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Tesla Reports Strong Profits in the Third Quarter
Although the electric carmaker is expanding quickly, investors are concerned that sales may slow due to higher interest rates and prices. Tesla reported Wednesday a huge jump in its quarterly profit, as electric car sales soared over the three months ending in September. The electric car maker reported that it earned $3.3 billion in its third quarter. This is more than $1.6 billion in a similar period last year and…
European Prices on Natural Gas are dropping
Full storage, lower demand, and mild weather have all helped to ease concerns about a rise in heating and power costs. However, socioeconomic power dynamics are constantly shifting and as…
Taiwan Is Caught in the middle of a war over Microchips
Concerned over fears about Chinese threats to Taiwan The U.S. and others have attempted to increase their share of Taiwan’s semiconductor manufacturing. As Chinese warships practiced the blockade in Taiwan in March,…
Congress Is Giving Billions to the Chip Industry. The strings Are Attached.
The industrial policy debate is back in Washington and a massive semiconductor and science bill grants the government new authority over a strategically important industry. WASHINGTON Amid an escalating shortage…
Biden Administration Releases Plan for $50 Billion Investment in Chips
The Commerce Department issued guidelines for companies that are seeking federal funds aimed at strengthening the industry of semiconductors in the US. WASHINGTON – The Department of Commerce on Tuesday…
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