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Musk’s wealth skyrocketed over the past few years thanks to his majority ownership of his electric car company Tesla, which increased in value substantially since 2020. SpaceX also has helped Musk’s net worth skyrocket and could catalyze even more growth in the next two years. ” Credit: @Gf4Tesla/Twitter.
The company has been working on advancing its process technologies, including the development of smaller nanometer nodes, to compete with other leading semiconductor manufacturers globally. Changes in international relations can impact the ability of companies like SMIC to operate on a global scale.
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