Keywords: Manufacturing


South Korea’s Lee calls for Gwangju airbase relocation by 2028 to speed up chip hub

South Korean President Lee Jae Myung has called for the relocation of a military airbase in Gwangju by mid-2028, seeking to accelerate the development of a major semiconductor manufacturing cluster in the southwestern city. Speaking Monday, Lee instructed the Defence Ministry to advance the relocation......

Trump announces more than $2 billion in new investments in the U.S. mining sector

President Donald Trump has announced more than $2 billion in new investments aimed at expanding mining and critical-mineral production in the United States, alongside more than $180 million in funding dedicated to education, training and workforce development. Speaking at a roundtable at the U.S. Department......

Tesla and SpaceX unveil $16.8 billion Terafab project to expand advanced chip manufacturing

Tesla and SpaceX have announced plans for a major semiconductor manufacturing initiative known as Terafab, a project valued at approximately $16.8 billion that aims to strengthen advanced computing capabilities for future technologies. The planned facility in Texas reflects the growing importance of......

Three bidders compete to acquire iconic French glassmaker Duralex

The future of French glassware manufacturer Duralex has entered a new phase as three prospective buyers have formally submitted takeover bids, setting the stage for a competitive process aimed at preserving one of France's most recognizable industrial brands. The list of candidates includes two......

SK Hynix approves $38 billion chip investment to expand South Korea manufacturing

SK Hynix has approved a multi-year investment programme worth approximately $38.3 billion, reinforcing its long-term strategy to expand semiconductor manufacturing capacity and strengthen South Korea's position in the global memory chip industry. The decision marks one of the company's most......

China's exports and imports post strong July growth amid global AI demand

China recorded robust trade growth in July, with both exports and imports rising sharply from a year earlier as strong global demand for technology products—particularly those linked to artificial intelligence—continued to support the country's external sector. The latest customs figures......

Europe's largest bicycle manufacturer Accell files for insolvency protection

Europe's largest bicycle manufacturer, Accell Group, has entered insolvency proceedings in the Netherlands after failing to secure a long-term solution to its financial difficulties, marking a major setback for one of the continent's most prominent cycling companies. The move comes after months......

Italy's industrial output contracts sharply, raising concerns over manufacturing outlook

Italy's manufacturing sector suffered an unexpected setback in June, with official data revealing a sharper-than-anticipated decline in industrial production and raising fresh questions about the strength of the country's economic recovery. Figures released by Italy's national statistics......

Morocco strengthens its position as an automotive manufacturing hub with nearly 200,000 vehicles produced

Morocco continues to strengthen its reputation as a leading automotive manufacturing hub after Renault Group produced nearly 200,000 vehicles at its factories in Tangier and Casablanca during the first half of 2026. The latest production figures highlight the country's growing role in global vehicle......