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Shares of Bowlex maker Nautilus dived nearly 84% in the past 12 months to a market cap of $52.8 million. Photo: Business Wire/Associated Press…

Magna Steyr – an Austrian-based contract manufacturer owned by Magna International – recently shared aspirations to enter the US market and produce vehicles in a climate-friendly facility in North America. The facility overseas currently manufactures the Jaguar I-Pace and will begin production of the Fisker Ocean in November. Based on revised terms for US federal tax credits, could a move by Magna happen? Canadian company Magna International is the largest contract manufacturer in North America and the fourth…

GlobalFoundries could expand output at its flagship US plant or break ground on a new one next to it, the chief executive of the semiconductor contract manufacturer told Reuters on Wednesday.US-based GlobalFoundries, a unit of Abu Dhabi's state-owned fund Mubadala, could install new equipment to take advantage of 30 percent to 40 percent of floor space that is unused at its Malta, New York factory, which would boost output within 12 to 14 months. In a second phase, it may build an adjacent plant that could be producing…

Russian officials say the move is a last resort against the appreciating rouble, which Moscow fears may hit budget revenues and exports. The rouble had plunged following sanctions over Russia's military intervention in Ukraine, but has since soared. (Reuters…

South Korea’s Lotte Chemical announced plans to build an electrolyte solvent factory overseas in a joint venture with the US unit of South African petrochemical firm Sasol. The two companies have yet to decide whether to build the plant in Louisiana or in Marl, Germany. The plant would produce electrolyte solvents for lithium ion batteries used in electric vehicles (EVs). The solvents help lithium ion move between battery…

Manufacturers of NAND flash memory have always tried to increase the storage density of their memory devices by increasing the number of bits stored per cell. While fundamentally, this is the most challenging way of increasing recording densities, it is also the most rewarding one from a cost standpoint. Companies like Kioxia are constantly experimenting with the number of bits they can store in one cell. This year the company said it had managed to store seven bits per cell (7 bpc), albeit in the lab and under low…

Denso Corporation is considering spinning off its semiconductor operations into a standalone company to help it better focus on the growing demands of the segment, according to local reports citing a key company executive. Japan’s largest automotive components manufacturer, 25% owned by Toyota, generated more than US$45bn in global sales in the last fiscal year from a wide range of automotive components, including…

Qualcomm, the San Diego-based fabless chipmaker, has expressed an interest in acquiring a stake in Arm, the chip designer behind its Snapdragon (opens in new tab) series of desktop-bothering Arm SoCs. According to a report in the Financial Times (opens in new tab), the UK company would be bought by a consortium to maintain its neutrality.(Image credit: Arm Limited)The fate of Arm has hung in the balance since a deal by owner SoftBank to sell the UK firm to Nvidia for $66bn collapsed (opens in new tab) following legal…

Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday. "The idea of using digital currencies in transactions for international settlements is being actively discussed," Ivan Chebeskov, head of the finance ministry's financial policy department, was quoted as saying. Russian officials are wrestling with how to regulate the country's crypto market and use of digital currencies, with the finance ministry opposed to the…