Manufacturer

One of Apple's largest suppliers has denied reports that a shipment of components was held by Chinese customs officials in retaliation after speaker Nancy Pelosi held a meeting with a company executive. In the early hours of Friday, Nikkei Asia (opens in new tab) reported that "shipments to iPhone assembler Pegatron's factory in China were being held for scrutiny by Chinese customs officials a day after the company's senior executive met with U.S. House Speaker Nancy Pelosi in Taipei during a visit that has drawn harsh…

Semiconductor stocks fell globally on Tuesday as an expected visit by the US House of Representatives Speaker Nancy Pelosi to Taiwan, which China claims as its territory, fueled a fresh escalation in tensions between Washington and Beijing.China views the visit by Pelosi, second in the line of succession to the US presidency and a long-time critic of China, as sending an encouraging signal to the pro-independence camp in Taiwan and has repeatedly warned against it.Taiwan is home to the world's biggest manufacturer of…

US chip manufacturer SkyWater Technology Inc and Alphabet Inc's Google Public Sector announced that they are expanding an open source platform to design chips that can be made in SkyWater's Minnesota facility. SkyWater said the US Department of Defense is funding $15 million for the development of the platform. "One of the reasons the US government is investing in this initiative is because they can then take the output of a lot of this development," said SkyWater CEO Thomas Sonderman. Chip design and manufacturing is a…

The Chinese city of Shenzhen told 100 major companies including iPhone maker Foxconn to set up "closed-loop" systems as it battles COVID-19, according to a document attributed to the local government circulating online on Monday. While Reuters could not independently verify the document, a notice at a Shenzhen office of oil giant CNOOC Ltd seen by Reuters said that the building would be closed for seven days until July 31, with staff to work from home and continue with daily COVID testing. A CNOOC spokesperson did not…

Last Updated: July 22, 2022, 13:12 ISTA purchase order for 39,000 wheels for LHB coaches has been placed by Indian Railways with Chinese manufacturer TaiyuanDue to the ongoing war between Russia and Ukraine, the supplies against the ongoing contracts with the firms from Russia and Ukraine have been affectedA purchase order for 39,000 wheels for LHB coaches has been placed by Indian Railways with Chinese manufacturer Taiyuan. The rate on which the contract was placed was 1.68 per cent higher than the rate per wheel given…

ASML Holding NV reported a higher second-quarter net profit on Wednesday amid record new bookings as it kept shipping equipment to clients as fast as possible even though there were some indications of a slowdown in consumer markets. The Dutch company, a key supplier to computer chip makers, reported net profit of 1.41 billion euros ($1.44 billion) for the three months ended June 30, up from a profit of 1.04 billion euros a year earlier, it said in a statement. Revenues were 5.43 billion euros, up from 4.0 billion euros…

Lenovo was the most popular PC manufacturer in Q4 2020, beating competitors HP, Dell, and Apple with 24 percent of the global PC market, according to data from a research firm. Global component shortages for PCs eased in Q4 2021, helping the company's closest competitor, HP, enjoy a market share of 20.5 percent. PC sales in Q4 2021 touched 90.3 million amid the ongoing pandemic. With strong demand for PCs, the ongoing Q1 2022 could also see ample shipments amid an improving component supply, according to the…

Japanese electronics maker Panasonic accused chipmaker Broadcom Corp. of violating its rights in several computer-technology patents in Texas federal court. Panasonic Holdings Corp told the court that Broadcom rejected its offers to discuss a license to its patent portfolio, which it said covered a "broad array" of Broadcom products. The two lawsuits say Broadcom products, including microprocessors, integrated circuits, and components used in wireless networking, infringe ten Panasonic patents. Broadcom, Panasonic, and…

Vietnamese EV automaker VinFast is continuing its lightning-fast growth and expansion by announcing a long-term, strategic partnership with solid-state battery manufacturer ProLogium. Following a signed Memorandum on Understanding, ProLologium will provide solid-state battery cells to VinFast vehicles beginning in 2024. VinFast is an automotive manufacturing subsidiary of VinGroup, a multifaceted Vietnamese conglomerate dabbling in everything from healthcare to five-star resorts and even theme parks. At the LA…

The founder of Geely, China's private automaker and Volvo's parent company, Li Shufu, has acquired the Chinese smartphone brand Meizu.Xingji Technology, a smartphone company launched by Geely's founder and chairman last September, acquired a controlling stake of 79.09 per cent from it.The two parties will work together to provide users with core products that integrate multi-terminal, full-scene, and immersive integration experiences, the company said in a statement.Founded in 2003 by Jack Wong, Meizu began as a…