Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage

Benzinga2021-07-19

A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.

What Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.

Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).

Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.

Why It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.

More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.

It wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.

Price Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JS69
2021-07-20
JS69
Comment
- JS69:
  Like
rae90
2021-07-20
rae90
Great job nio
- Stylerz:
  yes good potential
Stylerz
2021-07-20
Stylerz
Buy the dip
- rae90:
  hodl
rae90
2021-07-20
rae90
Good job nio
LHJarsenal
2021-07-20
LHJarsenal
Like n comment.
- Huathk:
  Gd
BryanAGX
2021-07-19
BryanAGX
??

Leave a comment

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In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n2021-07-19 15:22 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIO","symbol_name":"蔚来","start_time":0,"source_url":null,"article_id":"1184805798","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184805798","pubTimestamp":1626679322,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a uni","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIO":"蔚来"},"translate_title":"全球半导体短缺严重之际，蔚来子公司收购芯片制造商股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO":0.9},"content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. 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Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-19 15:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184805798","content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5271281,"gmtCreate":1626771088761,"gmtModify":1663231208026,"authorId":3578317743201170,"author":{"id":3578317743201170,"authorId":3578317743201170,"name":"JS69","avatar":"https://static.tigerbbs.com/78bf647013544da6af5bae452155d52e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":178035277,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"EN"},{"id":171255707,"gmtCreate":1626747483009,"gmtModify":1703764385945,"author":{"id":"3568861531931848","authorId":"3568861531931848","name":"rae90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Great job nio","listText":"Great job nio","text":"Great job nio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171255707","repostId":1184805798,"repostType":2,"repost":{"id":"1184805798","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626679322,"share":"https://www.laohu8.com/m/news/1184805798?lang=&edition=full","pubTime":"2021-07-19 15:22","market":"us","language":"en","title":"Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1184805798","media":"Benzinga","summary":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a uni","content":"<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-19 15:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184805798","content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5268338,"gmtCreate":1626747525967,"gmtModify":1663231195135,"authorId":3577619205438357,"author":{"id":3577619205438357,"authorId":3577619205438357,"name":"Stylerz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171255707,"type":1,"supId":0,"prevId":0,"content":"yes good potential","text":"yes good potential","html":"yes good potential"}],"langContent":"EN"},{"id":171255024,"gmtCreate":1626747452568,"gmtModify":1703764384806,"author":{"id":"3577619205438357","authorId":"3577619205438357","name":"Stylerz","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171255024","repostId":1184805798,"repostType":2,"repost":{"id":"1184805798","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626679322,"share":"https://www.laohu8.com/m/news/1184805798?lang=&edition=full","pubTime":"2021-07-19 15:22","market":"us","language":"en","title":"Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1184805798","media":"Benzinga","summary":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a uni","content":"<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-19 15:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184805798","content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5268331,"gmtCreate":1626747512197,"gmtModify":1663231192759,"authorId":3568861531931848,"author":{"id":3568861531931848,"authorId":3568861531931848,"name":"rae90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171255024,"type":1,"supId":0,"prevId":0,"content":"<u>hodl</u>","text":"<u>hodl</u>","html":"<u>hodl</u>"}],"langContent":"EN"},{"id":171252479,"gmtCreate":1626747434091,"gmtModify":1703764384480,"author":{"id":"3568861531931848","authorId":"3568861531931848","name":"rae90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good job nio","listText":"Good job nio","text":"Good job nio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171252479","repostId":1184805798,"repostType":2,"repost":{"id":"1184805798","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626679322,"share":"https://www.laohu8.com/m/news/1184805798?lang=&edition=full","pubTime":"2021-07-19 15:22","market":"us","language":"en","title":"Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1184805798","media":"Benzinga","summary":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a uni","content":"<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-19 15:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184805798","content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171234859,"gmtCreate":1626745683671,"gmtModify":1703764316532,"author":{"id":"3578967818815253","authorId":"3578967818815253","name":"LHJarsenal","avatar":"https://static.tigerbbs.com/a0d7e1e2167d189c3611e1bcef48e104","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Like n comment.&nbsp;","listText":"Like n comment.&nbsp;","text":"Like n comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171234859","repostId":1184805798,"repostType":2,"repost":{"id":"1184805798","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626679322,"share":"https://www.laohu8.com/m/news/1184805798?lang=&edition=full","pubTime":"2021-07-19 15:22","market":"us","language":"en","title":"Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1184805798","media":"Benzinga","summary":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a uni","content":"<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-19 15:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184805798","content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5271195,"gmtCreate":1626770519183,"gmtModify":1663231208046,"authorId":3573472992263411,"author":{"id":3573472992263411,"authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171234859,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":173782091,"gmtCreate":1626687138513,"gmtModify":1703763352587,"author":{"id":"3574646370578928","authorId":"3574646370578928","name":"BryanAGX","avatar":"https://static.tigerbbs.com/eae84f1b2ced261b8f6d4dc6f27782bf","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173782091","repostId":1184805798,"repostType":2,"repost":{"id":"1184805798","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1626679322,"share":"https://www.laohu8.com/m/news/1184805798?lang=&edition=full","pubTime":"2021-07-19 15:22","market":"us","language":"en","title":"Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1184805798","media":"Benzinga","summary":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a uni","content":"<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Subsidiary Buys Stake In Chipmaker Amid Crippling Global Semiconductor Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-19 15:22</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>A subsidiary of Chinese electric vehicle maker<b>Nio Inc.</b>&nbsp;NIO 0.05%&nbsp;has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.</p>\n<p><b>What Happened</b>: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.</p>\n<p>Nio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).</p>\n<p>Weiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.</p>\n<p><b>Why It Matters</b>: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.</p>\n<p>More industry voices are now indicating the shortages could spill over to next year and requires investment. In April,<b>Intel Corp.</b>INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.</p>\n<p>It wasreportedin October last year that Nio is planning to embark on in-house R&amp;D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.</p>\n<p><b>Price Action</b>: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184805798","content_text":"A subsidiary of Chinese electric vehicle makerNio Inc. NIO 0.05% has acquired a small stake in a unit of Shanghai-listed AI chip company Cambricon, cnEVpostreportedSunday.\nWhat Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan ($26 million) and bring in investors, as per the report.\nNio’s subsidiary Weiran (Jiangsu) Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million ($630,000).\nWeiran is wholly owned by XPT, NIO's motor business subsidiary, the report noted.\nWhy It Matters: Nio’s acquisition of a stake in a chip company comes amid thecrippling global chip shortagethat has disrupted manufacturing across sectors and even forced global automakers to halt production.\nMore industry voices are now indicating the shortages could spill over to next year and requires investment. In April,Intel Corp.INTCCEO Pat Gelsingerwarnedthat the global semiconductor chip supply shortage could stretch two more years.\nIt wasreportedin October last year that Nio is planning to embark on in-house R&D to develop computing chips for autonomous driving and has set up a separate hardware team, internally named Smart HW, for that purpose.\nPrice Action: Nio’s shares closed more than 2% lower in Friday’s trading at $42.80.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1184805798"}