Hyundai Motor Group and SK On partner to supply electric vehicle batteries for its dedicated electric vehicle (EV) plant in the United States. The two South Korea-based companies have signed a memorandum of understanding (MoU) to supply EV batteries and explore future business opportunities in the United States EV market, says Hyundai Motor Group. Under […]
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Toyota Motor Corp. has posted 25 percent drop in its quarterly profit and cut its annual output target, as the company tackles rising material costs and semiconductor shortage. The world’s biggest automobile producer by sales warned that it still remain difficult to predict the future after posting its quarterly decrease in profits, highlighting the strength […]
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The United States of America and India will join hands to address supply chain challenges for semiconductors, and it will help India boost its semiconductor manufacturing capacity. Afreen Akhter, US deputy assistant secretary, central and south Asia, is leading a trade mission of the semiconductor industry to India, and has also met several top government […]
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Samsung Electronics Co. announced a five-year plan to lure US chip buyers with more advanced technology, and is aiming to produce transistors that are just 1.4 nanometers wide by 2027. Moonsoo Kang, senior VP of Samsung Electronics, said that the chip contract manufacturing unit is looking to triple its revenue by 2027 from the 2021 […]
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Valens Semiconductor announced a partnership with Intel to develop MIPI A-PHY complaint automotive technologies for foundry customers, along with leveraging the expertise of Valens Semiconductor as a leading contributor to MIPI A-PHY technology. The partnership will provide an additional boost to the growing A-PHY ecosystem by allowing third parties from across the automobile industry to […]
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The government of the United States has ordered AMD and Nvidia to stop selling some of their technology to China, which can be used for artificial intelligence. Both Nvidia and AMD said that they had been told by the US government to stop exports of some high-performance chips to China. Nvidia said it had been […]
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Honda Motor Co. and LG Energy Solution have partnered to build a new lithium-ion battery plant worth 4.4 billion dollars for electric vehicles in the United States. Both companies are looking to increase production in the United States, where a shift towards electric vehicles (EVs) can increase as the country is implementing strict regulation and […]
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LG Energy Solution and General Motors Co. are considering New Carlisle, Indiana, as the location for the fourth Ultium Cells LLC joint venture battery cell manufacturing plant. The Ultium Cells are also developing a competitive business case for a large investment that can be located in the region of New Carlisel, Indiana. Ultium Cells also […]
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South Korea’s LG Energy Solution Ltd (LGES), a supplier of Tesla, said it is seeking battery production sites in Europe and Asia outside China, where the COVID-19 lockdowns and rising input costs have left their quarterly profit below the estimates of the market. LGES, which supplies electric vehicle (EV) batteries to automobile companies including Ford […]
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Redwood Materials Inc., a start-up company based in California, USA has announced that, Toyota has joined the electric vehicle battery recycling and manufacturing initiative of Redwood Materials. The Redwood Components has been developing a closed-loop battery ecosystem along with the goal of decreasing the electric vehicle prices by decreasing the reliance of the company on […]
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