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Murugappa Group arm-led JV to invest INR 7,600 cr to build OSAT facility in Gujarat – ET Auto

Baua Electric

New Delhi: CG Power and Industrial Solutions Limited, a part of Tube Investments of India Limited and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. The JV plans to invest INR 7,600 crore in five years. The JV will be 92.3%

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

Vincent and the Grenadines, Taiwan, Thailand, Uganda, the United States, and Yemen. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

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15 Graphs That Explain the State of AI in 2024

Cars That Think

Companies release foundation models both to push the state-of-the-art forward and to give developers a foundation on which to build products and services. Other charts in the report suggest that this impact on the bottom line reflects efficiency gains and better worker productivity. Google released the most in 2023.

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China’s EV brands are coming to bury US automakers—or are they? – Charged EVs

Baua Electric

Now they’re ramping up production and building a fleet of gigantic auto-carrier ships—it certainly appears that they’re planning to flood the global market (they’re exporting gas-burners too). But neither this nor the Inflation Reduction Act ’s generous subsidies for domestic EV production are likely to keep the invaders out for long.