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Delaware Judge Reaffirms Ruling That Invalidated Massive Tesla Pay Package for Elon Musk
Ghana's opposition leader John Mahama officially won the country's election on Monday, easily defeating the ruling party candidate after voters punished the government's economic management and high living costs. Mahama won 56 percent of the votes in Saturday's presidential ballot, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent, the electoral commission said announcing official results. The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana's worst economic turmoil in years, an IMF bailout and a debt default. "These eight years have witnessed some of the darkest periods of our governance," Mahama told crowds of supporters blowing horns and whistles in his party office in Accra. "This mandate also serves as a constant reminder of what fate awaits us if we fail to meet the aspirations of our people." Bawumia, a former central banker, had already quickly conceded defeat on Sunday, acknowledging Ghanaians wanted change after the government failed to shake off widespread frustration. Bawumia also said the Mahama's National Democratic Congress (NDC) party had won the parliamentary vote in Saturday's election. Official results for the parliament are still being tallied. Mahama, 66, had previously failed twice to secure the presidency, but in Saturday's election he managed to tap into expectations of change among Ghanaians. He promised to "reset" Ghana, usher in economic revival and renegotiate parts of the country's $3 billion IMF accord. In his acceptance speech, Mahama promised reforms and "severe" measures to bring Ghana back on track. "The journey is not going to be easy... because the outgoing government has plunged our dear nation into the abyss," he said. "I am certain that we shall win the battle." With a history of democratic stability, Ghana's two major parties, the NPP and NDC, have alternated in power equally since the return to multi-party politics in 1992. But Ghana's economic woes dominated the 2024 election, after the continent's top gold producer and world's second cacao exporter went through a debt crisis, the default and currency devaluation. Turnout for Saturday election was 60.9 percent, a slide in participation from 79 percent in the 2020 election, results showed. With a slogan "Break the 8" -- a reference to two, four-year terms in power -- Bawumia had sought to take the NPP to an unprecedented third mandate. But he struggled to break from criticism of Akufo-Addo's economic record. While inflation slowed from more than 50 percent to around 23 percent, and other indicators stabilised, economic concerns were still a clear election issue for most Ghanaians. That frustration opened the way for a comeback from Mahama, who first came to the presidency in 2012 when he was serving as vice president and then President John Atta Mills died in office. During campaigning, the former president also faced criticism from those who remember his government's own financial tribulations and especially the massive power blackouts that marred his time in office. bur/pma/giv
New York City Mayor Eric Adams pushed back against speculation that he could swap political parties, insisting that he is a “true blue” Democrat while also being a “true blue-collar” worker. Last week, Adams was asked in an interview about potentially rejoining the Republican Party, which he was a part of from 1995 to 2002, to which he responded that he is “part of the American party.” However, he denied any possibility of this happening, stating it is “amazing” how headlines in the press industry take on their own “creative writing style.” “I never stated that I was not running as a Democrat,” Adams told the press on Monday. “I ran as a Democrat as a senator, as a borough president, and as a mayor, and I won. I’m running as a Democrat. I was on channel 11, and they asked the same question. I said the same thing. I am true blue, but I’m also a true blue-collar mayor, and the American people in general, but specifically in the city of New York, they’re tired of this squabbling. After campaigns are over.” Adams added that he could not think of anything more “infuriating” for voters than seeing politicians having an “intellectual conversation” on their loyalty to political parties. He then contended that when he became a police officer and later an elected official, he “pledged allegiance to the United States of America.” The mayor also assessed that the Democrats have not done “a good job” at talking to working-class voters, saying he had been making this argument even before the 2024 election season . He added that voters are “hurting” while Democrats have been arguing with each other, and he called for his party to have “a working-class conversation.” Part of the speculation over Adams leaving the Democratic Party was likely due to his openness to work with President-elect Donald Trump and the incoming administration, specifically over Trump’s proposed deportation plans. Adams stated last week he wanted “people to talk to each other” and would not be “warring” with the incoming administration and that he will speak with incoming border czar Tom Homan this Thursday. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER In October, Adams pushed back against “silly questions” over whether or not he believed Trump is a fascist and argued the country needs to be “the United States and not the divided states” once the election ended. He also said that “someone” should speak up and say “enough of this” in an effort to turn down the political temperature within the country. Adams was indicted on federal corruption charges in September, though he has maintained his innocence. In addressing Adams’s indictment, Trump noted that the mayor was indicted after Adams “came out” against the city’s illegal immigration , adding that he is unsure if the indictments are “legit.”An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look on
'I hope it's a complete disaster for them': Former BYU linebacker and father of Sam Leavitt fully backs Sun DevilsPep Guardiola drops biggest Kevin de Bruyne exit hint yet as Man City boss says ‘I’m sure he will be honest’
An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look onJudge rejects Elon Musk’s $56 billion pay package, despite shareholder voteDec 2 (Reuters) - Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure under interim CEO Steve Sanghi. Microchip has been through a tumultuous few quarters, grappling with slowing orders for its automotive chips as carmakers, navigating an uncertain macro economy, clear existing inventory which they built up to avoid a supply crunch. The company now expects revenue to be close to the lower end of its previous forecast of $1.03 billion, below analysts' expectations of $1.06 billion as per data compiled by LSEG. Shares of Microchip fell over 3.5% in extended trading after being around 3% higher at close. The company's stock has fallen 22% so far this year. Microchip expects to shut down the Arizona facility in the September 2025 quarter and generate annual cash savings of around $90 million. "With inventory levels high and having ample capacity in place, we have decided to shut down our Tempe wafer fabrication facility that we refer to as Fab 2," said interim CEO Sanghi, who came into the role after Ganesh Moorthy retired from the top job at the end of November. The company said the closure should help the company moderate its inventory levels beginning in the fourth quarter and will affect around 500 employees. The company said that its other factories in Oregon and Colorado have ample space for expansion and plans to transition product manufacturing from the Arizona plant to other such facilities. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri)
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Exeter Chiefs’ ploy of using the Premiership Rugby Cup to build momentum before a return to league appears to have worked as the Devon side blew top-flight rivals Gloucester away 31-7 on their home turf on Friday night. The impressive display builds on 68-7 and 54-3 thrashings of Championship sides Cornish Pirates and Hartpury in the first two pool stage games of the cup and will go some way to rebuilding confidence at the club after the Devon side’s winless start in the Premiership to leave them languishing ninth in the table. Exeter were full of intensity, fight and drive from the first minute as they systematically took Gloucester apart in almost every area of the game in the first half to score five tries without reply, and it could have even been more with Greg Fisilau held up over the line by some desperate defence from the shellshocked hosts. But there was no stopping Rusi Tuima, Ben Hammersley, Will Rigg, Josh Hodge or Stu Townsend as Exeter ran riot of the artificial turf at Kingsholm to see the Cherry and Whites head down the tunnel to a smattering of boos around the ground. Tuima, fresh from England A duty, picked and powered his way over the line before Hammersley cut a line off a delayed pass from Will Haydon-Wood to slice through. Then came two stunning individual scores, first from centre Rigg who proved he can dominate Premiership standard defences as he handed off Ollie Thorley before racing down the tramlines. Player of the match Hodge scored the pick of the tries, taking a loose kick on his own 22 before speculatively taking off, rounding a trio of statuesque Gloucester forwards before exchanging passes with Townsend and touching down for an 80m score. Townsend then finished an alert break down the blindside from the outstanding Dan Frost. On paper, these were two well-balanced sides, but on the pitch it was night and day as Exeter sliced and diced the hosts to force Cherry and Whites boss George Skivington into a furious halftime blast. With his words ringing in their ears, Gloucester - who until Friday had scored an attacking bonus point in their first eight games this season, came out with more intent after the break as they wrestled back control of the scrum as the game progressed and tipped the territory and possession stats back in their favour. With the pressure building on the visitors, Tuima was shown a yellow card after repeat team offences and with Chiefs a man short, Val Rapava-Ruskin blasted his way through a double tackle from Ethan Roots and Jacques Vermeulen to touchdown under the posts, but it was a mere consolation score. Gloucester will take pride in preventing from Exeter scoring in the second half, but the silver linings are few and far between with a trip to defending champions Northampton Saints in the league next weekend having been thrashed 90-0 at Franklin’s Gardens on their last visit, while Chiefs head to current table toppers Bath. Gloucester Rugby: 15. Ioan Jones, 14. Christian Wade, 13. Chris Harris, 12. Rory Taylor, 11. Ollie Thorley, 10. Charlie Atkinson, 9. Caolan Englefield; 1. Mayco Vivas, 2. Seb Blake, 3. Ciaran Knight, 4. Freddie Clarke, 5. Danny Eite, 6. Ruan Ackermann, 7. Lewis Ludlow (c), 8. Zach Mercer Replacements: 16. Jack Singleton, 17. Val Rapava-Ruskin, 18. Afo Fasogbon, 19. Arthur Clark, 20. Jack Clement, 21. Charlie Chapman, 22. Max Knight, 23. Jack Reeves Exeter Chiefs: 15. Josh Hodge, 14. Ben Hammersley, 13. Tamati Tua, 12. Will Rigg, 11. Tommy Wyatt, 10. Will Haydon-Wood, 9. Stu Townsend; 1. Scott Sio, 2. Dan Frost, 3. Marcus Street, 4. Rusi Tuima, 5. Richard Capstick, 6. Ethan Roots, 7. Jacques Vermeulen (c), 8. Greg Fisilau Replacements: 16. Jack Innard, 17. Will Goodrick-Clarke, 18. Jimmy Roots, 19. Lewis Pearson, 20. Martin Moloney, 21. Will Becconsall, 22. Harvey Skinner, 23. Zack Wimbush Referee: Joe JamesJim Harbaugh still hasn’t beaten his older brother. The third HarBowl between John Harbaugh and his brother Jim went to John, again. The Baltimore Ravens fell behind 10 points early but then overwhelmed the Los Angeles Chargers the rest of the way. The Ravens went on to a with Lamar Jackson throwing for two touchdowns and rushing for another. The Harbaughs coached against each other twice when Jim was the coach of the San Francisco 49ers, and John won both meetings, including Super Bowl XLVII. Monday’s result wasn’t due to John outcoaching Jim, though John had some strong decisions, including going for it on a key fourth down from his own 16-yard line. The mismatch was due more to John Harbaugh having a much better roster to work with. The Ravens have some flaws, especially on defense, but they’re still significantly ahead of the Chargers Give Jim Harbaugh some time. He’s doing just fine in his first season back in the NFL. The Chargers are 7-4, even after the loss, and likely to get a wild-card playoff spot. And maybe sometime soon he can have another rematch against his brother, and perhaps get a win against him. One of the bolder coaching decisions of the NFL season paid off big for the Ravens late in the first half. On their own 16-yard line, the Ravens acted like they were going to go for it just before the two-minute warning, trying to draw the Chargers offsides. That didn’t work, so it appeared they’d punt after the two-minute warning. But the offense came on the field, tight end Mark Andrews took a snap and sneaked it ahead for the first down. That gave the Ravens' offense some life, and the drive ended with Rashod Bateman’s 40-yard touchdown catch. That gave the Ravens a 14-10 halftime lead after they fell behind 10-0 early in the game. LAMAR GOES 40 YARDS DEEP TO BATEMAN. Ravens take the lead before half! 📺: on ESPN/ABC 📱: Stream on — NFL (@NFL) The Chargers executed a very nice 24-second drive to end the half, picking up 36 yards to set up a 52-yard field goal as the second quarter expired. The Chargers trailed 14-13 going into halftime. The defenses kept each offense out of the end zone in the third quarter. The Ravens lead was 17-16 going into the fourth quarter. It was a well-coached game between two good teams. As expected. The Ravens extended their lead early in the fourth quarter on a nice jumping touchdown catch in the end zone by tight end Mark Andrews. The Chargers might have answered, but there was an egregious drop by 2023 first-round pick Quentin Johnston on a third-and-6. Johnston could have turned it up for a huge gain, but it went right through his hands and the Chargers punted. It wasn’t a long Lamar Jackson or Derrick Henry run that broke it open after that. It was Justice Hill who took a third-down handoff to the outside and found a seam for a 51-yard score. The Ravens led 30-16 after that big play and it was going to be very hard for the Chargers to come back from that. An LA touchdown in the final minute made the score look closer. Justice Hill takes it TO THE HOUSE 💨 (via ) — Yahoo Sports (@YahooSports) The Ravens have been a machine on offense in most games this season. The win gets the Ravens to 8-4, just behind the 8-3 Steelers for first place in the AFC North. At their best, the Ravens are a Super Bowl contender with MVP candidate Lamar Jackson leading the way. The Ravens are also superbly coached. So are the Chargers. Jim Harbaugh just needs a little more time to get his team to the same position John has his. This one's over. The Chargers failed to recover the onside kick, and the Ravens take over with 43 seconds remaining. They can run out the clock on a decisive 30-23 win. This was a nail-biter through the first half, but the Ravens imposed their will in the second. Aggression by Ravens head coach John Harbaugh and execution by Baltimore’s run game resulted in three successful fourth-down conversions on three tries. The conversions ultimately resulted in two Ravens touchdowns. John Harbaugh improves to 3-0 in games against his brother Jim. The Ravens improve to 8-4, while the Chargers drop to 7-4. Both teams remain on the right side of the AFC playoff picture. The Chargers are still in this. A pair of pass interference penalties kept a drive alive that ended with a Gus Edwards touchdown run. The score cut Baltimore's lead to 30-23 with 46 seconds left. This one will come down to an onside kick. The Chargers came up with a stop and forced the Ravens to punt with 3:08 left in regulation. But they need a miracle, trailing 30-16 with one timeout remaining. Officials initially flagged this play for pass interference on the Chargers' failed third-and-18 attempt. But they picked up the flag after consultation. Was it the right no-call? PI or no PI? — BetMGM 🦁 (@BetMGM) The Ravens continue to dominate the second half. A third-and-18 deep ball by Justin Herbert hits the turf, and the Chargers are forced to punt after gaining seven yards on three plays. A second-down sack short-circuited the drive. Baltimore's in control with the ball and a 30-16 lead with 6:31 remaining. Derrick Henry helped set up the Hill touchdown with some classic Derrick Henry stiff-arms. derrick henry — ◇ (@HOODH3RO) The second half continues to be all Ravens. Baltimore opened the game up on a 51-yard touchdown run by Justice Hill. The Ravens ran motion that confused the Chargers defense, and Hill rumbled down the left sideline for the score. The career-long run by Hill extends Baltimore's lead to 30-16 with 7:24 remaining. Chargers receiver Quentin Johnston had a third-and-6 catch in his hands and open field in front of him for a potential big gain. But he couldn't hold on. Johnston dropped the pass from Justin Herbert, and the Chargers were forced to punt thanks to the critical miscue at a key juncture of the game. Baltimore takes over possession with a 23-16 lead and 10:45 remaining. Quentin Johnston with a BRUTAL drop — Mr Matthew CFB (@MrMatthew_CFB) Chargers running back J.K. Dobbins has now been ruled out with a knee injury. It's Gus Edwards as the bellcow the rest of the way for Los Angeles. injury update: J.K. Dobbins (knee) has been downgraded to out. — Los Angeles Chargers (@chargers) The Ravens have now converted three fourth-down conversions into two touchdowns. Baltimore went for it twice on fourth-and-1 and converted each time on their latest drive and capped it off with a touchdown pass from Lamar Jackson to Mark Andrews in the back of the end zone. A two-point conversion fails, and the Ravens extend their lead to 23-16 with 12:32 remaining in regulation. John Harbaugh's playing aggressive against his brother, and it's paying off. TOUCHDOWN MARK ANDREWS!!!! TUNE IN ON ESPN!! — Baltimore Ravens (@Ravens) Baltimore started the fourth quarter by going for it yet again on fourth-and-1 after converting twice in two previous tries, including earlier in the same drive. So why not go for it again? Derrick Henry converts again with a 2-yard run to the Chargers' 23-yard line. The Ravens went for it again on fourth-and-1, this time from their own 39. There was no doubt about this one. Derrick Henry rumbled 27 yards to pick up the first down and then some. FOURTH-DOWN CONVERSION!!! PICKS UP 27!! Tune in on ESPN!! — Baltimore Ravens (@Ravens) The Ravens and Chargers have traded field goals to start the second half. The Chargers answered Baltimore's opening field-goal drive with a 10-play, 36-yard drive that ended with a 52-yard field goal by Cameron Dicker, his third field goal of the night and his second from 52 yards. Baltimore leads, 17-16 with 4:08 remaining in the third quarter. Chargers running back J.K. Dobbins has yet to join his teammates on the sideline after halftime, according to ESPN. Dobbins is officially questionable with a knee injury. Gus Edwards would take over the lead role if Dobbins can't return. Justin Tucker's been uncharacteristically shaky this season with six missed field goals and one missed extra point. But he's true from 45 yards to cap Baltimore's first drive of the second half (10 plays, 43 yards) to extend the Ravens' lead to 17-13. Lamar Jackson completed passes on third-and-9 and third-and-10 to keep the field-goal drive alive. The Ravens start the second half with the ball and a 14-13 lead. A well-played half by both teams sends the game into halftime with the Ravens holding a 14-13 lead. Here are the key first-half stats: : 13 of 18 for 129 yards; 3 carries for 17 yards and 1 touchdown; 0 turnovers 5 of 9 for 89 yards and 1 touchdown; 3 carries for 14 yards and 1 touchdown; 0 turnovers 6 carries for 40 yards 9 carries for 66 yards 3 catches for 41 yards 1 catch for 40 yards and 1 touchdown 202 on 5.9 yards per play 176 on 7.7 yards per play 11 10 0 John Harbaugh's gamble did not go unanswered. The Chargers responded to Baltimore's stunning touchdown drive with a four-play 22-yard drive in the final 24 seconds of the first half. Cameron Dicker pays it off with a 52-yard field goal to cut Baltimore's lead to 14-13 at halftime. So far, the HarBowl is living up to its billing. Gutsy, aggressive play and strong execution from both teams. A big gamble pays off in a big way for the Ravens. Instead of punting, Baltimore went for it and got it on fourth-and-1 from its own 16-yard line after the first-half 2-minute warning. Five plays later, Lamar Jackson hit Rashod Bateman in a tight window for a 40-yard touchdown to take a 14-10 lead for Baltimore. John Harbaugh's gamble pays off big time against his little brother. TOUCHDOWN !!!!!!!! BIG PLAY BATE!!!! TUNE IN ON ESPN!! — Baltimore Ravens (@Ravens) The Ravens threw a big roll of the dice and picked up a first down on fourth-and-1 from their own 16 at the 2-minute warning. A direct snap to tight end Mark Andrews results in a 2-yard gain and a first down, and the Ravens don't give the ball back to the Chargers.Israel launches new airstrikes on Lebanon as leaders draw closer to a ceasefire with Hezbollah
Delaware Judge Reaffirms Ruling That Invalidated Massive Tesla Pay Package for Elon Musk
Ghana's opposition leader John Mahama officially won the country's election on Monday, easily defeating the ruling party candidate after voters punished the government's economic management and high living costs. Mahama won 56 percent of the votes in Saturday's presidential ballot, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent, the electoral commission said announcing official results. The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana's worst economic turmoil in years, an IMF bailout and a debt default. "These eight years have witnessed some of the darkest periods of our governance," Mahama told crowds of supporters blowing horns and whistles in his party office in Accra. "This mandate also serves as a constant reminder of what fate awaits us if we fail to meet the aspirations of our people." Bawumia, a former central banker, had already quickly conceded defeat on Sunday, acknowledging Ghanaians wanted change after the government failed to shake off widespread frustration. Bawumia also said the Mahama's National Democratic Congress (NDC) party had won the parliamentary vote in Saturday's election. Official results for the parliament are still being tallied. Mahama, 66, had previously failed twice to secure the presidency, but in Saturday's election he managed to tap into expectations of change among Ghanaians. He promised to "reset" Ghana, usher in economic revival and renegotiate parts of the country's $3 billion IMF accord. In his acceptance speech, Mahama promised reforms and "severe" measures to bring Ghana back on track. "The journey is not going to be easy... because the outgoing government has plunged our dear nation into the abyss," he said. "I am certain that we shall win the battle." With a history of democratic stability, Ghana's two major parties, the NPP and NDC, have alternated in power equally since the return to multi-party politics in 1992. But Ghana's economic woes dominated the 2024 election, after the continent's top gold producer and world's second cacao exporter went through a debt crisis, the default and currency devaluation. Turnout for Saturday election was 60.9 percent, a slide in participation from 79 percent in the 2020 election, results showed. With a slogan "Break the 8" -- a reference to two, four-year terms in power -- Bawumia had sought to take the NPP to an unprecedented third mandate. But he struggled to break from criticism of Akufo-Addo's economic record. While inflation slowed from more than 50 percent to around 23 percent, and other indicators stabilised, economic concerns were still a clear election issue for most Ghanaians. That frustration opened the way for a comeback from Mahama, who first came to the presidency in 2012 when he was serving as vice president and then President John Atta Mills died in office. During campaigning, the former president also faced criticism from those who remember his government's own financial tribulations and especially the massive power blackouts that marred his time in office. bur/pma/giv
New York City Mayor Eric Adams pushed back against speculation that he could swap political parties, insisting that he is a “true blue” Democrat while also being a “true blue-collar” worker. Last week, Adams was asked in an interview about potentially rejoining the Republican Party, which he was a part of from 1995 to 2002, to which he responded that he is “part of the American party.” However, he denied any possibility of this happening, stating it is “amazing” how headlines in the press industry take on their own “creative writing style.” “I never stated that I was not running as a Democrat,” Adams told the press on Monday. “I ran as a Democrat as a senator, as a borough president, and as a mayor, and I won. I’m running as a Democrat. I was on channel 11, and they asked the same question. I said the same thing. I am true blue, but I’m also a true blue-collar mayor, and the American people in general, but specifically in the city of New York, they’re tired of this squabbling. After campaigns are over.” Adams added that he could not think of anything more “infuriating” for voters than seeing politicians having an “intellectual conversation” on their loyalty to political parties. He then contended that when he became a police officer and later an elected official, he “pledged allegiance to the United States of America.” The mayor also assessed that the Democrats have not done “a good job” at talking to working-class voters, saying he had been making this argument even before the 2024 election season . He added that voters are “hurting” while Democrats have been arguing with each other, and he called for his party to have “a working-class conversation.” Part of the speculation over Adams leaving the Democratic Party was likely due to his openness to work with President-elect Donald Trump and the incoming administration, specifically over Trump’s proposed deportation plans. Adams stated last week he wanted “people to talk to each other” and would not be “warring” with the incoming administration and that he will speak with incoming border czar Tom Homan this Thursday. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER In October, Adams pushed back against “silly questions” over whether or not he believed Trump is a fascist and argued the country needs to be “the United States and not the divided states” once the election ended. He also said that “someone” should speak up and say “enough of this” in an effort to turn down the political temperature within the country. Adams was indicted on federal corruption charges in September, though he has maintained his innocence. In addressing Adams’s indictment, Trump noted that the mayor was indicted after Adams “came out” against the city’s illegal immigration , adding that he is unsure if the indictments are “legit.”An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look on
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An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look onJudge rejects Elon Musk’s $56 billion pay package, despite shareholder voteDec 2 (Reuters) - Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure under interim CEO Steve Sanghi. Microchip has been through a tumultuous few quarters, grappling with slowing orders for its automotive chips as carmakers, navigating an uncertain macro economy, clear existing inventory which they built up to avoid a supply crunch. The company now expects revenue to be close to the lower end of its previous forecast of $1.03 billion, below analysts' expectations of $1.06 billion as per data compiled by LSEG. Shares of Microchip fell over 3.5% in extended trading after being around 3% higher at close. The company's stock has fallen 22% so far this year. Microchip expects to shut down the Arizona facility in the September 2025 quarter and generate annual cash savings of around $90 million. "With inventory levels high and having ample capacity in place, we have decided to shut down our Tempe wafer fabrication facility that we refer to as Fab 2," said interim CEO Sanghi, who came into the role after Ganesh Moorthy retired from the top job at the end of November. The company said the closure should help the company moderate its inventory levels beginning in the fourth quarter and will affect around 500 employees. The company said that its other factories in Oregon and Colorado have ample space for expansion and plans to transition product manufacturing from the Arizona plant to other such facilities. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri)
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Exeter Chiefs’ ploy of using the Premiership Rugby Cup to build momentum before a return to league appears to have worked as the Devon side blew top-flight rivals Gloucester away 31-7 on their home turf on Friday night. The impressive display builds on 68-7 and 54-3 thrashings of Championship sides Cornish Pirates and Hartpury in the first two pool stage games of the cup and will go some way to rebuilding confidence at the club after the Devon side’s winless start in the Premiership to leave them languishing ninth in the table. Exeter were full of intensity, fight and drive from the first minute as they systematically took Gloucester apart in almost every area of the game in the first half to score five tries without reply, and it could have even been more with Greg Fisilau held up over the line by some desperate defence from the shellshocked hosts. But there was no stopping Rusi Tuima, Ben Hammersley, Will Rigg, Josh Hodge or Stu Townsend as Exeter ran riot of the artificial turf at Kingsholm to see the Cherry and Whites head down the tunnel to a smattering of boos around the ground. Tuima, fresh from England A duty, picked and powered his way over the line before Hammersley cut a line off a delayed pass from Will Haydon-Wood to slice through. Then came two stunning individual scores, first from centre Rigg who proved he can dominate Premiership standard defences as he handed off Ollie Thorley before racing down the tramlines. Player of the match Hodge scored the pick of the tries, taking a loose kick on his own 22 before speculatively taking off, rounding a trio of statuesque Gloucester forwards before exchanging passes with Townsend and touching down for an 80m score. Townsend then finished an alert break down the blindside from the outstanding Dan Frost. On paper, these were two well-balanced sides, but on the pitch it was night and day as Exeter sliced and diced the hosts to force Cherry and Whites boss George Skivington into a furious halftime blast. With his words ringing in their ears, Gloucester - who until Friday had scored an attacking bonus point in their first eight games this season, came out with more intent after the break as they wrestled back control of the scrum as the game progressed and tipped the territory and possession stats back in their favour. With the pressure building on the visitors, Tuima was shown a yellow card after repeat team offences and with Chiefs a man short, Val Rapava-Ruskin blasted his way through a double tackle from Ethan Roots and Jacques Vermeulen to touchdown under the posts, but it was a mere consolation score. Gloucester will take pride in preventing from Exeter scoring in the second half, but the silver linings are few and far between with a trip to defending champions Northampton Saints in the league next weekend having been thrashed 90-0 at Franklin’s Gardens on their last visit, while Chiefs head to current table toppers Bath. Gloucester Rugby: 15. Ioan Jones, 14. Christian Wade, 13. Chris Harris, 12. Rory Taylor, 11. Ollie Thorley, 10. Charlie Atkinson, 9. Caolan Englefield; 1. Mayco Vivas, 2. Seb Blake, 3. Ciaran Knight, 4. Freddie Clarke, 5. Danny Eite, 6. Ruan Ackermann, 7. Lewis Ludlow (c), 8. Zach Mercer Replacements: 16. Jack Singleton, 17. Val Rapava-Ruskin, 18. Afo Fasogbon, 19. Arthur Clark, 20. Jack Clement, 21. Charlie Chapman, 22. Max Knight, 23. Jack Reeves Exeter Chiefs: 15. Josh Hodge, 14. Ben Hammersley, 13. Tamati Tua, 12. Will Rigg, 11. Tommy Wyatt, 10. Will Haydon-Wood, 9. Stu Townsend; 1. Scott Sio, 2. Dan Frost, 3. Marcus Street, 4. Rusi Tuima, 5. Richard Capstick, 6. Ethan Roots, 7. Jacques Vermeulen (c), 8. Greg Fisilau Replacements: 16. Jack Innard, 17. Will Goodrick-Clarke, 18. Jimmy Roots, 19. Lewis Pearson, 20. Martin Moloney, 21. Will Becconsall, 22. Harvey Skinner, 23. Zack Wimbush Referee: Joe JamesJim Harbaugh still hasn’t beaten his older brother. The third HarBowl between John Harbaugh and his brother Jim went to John, again. The Baltimore Ravens fell behind 10 points early but then overwhelmed the Los Angeles Chargers the rest of the way. The Ravens went on to a with Lamar Jackson throwing for two touchdowns and rushing for another. The Harbaughs coached against each other twice when Jim was the coach of the San Francisco 49ers, and John won both meetings, including Super Bowl XLVII. Monday’s result wasn’t due to John outcoaching Jim, though John had some strong decisions, including going for it on a key fourth down from his own 16-yard line. The mismatch was due more to John Harbaugh having a much better roster to work with. The Ravens have some flaws, especially on defense, but they’re still significantly ahead of the Chargers Give Jim Harbaugh some time. He’s doing just fine in his first season back in the NFL. The Chargers are 7-4, even after the loss, and likely to get a wild-card playoff spot. And maybe sometime soon he can have another rematch against his brother, and perhaps get a win against him. One of the bolder coaching decisions of the NFL season paid off big for the Ravens late in the first half. On their own 16-yard line, the Ravens acted like they were going to go for it just before the two-minute warning, trying to draw the Chargers offsides. That didn’t work, so it appeared they’d punt after the two-minute warning. But the offense came on the field, tight end Mark Andrews took a snap and sneaked it ahead for the first down. That gave the Ravens' offense some life, and the drive ended with Rashod Bateman’s 40-yard touchdown catch. That gave the Ravens a 14-10 halftime lead after they fell behind 10-0 early in the game. LAMAR GOES 40 YARDS DEEP TO BATEMAN. Ravens take the lead before half! 📺: on ESPN/ABC 📱: Stream on — NFL (@NFL) The Chargers executed a very nice 24-second drive to end the half, picking up 36 yards to set up a 52-yard field goal as the second quarter expired. The Chargers trailed 14-13 going into halftime. The defenses kept each offense out of the end zone in the third quarter. The Ravens lead was 17-16 going into the fourth quarter. It was a well-coached game between two good teams. As expected. The Ravens extended their lead early in the fourth quarter on a nice jumping touchdown catch in the end zone by tight end Mark Andrews. The Chargers might have answered, but there was an egregious drop by 2023 first-round pick Quentin Johnston on a third-and-6. Johnston could have turned it up for a huge gain, but it went right through his hands and the Chargers punted. It wasn’t a long Lamar Jackson or Derrick Henry run that broke it open after that. It was Justice Hill who took a third-down handoff to the outside and found a seam for a 51-yard score. The Ravens led 30-16 after that big play and it was going to be very hard for the Chargers to come back from that. An LA touchdown in the final minute made the score look closer. Justice Hill takes it TO THE HOUSE 💨 (via ) — Yahoo Sports (@YahooSports) The Ravens have been a machine on offense in most games this season. The win gets the Ravens to 8-4, just behind the 8-3 Steelers for first place in the AFC North. At their best, the Ravens are a Super Bowl contender with MVP candidate Lamar Jackson leading the way. The Ravens are also superbly coached. So are the Chargers. Jim Harbaugh just needs a little more time to get his team to the same position John has his. This one's over. The Chargers failed to recover the onside kick, and the Ravens take over with 43 seconds remaining. They can run out the clock on a decisive 30-23 win. This was a nail-biter through the first half, but the Ravens imposed their will in the second. Aggression by Ravens head coach John Harbaugh and execution by Baltimore’s run game resulted in three successful fourth-down conversions on three tries. The conversions ultimately resulted in two Ravens touchdowns. John Harbaugh improves to 3-0 in games against his brother Jim. The Ravens improve to 8-4, while the Chargers drop to 7-4. Both teams remain on the right side of the AFC playoff picture. The Chargers are still in this. A pair of pass interference penalties kept a drive alive that ended with a Gus Edwards touchdown run. The score cut Baltimore's lead to 30-23 with 46 seconds left. This one will come down to an onside kick. The Chargers came up with a stop and forced the Ravens to punt with 3:08 left in regulation. But they need a miracle, trailing 30-16 with one timeout remaining. Officials initially flagged this play for pass interference on the Chargers' failed third-and-18 attempt. But they picked up the flag after consultation. Was it the right no-call? PI or no PI? — BetMGM 🦁 (@BetMGM) The Ravens continue to dominate the second half. A third-and-18 deep ball by Justin Herbert hits the turf, and the Chargers are forced to punt after gaining seven yards on three plays. A second-down sack short-circuited the drive. Baltimore's in control with the ball and a 30-16 lead with 6:31 remaining. Derrick Henry helped set up the Hill touchdown with some classic Derrick Henry stiff-arms. derrick henry — ◇ (@HOODH3RO) The second half continues to be all Ravens. Baltimore opened the game up on a 51-yard touchdown run by Justice Hill. The Ravens ran motion that confused the Chargers defense, and Hill rumbled down the left sideline for the score. The career-long run by Hill extends Baltimore's lead to 30-16 with 7:24 remaining. Chargers receiver Quentin Johnston had a third-and-6 catch in his hands and open field in front of him for a potential big gain. But he couldn't hold on. Johnston dropped the pass from Justin Herbert, and the Chargers were forced to punt thanks to the critical miscue at a key juncture of the game. Baltimore takes over possession with a 23-16 lead and 10:45 remaining. Quentin Johnston with a BRUTAL drop — Mr Matthew CFB (@MrMatthew_CFB) Chargers running back J.K. Dobbins has now been ruled out with a knee injury. It's Gus Edwards as the bellcow the rest of the way for Los Angeles. injury update: J.K. Dobbins (knee) has been downgraded to out. — Los Angeles Chargers (@chargers) The Ravens have now converted three fourth-down conversions into two touchdowns. Baltimore went for it twice on fourth-and-1 and converted each time on their latest drive and capped it off with a touchdown pass from Lamar Jackson to Mark Andrews in the back of the end zone. A two-point conversion fails, and the Ravens extend their lead to 23-16 with 12:32 remaining in regulation. John Harbaugh's playing aggressive against his brother, and it's paying off. TOUCHDOWN MARK ANDREWS!!!! TUNE IN ON ESPN!! — Baltimore Ravens (@Ravens) Baltimore started the fourth quarter by going for it yet again on fourth-and-1 after converting twice in two previous tries, including earlier in the same drive. So why not go for it again? Derrick Henry converts again with a 2-yard run to the Chargers' 23-yard line. The Ravens went for it again on fourth-and-1, this time from their own 39. There was no doubt about this one. Derrick Henry rumbled 27 yards to pick up the first down and then some. FOURTH-DOWN CONVERSION!!! PICKS UP 27!! Tune in on ESPN!! — Baltimore Ravens (@Ravens) The Ravens and Chargers have traded field goals to start the second half. The Chargers answered Baltimore's opening field-goal drive with a 10-play, 36-yard drive that ended with a 52-yard field goal by Cameron Dicker, his third field goal of the night and his second from 52 yards. Baltimore leads, 17-16 with 4:08 remaining in the third quarter. Chargers running back J.K. Dobbins has yet to join his teammates on the sideline after halftime, according to ESPN. Dobbins is officially questionable with a knee injury. Gus Edwards would take over the lead role if Dobbins can't return. Justin Tucker's been uncharacteristically shaky this season with six missed field goals and one missed extra point. But he's true from 45 yards to cap Baltimore's first drive of the second half (10 plays, 43 yards) to extend the Ravens' lead to 17-13. Lamar Jackson completed passes on third-and-9 and third-and-10 to keep the field-goal drive alive. The Ravens start the second half with the ball and a 14-13 lead. A well-played half by both teams sends the game into halftime with the Ravens holding a 14-13 lead. Here are the key first-half stats: : 13 of 18 for 129 yards; 3 carries for 17 yards and 1 touchdown; 0 turnovers 5 of 9 for 89 yards and 1 touchdown; 3 carries for 14 yards and 1 touchdown; 0 turnovers 6 carries for 40 yards 9 carries for 66 yards 3 catches for 41 yards 1 catch for 40 yards and 1 touchdown 202 on 5.9 yards per play 176 on 7.7 yards per play 11 10 0 John Harbaugh's gamble did not go unanswered. The Chargers responded to Baltimore's stunning touchdown drive with a four-play 22-yard drive in the final 24 seconds of the first half. Cameron Dicker pays it off with a 52-yard field goal to cut Baltimore's lead to 14-13 at halftime. So far, the HarBowl is living up to its billing. Gutsy, aggressive play and strong execution from both teams. A big gamble pays off in a big way for the Ravens. Instead of punting, Baltimore went for it and got it on fourth-and-1 from its own 16-yard line after the first-half 2-minute warning. Five plays later, Lamar Jackson hit Rashod Bateman in a tight window for a 40-yard touchdown to take a 14-10 lead for Baltimore. John Harbaugh's gamble pays off big time against his little brother. TOUCHDOWN !!!!!!!! BIG PLAY BATE!!!! TUNE IN ON ESPN!! — Baltimore Ravens (@Ravens) The Ravens threw a big roll of the dice and picked up a first down on fourth-and-1 from their own 16 at the 2-minute warning. A direct snap to tight end Mark Andrews results in a 2-yard gain and a first down, and the Ravens don't give the ball back to the Chargers.Israel launches new airstrikes on Lebanon as leaders draw closer to a ceasefire with Hezbollah