AMO Mobility plans to raise around $200 million in three years to fund expansion

The funds will be utilised for various business activities, including enhancing production capacity and new product development, AMO Mobility founder Sushant Kumar said.

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No let up in China's aim to curb tech monopolies, says PBoC governor

The central bank will work with anti-monopoly authorities to prevent firms from abusing dominant market positions and actively deal with new monopoly problems, governor Yi Gang said

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First Berlin Teslas could come next month, Elon Musk tells fans

Tesla CEO Elon Musk said volume production would amount to 5,000 or "hopefully 10,000" vehicles per day, and battery cells would be made there in volume by the end of next year.

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Could Facebook sue whistleblower Frances Haugen?

US law protects whistleblowers who disclose information about potential misconduct to the government. But that protection doesn't necessarily cover taking corporate secrets to the media.

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TSMC, Sony Said to Be Considering Joint Chip Factory With Japan’s Help

TMSC and Sony are thinking of jointly building a chip plant in Japan, with a part of the investment coming from the Japanese government, says a report by Nikkei.

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Bitcoin Is a Better Hedge Against Inflation Than Gold, Says JP Morgan

Bitcoin is being considered by investors as a better hedge against inflation than gold, according to an investor's note from JP Morgan.

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Mastercard Says Replacing Magnetic Strip Debit, Credit Cards With Chip-Based Cards for Safety

Mastercard has announced that it will slowly phase out magnetic stips from its credit and debit cards starting 2024.

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