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Nvidia-Supplier Foxconn Reportedly Bets Big On AI With Up To $3 Billion Annual Spend As Chairman Warns Of Shakeout In Brutal Chinese EV Market
Nvidia-Supplier Foxconn Reportedly Bets Big On AI With Up To $3 Billion Annual Spend As Chairman Warns Of Shakeout In Brutal Chinese EV Market

Nvidia Corp (NASDAQ:NVDA) supplier Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), is reportedly shifting its financial firepower toward artificial intelligence.Foxconn Pours Billions Into AI As Business Mix ShiftsFoxconn Chairman Young Liu said that the c... Read more

Benzinga - Nov 21
This Chinese EV has gullwing doors and a light show. I drove it to see if it's a Tesla rival.
This Chinese EV has gullwing doors and a light show. I drove it to see if it's a Tesla rival.

The Hyptec HT is part of one of China's largest carmakers' push into the premium EV market, aimed squarely at Tesla's Model Y and BYD's Sealion 7. Read more

Business Insider - Sep 24
Berkshire Hathaway exits BYD, closing out 17-year investment in Chinese EV maker.
Berkshire Hathaway exits BYD, closing out 17-year investment in Chinese EV maker.

Berkshire Hathaway has fully divested from Chinese electric vehicle maker BYD after 17 years, according to CNBC’s Warren Buffett Watch. A first-quarter filing from Berkshire Hathaway Energy, the unit that held the shares, showed the investment marked at zero as of March 31, with a spokesperson co... Read more

Forexlive - Sep 22