GlobalFoundries secures $1.5 billion in CHIPS Act funding for US expansion
The Biden administration is granting $1.5 billion in funding to GlobalFoundries to bolster semiconductor production under the CHIPS Act. The company, which spun out from AMD in 2009 and also has access to $1.6 billion in loans from the CHIPS Program Office, will split the cash between three projects. First,…
SpaceX moves its legal home to Texas from Delaware
Elon Musk has started moving his businesses away from Delaware, following a judge’s decision in the state to invalidate his $56 billion Tesla pay package. In a post on X, Musk has announced that SpaceX has moved its corporate home from Delaware to Texas, along with a copy of the…
Toyota and Lexus are adopting Tesla’s EV charging standard
One by one, automakers have started adopting the North American Charging Standard (NACS) used by Tesla’s Superchargers as they move towards their goal of replacing their fleet with electric vehicles. Toyota is the latest company to join the growing list. The automaker has announced that it has reached an agreement…
‘Breakthrough’ geothermal tech produces 3.5 megawatts of carbon-free power
Fervo Energy says it has achieved a breakthrough in geothermal technology. It carried out a 30-day well test at its site in northern Nevada and says it was able to achieve a “flowrate of 63 liters per second at high temperature that enables 3.5 megawatts of electric production.” The company…
Tesla’s ‘Charge on Solar’ lets Powerwall owners send excess energy to their EV
Tesla has launched a feature called “Charge on Solar” that allows owners to fill up their electric vehicles’ batteries using only excess solar energy. As TechCrunch notes, the automaker started testing the capability in May, but now it’s more widely available to Tesla customers in the US and in Canada….