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Microsoft's data center in southeastern Wisconsin receives board approval
Plans for a giant Microsoft data center have been approved by village officials in the southeast Wisconsin town that is home to the vast campus of the world's largest electronics manufacturer.
Plans for a giant Microsoft data center have been approved by village officials in the sou...
The Korean Chips Act intends to maintain tax breaks for domestic chip manufacturers
The Korean Chips Act intends to maintain tax breaks for domestic chip manufacturers. A new law has been passed in Korea to help domestic semiconductor manufacturers compete in the global chip weapons race. Pyeongtaek, Gyeonggi Province, Thursday: Construction of a Samsung Electronics semiconducto...
The US commits to investigate the impact of the IRA on Korean EV manufacturers
As per the record US will investigate on the impact of the automakers Inflation Reduction Act on South Korean According to a Korean national security official following a bilateral meeting with his US counterpart on Thursday.
South Korean National Security Adviser Kim Sung-han met with ...
Japanese game maker Nintendo faces serious damage due to chip crunch
The shortage of computer chips has caused a serious problem for the makers of the Nintendo Switch machine, as told by the president of the Japanese video-game maker. Shuntaro Furukawa said that this situation remains extremely tight and the future is uncertain.
Highlights
Xiaomi to invest $10 billion for the mass production of its own cars by 2024
Lei Jun, Xiaomi Chief Executive said that the Chinese smartphone manufacturer will be producing its own cars by 2024, as informed by the spokesperson of the company.
Highlights
- Xiaomi to mass produce its own cars
- The company has done registr...
India resumes vaccine exports as domestic stocks are building up
India has resumed exports of COVID-19 vaccines in small amounts. India is expected to increase exports significantly in the upcoming months, when domestic stocks build up and a large number of adult population in the country is inoculated, according to officials.
Highlights
Nippon Steel files lawsuit against Toyota and Baoshan for patent violation
Nippon Steel Corp. has filed lawsuits against Toyota Motor Corp. and Chinese steelmaker Baoshan Iron & Steel Co. The steelmaker has alleged infringement of a patent which is a key steel product for electric vehicles.
Highlights
- Nippon steel fi...
Apple likely to cut production of iPhone 13 due to chip crunch
Apple might slash production of iPhone 13, due to global chip shortage. The company is likely to slash the production of 10 million units, as per a news report.
HIGHLIGHTS
- Apple shares fall up to 1.2% after trading hours
- Shortage of chips ha...
GM will be making changes in it's supply chain to address semiconductor chip crisis
Highlights
- The company is planning to make changes in its supply chain
- They are planning to develop a direct relationship with the manufacturers
Mary Barra, Co-Chief Executive of General Motors said the automaker is planning to make ...
INDIAN AUTOMOBILE DEALERS WORRIED DUE TO SUDDEN EXITS BY GLOBAL AUTO MAKERS
HIGHLIGHTS
- Automobile dealers are demanding protection from sudden exits by global auto makers.
- FADA wants Indian government to implement system to protect the interests of dealers from sudden exits by multinational manufacturers.
- FADA told...
AUTO SALES IN CHINA ROSE 36.6 PERCENT IN JAN-MARCH PERIOD
Highlights –
- Auto sales in China rose 36.6 percent in the Jan-March period.
- Sales of passenger vehicles increased 38.1 percent year on year.
- Auto sales totaled 2.13 million units in May alone.
- NEV is expected to represent 2...
FSSAI TO GRANT PERPETUAL LICENSES
HIGHLIGHTS
- FSSAI is set to grant perpetual licenses to food makers and restaurants.
- This move is meant to reduce compliance burden.
To reduce compliance burden, the Food Safety and Standards Authority of India (FSSAI) is going to gra...
US MANUFACTURERS GROUP URGE PRESIDENT BIDEN TO COME UP WITH NEW STRATEGY TO COUNTER CHINA
Highlights
• The leading group of manufacturers in the US has urged President Joe Biden to rapidly develop and public release a new strategy that will strengthen the US economy's ability to compete with China
• It further said “Strategic use of legislative ...
AUTO COMPONENT MANUFACTURERS WANT HARYANA GOVERNMENT TO REVOKE LOCAL HIRING LAW
HIGHLIGHTS
- ACMA wants Haryana Government to revoke the law which makes it compulsory for companies to hire 75% of workforce among local people.
- The law also fixes minimum salary for local talent.
The Automotive Component Manufacturer...
S. KOREAN MANUFACTURERS’ DOMESTIC SUPPLY FALLS IN Q4 2020
Highlights –
- S. Korean manufacturers’ domestic supply falls in Q4 2020.
- In the October-December period, the manufacturing domestic supply index stood at 108.3.
- In Q4 2020, the index for consumer goods declined 1.2 percent on-yea...
DIXON SIGNS DEAL WITH ?NOKIA TO MAKE PHONES IN INDIA
HIGHLIGHTS
- Dixon has signed a deal with Nokia.
- Under the terms of deal, Dixon will manufacture Nokia smartphones in Noida.
Padget Electronics a subsidiary of Contract manufacturer Dixon Technologies India Ltd, has signed an agreement...
JAPAN REPORTS RISE IN DOMESTIC SHIPMENTS OF HOUSEHOLD ELECTRICAL APPLIANCES IN 2020
Highlights –
- Japan reports a rise in domestic shipments of household electrical appliances in 2020.
- The shipments were reported to be worth 2.5 trillion yen, up by 1.0 percent.
- Air conditioner shipments sales volume gained 0.6 percent...
SOUTH KOREA IN GRIPS WITH REALITY SECURES COVID-19 VACCINE FOR 44M PEOPLE
- South Korea has arrived at an early lead with access to COVID-19 vaccines developed by four pharmaceutical companies and from a global vaccine project for 44 million people, the health ministry said Tuesday.
- The Ministry of Health and Welfare said it has preordered 64 million d...
JAPAN GOVT. AIM FOR BAN ON SALES OF GASOLINE-ONLY CARS BY MID-2030s
Highlights –
- Japan Govt. to aim for ban sales of gasoline-only cars by mid-2030s.
- Japan aims to promote all-electric, fuel cell, gasoline-electric, and plug-in hybrid cars.
- In 2019, the domestic sale of lower-or-zero-emissions cars, i...
SAMSUNG AND SK HYNIX SEEK ALTERNATIVE TO HUAWEI TO QUELL LOSSES
- U.S. sanctions on Huawei are likely to affect the fourth-quarter profits of Samsung Electronics and SK Hynix, and so the two semiconductor titans are seeking alternative smartphone manufacturers to gain lost ground over lost sales to the Chinese tech behemoth.
- Huawei is one of ...