Tag - manufacturing

 
 

MANUFACTURING

U.S. President Joe Biden disembarks from Air Force One upon arrival at Dover Air Force Base in Dover, Delaware, on Friday.
BUSINESS / Companies
Sep 28, 2024
Biden still opposes Nippon Steel deal's bid for U.S. Steel
The remarks threw cold water on hopes by deal supporters that the proposed tie-up could get a green light from a key review committee.
A Toyota Rav-4 Prime charges at an electric vehicle charging station in New York on Sept. 3. Toyota's sales fell again in August after declines in Japan and China put an end to a short-lived recovery.
BUSINESS / Companies
Sep 27, 2024
Toyota production falls on vehicle safety scandals and U.S. recalls
Global output, including that of subsidiaries Daihatsu Motor and Hino Motors, dropped in August by 12.6% from a year earlier
Toshiki Kawai, chief executive officer of Tokyo Electron
BUSINESS / Companies
Sep 27, 2024
Tokyo Electron prepares for India expansion as Modi lures chipmakers
India is amping up efforts to attract international electronics companies and chipmakers to set up facilities within its borders.
Boeing signage outside the company's manufacturing facility in Renton, Washington state, on Sept. 12
BUSINESS / Companies
Sep 26, 2024
Boeing strike leaves plane deliveries up in the air for Asian airlines
Aviation’s supply chain is still fractured from the COVID-19 pandemic, and Asian carriers are struggling to get enough aircraft to meet demand.
U.S. Steel said an arbitration board had ruled in favor of Nippon Steel's $14.9 billion buyout of the company.
BUSINESS / Companies
Sep 26, 2024
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 billion buyout
Nippon Steel had paid a hefty premium to clinch the deal for U.S. Steel on a bet that it could benefit from U.S. President Joe Biden's infrastructure spending bill.
A semiconductor wafer at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, Taiwan, in 2022
BUSINESS / Tech
Sep 23, 2024
TSMC and Samsung weigh adding chip factories in UAE, WSJ says
Projects of the scale under consideration could cost more than $100 billion to complete and may not come to fruition, the paper reported.
Taiwan Semiconductor Manufacturing Co.’s plant in Kikuyo, Kumamoto Prefecture. The chipmaker is building a second plant in the prefecture that is scheduled to commence production in 2027.
BUSINESS / Companies
Sep 19, 2024
Third TSMC plant in Japan remains up in the air 
Taiwan Minister of National Development Liu Chin-ching, who is on TSMC’s board, says it hasn't been decided yet.
A United Steelworkers sign is seen outside the Great Lakes Works U.S. Steel plant in River Rouge, Michigan.
BUSINESS / Companies
Sep 18, 2024
U.S. decision on Nippon Steel bid pushed back until after election
The move offers a ray of hope for the companies, whose proposed deal appeared set to be blocked on national security grounds.
Rapidus' new semiconductor plant under construction in Chitose, Hokkaido, in July
BUSINESS / Companies
Sep 18, 2024
New high-profile chip plants driving up nearby land prices across Japan
Expectations for growth in demand for semiconductors has boosted demand for commercial and industrial plots, and housing.
Nippon Steel may be interested in buying the troubled Italian steel plant formerly known as Ilva, Il Sole 24 Ore reported on Saturday, without saying where it got the information.
BUSINESS / Companies
Sep 14, 2024
Nippon Steel may bid for Italy’s ex-Ilva plant, report says
Representatives of Italy’s government and Japan’s embassy discussed the potential offer last week, the newspaper said without revealing its source.
The construction site of the Rapidus chip factory in Chitose, in the northern prefecture of Hokkaido. The Rapidus chip factory in Chitose is a collaboration with IBM and backed by billions of dollars in government funding.
BUSINESS / Tech
Sep 14, 2024
Japan tries to reclaim its clout as a global tech leader
To do this, Japan is working with foreign tech leaders — an outward-looking, collaborative approach that decades earlier would have been unthinkable.
A water tower at the United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4
BUSINESS / Companies
Sep 14, 2024
Biden administration is likely to delay decision over U.S. Steel
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
Nippon Steel headquarters in Tokyo
BUSINESS / Companies
Sep 13, 2024
Nippon Steel and U.S. Steel send letter to Biden on merger plans
A spokesperson did not provide details about the letter's content, but said it was signed by the chief executives of both steelmakers.
Nippon Steel argues that its acquisition of U.S. Steel would be a win-win.
BUSINESS / Companies
Sep 12, 2024
Quiet assurances mooted as U.S. Steel deal shakes global order
Analysts and informed observers have been gaming out the possible outcomes and adding up the potential damage.
Panasonic’s 4680 cylindrical lithium-ion cell
BUSINESS / Companies
Sep 9, 2024
Panasonic ready to start making next-gen EV cells at Japan plant
The site will become the main facility for production of Panasonic’s 4680 cylindrical lithium-ion cell with output beginning as soon as a final evaluation is completed.
The Chinese government will remove the last remaining limits on overseas investments in the manufacturing sector starting from Nov. 1 and cut its list of areas that are restricted for foreign investors, according to a statement from the National Development and Reform Commission posted on Sunday.
BUSINESS
Sep 8, 2024
China opens manufacturing, health care sectors to foreign money
Beijing will remove the last limits on overseas investments in the manufacturing sector from Nov. 1 and cut its list of areas that are restricted for foreign investors.
A mock-up of Toyota's next-generation Li-ion batteries for battery electric vehicles
BUSINESS / Companies
Sep 6, 2024
Japan to provide new subsidies for domestic EV battery output
Handing out more subsidies will help expand the country's production capacity for storage batteries by around 50%.
Nippon Steel has responded to the U.S. government concerns by saying it will invest billions of dollars to maintain and boost U.S. Steel facilities that otherwise would have been idled, "indisputably" allowing it to "maintain and potentially increase domestic steelmaking capacity in the United States."
BUSINESS / Companies
Sep 6, 2024
U.S. fears Nippon Steel's bid for U.S. Steel could hit vital steel supply
The U.S. government is concerned that U.S. Steel would be less likely to seek tariffs on foreign steel importers if it is under the ownership of the Japanese steelmaker.
The U.S. Steel Irvin Plant in Pennsylvania
BUSINESS / Companies
Sep 6, 2024
Union chief assails U.S. Steel CEO and calls deal for company flawed
United Steelworkers President David McCall said he didn’t think the future of U.S. Steel hinged on Nippon Steel buying the company.
Nippon Steel's proposed acquisition of U.S. Steel is opposed by politicians across the political spectrum, including both Republican and Democratic presidential candidates — Vice President Kamala Harris and former President Donald Trump.
BUSINESS / Companies
Sep 5, 2024
Japan miffed but reaction muted after shocking twist to U.S. Steel deal
U.S. President Joe Biden is set to reject Nippon Steel's acquisition of the American steelmaker, according to multiple unconfirmed reports released in recent days.

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