Julie Chang

The joint venture was established by the three companies in 2024.

The French carmaker said it'll take full ownership of Flexus and carry the project through completion, overseeing the development of its new fully electric range of light commercial vehicles.

The agreement still needs regulatory approval.

Here's your afternoon TNB Tech Minute for Friday, February 20.

I'm Julie Chang for The Wall Street Journal.

Shares of European companies that supply equipment to produce or assemble semiconductors rose after the U.S.

Supreme Court ruled President Trump's global tariffs are illegal.

Shares of Dutch company ASML Holding, which supplies chipmaking equipment, are up around 0.5%.

Meanwhile, shares of smaller rival ASM International are up around 1%.

And shares of BE Semiconductor Industries, another Dutch company that supplies equipment to assemble semiconductors, are up more than 7.5%.

In July, the EU struck a trade deal with the US that set a 15% tariff ceiling on semiconductor exports.

Google's chips are seeing wider AI adoption, but the company is dealing with several challenges, including manufacturing bottlenecks and limited cloud computing interest.

That's according to people familiar with the matter.

Sources say Google is increasing its financial support to data center partners to expand its potential market.

For instance, the company is in talks to invest around $100 million in cloud computing startup Fluidstack, which would value it at $7.5 billion.

And the U.S.

today welcomed India as the newest member of Pax Silica, a group of nations that aims to counter China's influence in new technology and AI.

Here's your morning TNB Tech Minute for Friday, February 20th.

I'm Julie Chang for The Wall Street Journal.

Amazon is now the country's largest company by revenue, surpassing Walmart.