productivity of their existing workforce," he said and named the two stocks that will benefit from the trend.
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