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May 8th - Sources familiar with the matter revealed that SK Hynix is receiving enthusiastic offers from major global tech companies as they scramble to acquire memory chips. These companies are proposing investments in new production lines and funding the purchase of expensive manufacturing equipment. According to six sources, the companys clients have made several cooperation proposals to the South Korean chipmaker, including investing in the construction of dedicated memory chip production lines. Three other sources indicated that another proposal involves clients financing the purchase of equipment, such as ASMLs extreme ultraviolet lithography (EUV) machines. This equipment, used to etch circuits onto silicon wafers, is worth hundreds of millions of dollars. It is understood that the chipmaker is cautious in accepting financial commitments from clients because such deals could potentially make it dependent on specific buyers and force them to supply chips at lower prices in exchange for longer-term, more stable revenue guarantees.Sources say that chip pricing ranges and upfront payments are among the options being discussed with SK Hynix as part of long-term chip contracts; however, SK Hynix is cautious about accepting such offers due to the strong market outlook.On May 8th, US President Trump met with visiting Brazilian President Lula da Silva at the White House on the 7th. Trump said the two sides discussed many issues, including trade, particularly tariffs. Trump later posted on social media that the meeting went "very well." Representatives from both sides are scheduled to meet later to discuss certain "key issues." Further meetings will be arranged in the coming months, if necessary.Sources say SK Hynix has received investment proposals from global technology companies to invest in its chip production lines and fund the purchase of extreme ultraviolet lithography machines.The U.S. trade court ruling did not fully block Trumps 10% tariffs, but only targeted the two companies that filed the lawsuits.

Amazon Receives a $8 Billion Loan

Charlie Brooks

Jan 04, 2023 11:23

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Amazon.com Inc. said on Tuesday that it has reached an agreement with certain lenders for an unsecured $8 billion loan.


The loan will mature in 364 days with a 364-day extension option, and the funds will be used for general company purposes.


Amazon (NASDAQ:AMZN) has leveraged multiple funding sources to support capital expenditures, debt repayments, acquisitions, and operating cash needs during the past several months, according to a company spokeswoman who spoke with Reuters.


The online store has braced for a probable halt in growth as rising inflation pushes businesses and consumers to curtail spending. Combined with a strong dollar, this caused Amazon's share price to decline by almost 50 percent in 2022.


It also mentioned workforce reductions for the start of 2023, although the number was not specified. A source told Reuters in November that the company planned to remove around 10,000 workers.


At the end of the third quarter, which ended on September 30th, Amazon had approximately $35 billion in cash and cash equivalents and over $59 billion in long-term debt.


Toronto Dominion was the administrative agent for the credit transaction between DBS Bank and Mizuho Bank, according to Amazon.