Apparently there is a lot of hoarding going on with hopes to buy and flip chips for profit. I expect this will be bad news for the hoarders.
Pang has bought 62,000 microcontrollers, chips that help control a range of functions from car engines and transmissions to electric vehicle power systems and charging, which cost the original buyer $23.80 each in Germany.
He's now looking to sell them to auto suppliers in the Chinese tech hub of Shenzhen for $375 apiece. He says he has turned down offers for $100 each, or $6.2 million for the whole bundle, which is small enough to fit in the back seat of a car and is packed for now in a warehouse in Hong Kong.
Kbg wrote: ↑Thu Jul 21, 2022 8:14 am
It's interesting seeing all the dealerships around where I live looking more like used car lots with a factory authorized service center attached.
When I was attempting to help my friend acquire a car we walked the full lot of the local Honda dealership. We did not see any new vehicles. I later talked to someone there and he said that they had four in total. They were in the showroom.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Kbg wrote: ↑Thu Jul 21, 2022 8:14 am
It's interesting seeing all the dealerships around where I live looking more like used car lots with a factory authorized service center attached.
When I was attempting to help my friend acquire a car we walked the full lot of the local Honda dealership. We did not see any new vehicles. I later talked to someone there and he said that they had four in total. They were in the showroom.
I've read a couple of articles that the car manufactures may like it this way as they know that pretty much across the board the dealership experience in buying a new car is not a pleasant one...and since Tesla basically gave the middle finger to all 50 states on dealership laws they are looking to follow. However, it's quite a bit more difficult to do a reset for the older manufacturers.
