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...Modi has earmarked billions of dollars’ worth of government subsidies to promote manufacturing, including in critical industries such as EVs, where India’s geopolitical rival China has a strong lead....
...Apple told the FT its move was “a proof point of one of the boldest climate commitments in industry today”....
...But the gap between the stronger services sector and the struggling manufacturing industry is widening....
...Cook pioneered Apple’s shift of its supply chain from the US to China, establishing manufacturing of its iPhones, AirPods, Macs and iPads in the country....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Taiwan Semiconductor Manufacturing Co and Foxconn are not the only Taiwanese tech companies feeling compelled to expand abroad....
...Two of the world’s biggest PC makers plan to step up manufacturing in India this year as the country weighs tightening import restrictions to boost the local tech industry....
...“Europeans are losing this strategic industry,” chief executive Gunter Erfurt told the FT....
...The cancellation comes as the EV industry has slowed in recent months....
...For Orr, “with the innovation that there is in Northern Ireland, and global demand, this will always be an important industry”....
...Canon hopes to start shipments of new low-cost chipmaking machines as early as this year, as the Japanese company best known for its cameras and printers tries to undercut longtime industry leader ASML in...
...Those rumours intensified after it granted Intel $8.5bn to beef up chip manufacturing in the country....
...Apple, however, is so far missing out on much of that broader industry recovery....
...The automotive industry nonetheless expects EVs to become dominant in time as governments push to decarbonise road transport....
...The decline in Europe’s petrochemical industry has been exacerbated by surging prices after Russian export cuts pushed up input costs....
...We got a fresh reminder of this yesterday, with an above-expectations ISM survey showing US manufacturing expanding for the first time in a year and a half....
...Nevertheless, our long-run analysis shows causality relations are evident in a small subset of industries....
...He’s letter comes at a time Brussels and Washington are increasingly concerned about excessive electric vehicle manufacturing capacity in China....
...Most of the Boeing 737-900ERs subject to the latest FAA directive were delivered between five and 17 years ago and would have undergone detailed maintenance inspections since then, according to industry...
...(Ethan Wu) One good read More on China’s pivot to manufacturing....
...Industry experts said it was too early to draw conclusions as to what led to the accident with the 737 Max 9, noting that it was not yet clear whether the blowout was an assembly error from Boeing, a manufacturing...
...Robert Spingarn, an analyst at Melius Research, said that manufacturing errors had risen throughout the industry because Covid changed the composition of the workforce, with older workers departing through...
...In the business world, Japan’s manufacturing industry has been roiled by distressing news since around the end of 2023....
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