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Infineon Quarterly Revenue Beats, Lifts 2022 Outlook On Chip Demand
Infineon, the leading supplier of microchips to the auto industry, on Wednesday reported a rise in third-quarter revenue and lifted its full-year outlook as it continues to benefit from a global shortage of semiconductors.
As US Eyes New China Chip Curbs, Turmoil Looms For Global Market
Dec 1, 2022 04:06 AM
Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.
Tesla Cuts Delivery Waiting Time For Model Y In China To A Minimum Of 4 Weeks
Dec 1, 2022 04:06 AM
Electric auto giant Tesla said it has slashed the delivery waiting time for its Model 3 and Model Y cars in China as it ramps up output at its Shanghai plant after upgrading production lines.
U.S. Extends Public Input On GM, Ford Self-Driving Petitions
Dec 1, 2022 04:06 AM
U.S. auto safety regulators will extend a deadline for public input on General Motors and Ford Motor petitions seeking to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
Indonesia President Wants Tesla To Make Electric Cars In Country - Sources
Dec 1, 2022 04:06 AM
Indonesian President Joko Widodo has urged electric vehicle (EV) maker Tesla to manufacture its cars, as well as batteries, in the country, in comments made to Bloomberg News.
China Extends NEV Purchase Tax Exemption Worth 100 Billion Yuan
Dec 1, 2022 04:04 AM
China will extend its exemption of new energy vehicles' from purchase taxes to the end of 2023
Aeva Strikes Deal To Sell Industrial Sensors To Germany Automation Firm
Dec 1, 2022 04:04 AM
Aeva Technologies Inc said it has reached a deal with a German firm to sell its sensors for industrial uses such as automating manufacturing lines with machines and self-driving mining trucks.
Italy, Intel Close To $5 Billion Deal For Chip Factory - Sources
Dec 1, 2022 04:00 AM
Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.
Lyft Posts Record Quarter, Sees Operating Profit Of $1 Billion In 2024
Dec 1, 2022 03:58 AM
Ride-hailing firm Lyft Inc forecast an adjusted operating profit of $1 billion for 2024 after reporting record earnings for the second quarter, betting on strength in the rideshare market as it rebounds from pandemic lows.
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