Tag - manufacturing

 
 

MANUFACTURING

An Ariens Company employee works on the assembly line at the company's plant in Brillion, Wisconsin.
BUSINESS / Companies
Apr 5, 2024
U.S. employment boom leaves factory workers behind
There is a stark contrast between U.S. factory employment and the four-year boom in the wider job market
Japan will provide ¥590 billion in additional subsidies to chip venture Rapidus.
BUSINESS / Companies
Apr 2, 2024
Japan approves extra ¥590 billion in aid to chip startup Rapidus
The additional funding will help Rapidus buy chipmaking equipment and also develop advanced back-end chipmaking processes.
Akira Amari, a senior Liberal Democratic Party lawmaker, says Nippon Steel’s acquisition of United States Steel would help counter China’s dominance in steel-making.
BUSINESS / Economy
Apr 2, 2024
Japanese lawmaker says U.S. steel deal would help counter China risks
The $14.1 billion deal would be a win-win for both companies and both economies, said former minister Akira Amari.
Employees work at a factory that produces LED displays in Huaian, in eastern China's Jiangsu province, on Thursday.
BUSINESS / Economy
Mar 31, 2024
China factory activity expands for first time in six months
The official manufacturing purchasing managers index rose to 50.8 from 49.1 in February, the National Bureau of Statistics said in a statement Sunday.
U.S. Steel's Edgar Thomson Works facility is seen in Braddock, Pennsylvania. A group of automakers have warned that a deal by steelmaker Cleveland Cliffs for U.S. Steel could "drive up the cost of both steel and e-steel, and ultimately increase the cost of finished vehicles (including EVs) for American consumers."
BUSINESS / Companies
Mar 30, 2024
Automakers urge White House to oppose U.S. Steel sale to Cleveland-Cliffs
Cleveland-Cliffs has said it would consider another bid for U.S. Steel if the deal with Nippon Steel — opposed by President Joe Biden — falls apart.
Mitsubishi Heavy Industries scrapped the development of its regional jet last year, after 15 years of effort.
BUSINESS / Economy
Mar 28, 2024
Japan really wants to build airplanes, $33 billion project shows
The Ministry of Economy, Trade and Industry is aiming to introduce a new aircraft by 2035.
Tesla Model 3 assembly line at Tesla's factory in Fremont, California, in 2018. Before the Shanghai plant opened, Fremont was Tesla’s principal factory.
BUSINESS / Companies
Mar 27, 2024
A pivot to China saved Elon Musk. It also binds him to Beijing.
Musk is now treading a fine line, sounding the alarm about Chinese rivals, even as he remains reliant on the Chinese market.
Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok in 2023.
BUSINESS / Companies
Mar 25, 2024
Chinese EV makers to take center stage at Bangkok motor show
The popularity of Chinese EVs in Thailand underscores the growing challenge Japanese auto giants face in a vehicle market they have long dominated.
Japanese automakers explore a unified approach and industry consolidation to stay competitive in the global EV market.
COMMENTARY / Japan
Mar 19, 2024
As China’s EVs approach, Japan’s carmakers must step on the gas
China sees an opportunity to dominate, and just as it did with sectors from steel to solar panels, it’s unlikely to always play fair.
Takahiro Mori, Nippon Steel's executive vice president, said the company will move its U.S. headquarters to Pittsburgh if it succeeds in acquiring U.S. Steel.
BUSINESS / Companies
Mar 19, 2024
Nippon Steel pledges to move U.S. HQ to U.S. Steel's Pittsburgh
The Japanese steelmaker will move its existing headquarters in the U.S., which is in Houston, in addition to keeping U.S. Steel's headquarters.
White House National Security Council spokesman John Kirby speaks during a press briefing at the White House in Washington on Friday.
BUSINESS / Companies
Mar 16, 2024
Top Biden official says stance on U.S. Steel deal doesn't hurt U.S.-Japan ties
U.S. National Security Council spokesman John Kirby said Biden's opposition to the U.S. Steel deal "doesn't take away one thing" from the relationship.
A U.S. flag flies near the United States Steel Clairton Coke Works facility in Clairton, Pennsylvania, on Friday.
BUSINESS / Companies
Mar 16, 2024
U.S. Steel says Nippon Steel deal expected to close later this year
The filing with exchanges comes at a time when the Japanese firm's $14.9 billion deal to buy the 122-year-old U.S. steelmaker faces heightened scrutiny.
Makoto Uchida (left), president and CEO of Nissan, and Honda President Toshihiro Mibe give a joint news conference in Tokyo on Friday to announce a new strategic partnership in electric vehicles.
BUSINESS / Companies
Mar 15, 2024
Nissan and Honda to explore electric vehicle partnership
Analysts said the move was aimed at catching up with Chinese rivals who have stolen a march in EVs while Japanese firms have lost ground.
A student at Hanoi University of Science and Technology looking at a printed circuit board in the school's lab in Hanoi.
ASIA PACIFIC / Society
Mar 15, 2024
The Gen-Z students at the heart of Vietnam's chip plans
Long viewed as a low-cost destination to make clothes, shoes and furniture, the country is now eyeing a rapid climb up the global supply chain.
U.S. President Joe Biden said Thursday that United States Steel should be domestically owned, coming out against Nippon Steel's plan to acquire the company as support from labor unions is becoming more significant for his re-election bid.
BUSINESS / Companies
Mar 15, 2024
Nippon Steel determined to complete U.S. Steel deal
The firm has promised no layoffs or plant closures until at least September 2026.
Many countries including the U.S. and China are prioritizing domestic production and shortening supply chains to enhance economic self-reliance — but they are doing so at the  risk of fueling systemic instability and intensifying great-power tensions.
COMMENTARY / Japan
Mar 10, 2024
Economic self-reliance is a dangerous delusion
Countries around the world have given high priority to shortening supply chains, rebuilding domestic production capacity and diversifying suppliers.
TSMC and other leading-edge chipmakers are engaged in negotiations with the Commerce Department over a pool of about $28 billion in grants targeted for advanced factories.
BUSINESS / Tech
Mar 9, 2024
TSMC to win more than $5 billion in grants for U.S. chip plant
The move would mark a major milestone in U.S. President Joe Biden’s effort to revitalize American semiconductor manufacturing.
Nissan expects kei EV sales to expand, as kei cars are relatively inexpensive compared to regular cars and their size makes them suitable for short-distance trips.
BUSINESS / Companies
Mar 8, 2024
Nissan may bring ultra-compact EV production in-house from 2028, sources say
The automaker is considering moving production to its factory in Kyushu in the business year starting April 2028.
Vehicles on display at a Toyota car dealership in Rio de Janeiro, Brazil
BUSINESS / Companies
Mar 6, 2024
Toyota ups its bet on hybrids in Brazil with $2.2 billion plan
The firm will expand production capacity in Latin America’s largest economy for models that use hybrid-flex fuel technology.
TSMC's new factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Companies
Mar 4, 2024
Japan in the midst of a semiconductor plant construction rush
The government set aside ¥4 trillion between fiscal 2021 and fiscal 2023 for subsidies for helping companies build semiconductor plants.

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