Chinese electric car start-up Nio said Tuesday a shortage in semiconductors and batteries will cut its production capacity in the second quarter to 7,500 vehicles a month, down from 10,000.

Volvo Cars set an ambitious goal to only sell battery cars by 2030, accelerating its plans after sales of electric vehicles surged.

Goldman Sachs has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said.

"Despite our private-sector and university leadership in AI, the US remains unprepared for the coming era... China is a competitor possessing the might, talent and ambition to challenge America's technological leadership, military superiority and its broader position in the world."

As the US looks to fulfill its semiconductor needs on its own, Arizona is fast emerging as a base for the domestic industry's revival. Already home to large Intel workforces, the state will soon add staff from Taiwan's TSMC, supplier LCY Group, and potentially Samsung, as a slew of industry giants eye sites in the sun-beaten Southwestern state.

The video conferencing company expects sales to rise more than 40% this year, reaching more than $3.7bn.

China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.

Siemens and ASE are developing a single platform from 2.5D and 3D packaging to fan-out wafer-level packaging (FOWLP) technologies.

The US president signed an executive order on Wednesday requiring federal agencies to conduct 100-day reviews of supply chains for semiconductors, pharmaceuticals, electric vehicle batteries and critical minerals used in manufacturing products such as cars and weapons.

Australia has passed a world-first law aimed at making Google and Facebook pay for news content on their platforms.

Electric-car maker Fisker said on Wednesday it will collaborate with Foxconn on an electric vehicle project and forecast that production would start in the fourth quarter of 2023.

US President Joe Biden is set to sign an executive order as early as this month to accelerate efforts to build supply chains for chips and other strategically significant products that are less reliant on China, in partnership with the likes of Taiwan, Japan and South Korea.

Jack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant.

Huawei Technologies took the wraps off a high-end foldable smartphone to try and stake out a place in the fast-expanding category, revealing that revenue and profit barely grew in 2020 at the height of Trump-era sanctions.

Security researchers have spotted a new malware operation targeting Mac devices that has silently infected almost 30,000 systems.

A new Apple patent published today by the US Patent and Trademark Office describes an iPhone display that, with high refresh mode enabled, may be capable of updating content at two times, three times, or even four times the native refresh rate. For example, an iPhone with a 60Hz display would be able to increase its variable refresh rate to 120Hz, 180Hz, or 240Hz automatically.

LG Innotek plans to invest KRW547.8 billion (US$496 million) to increase production of camera modules used in iPhones.

Electric vehicle (EV) registrations in the US in 2020 reached record market share of 1.8%, demonstrating increased consumer interest for electric vehicles, according to new analysis from IHS Markit.

Looking ahead, cutting edge wafer supply might not be the biggest headache for big chip companies. As TSMC chairman Liu sees it, a renaissance is coming. One day chip design will be as easy as writing code.

As the main paper sessions close out, there were three papers that deserve some attention for their potential impact on system-on-chip (SoC) technology.

Honda Motor is promoting its current head of research and development Toshihiro Mibe to chief executive, the latest in a number of bold moves the automaker is taking to step beyond its more than half-a-century-long reliance on selling gasoline-powered cars.

China may ban the export of rare-earths refining technology to countries or companies it deems as a threat on state security concerns, according to a person familiar with the matter.

In response to struggling smartphone sales, Huawei is looking at other sources of revenue for its technology.

Analog Devices is delaying the closure of a California chip factory as sales boom and supplies remain tight, the company's chief executive told Reuters after the company reported better-than-expected quarterly results.

Qualcomm incoming Chief Executive Officer Cristiano Amon said US sanctions against China's Huawei Technologies may help alleviate a global shortfall in semiconductor supply. If Huawei's in-house chip unit HiSilicon can't get its designs manufactured, the company may order more chips from other providers. These limitations will also free up capacity at TSMC, Amon said in a webcast with Goldman Sachs analyst Rod Hall.

President Joe Biden's top economic adviser, Brian Deese, has sought the Taiwanese government's help resolving a global semiconductor shortage that's idling US car manufacturing plants, according to a letter reviewed by Bloomberg News.

Apple launched its first iPhones with 5G wireless speeds a few months ago. Now it's looking to start work on sixth-generation cellular connectivity, or 6G, indicating it wants to be a leader in the technology rather than relying on other companies.

NXP Semiconductors has had to shut down its wafer fab and assembly plants in Austin, Texas, after power was diverted to residents and hospitals. The same has happened to fabs run by Infineon and Samsung in the area.

A new president took office this month determined to fight climate change. Wall Street investors think Tesla is worth more than General Motors, Toyota, Volkswagen and Ford put together. And China, the world's biggest car market, recently ordered that most new cars be powered by electricity in just 15 years.

Facebook has blocked Australian users from sharing or viewing news content on the platform, causing much alarm over public access to key information. Facebook's move is in response to a proposed law in Australia which would make tech giants pay for news content.

Tata Electronics, Apple's contract manufacturer Pega簫tron, and Grasim and 25 other firms signed memoranda of understanding (MoUs) worth over Rs 28,053 crore with the Tamil Nadu government on Tuesday. These MoUs would create 68,775 jobs in the state, the government said.

Apple approached Japan's Nissan in recent months about a tie-up for its secretive autonomous car project, but talks are no longer active, according to people briefed on the matter. Apple also recently halted talks with South Korea's Hyundai Motor and its affiliate Kia, underscoring the challenges of finding an automotive partner for its car efforts, known as Project Titan.

Dan Riccio would help overcome development hurdles.

From bad to worse

China announced new anti-monopoly rules over the weekend - but that's not likely to have much impact on the market for now, argues Bank of Communications International's Hao Hong.

Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin.

It's nervous about its new CPU rival.

Asian chipmakers are rushing to expand their production capacity to meet a global shortage that has been acutely felt by carmakers, but the firms warn that the supply gap may take many months to plug as they struggle to keep up with strong demand.

An EU plan for a fifty-fold increase in electric cars this decade to help cut greenhouse gas emissions will require an 80 billion euro ($96.5 billion) investment in charging points to support it, power industry group Eurelectric said on Tuesday.

It is the first time Google has revealed operating income for its cloud unit.