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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.
But analysts see Biden narrowing the scope of restrictions in order to avoid a full decoupling with BeijingBiden’s presidency will pass the 100-day mark on Friday, a symbolic milestone against which administrations are often assessed
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.
TAIPEI: Taiwan Economy Minister Wang Mei-hua has played down the prospect of Taiwan tech firms making advanced semiconductors in the European Union (EU), noting that industry leader Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has insisted it will focus its most advanced technology on the island
SINGAPORE (The Straits Times/ANN): Two planeloads of oxygen cylinders are on the way to India from Singapore, to help the country address its unprecedented oxygen crisis arising from a second wave of Covid-19 infections.
TOKYO (Bloomberg): Japan, India and Australia’s trade ministers have met to officially launch the Supply Chain Resilience Initiative, following reports that the three nations are working together to counter China’s dominance on trade in the Indo-Pacific.
SINGAPORE (The Straits Times/ANN): The world's largest trade pact will reduce tariffs and harmonise trade rules, and Singapore and the region stand to gain from it by being more deeply plugged into global supply chains.
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.
Container shortages, delays beset shipping industry as ‘ripple effect’ of Suez Canal blockage continues
More than three weeks after the skyscraper-sized Ever Given was freed from the Suez Canal, major ports are struggling with a backlog of vesselsSome carriers are skipping port calls in Europe to avoid congestion, contributing to container shortages in other parts of the world, including Asia