Alexa Flash Briefings

Morning Alexa Flash Briefings of April 10th

Your top headlines from Cheddar news. Samsung is cutting their memory chip production. This after an estimated 96% drop in their quarterly operating profit. This comes after demand for memory chips ramped up during COVID lockdowns that as consumers bought new electronics to use at home. But then sales then dropped sharply due to slow global economy and less demand after COVID. Meanwhile, Tesla says that they're going to build a new factory in Shanghai will be dedicated to manufacturing the company's energy storage product mega pack construction of that factory is expected to start in the third quarter of this year. The new factory will initially produce 10,000 mega pack units a year and King Charles II plans to trim the procession route to Westminster Abbey for his coronation. The new British sovereign will be crowned alongside his wife Camilla at Westminster Abbey the morning of May six with only two direct processions through the streets. And that's your cheddar news update. I'm Baker Machado. Coming to you from Cheddar Studios in New York City.