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...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...Around the same time, Apple approached both Nissan and Hyundai about collaborating on the project, the Financial Times reported, potentially tapping into the carmakers’ manufacturing knowledge....
...Then, GLP-1 anti-obesity drugs hit the market, long-time spokesperson and board member Oprah Winfrey announced her departure, and the company’s credit rating was downgraded....
...of President Xi Jinping’s bet on manufacturing....
...The House in March overwhelmingly backed a bill to force ByteDance, the Chinese owner of TikTok, to divest it within 180 days or else app stores would be banned from distributing it....
...But the Biden administration has now confirmed it will offer Taiwan Semiconductor Manufacturing Co, the chip powerhouse making key AI chips and processors for Nvidia, Apple and AMD, some $6.6bn in grants...
...But the gap between the stronger services sector and the struggling manufacturing industry is widening....
...Republican and Democratic lawmakers have introduced legislation that would ban app stores from distributing TikTok unless ByteDance, its Chinese owner, divests control of the popular video-sharing platform...
...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....
...Apple has invested at least $1bn in microLED R&D and even made a push into the actual manufacturing of the cutting-edge display technology....
...That’s the lesson to be drawn from a spectacular ding-dong between two of the country’s financial titans, 72-year-old Yoshitaka Kitao and 64-year-old Yoshiaki Murakami, the FT’s Leo Lewis writes....
...He had previously said the Model 2 would require a new “revolutionary manufacturing system” at factories in Austin, Texas, as well as in Mexico....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...At the moment, the retail titan mainly sells ads on its websites, apps and self-checkout screens in stores....
...Global titans including Apple and Tesla are beating a path to its door, lured by a rising consumer class and the country’s promise as a potential manufacturing powerhouse outside China....
...On Tuesday, three titans — Disney, Warner Brothers Discovery and Fox — announced yet another streaming service. The trio will provide their live sports content via one streaming platform....
...China dominates manufacturing, making more than half of all electric or plug-in hybrid cars, compared with just 10 per cent of traditional engine-driven vehicles....
...“Treasury is taking sweeping action with our colleagues in law enforcement to expose and disrupt a network responsible for manufacturing and distributing illicit drugs, including fentanyl and other substances...
...Amid rising geopolitical tensions, Cook has become a frequent visitor to China, a key market and huge manufacturing base for Apple products....
...“The company’s rebound hasn’t kept pace with the big tech titans,” said Insider Intelligence principal analyst Jasmine Enberg....
...The bill would ban app stores from distributing TikTok unless ByteDance divests the app within 180 days after passage....
...The US House of Representatives has voted overwhelmingly to approve a bill that would ban app stores from distributing TikTok if its Chinese owner does not divest ownership of the video-sharing platform....
.... ©2024 Nikkei Inc. All rights reserved....
...Throwing more resources at moonshots might be encouraging for those who see Tesla’s car manufacturing business as the stub of a Jetson’s-based investment case but everyone else is likely to be “increasingly...
...The downturn in the eurozone’s struggling economy is easing, according to a closely tracked business survey, which found a stabilisation of activity at services companies offset a steep decline in manufacturing...
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