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Semiconductors
SK Hynix to build advanced plant in Indiana in boost to US chip self-sufficiency
...South Korean chipmaker SK Hynix has chosen the state of Indiana for a cutting-edge facility in the US that will give a major boost to the Biden administration’s efforts to bring more of the AI chip supply...
February 1, 2024
Live news: Moscow threatens to downgrade ties with US if Russian assets are confiscated
Toyota to invest $1.4bn in Indiana for EV production
...The string of deals in Indiana reflect a boom in industrial development across the US....
April 25, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
News updates from April 3: Iger defeats Peltz in Disney proxy war; Eurozone inflation falls to 2.4%
Korean chipmaker SK Hynix to invest $4bn in Indiana plant
...The White House said the news furthered the administration’s goal of boosting US chip manufacturing capacity, as set out in the 2022 Chips and Science Act....
April 3, 2024
Inside BusinessKana Inagaki
Oil and water: why Nissan and Honda are setting aside their rivalry
...Despite this bold target, Honda has been one of the slowest of the big carmakers to roll out EVs....
April 9, 2024
Electric vehicles
Honda and Nissan to join forces to survive electric vehicle race
...The Japanese government figures had tried to bring Nissan and Honda together for merger talks at the end of 2019, amid fears that Japan’s vast car manufacturing base was losing its edge as the shift towards...
March 15, 2024
News updates from March 25: Boeing CEO to step down; UN Security Council calls for Gaza ceasefire
Nissan to cut production costs to make EVs more competitive with Chinese rivals
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent as the Japanese carmaker turns to new partnerships and manufacturing methods to counter the rising threat from Chinese...
March 25, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Micron
Micron secures $13bn in US support to expand chipmaking capacity
...The Biden administration aims for 20 per cent of leading-edge chips worldwide to be made in the US by the end of the decade, as it seeks to shift the manufacturing of critical chips away from Asia....
April 25, 2024
The Big Read
Is South Korea’s economic miracle over?
...Some see in the coming AI era an opportunity for South Korea to lift its sights beyond manufacturing and the preservation of its biggest players....
April 22, 2024
Inside BusinessDavid Keohane
Why Nissan needs more than a gamble on solid-state batteries
...Toyota is aiming for as early as 2027, Nissan the year after and Honda by the end of the decade....
April 24, 2024
Eli Lilly & Co
Eli Lilly calls for scrutiny of rival Novo Nordisk’s deal to expand production of weight-loss drug
...David Ricks, the chief executive of the Indiana-based drugmaker, said Novo Nordisk’s acquisition of three manufacturing plants was “unusual” given “a growing concern about control of critical nodes in the...
February 6, 2024
Nissan Motor Co Ltd
Nissan looks for partnerships to cut electric vehicle costs
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent through new partnerships and manufacturing methods, as the Japanese carmaker responds to the rising threat from Chinese...
March 25, 2024
Electric vehicles
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
...battery manufacturing....
April 26, 2024
News updates from February 5: King Charles diagnosed with cancer, McDonald’s blames war on weak sales
Novo Holdings agrees to buy Catalent in $16.5bn deal
...Catalent offers services including “fill finish” operations, the final stage in manufacturing drugs....
February 5, 2024
News in-depthElectric vehicles
Ola Electric heads for two-wheeler IPO in India’s first EV listing
...HSBC estimates that the cost of manufacturing e-scooters is still up to three times higher than a fuel-burning equivalent, while the retail price of an Ola two-wheeler is about Rs120,000 ($1,500) compared...
January 17, 2024
Japanese economy
Japanese workers secure biggest pay rise in three decades
...This article has been amended since publication to correct the spelling of the Japanese Association of Metal, Machinery and Manufacturing Workers chair’s name....
March 13, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Renewable energy
US places bets on European companies in $6bn effort to clean up its heavy industry
...and storage facilities at a plant in Indiana....
March 25, 2024
Special ReportInvesting in America
Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?
...Ann Lathrop, chief strategy officer for the Indiana Economic Development Corporation, says she and Governor Eric Holcomb recently visited Japan to meet executives at Subaru, Toyota and Honda, which all have...
October 26, 2023
Novo Nordisk AS
Novo Nordisk strikes $11bn deal to expand production of weight loss drug
...The plants Novo Nordisk is acquiring from Catalent, which specialises in “fill-finish” operations, or the final stage of manufacturing drugs, are in Indiana, Brussels and Anagni, Italy....
February 5, 2024
LexDriverless vehicles
Driverless cars/Cruise: robotaxi rollout is stop, start, stop Premium content
...It is working with Honda to launch driverless cars in Tokyo by 2026. GM has frequently projected that Cruise revenue could reach $50bn by 2030....
November 16, 2023
Volkswagen AG
Volkswagen becomes latest non-union carmaker to raise US pay
...Workers at Tesla, Toyota, Honda and others are not the enemy — they’re the UAW members of the future.”...
November 22, 2023
Samsung Electronics Co Ltd
Samsung signals end to chip downturn with forecast 10-fold jump in profit
...Lee added that Samsung’s lossmaking chip foundry business was still weighing on the company’s earnings, but he expected the contract manufacturing division to turn profitable in the second half of this year...
April 5, 2024
Due Diligence
Apollo’s expense scandal gets another day in court Premium content
...Will Xi Jinping’s pivot to high-tech manufacturing be enough to boost the country’s economy?...
March 28, 2024
News in-depthSemiconductors
US missing pieces of AI chip puzzle despite TSMC’s $65bn bet
...This month, South Korean memory-chip maker SK Hynix announced it would build an advanced packaging facility in the US state of Indiana to produce “high-bandwidth memory” chips (HBM) — made by stacking memory...
April 11, 2024
UK manufacturing
UK car industry ‘back in the game’ after £24bn investment pledged in single year
...While UK car production peaked at more than 1.6mn before the Brexit vote in 2016, the closure of Honda’s Swindon plant in 2021 and JLR’s downsizing strategy mean the country can make up to 1.1mn cars a year...
January 25, 2024
Automobiles
Emboldened US union launches membership drive across 13 carmakers
...Honda said: “We do not believe an outside party would enhance the excellent employment experience of our associates.”...
November 30, 2023

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