Business

SKorea's Moon says EV battery settlement 'very meaningful'

South Korean President Moon Jae-in on Monday welcomed a decision by two South Korean electric vehicle battery makers to settle a long-running intellectual property dispute that had threatened thousands of American jobs and ...

Business

EU wants to double microchip share by 2030

The EU aims to capture 20 percent of the world's semiconductors by 2030 as Europe looks to become a tech power to rival the US and China, officials said Tuesday.

Business

Amazon to make devices in India for the first time

Amazon will begin making Fire TV sticks in India, the US tech giant said Tuesday, its first device manufacturing line in the country as it fights for a share of its booming e-commerce market.

Automotive

Jaguar car brand to go fully electric from 2025

Jaguar, the Indian-owned luxury car brand, announced Monday that it will produce only electric vehicles from 2025 as governments put pressure on the business world to slash carbon emissions and consumers demand greener products.

Business

Biden plans executive order after semiconductor crunch

The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said Thursday.

Automotive

Chip shortage puts the brakes on automakers

A shortage of silicon chips is forcing automakers to cut back on production across the globe and may encourage efforts to cut reliance on Asian suppliers.

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