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Tesla wants India to chip in with integral parts supply
Economic Times
·
4m ago
Medial
Tesla is exploring semiconductor procurement options in India, engaging with firms like Micron and CG Semi, amid its strategic shift to diversify its global supply chain. This move follows Tesla's agreement with Tata Electronics for semiconductor chips. The electric vehicle company is considering India's potential as a semiconductor hub, driven by geopolitical factors and increasing import tariffs in China. India's evolving semiconductor sector, despite scalability challenges, presents opportunities for Tesla's sourcing strategy realignment.
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Tata Electronics to manufacture electronics parts for India-made Teslas
Livemint
·
1y ago
Medial
Tata Electronics Pvt. Ltd has been chosen by Tesla to manufacture electronics parts for its cars assembled in India. Tesla has decided to bypass its international partners Foxconn and Jabil Inc. for this project. The deal allows Tesla to achieve local value-addition in India and take advantage of the government policy to lower import duty for electric vehicle makers. Tata Electronics is also setting up India's first chip fabrication plant, which will manufacture semi-conductors for various industries. The partnership could serve as a model for other foreign companies looking to enter the Indian market.
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Sam Altman wants to solve the great AI chip shortage himself
Business Insider
·
1y ago
Medial
OpenAI CEO Sam Altman is reportedly pitching heavyweight investors to back a new AI chip venture. The plan involves designing chips and setting up a network of fabrication plants to manufacture them. Altman aims to gain more control over OpenAI's chip supply and become vertically integrated, unlike tech companies that rely on third-party suppliers. The plan is costly and challenging but has already garnered interest for its potential to meet the growing demand for AI chips. Currently, shortages of AI chips have caused significant issues for companies, with demand outstripping supply.
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Elon Musk says Tesla, Samsung Electronics sign chip supply deal - The Economic Times
Economic Times
·
1m ago
Medial
Tesla has signed a significant chip supply deal with Samsung Electronics, reportedly worth $16.5 billion, running through 2033. This partnership aims to support Samsung's struggling chip-making business while enhancing South Korea-U.S. tech relations amid trade discussions. The deal, which highlights a boost for Samsung amid competition from TSMC, is expected to help reduce losses in Samsung’s foundry business, crucial for its market position in advanced chip manufacturing.
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Tesla's Elon Musk says fallout from Sweden strike 'insane'
Economic Times
·
1y ago
Medial
Elon Musk, CEO of Tesla, commented on the fallout from a strike in Sweden, calling it "insane." The strike has caused a major disruption in the supply chain, slowing down production and impacting the delivery of cars to customers. This comes at a time when Tesla is already facing supply chain challenges due to the global chip shortage. Musk expressed frustration with the situation and emphasized the need for more advanced manufacturing capabilities to avoid such disruptions in the future.
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The Chinese electric vehicle founder who wants in on Trump's America
Economic Times
·
5m ago
Medial
Windrose Technology, founded by Wen Han, aims to break into the global electric truck market using China's advanced EV supply chain. With diverse investors and a base in Belgium, Windrose seeks to raise $400 million in a U.S. IPO. Despite geopolitical tensions and regulatory hurdles, Han remains optimistic about challenging traditional diesel reliance. His global strategy leverages China's strengths while navigating international perceptions and competition with giants like Tesla.
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National plan for key materials needed to secure EV future: Auto parts makers
Economic Times
·
1m ago
Medial
Auto parts manufacturers in India are advocating for a national strategy to secure materials critical for the future of automobile manufacturing, including electric vehicles. This need arises as China's export restrictions on rare earths disrupt global supply chains. India, possessing adequate raw materials, could achieve self-sufficiency with processing centers. The auto parts industry saw a 10% revenue growth in FY25, driven by domestic demand and exports, showcasing India's manufacturing competitiveness.
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India set to inject another booster to realize its chip ambition
Livemint
·
13d ago
Medial
India plans to extend chip supply chain incentives as its initial $10 billion commitment is fully allocated. As part of the India Semiconductor Mission, the government aims to include indigenous design, equipment suppliers, material suppliers, and other components of the semiconductor supply chain. This strategy is unveiled by S. Krishnan, secretary of the ministry of electronics and information technology, ahead of the fourth Semicon India event, seeking global partnerships in the chip supply chain sector.
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ASML: The Unstoppable Titan Powering the AI Era
YourStory
·
2m ago
Medial
ASML, a Dutch company, dominates the global chip manufacturing industry with its exclusive Extreme Ultraviolet (EUV) lithography technology, crucial for creating advanced AI chips. Its EUV machines, priced around $200 million each, are essential for manufacturing chips with features as small as 1 nm. Holding a monopoly in this technology, ASML's EUV systems are integral to companies like TSMC, Samsung, and Nvidia. The geopolitical importance of ASML's tech is significant, influencing global chip dynamics.
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'Exposed to disproportionate impacts...': Trump’s tariffs hit Tesla, Musk-led company warns of potential job losses
Business Today
·
5m ago
Medial
Tesla is facing potential retaliatory tariffs due to Trump's trade policies, which might affect U.S. automakers. As Trump considers imposing tariffs on global vehicle parts, Tesla and other exporters are worried about reciprocal actions. Canada is already reacting by adjusting policies against Tesla, like excluding it from BC Hydro's rebates. Tesla, reliant on parts from Mexico and Canada, calls for a phased policy approach, while Canadian tariffs are being considered.
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You might soon see Tesla cars on Indian roads
Economic Times
·
1y ago
Medial
India is reportedly nearing an agreement with Tesla that would enable the electric car manufacturer to import its vehicles to India from next year and establish a factory within two years. A potential announcement could be made at the Vibrant Gujarat Global Summit in January. Tesla would consider an initial minimum investment of about $2 billion for the plant and aims to increase auto parts purchases from India to around $15 billion. No final decision has been made, and plans could change.
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