Global R&D Highlights: BMW and Toyota Partner on Hydrogen Cars, Moderna's R&D Spending Raises Concerns
Key Ideas
- BMW and Toyota announced a partnership to develop hydrogen-fueled electric cars, with plans to release hydrogen-powered vehicles in 2028.
- Moderna's high R&D spending has raised concerns among investors, with the company's current spending roughly twice that of other pharmaceutical firms.
- Eaton is establishing a global application engineering center in India, while LEM International expands R&D facilities in Munich and Shanghai.
- Nvidia invests in Applied Digital's AI data centers to support the development of AI-optimized data centers, with a $160 million financing round.
The R&D World Index (RDWI) closed at 3,811.42 for the 25 companies in the index, down -3.99% for the week ending September 6, 2024. BMW and Toyota have partnered to develop hydrogen-fueled electric cars, with plans to release hydrogen-powered vehicles in 2028. LEM International expanded its R&D facilities in Munich and Shanghai, focusing on semiconductor technologies and integrated current sensors. Microsoft's Windows PCs equipped with Qualcomm Snapdragon chips are facing gaming compatibility issues. Eaton announced plans to establish a $24 million global application engineering center in India to cater to its global markets. Nvidia invested in Applied Digital Corporation to develop AI-optimized data centers. Moderna's high R&D spending has raised concerns among investors due to its significant annual spending and projected losses. The Eurozone's economic growth slowed to 0.3% in the second quarter of 2024, down from 0.4% in the first quarter.