Musk outlines Tesla’s recession playbook: claw again prices

Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes shall be a “severe” recession: reduce prices on every part from components to logistics, whereas protecting the strain on rivals with discounted sticker costs. In a convention name to debate Tesla’s fourth-quarter outcomes, Musk and different executives outlined … Read more

Amazon’s AWS to speculate $35 bln in Virginia

WASHINGTON, Jan 20 (Reuters) – Inc’s (AMZN.O) cloud companies division mentioned Friday it plans to speculate one other $35 billion by 2040 to broaden information facilities in Virginia. Amazon Net Providers (AWS) mentioned the brand new funding will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin mentioned AWS will set up a number of … Read more

TSMC cuts 2023 capex after file This fall as chip demand weakens

This fall revenue T$295.9 bln vs T$289.44 bln analyst view This fall income up 26.7% on yr at $19.93 bln Sees 2023 capex at $32-36 bln vs $36.3 bln yr prior Firm plans to ramp up manufacturing abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter income would drop … Read more

Unique: Apple provider BOE plans new factories in Vietnam

HANOI, Jan 11 (Reuters) – Chinese language show maker BOE Know-how Group Co Ltd (000725.SZ), a provider of each Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS), plans to speculate a considerable sum to construct two factories in Vietnam, two individuals acquainted with the matter stated. The funding might complete as much as $400 … Read more

China state media performs down COVID wave severity earlier than WHO meet

State media says extreme sickness from COVID is uncommon Chinese language scientists anticipated to temporary WHO China manufacturing unit exercise shrinks in December BEIJING, Jan 3 (Reuters) – China’s state media performed down the severity on Tuesday of the COVID-19 wave surging over the nation, with its scientists anticipated to provide a briefing to the … Read more

Foxconn unit to promote stake in Chinese language chip agency Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, mentioned on Friday its subsidiary in China has agreed to promote its whole fairness stake in embattled Chinese language chip conglomerate Tsinghua Unigroup. Taiwan has turned a cautious eye on China’s ambition to spice up its semiconductor business and is tightening … Read more

German automobile giants and Asian battery kings: a match made in Hungary

German, Chinese language and S.Koreans head to Hungary They dominate auto funding and subsidies Orban’s Hungary eager to court docket international enterprise BERLIN/BUDAPEST, Dec 13 (Reuters) – German automakers and Asian battery suppliers are getting collectively in Hungary in a multi-billion-dollar marriage of comfort to drive their electrical ambitions. The businesses are flocking to central … Read more

Inside China’s battle over the way forward for zero-COVID

Opinions diverge over Xi’s zero-COVID coverage Anger over lockdowns, fears about opening up Loosening of guidelines threatens to stir discontent SHANGHAI, Dec 2 (Reuters) – Samuel Ren is sick of zero-COVID. “Omicron will not be a menace, it is rather like a traditional chilly,” stated the IT employee in his mid-20s in Shanghai, describing China’s … Read more

India’s first personal rocket firm appears to slash satellite tv for pc prices

BENGALURU, Nov 26 (Reuters) – The startup behind India’s first personal area launch plans to place a satellite tv for pc into orbit in 2023 and expects to have the ability to accomplish that at half of the price of established launch corporations, the founders of Skyroot Aerospace advised Reuters in an interview. The Hyderabad-based … Read more

Foxconn apologises for pay-related error at China iPhone plant after employee unrest

Foxconn says it’s working with workers to resolve disputes Main iPhone manufacturing unit rocked by protests over pay, circumstances Apple says it has staff on the bottom in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) stated on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone manufacturing unit in … Read more