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Silicon Beach Report Jan. 3: Proterra Raises $140M, Plans to Increase Hiring at City of Industry Plant

L.A. Business Journal

Proterra raises $140 million and plans to increase hiring at City of Industry plant, SpaceX to resume launches on Jan. 8, and Mattel working on voice assistant for kids.

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Report: Proterra Raises $100M For Electric Bus Efforts

socalTECH

Proterra , the electric bus manufacturer which has its West Coast manufacturing operations in the City of Industry, has reportedly raised $100M in new funding, based on regulatory filings by the company.

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NewEgg Deal Glitches Google Offers

socalTECH

A promotional deal by City of Industry-based NewEgg briefly crippled Google Offers this morning, after Google offered $40 to spend at NewEgg for only $20. The offer--which rapidly sold out this morning--apparently caused lots of issues for prospective buyers, according to widespread Twitter messages.

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NewEgg At Center Of Fake Intel Chip Scandal

socalTECH

City of Industry-based e-commerce retailer NewEgg is at the center of a fake processor scandal which cropped up over the last week, as the firm apparently shipped counterfeit parts claiming to be Intel Core i7 920 microprocessors. Intel said it is investigating the matter. READ MORE>>.

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Newegg Sees Sales Record

socalTECH

Another Southern California-based ecommerce retailer is reporting that it had record breaking sales over the weekend, the traditional kickoff to the holiday buying season. City of Industry-based Newegg, which sells electronics and related items, said that Black Friday was the firm's biggest sales day, ever. READ MORE>>

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