Tesla Just Established A Chinese Joint Venture With The Swiss Automotive Chip Company Annex The Ev Giant Is Also Slated To Become One Of Tsmc S Largest Customers
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Tesla is finally making a big splash in the world of autonomous driving by opening up the Full Self-Driving (FSD) capability of its Autopilot system to everyone in North America. With this move, however, comes a rapacious demand for chips, one that Tesla is now attempting to meet by not only tapping TSMC but also establishing its own chip-focused joint venture (JV) in China....