chief financial officer (CFO) – Charm

Rivian’s CFO hints the end of EV tax credits means manufacturers are being forced to finally make more affordable electric cars

Cs news5 months ago06 mins

As the EV market enters choppy waters, legacy automakers are pulling back on electrification plans, delaying EV launches, and cutting production at EV plants. That’s not an option for pure-play EV makers like Rivian. Instead, the Irvine, California-based manufacturer has its sights set firmly on the launch next year of its second-generation product: a midsize…

Nvidia’s China-based rival posts 4,300% revenue jump as chipmakers’ earnings reported no H20 chip sales to the country

Cs news7 months ago011 mins

Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…