Tag: #manufacturing

India budget signals push beyond phone assembly with ISM 2.0, bigger components incentives

A brief Budget passage and a larger components scheme outlay signal India’s bid to build chips, materials and equipment—not just assemble electronics.

#india, #semiconductors, #electronics, #budget, #manufacturing

Hyundai Steel and POSCO press ahead with $5.8 billion low-carbon steel mill in Louisiana

Korean steel giants plan an ultra-low-carbon mill near Donaldsonville, aiming to supply Hyundai and Kia U.S. plants while raising local and environmental stakes.

#steel, #louisiana, #hyundai, #posco, #manufacturing

Global Manufacturing Sectors Face Contractions Amid Trade Uncertainties

Manufacturing sectors in Europe and Asia experience declines due to weakening demand and trade tensions, posing recovery challenges for 2025.

#manufacturing, #economy, #trade, #Europe, #Asia

Apple Commits Additional $100 Billion to U.S. Manufacturing

Apple boosts U.S. manufacturing with a $100B investment, fostering job growth and tech innovation amid trade tensions.

#apple, #investment, #manufacturing, #us, #technology

China Unveils New Financial Guidelines to Boost Advanced Manufacturing

China's new guidelines target enhanced financial support for manufacturing sectors, aiming to mitigate overcompetition and boost industrial growth.

#china, #manufacturing, #economy, #technology, #finance

U.S. Imposes Universal 10% Tariff on Imports to Combat Trade Deficit

U.S. implements a 10% universal tariff on imports, targeting China with up to 55%, aiming to reduce the $1.2 trillion trade deficit.

#us, #trade, #tariffs, #china, #manufacturing

China's Drive to Overcome Industrial 'Choke Points'

China intensifies efforts to overcome industrial vulnerabilities under "Made in China 2025" for self-sufficiency.

#china, #industry, #technology, #economy, #manufacturing

Federal Reserve Beige Book Highlights Trade-Driven Economic Slowdown

Fed's Beige Book reveals rising costs and slowing growth due to heightened tariffs, affecting sectors like manufacturing and agriculture.

#federalreserve, #tariffs, #economicslowdown, #manufacturing, #agriculture

US Manufacturing Sector Faces Ongoing Decline Amid Escalating Trade Tensions

US manufacturing contracts for third month as tariffs complicate recovery efforts.

#manufacturing, #trade, #tariffs, #economy

U.S. Manufacturing Sector Faces Third Month of Contraction Amid Trade Uncertainties

U.S. manufacturing contracts for third month in May amid trade tensions and supply chain issues, signaling broader economic challenges.

#manufacturing, #trade, #economy, #supplychain, #pmi

TE Connectivity Finalizes $2.3 Billion Acquisition of Richards Manufacturing

TE Connectivity acquires Richards Manufacturing for $2.3B, boosting its role in grid modernization and energy sector growth.

#teconnectivity, #acquisition, #energy, #manufacturing

Eurozone Sees Surprise Business Activity Contraction in May 2025

Eurozone business activity unexpectedly contracts in May 2025, marking a downturn in the services sector.

#eurozone, #businessactivity, #contraction, #servicessector, #manufacturing

Foxconn Invests $1.5 Billion in Indian Subsidiary Amid Apple's Strategic Shift

Foxconn's $1.5B investment in India enhances Apple's manufacturing diversification amid U.S.-China tensions and boosts local economy.

#apple, #foxconn, #india, #manufacturing, #china

NVIDIA to Invest $500 Billion in U.S. AI Chip Manufacturing

NVIDIA plans $500B investment to produce AI chips and supercomputers in the U.S., aligning with CHIPS Act and reducing foreign dependency.

#nvidia, #aichips, #semiconductor, #manufacturing, #usinvestment

Kraft Heinz to Invest $3 Billion to Upgrade U.S. Manufacturing Plants

Kraft Heinz announces a $3B investment to modernize 30 U.S. plants, boosting efficiency amid economic uncertainties.

#kraftheinz, #investment, #manufacturing, #economy