TSMC and Samsung Electronics Mull Large-Scale Wafer Fab Construction in UAE

September 23, 2024 – According to a report by the Wall Street Journal yesterday, both Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Electronics have been exploring the possibility of building large-scale wafer fabs in the United Arab Emirates (UAE). The report indicates that the UAE is discussing an advanced semiconductor manufacturing complex, which could potentially…

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Faraday Future Unveils Strategic Plan for Sustainable Growth

October 17, 2023 – Faraday Future, according to the latest announcement on their official social media account, unveiled a comprehensive plan today aimed at supporting the company’s steady growth and ensuring sustainability and profitability, all while reducing the company’s reliance on external sources of funding. Faraday Future is set to disclose further details at the…

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Faraday Future secures $100 million in convertible bonds for FF 91 production and sales

May 10, 2023 – Chinese electric vehicle maker, Faraday Future, has secured $100 million in unsecured convertible bonds to support the production, sales, and service system development of its flagship vehicle, the FF 91. The financing round was led by Metaverse Horizon Limited, an independent investment fund, whose investors include FF Global Partners (FFGP) and…

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