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Former Twitter chairman sues Musk for defaulting on $20 million in stock; former YouTube CEO dies; Avatar 3 officially set

Zhao Yuqian 2024/08/11

summary

BMW recalls more than 100,000 vehicles in the United States, as some models have fire hazards; SMIC: High-end mobile phone chips are almost sold out by domestic manufacturers; CATL CMO: We will never build or sell cars

Former Twitter chairman accuses Musk of defaulting on over $20 million worth of stock

On August 9 local time, Omid Kordestani, former chairman of Twitter (now renamed X), sued the social platform company, claiming that its owner, Tesla CEO Elon Musk, refused to cash in overdue shares worth more than $20 million.

Kordestani served as Twitter's executive chairman from 2015 to 2020 and served on the board for another two years until Musk acquired the platform for $44 billion. Kordestani said in the lawsuit that most of his compensation was in stock, which Musk refused to pay. (Source: Interface News)

Cordestani, former chairman of Twitter

BMW recalls more than 100,000 vehicles in the United States, some models have fire hazards

On August 10, BMW will recall more than 100,000 vehicles in the United States to address the problem of possible overheating of the starter motor. It is reported that the recall involves 14 models including the 2019 and 2020 BMW X5, X7, 3 Series, and 7 Series. US regulators said that if the starter motor fails, repeated attempts to start the vehicle may cause the starter motor to overheat, and in the worst case, it may cause a fire in the engine compartment. (Source: Cailianshe)

US congressmen wrote to Tesla chairman: worried that Musk would abuse Tesla resources to profit for his own companies

Massachusetts Democratic Senator Elizabeth Warren today wrote to Tesla Chairwoman Robyn Denholm, asking whether the board has investigated whether its CEO Elon Musk has used company resources to benefit other businesses, including SpaceX and xAI.

Warren said in the letter: "Tesla's board of directors appears to have failed to fulfill its fiduciary responsibility to Tesla shareholders and has not resolved the obvious conflicts of interest of the company's CEO Musk." In addition to Tesla, Musk also runs the social platform X, the brain-computer interface company Neuralink and the tunnel construction company The Boring. (Source: Global Market Report)

CATL CMO Luo Jian: We will neither build nor sell cars

On August 10, CATL New Energy Life Plaza officially started in Chengdu, Sichuan.

"CATL will definitely not make cars. This is certain and will definitely be implemented." CATL CMO Luo Jian, who attended the opening ceremony of CATL New Energy Life Plaza, made a clear statement on whether CATL would make cars. (Source: Shanghai Securities News)

SMIC: High-end mobile phone chip production capacity is in short supply and has been almost bought up by domestic manufacturers

​On August 10, China's leading wafer foundry SMIC released its second quarter 2024 financial report yesterday, with sales revenue of US$1.9013 billion (Note: currently approximately RMB 13.635 billion), estimated at US$1.84 billion, a year-on-year increase of 21.8%.

SMIC's second-quarter sales revenue and gross profit margin were both better than the previous performance guidance, which also reflects the logic of the semiconductor industry's recovery. In the second quarter, SMIC's capacity utilization rate increased significantly, and monthly production capacity also increased.

Dr. Zhao Haijun, co-CEO of SMIC, said at the company's earnings conference that domestic chip manufacturers have almost no inventory of chip products needed for high-end smartphones, whether DDIC or CMOS, and the supply is insufficient to meet the demand this year. Therefore, it is expected that the demand for related products in Q4 will continue to grow. For other commonly used chips such as Wi-Fi, the demand in Q4 depends on whether manufacturers want to prepare stocks in advance for the coming year. (Source: IT Home)

Former Google executive and former YouTube CEO Susan Wojcicki dies

On August 9, local time, former YouTube CEO Susan Wojcicki passed away at the age of 56. Her husband Dennis Troper announced the news on the social media platform.

Wojcicki joined Google in 1999 as the company's first marketing chief and led the initial development of Google Image Search. In 2014, Wojcicki was named CEO of YouTube. She resigned in 2023 but remained an advisor to the company.

On the evening of the 9th, Pichai, CEO of Google and Alphabet, posted a message on the X platform to mourn Wojcicki, saying: "My dear friend Susan Wojcicki has been fighting cancer for two years. I am very sad about her death. She was a core figure in Google's history. It is hard to imagine what the world would be like without her." (Source: Jiemian News)

iPhone 16 enters critical period of stocking: Foxconn is hiring massively, with long lines for interviews

According to Fast Technology on August 10, the countdown to the release of Apple's new iPhone 16 series has begun.Foxconn has entered the peak season for stocking up and is aggressively recruiting.According to media reports, the hourly wage of hourly workers at Foxconn Zhengzhou Technology Park has been raised by 2 yuan, and the rebate for rebate workers (who need to clock in for 90 days) has been raised by 200 yuan. Currently, there are basically long queues of people who are interviewed every day, and the intermediary said that "90% of the interviewees can pass."

The industry estimates that the initial stock of new iPhone 16 series phones is expected to increase by 10% year-on-year to 90 million units, and may even reach 95 million units, which will help the iPhone-related supply chain such as Hon Hai, TSMC, and Largan to perform well in the second half of the year. (Source: Fast Technology)

New patent suggests Apple is exploring the future of note-taking apps, using AI to let users record beautiful moments

According to the latest list published by the United States Patent and Trademark Office (USPTO), Apple has applied for a new patent, suggesting that its Notes app will soon introduce Apple Intelligence upgrades. The media interpreted this patent and believed that Apple hopes to provide a more personalized and intimate Notes experience by deploying Apple Intelligence.

For example, when users complete their daily exercise or take multiple photos at the same location, the system will actively ask users to record this memory in the Notes app. In addition, Apple also plans to integrate the Notes app with calendar events and reminders.

It is worth mentioning that in this latest patent, Apple showed a new timeline interface. Users can view events that happened on the same day like chatting, instead of just displaying cards with covers and small text. (Source: Zhongguancun Online)

BYD's first pickup truck SHARK may be launched in China

On August 10, a blogger who has a close relationship with BYD, "Xiang Bei Bu Ding Dian", posted two domestic preview photos of BYD's first pickup truck SHARK yesterday, indicating that this car will be launched in the domestic market. Prior to this, BYD SHARK had already been launched in Mexico in May. (Source: IT Home)

Avatar 3 is officially scheduled to be released on December 19, 2025

On August 10, the official title of James Cameron's film "Avatar 3" was confirmed to be "Avatar: Fire and Ash". The film is the third film in the "Avatar" series and is expected to be officially released on December 19, 2025.

At the D23 event, James Cameron also revealed that the film has high emotional risks (the emotions of the characters may be greatly affected in the story) and unexpected twists.

It is worth mentioning that in an interview in November 2023, James Cameron revealed that "Avatar 3" has entered a busy post-production stage and is expected to take two years to produce. For this reason, the film is scheduled for December 2025.

The third film has richer emotional colors than the first two, and there will be new cultures, biomes and environments on Pandora that have never been seen before. (Source: Fast Technology)

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