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WASHINGTON (Reuters) -- The Biden administration on Wednesday slashed its target for U.S. electric-vehicle adoption from 67% by 2032 to as little as 35% after industry and autoworker backlash in the political battleground state of Michigan.
WASHINGTON (Reuters) -- The Biden administration is unveiling final rules on Wednesday that make it easier for automakers to continue selling gas-powered models and slows the projected transition to electric vehicles through 2030.
The White House said Intel has been awarded up to $8.5 billion in CHIPS Act funding, as the Biden administration ramps up its effort to bring semiconductor manufacturing to U.S. soil.
Renault's chief executive on Tuesday said that European policymakers should take inspiration from China as they look to boost the region's automotive industry in an increasingly tough landscape.
SAN JOSE, California -- Jensen Huang, CEO of American AI chip giant Nvidia, said Tuesday that he does not expect a "doomsday scenario" in U.S.-China relations and that the company will continue working closely with Taiwan Semiconductor Manufacturing Co. despite geopolitical tensions.
NEW YORK (Reuters) -- A Canadian resident of China has been arrested in the United States for allegedly stealing electric car manufacturer Tesla's trade secrets and conspiring to sell them to undercover law enforcement officers.
A Canadian man who lives in China was arrested Tuesday and held in New York after he and a business partner were accused of trying to sell secret battery manufacturing technology belonging to Tesla.
Shares of Super Micro Computer dropped Tuesday after the company announced a new share offering, taking a bite out of one of the biggest rallies tied to the artificial intelligence boom.