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GM's China joint venture develops own auto chips

BEIJING (Reuters) - One of General Motors Co (NYSE:GM)'s China joint ventures said on Wednesday it is developing auto chips and aims to increase use of locally sourced chips in...
GM's China joint venture develops own auto chips © Reuters. FILE PHOTO: General Motors sign is seen at the third China International Import Expo (CIIE) in Shanghai, China November 5, 2020. REUTERS/Aly Song

BEIJING (Reuters) - One of General Motors Co (NYSE:GM)'s China joint ventures said on Wednesday it is developing auto chips and aims to increase use of locally sourced chips in the next five years. Liuzhou-based SGMW, GM's venture with partners SAIC Motor Corp and Guangxi Automobile Group, said at an industry conference that it has been developing its own auto computing chips since 2018. SGMW did not say whether it is merely designing chips or is also participating in chip-manufacturing but said it would boost cooperation with Chinese manufacturers to improve quality and economy of its chips. A prolonged global shortage of semiconductor chips has affected major automakers https://www.reuters.com/technology/car-chip-shortage-abate-smartphones-could-be-next-industry-execs-2021-07-23 including Ford Motor (NYSE:F) Co, Honda Motor Co Ltd, and Volkswagen AG (OTC:VWAGY), forcing many to idle or curtail production. SGMW is also developing battery-swapping stations for its micro electric vehicles, it said at World New Energy Vehicle Congress.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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EUR/USD

1.0658

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GBP/USD

1.2475

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USD/JPY

157.91

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

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EUR/JPY

168.32

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EUR/CHF

0.9808

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Gold Futures

2,295.80

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Silver Futures

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Copper Futures

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Crude Oil WTI Futures

81.14

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85.62

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S&P 500

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DAX

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FTSE 100

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Hang Seng

17,763.03

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US Small Cap 2000

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IBEX 35

10,854.40

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BASF SE NA O.N.

49.155

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Bayer AG NA

27.35

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Allianz SE VNA O.N.

266.60

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Adidas AG

226.40

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Deutsche Lufthansa AG

6.714

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Siemens AG Class N

175.90

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Deutsche Bank AG

15.010

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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GBP30.873,5232.211,36
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Cập nhật lúc 10:45:15 01/05/2024
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