Vietnamese electric vehicle (EV) manufacturer VinFast has announced a delay in the launch of its planned $4 billion factory in North Carolina to 2028. This postponement, originally scheduled for 2025, accompanies a reduction in the company’s delivery forecast for the year by 20,000 units. These adjustments come amidst the evolving and uncertain global EV market…
Robinhood Markets, known for its popular trading app, has taken a significant step toward maturity by launching its first-ever share buyback plan. The company has announced that it will repurchase $1 billion worth of its stocks, signaling its transition beyond the startup phase. This move comes as Robinhood continues to expand its offerings and cater…
Global equity funds saw a significant increase in inflows during the week ending May 22. This surge is largely attributed to investor optimism regarding slowing inflation and the possibility of interest rate cuts by the U.S. Federal Reserve later in the year. The week’s inflows were detailed by Lipper data, showing a notable rise from…
ASML, the European technology giant known for its advanced semiconductor manufacturing equipment, has teamed up with the Eindhoven University of Technology to significantly bolster semiconductor research. The partnership involves a combined investment of €180 million ($195 million) over the next decade, aiming to advance scientific understanding and support the growing needs of the semiconductor industry….
Overview Tesla has acquired land rights in Shanghai to construct a factory capable of producing 10,000 megapack batteries per year. The 48.7-acre site near Tesla’s existing Chinese gigafactory cost $31 million. Production is slated to launch in late 2024, advancing previous plans for a mid-2025 start. The announcement signals Tesla’s intent to expand EV capacity…
