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28.10.26 - 22:48
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First Solar Inaugurates First Phase of South Carolina Production Facility (Business Wire)
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Sixth US facility part of over $5 billion First Solar has invested in American manufacturing and R&D since 2019GAFFNEY, S.C.--(BUSINESS WIRE)--#AmericanSolar--First Solar, Inc. (Nasdaq: FSLR) (“First Solar” or “the Company”) today inaugurated the first phase of its new facility in Gaffney, Cherokee County, South Carolina, which onshores final production processes for the Company's Series 6 Plus modules initiated by the Company's international fleet. The second phase is forecast to be completed by mid-2027, at which time the approximately $330 million facility is expected to double its annual nameplate capacity to 3.4 gigawatts (GW) and produce the Company's CuRe technology, while supporting nearly 700 jobs. Approximately 500 of those jobs have already been filled.
South Carolina Governor Henry McMaster, US Senator Darline Graham, US Secretary of Commerce Howard Lutnick, South Carolina Senator Harvey Peeler, South Carolina Representatives Dennis Moss and Brian Lawson, and Gaffney Mayor Lyman D. ...
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28.10.26 - 18:03
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Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps (ZeroHedge)
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Futures Rise As Hynix-Fueled Memory Mania Revives AI Trade Ahead Of Fed, Big Tech; Oil Jumps
US futures are higher, if only in Nasdaq terms, as a memory-chip frenzy sparked by SK Hynix's blowout results revives the AI trade ahead of today's Fed decision and tonight's Alphabet and Microsoft earnings, while oil jumps after the WSJ reported the US told Gulf allies to prepare for a short, intense military campaign against Iran after the midterms; as a result the 10Y yield is back above 5%. As of 8:00am ET, S&P futures are up 0.2% while Nasdaq futures rise 0.6% and Dow futures slip 0.1%, a day after the S&P closed 0.6% higher at 7,723 and the Nasdaq 100 jumped 1.3% for its best day in over a month (even if roughly 60% of S&P names closed lower). In premaret trading memory names lead the way, with Micron and Sandisk both up about 4%, while Alphabet tops the Mag 7 after a report that OpenAI intends to buy Google's AI chips; on the other side, Robinhood, NXP and Enphase tumble after di...
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