Business News

SK hynix to Investment $6.8 billion for construction of FAB and Semiconductor Cluster

2024-07-272024-07-26 by Vivek Sharma

SK hynix, a supplier of high bandwidth memory (HBM) chips to Nvidia, has announced a $6.8 billion investment to construct a new chip manufacturing plant in Yongin, South Korea. Construction is set to commence in March 2025, with completion targeted for May 2027. This investment is part of SK hynix’s broader plan to invest 103 Read more: SK hynix to Investment $6.8 billion for construction of FAB and Semiconductor Cluster..

Elon Musk will discuss $5 billion xAI investment with Tesla board

2024-07-262024-07-26 by Vivek Sharma

Elon Musk recently announced his intention to discuss a potential $5 billion investment in his AI startup, xAI, with Tesla’s board. This proposal has generated significant interest and discussion due to the potential implications for both Tesla and xAI. Elon Musk announced his intention to discuss the potential $5 billion investment in xAI with Tesla’s Read more: Elon Musk will discuss $5 billion xAI investment with Tesla board..

China’s BYD increased its EV market lead over Tesla in Singapore

2024-07-262024-07-25 by Vivek Sharma

China’s BYD has significantly increased its lead over Tesla in the electric vehicle (EV) market in Singapore during the first half of 2022, government data showed. BYD’s EV sales in Singapore surged by 83% in the first half of 2024 compared to the entire year of 2023, reaching 2,587 units. In contrast, Tesla only sold Read more: China’s BYD increased its EV market lead over Tesla in Singapore..