Japan to invest in domestic silicone chip factories

Published

3 years ago

November 8, 2021

Japan will create a scheme to subsidise the construction of domestic chip factories

Under the scheme, Japanese companies will be eligible for the subsidies on the condition that they ramp up chip production in times of short supply.

The nation’s Prime Minister Fumio Kishida has pledged economic security, including the domestic output of semiconductors.

The government is likely to invest in a new chip plant to produce semiconductors for automobiles, camera image sensors and other products.

The production at the silicone chip factories are likely to start operations by 2024.

It comes as a global chip shortage hits a variety of sectors, plagued by the pandemic and supply chain bottle-necks.

Tesla’s robotaxi reveal sparks excitement

Published

5 days ago

October 11, 2024

Ahron Young

Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.

Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.

The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.

Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.

Not convincing

But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.

Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.

Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.

If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

1 week ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending