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...“Fabricating chips in America but then shipping them overseas to be packaged creates supply chain and national security risks that we just can’t accept,” the administration said, in a reference to US reliance...
...South Korean battery makers LG Energy Solution, SK On and Samsung SDI, which have all received billions of dollars under the IRA, are projected to account for 44 per cent of North America’s total battery...
...Three Korean battery suppliers — LG Energy Solution, SK On, and Samsung SDI — are among the global top 10 in making batteries for the growing EV market....
...South Korea’s three leading battery producers — LG Energy Solution, Samsung SDI and SK On — have all declared their intention to develop such cells by the late 2020s....
...“Samsung SDI, the state of Indiana, and the city of Kokomo have created a compelling case for locating our sixth gigafactory in Kokomo,” says Mark Stewart, head of Stellantis operations in North America....
...As non-Chinese companies that stand to benefit from the IRA’s restrictions on Chinese sourcing, Korean battery makers LG Energy Solution, SK On and Samsung SDI have all set up North American joint ventures...
...Currently, only SK Hynix, compatriot Samsung Electronics and America’s Micron are capable of providing HBM chips....
...General Motors and Samsung SDI plan to invest a combined $3bn to build a new plant in the US, the first time the carmaker has selected the South Korean company to manufacture batteries for its electric vehicles...
...And it is not only electronic giants like Samsung and Siemens — smaller exhibitors are also joining the AI craze....
...Posco, whose chemicals subsidiary has a $33bn supply agreement with Korea’s other battery major, Samsung SDI, signed a preliminary agreement in February with Chinese mining firm Ningbo Liqin to produce nickel...
...But Korean producers of the anodes and cathodes in EV batteries produced by LG Energy Solution, Samsung SDI and others still rely on Chinese partners to source and refine certain critical minerals....
...Suggested reads Samsung unveils AI-powered Galaxy S24, starting new era in smartphone race (Nikkei Asia) US companies and Chinese experts engaged in secret diplomacy on AI safety (FT) Apple tops Samsung...
...Stellantis, the parent of Chrysler, picked Indiana for a new battery plant in a joint venture with Samsung SDI. And General Motors plans to make electric pick-ups at a Michigan plant after retooling....
...Still, Bank of America analysts last week upgraded their rating on Apple stock....
...A version of this article was first published on November 3 by Nikkei Asia. ©2023 Nikkei Inc....
...Bank of America has estimated that China accounts for up to 50mn in annual iPhone sales and that such a ban could cost Apple 5-10mn units a year....
...The “prime age” employment rate is now below pre-pandemic levels: In a note published yesterday, Skanda Amarnath at Employ America points out that In the 1990, 2008, and 2001 recessions, prime-age employment...
...Of 22 EV models that the US said this month would qualify for the credits, 17 will receive supplies from LG Energy Solution, SK On or Samsung SDI....
...Chipmakers Samsung Electronics and SK Hynix, along with battery makers LG Energy Solution, SK On and Samsung SDI, are set to receive billions of dollars in US subsidies as the Biden administration seeks...
...Top global chipmakers TSMC, Samsung and Intel are also targeting 2025 for the start of their own 2-nm production....
...Monthly revenue per viewer in the country is only 70 cents on average, far below the $7.50 average in North America....
...A fourth plant, which Indiana’s governor announced on Tuesday would be located in that state, will be built with Samsung SDI. None of Ford’s announced battery plants in the US are operating yet....
...The most immediate challenge comes from South Korea’s LG Energy Solution, SK On and Samsung SDI, which all specialise in lithium-ion batteries using NMC cathodes composed of lithium, nickel, manganese and...
...South Korean chipmakers have expressed alarm at tough conditions revealed this week for companies taking advantage of a $39bn US federal fund designed to encourage advanced chip manufacturing in America....
...Samsung SDI is reported to be accelerating a similar partnership with Stellantis, the group behind Peugeot, Fiat Chrysler and Jeep....
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