Elon Musk's Victory and Biden's Funding Boost for EV Makers
Friday, 12 July 2024, 09:54
Key Developments:
1. Musk's Legal Victory:
Elon Musk successfully defends against a lawsuit from former Twitter employees.
2. Biden's Funding:
- President Biden commits £1.7bn to support electric vehicle manufacturers.
3. Acquisition News:
- SoftBank acquires chipmaker Graphcore for an undisclosed fee.
4. BYD's Expansion:
Electric vehicle manufacturer BYD announces plans for a new factory in Turkey.
These recent developments underscore the growing importance of electric vehicles and semiconductor technology in the tech industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.