On Friday in a statement Toshiba Corp said, it plans on investing $1.09 billion (125 billion yen) in order to more than double the production of power management semiconductors, in order to catch up with peers such as Infineon Technologies AG…. Read More ›
In a report Japan’s Nikkei said, Panasonic will begin producing its new lithium-ion battery for Tesla from 2023 and plans to invest around $705 million (80 billion yen) in production facilities in Japan. Panasonic’s new lithium-ion batteries is likely to make electric… Read More ›
In a statement on Thursday, Israel’s Defense Ministry said, it has signed an agreement with Germany’s Thyssenkrupp Marine Systems to develop and produce three advanced submarines for its Navy in a deal worth $3.4 billion (3 billion euros). The two… Read More ›
Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›
In a statement Volkswagen said, it will unveil a production version of its long-awaited ID.Buzz on March 9. The ID.Buzz is an electric reincarnation of its beloved Microbus which VW plans to launch in the US in late 2023. The EV… Read More ›
In a significant development, Tesla Inc has reported record quarterly deliveries far exceeding Wall Street’s estimates, as it rides out global chip shortages. The development the sixth consecutive quarter for Tesla, the world’s most valuable automaker, wherein it posted record deliveries…. Read More ›
On Monday, in a statement Toyota Motor Corp said, it will suspend production at five domestic factories in January 2022 following chip shortages and the outbreak of the Omicron variant of COVID-19. The suspension of production will impact around 20,000 vehicles,… Read More ›
Russia’s Interfax news agency has reported a blast at the Russian factory of carmaker AvtoVaz in the city of Tolyatti citing a source. AvtoVaz was quick to downplay the incident saying it has had no impact on production. “On Sunday… Read More ›
On Thursday, in a statement Australian copper miner MMG said, after December 18, it would shut production at its Las Bambas copper mine in Peru. The development comes after it failed to reach an agreement with a Peruvian community which… Read More ›
Even as the United Arab Emirates is set to purchase US F-35 fighter jets, Russia is showing off the prototype of its latest fifth-generation fighter plane at the Dubai Airshow. Unveiled in July, the showcasing of the Sukhoi Su-75 Checkmate… Read More ›
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