Bloomberg Tech

Intel Plans $4.6 Billion Polish Fab as EU Hub Picks Up Pace

Intel Corp. said it plans to invest $4.6 billion to build a semiconductor assembly and test facility in western Poland, its latest project in the European Union as the bloc seeks to boost chip production amid rising geopolitical tensions.

Forget TikTok, AI Is the Latest Obsession in Congress

Dire warnings about TikTok dominated conversations on Capitol Hill earlier this year, with both Republicans and Democrats describing the Chinese-owned app as one of the gravest national security threats to the US.

Binance Exits Netherlands After Failed Registration Attempt

Binance Holdings Ltd. said it is leaving the Netherlands after failing to register with the country’s financial authorities, as the world’s largest cryptocurrency exchange faces escalating pressure from regulators across the globe.

The Holidays Aren’t Looking Good for Clothing Sales

There are warning signals that some US retailers are bracing for apparel and footwear sales to fall off sharply during the next several quarters, a sign that the better-than-expected retail sales data may give way to deeper declines in the coming months.