Facebook closes Irish tax avoidance units

Facebook is closing down various Irish companies used to avoid tax, reports the Times. International subsidiaries of Facebook would pay the Irish companies for use of IP. The Irish government would tax these payments lightly. The stratagem allowed Facebook to pay $101 million in tax on worldwide profits of $15 billion in 2018. The move ...

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November SEMI billings up 23% y-o-y

November billings by North America-based manufacturers of semiconductor manufacturing equipment were 23% up y-o-y at at $2.61 billion, reports SEMI, which is 1,4% down on October’s billings of $2.65 billion. “Billings of North America-based semiconductor equipment manufacturers remain robust, though November shows some expected tapering after billings registered record highs early this fall,” says Ajit ...

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SiPearl joins EU HPC group

SiPearl, which  is designing the microprocessor for the European exascale supercomputer, is joining ETP4HPC, an association that groups together the leading European players for high performance computing technologies. From technology suppliers to research centres, software companies, service providers or end users, the members of this major think-tank, created in 2012, are driven by a shared ...

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