The whack-a-mole economy: US manufacturers struggle with unpredictable supplies
Issues that began with the coronavirus pandemic, get worse as high inflation, the Ukraine war, and tension with China continue to disrupt the supply chain.
Micron to cut 10% of workforce, suspend bonuses in 2023
Micron Technology will lay off 10% of its workforce and undergo an aggressive restructuring plan in 2023, citing a "significant supply demand mismatch."
Treasury department delays electric vehicle tax credit changes
The Treasury Department has pushed the issuance of guidance for new electric vehicle tax credit rules from January to March as it continues to develop them.
Redwood Materials joins electric vehicle, battery trek to South Carolina
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield that will recycle, refine and remanufacture cathode and anode materials.
Supply-Chain shortfalls targeted by new bill
Rep. Ro Khanna (D. Calif.) and Sen. Marco Rubio (R. Fla.) are working to reduce supply chain by putting the Government in control of organizing the economy.
Biden admin pushes back against WTO rejection of Trump's tariffs on steel, aluminum
The WTO's rejection of former President Trump's tariffs on imports of aluminum and steel has prompted pushback from the Biden administration and the U.S. steel industry.
Airbus CEO details broad post-crisis industrial hurdles
Energy shortages weigh more heavily in Europe whereas the U.S. industry is more concerned about shortages of labor, Airbus CEO Guillaume Faury said on Thursday.
Tim Cook says Apple will buy U.S.-made chips built at TSMC's Arizona factory
Apple CEO Tim Cook confirmed Tuesday that the iPhone maker would be purchasing U.S.-made semiconductors built at Taiwanese firm TSMC's Arizona factory.
US manufacturing orders in China drop 40% amid COVID-19 lockdowns: report
U.S. manufacturing orders are reportedly down 40% in China as the country grapples with the latest round of stringent COVID-19 lockdowns.
US manufacturing sector contracts in November for first time since 2020
The U.S. manufacturing sector shrank in November for the first time since 2020 as higher interest rates sapped demand for goods, according to an ISM survey.
MIT researchers creating self-replicating robots with built-in intelligence
MIT researchers are building swarms of tiny robots with a built-in intelligence, allowing them to build structures, vehicles, or larger versions of themselves.
New orders for US durable goods increased during October despite inflation
The Census Bureau released a survey on Wednesday indicating that U.S. manufactured durable products increased in October amid a global economic slowdown.
World's largest iPhone factory needs 100K new workers ahead of holidays
Taiwanese manufacturing giant and Apple iPhone supplier Foxconn is in need of tens of thousands of new workers at their Zhenzhou facilities to return to full production capacity.
For chip makers, the flip from shortage to glut intensifies
Qualcomm joined a chorus of companies cutting costs, saying it curtailed spending and froze hiring as electronics manufacturers are slowing chip orders.
Workers walk out of iPhone factory, highlighting virus woes
Exporters in China are trying to fill orders while coping with a "Zero COVID" strategy that abruptly shuts down cities for a week or longer to contain outbreaks.
Hyundai breaks ground on $5.5B electric car plant in Georgia
New $5.5 billion Hyundai plant a political boost for incumbents Gov. Brian Kemp (R-GA) and Sen. Warnock (D-GA) facing Stacey Abrams and Herschel Walker respectively.
Elon Musk says Tesla will build 50,000 semis annually starting in 2024, making it a top truck company
Elon Musk said that Tesla will be building 50,000 Semi tractor trucks annually starting in 2024. The first of the Class 8 trucks will be delivered in December.
Apple cuts production of iPhone 14 Plus - the Information
The maker of the iPhone 14 Plus, Apple, is pulling back it's production of the model shortly after release amidst a global slowdown in smartphone demand.
Wholesale inflation rises more than expected in September, with prices jumping 8.5%
The producer price index, which measures inflation at the wholesale level before it reaches consumers, remains at a multi-decade high, the Labor Department said Wednesday.
iPhone-maker Foxconn reveals its Ohio-built electric car
The Foxtron Model B is a compact electric hatchback that will be built at the Lordstown, Ohio, factory owned by iPhone maker Foxconn starting in 2024.