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Apple’s attempt to diversify manufacturing to India is being stymied by New Delhi’s coronavirus crisis
Apple has been hit by Covid-19 infections at two of its India plants, according to Taiwan media report. The coronavirus wave is likely to slow handset manufacturing production in India and weaken consumer demand, analysts say.
BARCELONA (Reuters) - Spain is moving aggressively to land new battery and electric vehicle plants, using billions of European Union pandemic relief funds to avoid being left behind as the global auto sector undertakes the biggest technology transformation in a century.
WASHINGTON (Reuters) - Some critical industries could suffer if the U.S. government uses a national security law to redirect scarce computer chips to the auto industry, a senior administration official told Reuters.
WASHINGTON (Reuters) - The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritise the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said.
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is planning to build several more chipmaking factories in the U.S. state of Arizona beyond the one currently planned, three people familiar with the matter told Reuters.
BRUSSELS/BERLIN (Reuters) -Intel wants 8 billion euros ($9.7 billion) in public subsidies towards building a semiconductor factory in Europe, its CEO was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies.
BERLIN (Reuters) - Germany has boomed on the back of globalisation, but now the worldwide web of supply chains that turbo-charged its economy could prove a critical weakness.
HONG KONG (Reuters) -China's Huawei Technologies is in talks to take control of a small domestic automaker's electric vehicle unit, two people with direct knowledge of the matter said, in what is seen as a strategic shift for the world's largest telecom equipment maker.
CHICAGO (Reuters) - Global shoppers are expected to spend 20% more online in 2021 than they did last year, according to an Adobe report released on Tuesday, likely adding pressure to supply chains as they struggle to keep up with a surge in demand.
PARIS/BERLIN (Reuters) -European industry chief Thierry Breton will hold discussions with the chief executive of chipmaker Intel and a top executive of Taiwanese competitor TMSC on April 30, as the EU seeks to shield itself from shocks in the global supply chain.