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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 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. Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars.

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

Cars That Think

With COVID-19 shaking the global supply chain like an angry toddler with a box of jelly beans, the average person had to take a crash course in the semiconductor industry. 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. And many of them didn't like what they learned.

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