Tesla On Track To Become One Of Tsmc S Biggest Clients
A few days ago, the Chinese website IJiWei announced that Tesla had formed a JV with Annex, a Swiss manufacturer of automotive semiconductors. The joint venture has a registered capital of $150 million, of which Annex has a share worth 55%, Jinan Zurich Annex Equity Investment Fund Partnership 40%, and Tesla owns the remaining 5%. Remember that Annex was purchased by the Jinan Zurich fund for $5 billion back in June 2022....