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China's integrated circuit (IC) output growth has slowed, with a 23.1% increase in the first 11 months of 2024. The US has imposed stricter export controls on chip technology, prompting China to bolster its domestic semiconductor capabilities. Despite challenges, IC exports reached a record value of nearly $145 billion, driven by demand for legacy chips.
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As the Biden administration rushes to finalize energy loans before Donald Trump's inauguration, the Department of Energy has committed billions to clean energy projects. However, uncertainty looms over the future of these initiatives as Trump has pledged to cut federal spending on such programs.
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General Motors has reached a nonbinding agreement to sell its stake in a Lansing, Michigan battery factory to LG Energy Solution for about $1 billion. This move aims to recoup GM's investment amid slowing electric vehicle demand, as the factory has yet to begin production. GM will focus on existing joint ventures for battery supply.