Alton Kusher

Chinese chipmaker GTA Semiconductor raises over USD 1.8 bn as Beijing prepares new chip fund, ET Auto

GTA Semiconductor has been backed by state-owned venture capital firms like Shanghai-based Spinnotec, which first announced the USD 1.8 billion fund-raising round on Monday, without specifying the entities involved. Chinese auto chipmaker GTA Semiconductor recently completed a largely state-funded financing round worth over USD 1.8 billion, state-backed Securities Times reported on Wednesday, with the move…

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Why are commercial vehicle manufacturers switching to hydrogen fuel?, ET Auto

Powertrain development companies use H2ICE for heavy-duty applications. It targets to increase the efficiency of multiport and utilizes the current powertrain architecture. New Delhi: On January 4, 2023, the Union Cabinet passed the National Green Hydrogen Mission that will aid in promoting the hydrogen ecosystem. Following this approval, this mission was incorporated in the Union…

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