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...It is building its first electric car factory outside Asia in Brazil as part of a R$3bn ($620mn) investment....
...Currently, only SK Hynix, compatriot Samsung Electronics and America’s Micron are capable of providing HBM chips....
...The moves come after a judge in Delaware, Kathaleen McCormick, voided a planned $56bn pay award from Tesla, the electric-car company he runs, late last month....
...America has just launched a $3bn programme to stimulate its chip-packaging industry, vital for manufacturing cutting-edge chips....
...America is jostling with China for global technology supremacy and has enlisted support from allies in Europe and Asia as it restricts sales of the most advanced chips and manufacturing equipment to its...
...Lawyer fee awards have become a hot topic in courts in Delaware, where more than 300 S&P 500 companies are incorporated....
...The Cobalt chip is based on architecture from SoftBank-owned Arm and will be incorporated into Microsoft’s Azure cloud services starting in 2024....
...Electric-car maker Tesla said it had invested $1bn in AI in the first quarter and would accelerate spending on chips and automated driving....
...New Delhi is pushing state-owned mining groups to pursue mineral reserves in South America and Africa as well as inviting bids to develop domestic production....
...The case is “at the far end of the scale of complexity and difficulty”, John Scott, a barrister for a key Evergrande creditor group represented by Kirkland & Ellis, said in court....
...Biden has shielded US steel producers from import competition — though with nothing like the sweeping tariffs imposed by Donald Trump — and tried to build a US semiconductor industry through the Chips Act...
...Kirkland & Ellis has hired capital markets lawyer Marwa Elborai as a partner in London. She joins from Allen & Overy....
...The chip manufacturer became a touchstone in the global battle for chips, some of the most ubiquitous components in modern technology....
...Management at BYD, which already exports cars to more than 70 countries, has told investors that they believe they can increase overseas sales from nearly 250,000 cars in 2023 to between 2mn-3mn cars in...
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...Suggested reads TSMC forecasts return to strong growth as global chip market recovers (FT) Tesla cars face more entry bans in China as ‘security concerns’ accelerate (Nikkei Asia) AT&S to start chip substrate...
...Sales in North America — its largest market — as well as China and Europe were all higher than the previous three months, though the UK sales fell slightly....
...Fogelberg joins from Kirkland & Ellis, where she was a partner and worked with C Street founder Jon Henes, a former Kirkland & Ellis partner....
...UK-based chip designer Arm unveiled its first chips for self-driving cars as it seeks growth beyond the mobile processors for which it is known....
...Some chip companies are also trying to recycle the fresh water they use in manufacturing....
...The town of Waitsfield in Vermont lies five hours north of New York by car. Mad River runs through it; there is a library, a covered bridge and a beauty parlour. The church spire is painted white....
...Can we recreate the social and cultural cohesion of an isolated island in politically, racially and culturally divided America?...
...The Belvidere plant became a bargaining chip in the union’s negotiations with Stellantis....
...Suggested reads Vietnam’s VinFast to spend up to $2bn on India car, battery plant (Nikkei Asia) Chinese companies resort to repurposing Nvidia gaming chips for AI (FT) Baidu’s bet on AI could make or...
...On the infrastructure side, AI will require powerful chips and enormous storage. Nvidia leads in the manufacture of advanced semiconductors; Microsoft and Amazon provide cloud-hosting....
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