Latest Electronic parts manufacturing News

As supply chains unclog, consumers enjoy (tentative) relief

Dec. 07, 2022 10:47 AM EST

Back in January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, the nation's two largest ports. Consumers, stuck at home amid the pandemic, had unleashed an avalanche of orders for goods that overwhelmed factories and ports. ...

Biden visits Arizona computer chip site, highlights jobs

Dec. 06, 2022 18:39 PM EST

PHOENIX (AP) — President Joe Biden on Tuesday visited the site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to the incoming Republican House majority. Biden has staked his legacy...

Japan, Belgium to cooperate in chip production, development

Dec. 06, 2022 09:58 AM EST

TOKYO (AP) — A newly founded Japanese semiconductor company aiming to revive Japan’s chip industry signed an agreement on Tuesday to collaborate with a Belgian research organization in developing next-generation chips for production in Japan. Economy and Industry Minister...

Thousands protest in South Korea in support of truckers

Dec. 03, 2022 03:06 AM EST

SEOUL, South Korea (AP) — Thousands of demonstrators representing organized labor marched in South Korea’s capital on Saturday denouncing government attempts to force thousands of striking truckers back to work after they walked out in a dispute over the price of freight. There...

Japan OKs $216B extra budget to counter impact of inflation

Dec. 02, 2022 06:24 AM EST

TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen. It is the second batch of supplementary spending this year to...

Raimondo: US isn't seeking to sever economic ties with China

Nov. 30, 2022 07:07 AM EST

WASHINGTON (AP) — The United States isn’t seeking to sever economic ties with China — even as Washington takes steps to protect America’s technological and military prowess from Beijing, U.S. Commerce Secretary Gina Raimondo said. Speaking to reporters in advance of a speech...

Teenage driver charged in crash of stolen car that killed 4

Nov. 22, 2022 16:23 PM EST

BUFFALO, N.Y. (AP) — A 16-year-old accused of driving a stolen SUV involved in a high-speed crash that killed four teenage passengers was arraigned Tuesday on manslaughter and other charges. The parents of two of those killed, meanwhile, have filed a lawsuit against automaker Kia,...

Ohio's Intel project triggers housing fears in tight market

Nov. 19, 2022 09:06 AM EST

COLUMBUS, Ohio (AP) — Intel’s announcement earlier this year of a $20 billion manufacturing operation bringing thousands of jobs to rural Ohio was greeted as an economic boon. But behind that enthusiasm lurked a pressing question. “Where are we putting...

Bowlero, PTC fall; Cisco, Bath & Body Works rise

Nov. 17, 2022 16:19 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Cisco Systems Inc., up $2.20 to $46.59. The seller of routers, switches, software and services reported strong third-quarter financial results. Kulicke and Soffa...

UK blocks chipmaker's sale to Chinese firm, citing security

Nov. 17, 2022 05:40 AM EST

LONDON (AP) — The British government has blocked a Chinese-owned company’s takeover of a Wales-based microchip maker, calling it a risk to national security. Nexperia, a Netherlands-based firm owned by China’s Wingtech, announced last year that it had acquired a 100% stake in...