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Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

In 2015, Taiwan-based Hon Hai Precision Industry Co Ltd., Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars. Tencent also just signed a $4.65-billion billion loan deal, Reuters reported. Tencent reported net profit of $5.97 billion last year, up 43% on a 48% increase in revenue.

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The Chip Shortage, Giant Chips, and the Future of Moore’s Law

Cars That Think

By the time they got back in line to buy chips, that line was nearly a year long, and it was time to panic again. GlobalFoundries has already inked agreements with both Ford and BMW. So Arm and the Belgian research institute imec spent a few years finding room for those connections.

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