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Taiwan Chipmaker UMC Sees Further Growth For Sector Into 2023
Taiwanese chipmaker United Microelectronics Corp (UMC) said it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool demand for consumer electronics.
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Analysis: Why Spotify's 'Car Thing' Was Destined For The Hardware Graveyard
Spotify Technology SA's Car Thing player is now a thing of the past.
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U.S. Senate Votes To Advance Sweeping Semiconductor Industry Bill
The U.S. Senate voted 64-32 to advance legislation to dramatically boost U.S. semiconductor manufacturing in a bid to make the domestic industry more competitive with China.
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Russian Gas Cut To Europe Hits Economic Hopes, Ukraine Reports Attacks On Coastal Regions
Russia said it will cut gas supplies to Europe in a blow to countries that have backed Ukraine.
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U.S. Senate Passes Bill To Boost Chip Manufacturing, Compete With China
The "Chips and Science" act provides about $52 billion in government subsidies for U.S. semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.
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Wary Shoppers Muddy Outlook For Tech, Auto Firms In Asia
Tech and auto firms with factories in China have faced business disruptions in the world's second-largest economy due to COVID-19 lockdowns even as the war in Ukraine has pushed up energy and logistics costs.
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Panasonic's Q1 Profit Hit By China Lockdowns, Rising Material Costs
Panasonic does not currently plan to increase the price of the auto batteries it builds for Tesla, even though it is paying more for the cobalt and other materials it uses to make them.
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Canada Welcomes U.S. Bill To Expand North American EV Tax Credits
The bill includes an expansion of tax credits for electric vehicles produced in North America that does not discriminate against those manufactured in Canada.
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Carmaker BYD To Recall More Tang DM Hybrids In China Over Battery Faults - Regulator
BYD, the world's biggest electric vehicle maker by sales, will recall 52,928 of the best-selling plug-in hybrid model produced between April 5, 2021 and April 18, 2022
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India’s Oil Consumption Increased By 17.9% Year-On-Year
The data from the government indicates that oil consumption has gone back to pre-pandemic levels
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Maruti Suzuki Hopes Government Will Support Green Tech Beyond EVs
Maruti Suzuki has been late to the EV party and has allowed Tata Motors to take the lead in the EV space.
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Iveco Announced It Has A Deal With Indian Startup Blue Energy Motors
Iveco revealed that will be providing engines for Blue Energy Motors which has LNG trucks in India.
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Twitter Sues Elon Musk For Violating Agreement To Acquire It
Twitter announced that it would be suing the world’s richest man for his refusal to acquire it after signing the contract
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Twitter Says It Has not Breached Its Contract With Elon Musk
Twitter continues to reiterate that it hasn’t broken the contract with Elon Musk over the proposed acquisition of the social network.
Read More →Twitter Blames Musk Reversal For Poor Quarter
Twitter reported a weak quarter where it blamed Elon Musk’s U-turn to acquire it and poor ad revenues.
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Tesla Growing Rapidly In Australia
The world’s most valuable car maker is gaining ground in Australia.
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Elon Musk’s Feud With Twitter Could Attract SEC
Elon Musk’s reversal on his proposed Twitter acquisition could get the Tesla CEO in more trouble with regulators
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U.S. Postal Service To Boost Electric Delivery Vehicle Purchases
The company plans to buy up to 20,000 left-hand drive Commercial Off-the-Shelf vehicles, "including as many BEVs as are commercially available and consistent with our delivery profile" and up to 14,500 gas-powered right-hand drive vehicles.
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Russia’s Share Of India’s Oil Imports Surges
India is importing more oil from Russia than ever before.
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Chile's First Electric Bus Factory Aims To Ease Fossil Fuel Dependency
Reborn Electric Motor, located about 84 kilometers (52 miles) south of Chile's capital Santiago, aims to produce 200 electric busses a year, enough to keep some 65,000 tonnes of carbon out of the atmosphere.
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