The two companies announced a non-binding agreement that could involve increasing production capacity for Ford's current lineup and performing joint research and development on several categories of chips that are likely to be key to future cars, such as battery-management systems and self-driving systems.
Over the past year, a global chip shortage has caused Ford and other automakers to curtail vehicle production. Most companies have directed the chips they receive to their most profitable vehicles. That has led automakers to explore ways to boost access to chips.
Majority owned by Abu Dhabi's sovereign wealth fund, GlobalFoundries became publicly traded this year when it sold a stake in its business in a $26 billion initial public offering.
Diese Geschichte stammt aus der November 19, 2021-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der November 19, 2021-Ausgabe von Business Standard.
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Cement stocks may remain tepid in near term
Likely weak demand over the next few months as the monsoon season gathers pace, coupled with no price hikes, may keep cement stocks tepid in the near term, believe analysts. As a strategy, however, they suggest investors accumulate related stocks on dips, encashing benefits of a rebound in the second half of the current financial year.
No poll jitters for MF scheme launches
Fund houses to provide better entry points after June 4
Scramble for ERP licence as doubts linger on mkt size
About a dozen players dive into the fray
Sunil Chhetri, Indian football's brightest star, to hang up his boots
World Cup qualifier against Kuwait on June 6 will be his last game
WATERED DOWN
As Bengaluru segues from a parched summer to torrential rains, citizen groups and authorities evaluate the city's future as India's IT capital
SUV sales drive M&M profit to beat estimates
Mahindra and Mahindra (M&M) has reported a 4 per cent jump in consolidated net profit for the fourth quarter of the 2023-24, riding on a 9 per cent year-on-year (Y-o-Y) growth in revenue to ₹35,452 crore.
Vi Q4 loss rings louder on higher finance cost
Arpu, revenue rise marginally; telco sees 4G subscriber base grow
Regulatory fee or unjust enrichment?
Regulators are empowered to levy fees for services rendered, not to impose tax-like levies to create surpluses for themselves
Netflix nears deal for NFL games, extending focus on sports events
Netflix Inc will air two National Football League games this Christmas Day, in the streaming TV giant's latest push into live events.
Xi, Putin call for political solution’ to Ukraine war
Both leaders warned of growing nuclear tensions between rival powers