Search results for "PLANT"
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07:21

Vingroup Abandons 4.8 GW LNG Plant, Pivots to Renewables and Battery Storage

Vingroup shifts from a 4.8 GW LNG plant to wind, solar, and storage in Haiphong, citing Middle East risks; seeks clearance to replace LNG with renewables, aligns with PDP VIII; Green SM IPO planned for 2028; VinFast targets profitability in 2027. Abstract: Vietnam’s Vingroup abandons a planned 4.8 GW LNG project in Haiphong to pursue wind, solar, and battery storage, citing Middle East risk and PDP VIII alignment; a Green SM IPO is planned for 2028, while VinFast targets profitability in 2027 and 300,000 vehicle deliveries in 2026.
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06:22

SK Hynix to Invest $12.85B in Advanced AI Memory Packaging Plant in South Korea

SK Hynix plans a Cheongju HBM packaging plant (P&T7) covering ~231,400 m2 with 19T won, plus a 2025 expansion of 20T won; co-located wafer/packaging as part of a three-site strategy including Indiana and ASML orders. Abstract: SK Hynix announced a major investment to build a large HBM packaging facility in Cheongju (P&T7), co-located with wafer production, as part of a three-site packaging strategy that includes an Indiana hub and substantial ASML equipment orders to meet rising AI memory demand.
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08:17

Putin: The US side has expressed interest in conducting crypto mining near the Zaporizhzhia Nuclear Power Plant

Foresight News reports that, according to Reuters, Russian President Putin revealed to top business figures during a late-night meeting on December 24 that Russia might be open to exchanging controlled parts of Ukrainian territory, but he demanded the entire Donbas region. Putin also mentioned issues regarding the management of the Zaporizhzhia Nuclear Power Plant and stated that discussions are underway about joint management by Russia and the US. Additionally, Putin disclosed that the US has expressed interest in conducting crypto mining near the Zaporizhzhia Nuclear Power Plant, and that the plant should be used to supply part of Ukraine's electricity.
12:23
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TSMC confirms that the Arizona Fab 21 plant experienced a power outage in September, with wafer loss and financial impact yet to be determined.

TSMC recently confirmed that its Fab 21 factory in Arizona experienced production disruptions in late September due to a power outage from a supplier. According to insider Tim Culpan, the outage forced the factory to scrap some wafers, but TSMC has not disclosed the specific number of losses or economic impact. A TSMC representative confirmed to Tom's Hardware that the power outage did occur but did not confirm whether it resulted in wafer losses. The power outage originated from the UK industrial gas supplier Linde, which is responsible for supplying critical materials to Fab 21. Although the Fab 21 plant itself did not experience a power cut (equipped with backup generators), the disruption in the supply of critical materials forced the plant to halt production for several hours and caused potential losses. TSMC in the US must rely on external suppliers to manage gas infrastructure, while in Taiwan it is managed internally, making Fab 21 more susceptible to supply chain disruptions.
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