German Antitrust Authority Gives Green Light to Volkswagen-Rivian Joint Venture

July 30, 2024 – The German antitrust regulatory authority, the Bundeskartellamt, announced on July 29 local time that it has approved the establishment of a 50%-50% joint venture between Volkswagen and the American automotive startup Rivian. The regulator also gave the nod for Volkswagen to acquire a minority stake in Rivian. Volkswagen had previously declared…

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Tesla Gigafactory Expansion Hits Snag: Chemical Weapons Discovered, Cleanup Operation Planned

August 20, 2024 – The city of Grünheide, located in the German state of Brandenburg, has announced the discovery of chemical weapons in the expansion area planned for Tesla’s Berlin Gigafactory. The local government has scheduled a cleanup operation from August 19th to 22nd. According to the mayor of Grünheide, Arne Christiani, the chemical weapons…

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TechInsights: AI Chips to Consume Over 1.5% of Global Electricity, Generate Billions of Tons of Carbon Emissions in Next Five Years

June 28, 2024 –In a recent market outlook report, renowned research firm TechInsights has unveiled projections that underscore the continued ascendancy of data center AI chips and accelerators in the global semiconductor landscape. According to the forecast, shipments of these advanced components are anticipated to soar at a compound annual growth rate (CAGR) of 33%…

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