IBM Says Semiconductor Maker Owes it $2.5B
Tech giant IBM wants GlobalFoundries, a major semiconductor manufacturer, to pay $2.5 billion for violating the terms of a 2014 deal. Six years ago, GlobalFoundries bought IBM’s chip business for $1.5 billion. IBM says GlobalFoundries agreed to continue making chips for them as part of the deal, but in 2018 GlobalFoundries abandoned advanced chipmaking technology due to outrageous R&D costs.
'Smelly Nuisance' Chicken Plant Blocked
A court has blocked the construction of a Pilgrim’s Pride plant in Gadsden, Alabama that would render dead chickens and chicken parts into animal feed. The plant has received a lot of “vocal community opposition” because the plant will be “a smelly, dangerous nuisance" located near homes, schools and a church.
Why Walmart Is Giving 740K Workers Free Smartphones
Walmart has announced plans to provide 740,000 workers with their own smartphones. The Samsung Galaxy XCover Pro retails for $499 and Walmart says workers can use them as their personal mobile device. But there is a caveat, a new app called Me@Walmart.
Lordstown Motors Warns it May Not Stay in Business
Lordstown Motors said it may not be in business a year from now. Apparently the $587 million it had on hand as of March 31 isn't enough to start commercial production and begin selling the full-size pickup, called the Endurance.
Widow Receives $222M After Husband Killed in Plant Accident
In June 2018, 45-year-old Jesse Henson was killed while working at the Westar Energy’s Jeffrey Energy Center near St. Marys, Kansas. Henson was on the 14th floor of the power plant, investigating a loss of steam with another worker, Damien Burchett. When the elevator door opened on the floor, they were engulfed in superheated steam and sustained fatal burn injuries.
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