The semiconductor industry players are forming a regional cluster in Europe, with the support of EU’s semiconductor initiative to decrease its dependence on Asia. Seeing growing demand for packaging and testing service in Europe, Amkor is pledging its support for EU’s Chips Act with its capacities in Portugal.

Swedish automaker Volvo’s new electric flagship due to be publicly presented on November 9 will feature Qualcomm’s Snapdragon Cockpit Platform. As EENews Automotive reports, the electric EV EX90 will possess a vertical large central display and a smaller, horizontal display placed directly in front of the driver. While the smaller screen displays essential driving information, the larger one displays infotainment data, navigational maps, and information related to vehicle status.

Tesla announced on Oct 24 that it is lowering the selling prices for Model 3 and Y in China.

General Motors saw record revenue and double-digit EBIT-adjusted margins in the third quarter, thanks mainly to production increase and robust pricing. However, the carmaker has dialed back its EV production goal due to the delay of the battery production launch in Ohio.