Around the web
24 Mar 2023
23 Mar 2023
"American companies don't have a good track record with data privacy," Chew reminded the committee while repeatedly telling Congress members that the questions that they had about TikTok reflected industry-wide problems that go well beyond one app.
Ford Motor on Tuesday unveiled its first all-new electric vehicle exclusively for the European market and said it plans to leverage the well-known Explorer nameplate to gain traction. The EV crossover is part of Ford's plans to transition its European lineup to be entirely electric by 2030. Other than the Explorer name and some design attributes, the new vehicle shares little to nothing with the gas-powered SUV in the U.S., or a plug-in hybrid version that's currently available in Europe.
"The challenge for Ford and for everybody else is trying to figure out how to provide these kinds of mobility services and actually build a viable, self-sustaining business out of it while keeping the cost of the service affordable for people using the services," said Sam Abuelsamid, principal research analyst at Guidehouse Insights. "They're still struggling. Everybody is still struggling with that part of it." Ford has scaled back its ambitions and is focusing on technology that can make money in the near term.
Ford Motor is about to tell investors what they've long wondered: How much is the transition to electric vehicles costing? The automaker on Thursday plans to begin reporting its financial results by business unit, instead of by region, ushering in the new reporting structure with a "teach-in" for analysts and media - on the theme of "Ford Refounded" - and releasing revised versions of its financial results that will reveal how the new business units would have performed in 2021 and 2022.
Manufacturers and operators of electric vehicle chargers in the United States are bracing for a slowdown in production and deployment as they scramble to comply with "Made in America" terms of a $7.5 billion federal program meant to accelerate the industry. Long-awaited rules laid out by the White House last month are part of President Joe Biden's effort to build an electric-friendly highway system by 2030, tackling climate change and creating local jobs.
22 Mar 2023
BYD has reduced shifts at two auto assembly plants in China, people with knowledge of the matter told Reuters, in a sign of how weaker demand in the world's largest auto market is affecting its best-selling electric vehicle brand. BYD, which outsells Tesla in China, asked some of the workers at its Xian plant, its biggest manufacturing hub, to work only four days a week in a factory running two eight-hour shifts per day, according to three people and an internal memo sent earlier this month and reviewed by Reuters.
20 Mar 2023
Nvidia has modified its flagship product into a version that is legal to export to China.
17 Mar 2023
Huawei Technologies has replaced more than 13,000 parts in its products that were hit by US trade sanctions, the Chinese tech giant's founder said, according to a speech transcript posted on Friday by a Chinese university.
Baidu Inc. surged more than 14% Friday after brokerages including Citigroup tested the company's just-unveiled ChatGPT-like service and granted it their preliminary approval.
Chinese tech companies have joined the global rush to develop rival software, with Alibaba and JD.com announcing similar projects. But Baidu's Ernie Bot, unveiled at a press event in Beijing on Thursday, fell short of expectations, with the company's co-founder and chief executive, Robin Li, showing only a prerecorded demonstration of the software's capabilities, rather than a live interaction.
13 Mar 2023
On Thursday, Baidu CEO Robin Li gave a one-hour presentation on Ernie that only offered a small glimpse into the chatbot. The jury is still out on what Ernie can do and how it actually works. For now, Ernie is only available for testing through invitation and others need to get on a waitlist. TechCrunch hasn't tried it yet, so it's unfair to draw any conclusions about Ernie's capability.
Hitachi will provide local governments with a system to quickly dispatch electric vehicles to supply energy to areas in the event power is cut off following a disaster, Nikkei has learned. Auto dealers and transportation companies will need to register the number of cars and their recharging status with Hitachi's system in advance. Following a disaster, the most suitable EVs will be dispatched using information from traffic patterns and dealers near evacuation centers.
Meta, the parent firm of Facebook and Instagram, is working on a standalone, text-based social network app.
12 Mar 2023
US regulators said Silicon Valley Bank depositors would be fully repaid as they acted to shore up the banking system after the lender's implosion, unveiling emergency funding measures and closing down a second financial institution.
The Financial Times
Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India, a yellow iPhone arrives, and Amazon's Ring and Sonos introduce key new products.
9 Mar 2023
Exclusive: Chip equipment maker ASML's suppliers eye Asia plants outside China amid tensions (Mar 11)
Suppliers to Dutch chip-making machines giant ASML Holding are considering building plants in Southeast Asia instead of China amid political tensions between Beijing and the West, according to two sources and documents seen by Reuters.
Nvidia, Advanced Micro Devices (AMD) and other tech firms are scrambling to assess whether they must halt sales to units of China's Inspur Group after its addition to a US export blacklist last week.
Chinese artificial intelligence groups are skirting export controls to access high-end US chips through intermediaries, revealing potential loopholes in Washington's blockade of cutting-edge technology to the country.
The Financial Times
Artificial intelligence was supposed to be Google's thing.
Scott White, of Pragmatic Semiconductor, said without a huge funding boost UK firms will go abroad.
Lin Jun-cheng, a veteran engineer who worked for TSMC for nearly 19 years, has been hired by Samsung as a vice president.
Lordstown Motors Corp (RIDE.O) on Monday posted a bigger quarterly loss, as the electric-vehicle (EV) maker struggled with production costs and missed the delivery target for its Endurance pickup truck, dragging its shares by about 5%.
Japan's capital will more than double certain subsidies for residential electrical-vehicle chargers next year as part of an effort to increase the number available at apartment buildings 150-fold in less than a decade, albeit from a low base. New apartment towers will also be required to have EV chargers starting in fiscal 2025 -- the first such mandate anywhere in Japan.
8 Mar 2023
Chinese automotive chipmaker SiEngine Technology this week said it completed a 500 million yuan ($72.5 million) Series A+ funding round in the fourth quarter of last year. The round, whose participants included Teda Venture Capital, Haier Capital, SPDB International Holdings, Wuhan S&T Investment Company and Tongxi Capital, will help boost chip output among other uses. Existing shareholders Grandsyn Capital, Yuexiu Fund and Vision Knight Capital also took part in the funding.
7 Mar 2023
A joint venture between the U.S. unit of Spanish engineering group ACS and Philadelphia-based Yates Construction has won a contract to build an electric vehicle (EV) battery plant in Kansas as part of a $4 billion investment by Japan's Panasonic group, the companies said on Wednesday.
2 Mar 2023
Tesla could begin producing its first cars in Mexico in 2024, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the US-Mexico border, the state's governor said on Monday.
In late 2020, Alibaba founder Jack Ma also disappeared from public view for three months, after making comments critical of market regulators. Mr Bao's disappearance also comes after a series of cases of high-profile Chinese executives going missing as part of Chinese President Xi Jinping's anti-corruption campaign.
The National Integrated Circuit Industry Investment Fund will commit CNY12.9 billion towards Yangtze Memory Technologies, according to a government website that discloses company registration information. The capital infusion from the Big Fund, as Beijing's signature investment vehicle is commonly known, was slated for completion on Januar 31, according to Tianyancha.
Rare earth elements are a bone of contention in EV supply chains, as it can be hard to secure supplies of them, and a large majority of worldwide production is either sourced or processed in China.
Tesla's leadership said Wednesday at an investor event held at the company's factory near the Texan capital that while silicon carbide transistors are key components, "we've figured out a way to use 75% less without compromising the performance or the efficiency of the car."
1 Mar 2023
VinFast, an electric carmaker backed by Vietnam's richest man, delivered its first 45 VF 8 City Edition electric SUVs to US customers at nine California showrooms March 1, according to an emailed statement from parent Vingroup JSC. The vehicles will continue be delivered to customers at VinFast's stores or through a home-delivery service, it said.
HP maintained its annual guidance for cash flow even as it grapples with slumping PC demand, a sign it expects a rebound later in the year.
Tesla will build a new plant in Monterrey, Mexico, and adhere to a series of commitments to address water scarcity, the nation's president Andrés Manuel López Obrador announced at a press conference Tuesday. AMLO said Tesla agreed to use recycled water at the plant throughout the entire vehicle manufacturing process, even down to the cars' paint. He said the company will reveal more information about the new plant during its Investor Day event Wednesday.
The Commerce Department on Tuesday kicked off the application process for semiconductor manufacturing subsidies under the $53 billion Chips Act, along with conditions aimed at advancing some of the Biden administration's priorities.
Wall Street Journal
24 Feb 2023
China has accused the US of overreacting after federal employees were ordered to remove the video app TikTok from government-issued phones.
Intel CEO Pat Gelsinger sees the first signs of a turnaround in the company's business during his nearly two years at the helm of the top US chipmaker, he said yesterday. Analysts contacted by EE Times were less optimistic.
TSMC plans to construct a second chip plant in Japan to manufacture 5- and 10-nanometre chips from the second half of the decade, the Nikkan Kogyo newspaper reported on Friday.
23 Feb 2023
Since the beginning of this year, Samsung Electronics and SK Hynix have been receiving a surge in orders for high bandwidth memories (HBM).
Apple has a moonshot-style project underway that dates back to the Steve Jobs era: noninvasive and continuous blood glucose monitoring.
Employee doubts are rising about TSMC's US$40 billion investment in an Arizona factory.
New York Times
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