Germany plans a massive push to expand its network of electric vehicle (EV) charging stations, Chancellor Olaf Scholz announced at Munich’s IAA mobility show on Tuesday.
While Western carmakers look warily upon the European expansion plans of Chinese electric vehicle makers, major German auto suppliers are eager to expand on existing partnerships in China and provide those rising manufacturers with European-made parts.
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, despite some supplier hold-ups.
Intel will offer foundry services to Tower Semiconductor in a new deal that will see the Israeli contract chipmaker invest $300 million in Intel’s New Mexico factory, the companies said on Tuesday.
Chinese technology giant Huawei has filed a lawsuit with a Lisbon court against a resolution by Portugal’s cybersecurity council CSSC that effectively bars operators from using its equipment in high-speed 5G mobile networks, the company said.
Nubank, one of Latin America’s biggest fintech companies, announced on Tuesday the launch of personal loans for the Mexican market, aiming to boost its financial services portfolio in the region’s second-largest economy.
TikTok has hired British cybersecurity firm NCC to audit its data controls and protections, and provide independent verification, as part of the social media company’s data security regime, nicknamed “Project Clover”.
China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals.
