joe biden

US President Joe Biden signed an order to implement the 2022 CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The US government's implementation plan worth $52.7 billion (nearly...

Hyundai Motor will invest $300 million (roughly Rs. 2283 crore) in its US Alabama plant to produce Santa Fe hybrid and Genesis Electrified GV70 models.This is the first time to produce eco-friendly vehicles such as electric vehicles (EVs)...

One in five of the first batch of next-generation US Postal Service delivery vehicles will be electric-powered, officials said Thursday.The Postal Service formally placed its initial $2.98 billion (roughly Rs. 22702.5638 crore) order for 50,000 vehicles with at...

As US President Joe Biden failed to mention Tesla in his State of the Union address, CEO Elon Musk reminded him about the electric vehicle-making company's contributions to the US. Biden did mention Ford and General Motors in...

Even coming off its fastest annual growth in 37 years, the US economy is still bogged down by a persistent shortage of the computer chips essential to the technology that connects, transports and entertains us.The problem has been...

US President Joe Biden publicly acknowledged the role of Tesla in US electric vehicle manufacturing on Tuesday, after Chief Executive Elon Musk repeatedly complained about being ignored."From iconic companies like GM and Ford building out new electric vehicle...

The European Union announced a $48 billion (roughly Rs. 3,58,520 crore) plan Tuesday to become a major semiconductor producer, seeking to curb its dependency on Asian markets for the component that powers everything from cars to hospital ventilators and...

Tesla said on Monday it received a subpoena from the US securities regulator related to a settlement that required Chief Executive Elon Musk's tweets on material information about the company to be vetted.The subpoena by the US Securities and...

The US Commerce Department is expected to soon release details from a study of semiconductor chips it conducted last year amid a push to win funding to boost US manufacturing from Congress.In September, the department asked semiconductor chip...

US officials have approved licence applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.Huawei, the world's largest telecommunications...