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Supply Agreement

All articles tagged with #supply agreement

energy2 years ago•1 min saved

The Ripple Effect: OPEC's Breakdown and Global Macroeconomic Consequences

The breakdown of OPEC+ talks could have significant macro effects, potentially leading to a sharp decline in oil prices and disinflationary pressures. The main sticking point in the negotiations is country quotas, particularly in Africa. If OPEC+ fails to reach an agreement, there is a risk of material downside in oil prices, potentially falling into the $50s range. This would undermine the argument for "sticky" inflation. Potential trades in response to a breakdown in OPEC could include buying bonds, selling the US dollar, and buying equities. The odds of a breakdown are currently estimated at around 1-2%, but recent OPEC headlines have increased the likelihood.

via ForexLive|

#downside-risk #energy #oil-prices

technology2 years ago•5 min saved

Renesas and Wolfspeed Secure Decade-Long Silicon Carbide Wafer Deal

Renesas Electronics Corporation and Wolfspeed have signed a 10-year wafer supply agreement, with Renesas depositing $2 billion to secure a supply commitment of silicon carbide wafers from Wolfspeed. The agreement supports the adoption of silicon carbide in automotive, industrial, and energy markets and reinforces Renesas' commitment to boost its power semiconductor roadmap. The supply of high-quality silicon carbide wafers will enable Renesas to scale production of silicon carbide power semiconductors starting in 2025. Silicon carbide devices offer higher energy efficiency, greater power density, and lower system costs compared to conventional silicon power semiconductors.

via Yahoo Finance|

#renesas #semiconductor #silicon-carbide

business2 years ago•1 min saved

Aston Martin and Lucid team up for electric vehicle development.

Lucid Group's stock bounced back after a supply agreement with Aston Martin was disclosed, in which the UK-based automaker will pay a $232 million technology access fee to Lucid, including $100 million in shares of Aston Martin and $132 million in cash payments over a three-year period. In turn, Lucid will provide Aston Martin access to its powertrain and battery-system technologies, and Lucid’s powertrain and battery components will be integrated with Aston Martin’s battery electric vehicle (BEV) chassis. The companies’ long-term partnership is subject to approval by Aston Martin shareholders and other conditions.

via MarketWatch|

#aston-martin #business #electric-vehicles