Samsung just officially announced they’re building a $17 billion advanced chip factory about 30 miles from Austin, Texas.
Kinam Kim, the vice chairman and CEO of Samsung Electronics Device Solutions Division says in a statement that “With greater manufacturing capacity, we will be able to better serve the needs of our customers and contribute to the stability of the global semiconductor supply chain.” He continued, “In addition to our partners in Texas, we are grateful to the Biden Administration for creating an environment that supports companies like Samsung as we work to expand leading-edge semiconductor manufacturing in the U.S. We also thank the administration and Congress for their bipartisan support to swiftly enact federal incentives for domestic chip production and innovation.”
Samsung plans to begin construction in 2022 and hopes to be manufacturing semiconductor chips by 2024. The decision to expand and build a major chip factory comes from the massive global chip shortage that has significantly affected the automotive industry.
In an attempt to strengthen chip production and reduce the potential for supply chain disruption the Biden administration recently approved $52 billion in subsidies for new chipmaking plants.
Most automobile enthusiasts are well aware that frigid winter temperatures can adversely affect the total driving range of an electric vehicle (EV). This quirk is often cited by proponents of gasoline-powered cars as a reason why EVs may face challenges in certain regions. However, recent research from Automotive News suggests that extreme heat can have similar, if not more significant, impacts on EV range.
Car dealerships today still have a bad rap for playing games with their customers. Whether it’s dodging questions, using high-pressure techniques to book appointments, or doing bait & switch tricks with sales offers, these all hurt your dealership's reputation. Playing games and being deceitful in your business may let you walk away with a few lucky deals but it will ultimately hurt you in the long run. Today, customers are smart and aware of the stigma associated with car salespeople so you need to be ethical and provide a transparent sales process.
News has emerged that Ford Motor Company is planning to incorporate the necessary hardware for BlueCruise, a semi-autonomous driving system designed to compete with GM's SuperCruise and Tesla's Autopilot, into an extensive number of 2024-model-year vehicles. However, it appears that utilizing this feature may come at an additional cost.