Tag Archives: Makers

By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. Lucid’s cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a… Source link

The world’s third-largest maker of semiconductor wafers, Taiwan’s GlobalWafers, announced plans to build a $5 billion factory in the U.S. on Monday—but only if the government helps pay for it. “This investment that they’re making is contingent upon Congress passing the CHIPS Act. The [GlobalWafers] CEO told me that herself, and they reiterated that today,” U.S. Commerce Secretary Gina Raimondo told CNBC, the same day GlobalWafers announced its development plan. Congress actually Source link

After months of debate, Congress is still slow-walking a bill that would spend over $50 billion on semiconductor manufacturing. Commerce Secretary Gina Raimondo has been frustrated by the slow pace for months and upped the stakes in a new interview by saying the economic damage could soon become permanent. She says companies that may want to be in the U.S. could shift manufacturing overseas in “months [because] they have to make decisions.” During the conversation Wednesday with Yahoo… Source link

Ask Ford CEO and resident car super fan Jim Farley who he sees as his biggest competitors in the electric vehicle race, the answer isn’t fierce hometown rival General Motors.  In fact, Farley won’t say specifically the Model T creator has worthy competitors in EVs. Rather, Farley acknowledges “admiring” two EV players in particular.  “Well, the companies that I think about that I admire because of their commitment — and frankly, the hard work they did to earn their reputation — are… Source link

You might think a Google phone would be the best choice to control your Google-branded speakers, but that’s not necessarily true: Google’s actions have potentially opened the door for other manufacturers to do what the Pixel legally cannot, writes Android sleuth Mishaal Rahman at Esper. Last week, we wrote how “Your Google home speakers are about to get slightly worse because Sonos sued and won.” If you’re using a Google Pixel, that’s true — among other things, you won’t… Source link

An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville Just when it looked like it was smooth sailing for stocks, fears of inflation and the new Omicron variant took hold. A handful of stocks continued to drive the major North American stock benchmarks; banks and energy in Canada and big tech in the United States. But Yahoo Finance Canada readers were less interested in the stalwarts and more interested in emerging technology. Here are the top… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave Google says payments merely a promotional opportunity EU says they are pinnacle of illegal interlocking practices EU court judgment likely next year LUXEMBOURG, Sept 29 (Reuters) – Payments to phone makers to pre-install only Google Search on their devices were not aimed at preventing competition but were necessary for Android to seize market share from… Source link

Wildfires are taking a toll on the West Coast right into the end of the summer, with water shortages a top concern for local leisure and hospitality businesses. But according to Tom Danowski, Oregon Wine Board President, there’s an “oversupply” of wine across the nation — even with demand for alcoholic beverages on the rise. “Look at your shelf and your store, you’ll see quite a bit more wine than you might have ever thought could ever [have] been produced,” he told Yahoo Finance LIVE. He… Source link

Newly unredacted sections of Epic’s antitrust complaint against Google reveal new details on the lengths to which Google went to undermine third-party app stores on the Android platform. According to the new text, starting in 2019, Google ran a “Premier Device Program” that gave Android phone makers a greater share of search revenue than they would normally receive. In exchange, the OEMs agreed to ship their devices without any third-party app stores preinstalled. Specifically, they… Source link

In a lengthy Senate hearing, the app makers said Apple and Google’s rules surrounding in-app payments and app updates allow the tech giants to choke off rival services, and that they engage in retaliation when app developers refuse to comply. The occasionally tense showdown highlighted how antitrust scrutiny of Apple is ramping up after more than a year of similar focus on its peers such as Amazon, Facebook and Google. And lawmakers were clear that the hearing would serve as a springboard… Source link