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Tesla’s solution to the global chip shortage

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Tesla is set to pay in advance for chips to avoid a shortage.

It’s an unusual step for the car manufacturer, but Tesla wants to secure the supply to overcome the global chip shortage.

According to sources reported by the Financial Times, Tesla is also exploring buying a plant in an effort to secure further supply.

The US electric-car maker is discussing the proposals to secure chip supply., with industry operators in Taiwan, South Korea and the US.

Tesla needs the newest generation mass-production chips. These are made mainly in Taiwan and South Korea.

Financial Times notes their source are people who work at semiconductor industry suppliers, chipmakers and consultancies.

“Given the prohibitive costs that would be involved, they said such an acquisition would be difficult.”

When will the global chip shortage end?

It’s quite baffling, where did it all begin? What impact is it having on us?

All tech objects in your home have these chips. With the tech sector heavily impacted, the automotive and the health industry as well.

Click the video for what you need to know

Tesla’s new data storage facility in China

Elon Musk’s Tesla has revealed a new facility in China that will locally store data from Tesla vehicles. The company says that data generated by all cars it sells in the country would be stored locally.

The company led by billionaire Elon Musk is manufacturing Model 3 sedans and Model Y sport-utility vehicles in China.

Tesla added it would expand its data centre network in China. The company’s shares were last down 0.7%.

Click here for more.

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Money

Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Money

Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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