Latest Electronic parts manufacturing News

Biden to Ohio, spotlighting rescued pensions for millions

Jul. 06, 2022 11:29 AM EDT

WASHINGTON (AP) — Seeking to boost his standing with frustrated blue-collar voters, President Joe Biden on Wednesday will use the backdrop of a union training center in Cleveland to tell workers his policies will shore up troubled pension funding for millions now on the job or retired. ...

Tesla's 2Q sales drop amid supply chain, pandemic problems

Jul. 02, 2022 14:07 PM EDT

DETROIT (AP) — Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles. The company on Saturday disclosed it sold more than 254,000 cars and SUVs...

Chip shortage keeps driving up auto prices, cutting sales

Jul. 01, 2022 16:26 PM EDT

DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per...

McConnell warns Dems of fallout for reviving Biden bill

Jun. 30, 2022 20:22 PM EDT

WASHINGTON (AP) — Senate Republican leader Mitch McConnell threatened Thursday to derail a bill designed to boost semiconductor manufacturing in the United States if Democrats revive their stalled package of energy and economic initiatives. The rejuvenation of the Democratic...

Rhode Island man sentenced in insider trading scheme

Jun. 30, 2022 14:27 PM EDT

BOSTON (AP) — A Rhode Island man who authorities say made a more than $50,000 profit by trading shares of a Massachusetts semiconductor company based on insider information has been sentenced to a month of home detention and two years of probation. John Younis, 59, of Bristol,...

'Silicon Heartland' boon for Ohio, but families mourn homes

Jun. 28, 2022 16:04 PM EDT

JOHNSTOWN, Ohio (AP) — When President Joe Biden applauded a decision by Intel Corp. to build a $20 billion semiconductor operation on “1,000 empty acres of land” in Ohio, it didn't sit well with Tressie Corsi. The 85-year-old woman has lived on 7 acres of that land since she...

Musk vows fast fix for new "money furnace" Tesla factories

Jun. 23, 2022 14:11 PM EDT

Tesla CEO Elon Musk described the electric automaker's factories in Austin and Berlin as “money furnaces” that were losing billions of dollars because supply chain breakdowns were limiting the number of cars they can produce. In a May 30 interview with a Tesla owners club that...

South Korea launches first satellite with homegrown rocket

Jun. 21, 2022 11:33 AM EDT

SEOUL, South Korea (AP) — South Korea conducted its first successful satellite launch using a domestically developed rocket on Tuesday, officials said, boosting its growing aerospace ambitions and demonstrating it has key technologies needed to launch spy satellites and build larger missiles amid...

Takeaways from AP interview: Biden on inflation, US psyche

Jun. 17, 2022 07:13 AM EDT

WASHINGTON (AP) — President Joe Biden sat down with The Associated Press to discuss the state of the economy, his concerns about the national mood and his commitment to standing up to Russia's aggression in Ukraine. Takeaways from Biden's first news media interview since February:...

EPA: 'Forever chemicals' pose risk even at very low levels

Jun. 15, 2022 17:05 PM EDT

WASHINGTON (AP) — The Environmental Protection Agency is warning that two nonstick and stain-resistant compounds found in drinking water are more dangerous than previously thought and pose health risks even at levels so low they cannot currently be detected. The two compounds,...