Mercedes applies for tax relief for projects at two U.S. plants
By Ilona Wissenbach BERLIN (Reuters) – German carmaker Mercedes-Benz has applied for tax breaks for potential projects at two of its U.S. plants under the Inflation Reduction Act (IRA), a…
Arizona governor says state in talks with TSMC on advanced packaging
By Sarah Wu TAIPEI (Reuters) – Arizona is in talks with Taiwanese chipmaker TSMC on advanced packaging, Governor Katie Hobbs said on Tuesday, as the U.S. state seeks to attract…
Reactions to EU probe of Chinese electric cars imports
By Reuters reporters LONDON (Reuters) – The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union (EU) automakers against Chinese electric vehicle…
Apple suppliers slide on China anxiety, threat from Huawei
By Brenda Goh and Ben Blanchard SHANGHAI/TAIPEI (Reuters) – China’s widening curbs on iPhone use by government staff intensified a sell-off in global tech stocks on Friday on fears Apple…
ASML to ship first pilot tool in its next product line in 2023
By Toby Sterling AMSTERDAM (Reuters) – ASML will ship the first pilot tool in its next product line this year as planned, the semiconductor equipment maker’s CEO Peter Wennink said,…
Mercedes CEO: Efficiency is the ‘new currency’ in the EV market
By Joseph White and Ilona Wissenbach DETROIT (Reuters) – Mercedes-Benz CEO Ola Kaellenius told Reuters the automaker’s newest electric vehicle architecture, launching with the CLA compact electric sedan late next…
Nvidia bets $25 billion that AI boom is far from over
By Stephen Nellis and Max A. Cherney Nvidia: (Reuters) – Nvidia’s CEO Jensen Huang said he expects the artificial intelligence boom will last well into next year and made what…
Lenovo Q1 revenue misses forecasts, hit by poor PC demand
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit by a prolonged slump in global…
Cambridge University researchers weave smart displays and fabrics of any size
Researchers at the University of Cambridge have led a team to develop a method to weave flexible displays and smart fabrics on inexpensive machines. Last year, the international team of academics produced…
How Poland snagged Intel’s multi-billion dollar investment
By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Poland’s third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel chip factory in…