Business, Financial & Legal News - Page 62
Tesla moving its HQ from California to Texas, says Elon Musk
Elon Musk has announced that Tesla will be getting out of California, moving its HQ from Palo Alto, California to Austin, Texas. The news was announced during Tesla's recent shareholder meeting.
Musk didn't detail when the move would happen, but Tesla will be continuing to expand its manufacturing capacity in San Fransisco. So, while the Tesla HQ might be moving from California to Texas, the company isn't fully pulling out of California. Musk also talked about Tesla delivering record numbers of vehicles this year, all in a world where there are massive chip shortages impacting Tesla's competitors.
Musk explained: "We're taking it as far as possible, but there's a limit how big you can scale it in the Bay Area. Just to be clear, though, we will be continuing to expand our activities in California. This is not a matter of leaving California".
Continue reading: Tesla moving its HQ from California to Texas, says Elon Musk (full post)
Computex 2022 in-person event announced: takes place May 24-27, 2022
Computex has been a yearly ritual for many of us in this industry, and with the pandemic it was completely ruined -- like every other trade show -- but will reportedly return to in-person goodness in 2022.
Computex 2022 will take place between May 24 and May 27, 2022 with the organizers explaining: "This annual tech event will continue to lead in the discovery of the latest technology trends. Due to the pandemic, the annual physical show was cancelled for two years, but COMPUTEX 2022 is back, and it is open for international exhibitor registration starting from October 6. In addition, the global warm-up tour, #COMPUTEXisEverywhere, will begin on November 18".
As for what to expect, it should be an exciting show considering Intel will be ramping up into the launch of its Arc Alchemist graphics cards, Sapphire Rapids CPU platform, NVIDIA's next-gen Ada Lovelace GPUs, and AMD's next-gen RDNA 3 GPUs. DDR5 memory launches with Alder Lake, which is just days away now, and PCIe 5.0 devices which also launches with Alder Lake. Computex 2022 should be absolutely bonkers, if nothing tragic happens between now and then.
Continue reading: Computex 2022 in-person event announced: takes place May 24-27, 2022 (full post)
AMD CEO Lisa Su expects chip shortages to ease in 2H 2022
If you thought it was going to be easier, or cheaper to buy a CPU, GPU, or console between now and Christmas then you'd be wrong -- very wrong.
During a recent event, AMD CEO and President Dr. Lisa Su spoke with Code Conference producer Kara Swisher and CNBC tech reporter John Fortt, Su talked about the silicon and component shortages we've been experiencing over the last 18 months.
Su said that the silicon and component shortages will be with us for the rest of the year, and now into the first half of 2022 which she said there would be "tight supply". These issues would begin to get better in the second half of 2022, but there's no exact science here. Su is giving her estimates, but there are renewed concerns in China with ongoing production issues now that China is clamping down on power usage across the country.
Continue reading: AMD CEO Lisa Su expects chip shortages to ease in 2H 2022 (full post)
China energy use restrictions hurt Apple, Tesla, Qualcomm production
China is cracking down on virtually everything, but with new energy use restrictions, it is affecting companies like Apple, Qualcomm, and even Tesla and their production.
Apple and Tesla suppliers are suspending production, a move forced on them because of local policies that are controlling energy consumption for industrial use. There are some companies that will keep their factories closed through to the end of the week.
China is experiencing a tight supply of coal and natural gas, forcing the prices of them both high -- on top of that, China is wanting to reduce carbon emissions so these changes are being trusted upon the country rather fast. The upcoming 2022 Winter Olympics is also forcing the country to require "Olympic blue skies" that has China fixated on environmental changes so quickly.
Continue reading: China energy use restrictions hurt Apple, Tesla, Qualcomm production (full post)
Apple's former design boss has joined Ferrari, new multi-year deal
Apple designer Jony Ive left the company back in June 2019 to open up his own company, which his first client was Apple -- but now LoveForm has signed a new multi-year partnership with Ferrari.
In a press release, Ferrari said: "The first expression of this new partnership will bring together Ferrari's legendary performance and excellence with LoveFrom's unrivalled experience and creativity that has defined extraordinary world changing products".
LoveFrom co-founders Jony Ive and Marc Newson said in a joint statement: "As Ferrari owners and collectors, we could not be more excited about collaborating with this extraordinary company and in particular with the design team expertly led by Flavio Manzoni... We see some uniquely exciting opportunities working together which we believe will yield important and valuable work".
Continue reading: Apple's former design boss has joined Ferrari, new multi-year deal (full post)
SpaceX and Tesla boss Elon Musk is now 'semi-separated' from Grimes
Elon Musk has "semi-separated" from Grimes and will continue on separate paths, where they'll co-parent their one-year-old son X Æ A-12.
Musk spoke with Page Six where he said: "We are semi-separated but still love each other, see each other frequently, and are on great terms. It's mostly that my work at SpaceX and Tesla requires me to be primarily in Texas or traveling overseas, and her work is primarily in LA. She's staying with me now, and Baby X is in the adjacent room".
The couple made their big public debut at the Met Gala back in 2018, and their son was born in May 2020 kicking up headlines as Musk and Grimes named him X Æ A-Xii. But it's okay, you pronounce it "X Ash A 12" so that'll be easier for kids in school (I'm sure he'll be trained by an AI or something anyway) to tease him.
Continue reading: SpaceX and Tesla boss Elon Musk is now 'semi-separated' from Grimes (full post)
Ex-AMD and Intel executive joins Ryff, led by ex-AMD Studios boss
Ryff is going to be a name that we hear more and more over the next few years, with ex-AMD Studios boss Roy Taylor staffing up with another ex-AMD executive, Nick Knupffer.
Knupffer joins the company from Cornelis Networks and prior to that, AMD -- where he will be the SVP Marketing and Communications for Ryff in their new UK offices. Knupffer will be joined by Harry Charalambous who is joining Ryff in their new UK offices as the Director of Sales for Europe.
Nick brings with him decades of experience in the tech industry, with 16 years at Intel and previously with AMD as the head of brand and creative. After AMD he joined Cornelis Networks and has now moved into the world of Ryff. Nick's fellow ex-AMD gaffer, Roy Taylor, CEO of Ryff, said: "Digital advertising is a global industry and expanding our footprint beyond the US was a clear next step".
Continue reading: Ex-AMD and Intel executive joins Ryff, led by ex-AMD Studios boss (full post)
UN panics, says the world is on the 'edge of an abyss'
The United Nations has cranked its fear-mongering blaster that has been fixated on the planet for a while now, to 11, with United Nations Secretary-General Antonio Guterres warning the world and the nations that attended the 76th General Assembly session -- with Bill Gates even attending -- that all 193 member states need to do what Neo was asked to do by Trinity in The Matrix and "wake up" as solidarity is the only way out of this. Right.
Guterres said: "We are on the edge of an abyss. We face the greatest cascade of crises in our lifetimes".
He added: "Human rights are under fire. Science is under assault. And economic lifelines for the most vulnerable are coming too little and too late -if they come at all. A surplus in some countries. Empty shelves in others. This is a moral indictment of the state of our world. It is an obscenity. We passed the science test. But we are getting an F in Ethics".
Continue reading: UN panics, says the world is on the 'edge of an abyss' (full post)
$1 trillion platinum coin could get minted, placed at Federal Reserve
The US government is about to hit its debt ceiling, with renewed concerns over the economy looming as the Benjamins tick over, with Senate Minority Leader Mitch McConnell not budging on refusing GOP assistance on increasing the debt ceiling.
McConnell said that Democrats need to raise it in order to finance their huge social spending plans on healthcare, education, and childcare. Business Insider reports that there is a loophole in solving this issue, where instead of raising the debt ceiling, the Treasury Department has the power to mint a $1 trillion platinum coin.
The $1 trillion platinum coin would be minted and then deposited at the Federal Reserve, and then the US government would continue away paying its bills like nothing happened -- without the debt ceiling being raised. But then the not-so-federal Federal Reserve has that $1 trillion platinum coin in their possession.
Continue reading: $1 trillion platinum coin could get minted, placed at Federal Reserve (full post)
Intel chip shortage not expected to improve till at least next year
The global chip shortage has been hitting industries across the board, including 5G phones, graphics cards, and cars, with critical components holding back the production of finished goods. In the past, Intel has been able to avoid being the bottleneck in production, but it seems that the shortage has been sneaking up to Intel's doorstep. Although Intel CEO Pat Gelsinger recently made predictions that the shortage will get worse in the "second half of this year," it seems that the company had already been experiencing an extremely low inventory on mobile and other low-power CPU parts for months.
Intel's problems with the low inventory became noticeable in the middle of March. At the onset, manufacturers stated that the delays were due to global shipping issues related to the pandemic. In early April, specific products in the channel had their supplies quickly drying up, with vendors giving estimates of 3-4 weeks for orders that were placed in March. By the end of April, after notifying some customers of additional delays, those dates had slipped to the end of June. We had been hearing rumors in April from our sources that shipping delays were not necessarily the issue, but increased demands by specific partners were causing the shortages.
This story played well until we saw similar issues with Intel's larger partners. International computer manufacturer Lenovo shifted their estimated delivery dates from mid-June to October. One of Intel's largest partners, Dell, went even as far as to start proactively contacting customers stating that they would be unable to ship specific system configurations that had been accepted and recommended other models due to constraints on acquiring specific CPUs.
Continue reading: Intel chip shortage not expected to improve till at least next year (full post)