Locator: 46845B.
LCID gets $1 billion from Saudi affiliate. LCID jumped as much as 8% yesterday.
GM. take a look at the ticker over the past six months. Then check the 5-year.
Chips: Nvidia sees huge investment in Indiana. Tag: Purdue University. Link here.
South Korea’s SK Hynix plans to invest roughly $4 billion to build an advanced chip-packaging facility in West Lafayette, Indiana, a boost to the Biden administration’s ambitions to restore America’s standing as a semiconductor power.
The SK Hynix facility, with nearby access to Purdue University, home to one of the U.S.’s biggest semiconductor and microelectronics-engineering programs, is expected to create around 800 to 1,000 new jobs, the people said. A mix of state and federal tax incentives and other forms of support are expected to be made available to help finance the project.
Operations could begin in 2028.
SK Hynix, one of the world’s largest chip makers by revenue, has seen its profile skyrocket during the latest artificial-intelligence boom. It dominates in the so-called “high-bandwidth memory,” or HBM, market, with SK Hynix currently serving as the exclusive partner to Nvidia’s most advanced graphic-processor units. The two types of chips get bundled together, enabling faster data-processing speeds critical to generative AI tools, such as OpenAI’s ChatGPT.
HBM: Huang on Cramer said his chip production is constrained by paucity of HBM chips. Tech is tracked here. This is huge.
Krispy Kreme and McDonals’s. Whoo-hoo.
Larry Fink. Lost his credibility years ago. 2017.
Enbridge: link here. Better link. Apparently, “unexpected.”
Sham rule: link here. Largely mirrors the election map. Many blue states are crumbling.
Personal investing: added to my positions in AAPL and DVN at the open. No recommendations. See disclaimers.
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Back to the Bakken
WTI: $82.22.
Wednesday, March 27, 2024: 137 for the month; 196 for the quarter, 196 for the year
39722, conf, WPX, Bull Moose 28-27HS,
39642, conf, Oasis, Streamsong 5502 11-17 2B,
39249, conf, Whiting, S-Bar Carmen 5393 34-1 2B,
40112, conf, CLR, Lundberg Federal 6-8H,
39723, conf, WPX, Bull Moose 28-27HF,
RBN Energy: US sees 45V tax credit clearing the way for clean hydrogen, but barriers remain.
The Biden administration has placed some big bets on clean hydrogen, seeing it as a replacement fuel for some hard-to-abate industries and putting it at the heart of its long-term decarbonization efforts. But while clean hydrogen has significant long-term potential — backed by major subsidies, including the 45V production tax credit (PTC) — figuring out a path to a greater role in the U.S. energy mix is more complicated than it might seem. The proposed rules around the tax credit have stirred up a hornet’s nest worth of criticism from those who think the guidance might ultimately do more harm than good. In today’s RBN blog, we’ll preview our latest Drill Down Report on the incentives — primarily the 45V tax credit — intended to expand the clean hydrogen industry and examine some of the barriers to significant growth.
Development of a clean-energy economy was a key plank in President Biden’s campaign platform four years ago and it has remained a priority since he took office in January 2021. With a focus on the short-term changes necessary to make any long-term goals viable, Biden set out some ambitious 2030 targets: at least 80% of U.S. power generated by renewable sources, a 50%-52% reduction (from 2005 levels) in greenhouse gas (GHG) emissions, and production of 10 million metric tons per annum (MMtpa) of clean hydrogen (ramping up to 20 MMtpa by 2040 and 50 MMtpa by 2050).
Consider Coal , as the Usage of Elec for AI is Huge. don https://www.bloomberg.com/news/articles/2024-03-26/ai-will-suck-up-500-more-power-in-uk-in-10-years-grid-ceo-says
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