marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
manufacturing
12/05/2024
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By Arsenio Toledo
TRADE WAR: China bans export of raw materials to U.S. for high-tech and military applications
The Ministry of Commerce of the People’s Republic of China (PRC) has announced a ban on exports to the United States of several raw materials that could be manufactured for high-tech and military applications. Among the raw materials that were banned were gallium, germanium and antimony. The Commerce Ministry announced the move after Washington, D.C. expanded […]
10/10/2024
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By Richard Brown
German industrial orders plummet 5.8%, casting doubts on economic recovery
German industrial orders fell significantly more than anticipated in August, raising concerns about the manufacturing sector’s recovery in Europe’s largest economy. The federal statistics office reported a 5.8 percent decline in orders compared to the previous month, adjusted for seasonal and calendar variations. Analysts surveyed by Reuters had predicted a more moderate decrease of 2.0 […]
06/18/2024
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By Ava Grace
Intel HALTS construction of $25B computer chip plant in Israel due to lack of supplies stemming from Red Sea blockade
American computer chip giant Intel Corp. has halted the construction of a $25 billion chip manufacturing plant in Israel. The Israeli newspaper Calcalist first broke the news of the move on June 10, writing that “Intel’s suppliers received in recent days notice of the cancellation of contracts for the supply of equipment and materials required […]
01/10/2024
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By Kevin Hughes
Intel pushes forward with $25 billion investment in Israel amid ongoing war in Gaza
Intel is pushing ahead with a $25 billion investment in Israel, giving a boost to the Middle Eastern nation as its invasion of Gaza begins to take a negative toll on its economy. As part of the contract, Israel’s government will provide Intel with a $3.2 billion grant to expand the American tech manufacturer’s Kiryat […]
06/21/2023
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By Laura Harris
Saudi Arabia signs $5.6 billion deal with China to boost the kingdom’s EV industry
Saudi Arabia has announced its intention to further “collaborate” with China by strengthening its economic ties with the communist nation in the form of a new multi-billion dollar deal that will boost the kingdom’s electric vehicle (EV) industry. Saudi Arabia’s Ministry of Investment inked a $5.6 billion deal with Chinese EV manufacturer Human Horizons to collaborate on […]
05/04/2023
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By Belle Carter
Arizona and Texas to become hubs for EV, battery and semiconductor companies
The states of Arizona and Texas are becoming a hub for makers of electric vehicles (EVs), batteries and semiconductors. LG Energy Solution has announced a $5.5 billion battery manufacturing facility near Phoenix, while Taiwan Semiconductor Manufacturing Co. (TSMC) is investing $40 billion to open the company’s second chip plant in Arizona. “We always had a […]
03/16/2023
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By Belle Carter
Aluminum company Speira closes down German plant
Global aluminum company Speira announced that it will close down its Rheinwerk plant in Germany. According to a Bloomberg report, the closure followed a 50 percent cut in production announced by the company in September 2022. The media outlet added that this serves as “a fresh sign of the damage wrought by an energy crisis that’s […]
02/23/2023
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By Ramon Tomey
Kyocera president: Business model of producing in China and exporting abroad no longer viable
Hideo Tanimoto, president of Japanese chip manufacturer Kyocera, believes the tandem of Chinese production and global exports is “no longer viable.” Tanimoto made the remark during an interview with the Financial Times (FT). “It works as long as [products are] made in China and sold in China. But the business model of producing in China […]
01/07/2023
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By Arsenio Toledo
Samsung Q4 2022 profits DROP 69% due to slowing global economy and plummeting demand for semiconductors
Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022. The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022. The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main […]
12/14/2022
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By Arsenio Toledo
Foxconn spends $500 million to expand manufacturing in India, reduce reliance on tumultuous iPhone plant in China
Taiwan’s Foxconn Technology Group has just announced a $500 million investment to expand its operations in India as it seeks to diversify its supply chain after labor unrest in its massive plant in Zhengzhou, China, disrupted manufacturing. Foxconn is one of the largest electronics contract manufacturers in the world. Its plant in Zhengzhou, known as […]
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