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...In total, 23 US biotechs have flagged their reliance on WuXi production facilities in annual reports since the start of March, according to data from AlphaSense....
...SK Hynix’s investment suggests US efforts to reduce dependence on Taiwan-based manufacturing are beginning to bear fruit....
...Meanwhile, the pandemic exposed Australia’s reliance on imports in areas such as medicine and car parts....
...Saab said that in the long run, companies might have to consider alternative ways of manufacturing critical materials to secure Europe’s “ammunition ecosystem”....
...“While the UK’s reliance on EU trade has diminished somewhat, the EU remains by far our largest and most important trading partner, and that won’t change for the foreseeable future,” he added....
...The funding will go towards two new manufacturing plants in Clay, New York, as well as a plant in Boise, Idaho, where Micron has its headquarters....
...Beyond China’s shores, many experts and government officials view the prospect of Beijing’s increased reliance on manufacturing for growth as an emerging threat....
...This will reduce reliance on a small number of East Asian suppliers — today nearly all cutting-edge processors are made in Taiwan....
...The US hopes the TSMC deal will mean that some of the most advanced chips used in AI could be partly made in the US by the end of the decade, reducing the reliance of chipmakers such as Nvidia and AMD on...
...“The labour force is decreasing due to the low birth rate,” said Choi, suggesting that South Korea needed to reduce its concentration on the capital, Seoul, and its reliance on manufacturing and the country...
...I was told that the output of the factory fills between four and seven 53-foot semi-trailers a day, depending on size mix (with 1mn units in each trailer)....
...He is also talking to Taiwanese chipmaker Taiwan Semiconductor Manufacturing Co about a partnership to fabricate the chips, they said. OpenAI and TSMC declined to comment....
...Often seen as gatekeepers to outside investors, the likes of Adani, Tata and Ambani’s Reliance Industries hold outsized influence over the economy....
...But demand for the material rocketed as consumer goods companies set targets to cut their reliance on virgin plastics in an attempt to reduce their carbon footprints and plastic waste....
...These are often low-skilled young men employed in agriculture, construction, manufacturing, personal services and trade....
...But if China’s share of global GDP rises over the next decade, driven by a continued reliance on manufacturing, how easily can the rest of the world absorb the country’s expansion?...
...Anant is involved in Reliance’s energy businesses, which range from fossil fuel exploration to developing solar panel manufacturing. The trio “have earned their stripes”, their father said....
...A glut of manufacturing in China is driving this trend, it said....
...“Reducing reliance on China is an easy soundbite for politicians, but the reality is very different,” said Erik Devetak, chief product and data officer at Xeneta....
...Since lockdowns in China caused severe supply chain disruption, international companies have tried to reduce their reliance on “the world’s factory”....
...The IRA included lucrative tax credits to rapidly decarbonise the country’s economy while building out a domestic manufacturing base for clean technologies to reduce reliance on China, the world’s dominant...
...Biden has made efforts to break US reliance on Chinese supply chains and manufacturing capacity central to his administration’s strategy to revitalise US industry and domestic production of critical technologies...
...The US and EU are facing a difficult choice, Setser said, between policies to “de-risk” import reliance on China, and the economic forces that are driving cheap Chinese supply....
...But the agreement on Tuesday showed that even Stellantis, which also buys batteries from China’s BYD, had chosen to deepen its reliance on Chinese technology....
...Reliance on Chinese factories for active pharmaceutical ingredients contributed to sustained shortages of antibiotics in Europe in 2022, partly due to zero-Covid restrictions in China....
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