11B

Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — …

SunZia, a massive clean energy project in the US Southwest, has closed $11 billion non-recourse financing and launched full construction. Daniel Elkort, executive vice president at Pattern Energy, the project’s California-based developer, said about the milestone finance package: The size and scale of both the SunZia project and this multifaceted financing show that the renewable energy space can secure attractive capital at levels previously only seen in traditional generation. The…

On Tuesday, Stellantis announced it has entered into agreements worth over $11.2 billion (€10 billion) for semiconductors through 2030. The automaker says it has built a “comprehensive ecosystem” to reduce the risk of running into EV supply chain shortages. The parent company behind RAM, Jeep, Dodge, Chrysler, Fiat, Alfa Romeo, and several others is investing in the future of the business. Semiconductors play a vital role in electric vehicles. They power everything from the EVs batteries to…

Fast News Merck's financial results were better than expected in the fourth quarter of 2022 thanks in part to strong sales of its cancer drugs, and despite a decline in its anti-Covid treatment molnupiravir. The transaction diversifies Merck's portfolio and will help drive its "growth…

Mazda has fallen behind the pack as the race to claim EV share heats up. After receiving criticism over its electric vehicle rollout (or lack thereof), Mazda plans to achieve up to 40% EV sales by 2030 with a nearly $11 billion investment strategy to speed up the transition. Like its rival Japanese automakers, Toyota and Honda, Mazda was one of the slowest in the industry to transition to electric vehicles. Mazda began production of its first 100% electric vehicle, the MX-30, in 2020 and has…

Bloomberg: Indonesia's GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO — GoTo Group posted about 53% gross revenue growth in its first quarterly report as a public company, accelerating from the 2021 pace and highlighting the rapid expansion of Indonesia's tech and online industries. Bloomberg: Indonesia's GoTo Group reports Q1 gross revenue rose 53% YoY to $357M and a loss of $370M, after raising $1.1B in its IPO — …