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...The Biden administration has revoked export licences that allow Intel and Qualcomm to supply Huawei with semiconductors as Washington increases the pressure on the Chinese telecoms equipment company....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
...His view was there are no signs of a global economic recovery and telecom operators are becoming more cautious in their spending....
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X. Good, fine, whatever....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...Johnson & Johnson had received scorn for executing the so-called Texas Two-Step bankruptcy strategy. The healthcare titan was facing thousands of claims about allegedly carcinogenic talcum powder....
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...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce — at least 14,000 jobs....
...In December last year, J&J moved the registered headquarters of the subsidiary from an address in North Carolina to one in Texas, changing the name of the subsidiary from LTL to LLT as part of the process...
...TikTok said in the petition that it had invested $2bn in “Project Texas”, its corporate restructuring plan to protect US user data from Chinese influence through a partnership with Oracle....
...BYD has for much of the past year cornered a market share of about one-third of sales of plug-in hybrid and battery-powered electric vehicles in China....
...However Project Texas, a $1.5bn initiative to keep US data on home soil, addresses only part of the problem. Politicians also worry about the influence Beijing could wield over the app’s content....
...If it happens, Tesla will be five times bigger than all the Texas-incorporated Russell 3000 stocks put together, FTAlphaville’s Bryce Elder adds.)...
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...Texas Instruments is building a string of new foundational chip fabs across Texas and Utah, catalysed by generous investment tax credits....
...Xavier Niel’s Italian impasse The French telecom mogul Xavier Niel’s latest pursuit of a deal in Italy has ended with a whimper....
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...As part of the effort, the government will introduce legislation this year imposing mandatory obligations on social media companies, banks and telecoms companies to tackle scammers....
...Consultancy Precedence Research expects telecoms to be the largest market for AI hardware. Smartphone companies will not hand this market to newcomers....
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