More than a year after COVID-19 outbreak, the growing impact of the pandemic on the automotive industry remains unclear. As reports suggest, automakers are reducing output and selectively idling assembly lines until the ongoing chip shortage eases, which we expect to take several quarters. The situation is particularly acute for carmakers, which are experiencing an increase in electric vehicle demand, while semiconductor foundries limit their ability to take fewer orders from larger technology companies.
Denne historien er fra March 2021-utgaven av Industry Leaders.
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Denne historien er fra March 2021-utgaven av Industry Leaders.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
GERMANY ADOPTS NEW LAW TO HASTEN THE END OF COAL PLANTS
A new climate law adopted by Germany requires that all coal-fired power plants be shut down before the promulgated 2038 deadline. In January 2020, the German government had negotiated a deal worth €40 billion to phase out coal power by 2038, but now it seems the country is in a hurry to end its dependence on coal power due to urgent climate concerns.
IRS AND JUSTICE DEPARTMENT INVESTIGATING CRYPTO EXCHANGE BINANCE
Singapore-based Binance was co-founded in 2017 by Changpeng Zhao, and is the largest cryptocurrency exchange in the world. The US Commodity Futures Trading Commission (CFTC) is probing money laundering and tax-related offenses on the platform by any US citizen. They are investigating whether any illegal trading of derivatives linked to digital tokens was done. The United States residents can only purchase these kinds of products from firms registered with the CFTC.
GEN Z ANGELS
INVESTORS SEEM TO BE GETTING YOUNGER AND YOUNGER.
Biggest AI Talent Grab of the Year
In a post-COVID-19 world, the role of Mergers and Acquisitions (M&A) will be redefined. Companies striving to defend their existing markets and accelerate recovery are looking at a wide range of strategies such as alliances and partnerships. In addition, deal-makings now have to reflect the new environmental and societal priorities of the post-crisis world, which include making organic changes like going virtual, remote collaborations, and potentially less inperson networking.
POSTWAR BOOM
PANDEMIC BRINGS GOOD SALES GROWTH FOR LUXURY CAR BRANDS
GOOGLE PLANS TO BUILD A COMMERCIAL QUANTUM COMPUTER BY 2029
Google is confident it can build a commercial-grade quantum computer by 2029. The search engine giant’s chief executive Sundar Pichai announced the plan to build a quantum computer during the Google I/O stream. To follow through on this ambitious journey is an important milestone in the form of a new Quantum AI campus in Santa Barbara, California, where Google engineers and scientists will be hard to work to build the world’s first commercial quantum computer.
Young Guns: Reduce, Reuse, Recycle
Over time, mankind has degraded the planet's most valuable resource - its atmosphere. Now it is time to do something
Lockheed Martin wins $4.9 billion U.S. Space Force contract
Lockheed Martin gets billions to develop NextGen OPIR satellites for the USSF.
Tesla's kiss of confidence sends Bitcoin price skyrocketing
According to Grayscale Bitcoin Trust, Bitcoin price rose 20.6%, its highest since mid-January.
Bitcoin: Fool's Gold or Digital Gold?
The past year has seen the Bitcoin vs Gold as a hedge investment debate hotting up. The price rally in cryptocurrency has led to a shift in sentiments, with many investors now finding it a viable investment.
