Tagged: snowflake tech company

Tech
18 March, 2023

Factbox: Chipmakers’ plans for factories in Europe, US and Asia

March 16 (Reuters) – Chipmakers around the globe are pouring billions of greenbacks in funding to arrange new vegetation, inspired via the emerging use of semiconductors in on a regular basis units and beneficiant subsidies from the U.S. and Eu Union geared toward retaining the West forward of China within the race for state-of-the-art era.

The Eu Fee has earmarked 15 billion euros for private and non-private semiconductor tasks via 2030, whilst U.S. President Joe Biden’s management handed the CHIPS Act ultimate yr to make over $52-billion value of subsidies to be had for the American semiconductor business.

The Act

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Tech
12 January, 2023

Lucid beats lawsuit claiming it defrauded SPAC buyers about manufacturing outlook

Jan 11 (Reuters) – Lucid Team Inc (LCID.O) on Wednesday gained the dismissal of a lawsuit accusing the luxurious electrical automobile maker of defrauding buyers within the special-purpose acquisition corporate that helped take it public, by way of considerably overstating its manufacturing outlook.

U.S. District Pass judgement on Yvonne Gonzalez Rogers in Oakland, California stated that regardless of media hypothesis, Churchill Capital Corp IV shareholders who introduced the proposed magnificence motion had no explanation why to grasp in early 2021 that the SPAC would merge with Lucid.

In consequence, she stated Lucid Leader Government Peter Rawlinson’s alleged deceptive statements on

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