Ford Doubles Lightning Production As Electric Truck Battle With GM Heats Up

Ford Motor Co (F.N) said on Tuesday that it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers. Ford’s announcement comes a day ahead of rival General Motors Co’s (GM.N) public introduction of the…

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Japan to give Micron Technology up to $320 mln to boost chip output in Hiroshima

The financial aid announcement, which follows the visit to Japan by U.S. Vice President Kamala Harris, is the latest example of growing cooperation between Washington and Tokyo in chip manufacturing amid growing tension and an intensifying technology rivalry with China. TOKYO, Sept 30 (Reuters) – Japan will give U.S. chipmaker Micron Technology MU.O a subsidy of up to 46.5…

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Adani Signs MoU With Ballard to Commercialise Hydrogen Fuel Cells for Mobility

The Adani Group announced on Monday that it has signed a non-binding Memorandum of Understanding (MoU) with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration…

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Apple backs new music startup

Apple Inc (AAPL.O) is backing a music startup launched by one of its former executives. The company, called Gamma, is the brainchild of former Apple Music Global Creative Director Larry Jackson and veteran music executive Ike Youssef. It positions itself as an alternative to traditional record labels. “The artists shaping today’s culture not only create…

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Dutch to restrict semiconductor tech exports to China, joining US effort

The Netherlands’ government on Wednesday said it plans new restrictions on exports of semiconductor technology to protect national security, joining the U.S. effort to curb chip exports to China. The announcement marked the first concrete move by the Dutch, who oversee essential chipmaking technology, toward adopting rules urged by Washington to hobble China’s chipmaking industry…

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