Tag: ELCO08
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U.S. battery sourcing guidelines to cut some EV tax credits — official
WASHINGTON, March 29 (Reuters) – The long-awaited guidance from the US Treasury Department regarding battery procurement requirements for electric vehicle tax credits expected by Friday will result in fewer vehicles receiving full or partial credits, a US official told Reuters. In December, the Treasury Department decided not to release its proposed battery procurement guidelines until […]
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US and Japan sign trade deal on battery minerals for electric vehicles
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]
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Exclusive: Dutch respond to US China policy with plan to curb semiconductor technology exports
AMSTERDAM/WASHINGTON March 8 (Reuters) – The Dutch government on Wednesday announced it was planning new restrictions on exports of semiconductor technology to protect national security, joining the United States’ efforts to limit chip exports to China. curb. The U.S. imposed sweeping export restrictions on shipments of U.S. chip-making tools to China in October, but for […]
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SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say
NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]
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Biden is going to require chip companies that win subsidies to share excess profits
WASHINGTON, Feb. 28 (Reuters) – The Biden administration said on Tuesday it will require companies raising funds from its $52 billion US semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications for a $39 […]
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Taiwan says the ‘Fab 4’ chip group held the first meeting of senior officials
TAIPEI, Feb. 25 (Reuters) – The US-led “Fab 4” semiconductor alliance of Taiwan, the United States, Japan and South Korea held its first video meeting of senior officials focused on supply chain resilience last week, Taiwan’s ministry said of Foreign Affairs on Saturday. The United States convened the first meeting of the working group, colloquially […]
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US mortgage rates rise to highest level since November – MBA
Feb 22 (Reuters) – The average interest rate on the most popular US home loan rose to its highest level since November last week as bond markets feared the Federal Reserve would have to continue to tighten policy until the summer to contain inflation, data of the mortgage interest deduction. The Bankers Association (MBA) showed […]
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Tesla scales back German battery plans won by US incentives
BERLIN, Feb. 21 (Reuters) – Tesla (TSLA.O) has begun assembling battery systems at its factory in Germany, but will focus on cell production in the United States in light of tax breaks under the Inflation Reduction Act (IRA). ), a spokesperson said on Wednesday. The US electric vehicle maker is also preparing to produce cell […]