Minerals bottleneck threatens clean energy transition, says IEA

Minerals bottleneck threatens clean energy transition, says IEA

(ATF) The world faces a threat to its new energy needs from bottlenecks in the supply of critical minerals, a new International Energy Agency report concluded on Wednesday. Governments need to ensure the supply of materials needed for clean-energy technology if the world is to meet its climate goals, the …

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Tencent bids to keep stakes in US video game makers

Tencent bids to keep stakes in US video game makers

(ATF) Tencent Holdings hopes to hang on to stakes in US video game developers as it pours investment into the pandemic-fuelled global growth sector. The Chinese company is negotiating agreements with the Committee on Foreign Investment in the United States (CFIUS), which has the authority to order the Chinese technology …

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Nintendo forecasts Switch sales drop as chip crisis comes into play 

Nintendo forecasts Switch sales drop as chip crisis comes into play 

Gaming giant Nintendo is expecting to sell more than 3 million fewer of its Switch gaming consoles this year as pandemic-boosted sales recede and chip shortages come into play. The Japanese firm’s bosses predicted annual Switch console sales to fall 11.5% this year on Thursday – the first drop for …

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Washington intensifies pressure on Taiwan chipmakers

Washington intensifies pressure on Taiwan chipmakers

(ATF) Washington is upping the pressure on Taiwan’s semiconductor manufacturers to allocate more output to US carmakers, Commerce Secretary Gina Raimondo said Tuesday. The US is also looking for ways to spur domestic production of a range of industrial components as it aims to reduce its reliance on foreign suppliers, …

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Australia to build its first dual hydrogen-gas power plant

Australia to build its first dual hydrogen-gas power plant

(ATF) The Australian state of New South Wales is set to be the site of the country’s first dual hydrogen-gas power plant, as the country’s most populous state intensifies its switch to renewable energy. Deputy Premier John Barilaro said this week the A$83-million project on the edge of Lake Illawarra …

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Smart move! China sets up second AI pilot area in port city 

Smart move! China sets up second AI pilot area in port city 

(ATF) Chinese authorities have given the go-ahead for the development of a second AI pilot area in the port city of Tianjin. The move was announced at The World Intelligence Conference and it will see funds fed into developing sectors such as intelligent robots, and hardware and software. Based in …

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Taiwan’s TSMC backs European Union push to build chip hub

Taiwan’s TSMC backs European Union push to build chip hub

(ATF) Taiwan Semiconductor Manufacturing Co says it will back a European Union (EU) push to develop chipmaking on the continent, officials have revealed. European Commissioner for the Internal Market Thierry Breton held talks on Friday with Maria Marced, president of TSMC Europe, in what he described as a "good exchange". …

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