Focus on Samsung SDI
US finalizes $9.63 billion loan for Ford, SK On joint battery venture
The U.S. Energy Department finalized a $9.63 billion loan for Ford and SK On to build three battery plants in Kentucky and Tennessee.
GM to sell its stake in Michigan battery plant to LG Energy Solution
GM to sell Lansing battery plant stake to LG, trims EV plans amid slow market growth and shifts in production strategy.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture
The U.S. Energy Department plans a $7.54 billion loan to Stellantis and Samsung SDI for two EV battery plants in Indiana.
Vietnam’s renewable energy policy is spurring decarbonization of global brands
Vietnam’s new Direct Power Purchase Agreement enables global brands to decarbonize supply chains by sourcing renewable energy.
Samsung Electronics shares hit lowest in more than four years
Samsung shares hit a four-year low, falling 2.1 per cent amid increased competition and lagging AI chip demand versus rivals.
US set to award Hemlock Semiconductor $325 million for polysilicon production
The U.S. is awarding $325M to Hemlock Semiconductor to boost polysilicon production, securing the chips supply chain.
India plans laptop import curbs to boost local manufacturing, sources say
India plans to limit laptop, tablet, and PC imports, potentially disrupting an $8 billion industry to boost local manufacturing.
Samsung Electronics says it is not interested in spinning off foundry business
Samsung Electronics has no plans to spin off its contract chip manufacturing or logic chip design businesses, despite significant losses.
Biden signs bill exempting some semiconductor factories from new environmental reviews
Biden signed a law exempting some U.S. semiconductor facilities from new environmental reviews to speed up projects.
Jeep owners should park outside pending recall fix, US agency says
NHTSA urges owners of 154,000 Jeep plug-in hybrids to park outdoors due to fire risks from faulty battery packs.
