Latest Electronic parts manufacturing News
US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China
HONG KONG (AP) — The U.S. government has blacklisted Chinese smartphone maker Xiaomi Corp. and China’s third-largest national oil company for alleged military links, heaping pressure on Beijing in President Donald Trump’s last week in office. The Department of Defense added nine companies to...
Semiconductor shortage forces automobile production cuts
DETROIT (AP) — A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. Officials at Volkswagen, Ford, Fiat Chrysler, Toyota and Nissan all say they have been hit by...
SunPower will close factory in Hillsboro, lay off 170
HILLSBORO, Ore. (AP) — SunPower said Thursday it will close the former SolarWorld factory in Hillsboro, laying off 170 people in ongoing manufacturing setbacks at the site. Japanese semiconductor producer Komatsu Silicon America spent $500 million to build the during the 1990s but never opened it, The...
NYSE withdraws plans to delist 3 Chinese phone carriers
BEIJING (AP) — The New York Stock Exchange has withdrawn plans to delist shares of three Chinese state-owned phone carriers. The shares were to be removed under an order from President Donald Trump, a move Beijing had warned might lead to retaliation. The exchange cited “further consultation”...
Asian stocks gain after Trump criticizes economic aid bill
BEIJING (AP) — Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. Shanghai, Tokyo, Hong Kong and South Korea advanced in light trading ahead of this week's Christmas holiday. Overnight, Wall Street’s benchmark S&P 500 index...
Exxon Mobil, Intel down; JPMorgan Chase, Nike rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially Monday: Tesla, down $45.14 to $649.86 The electric car marker formally joined the S&P 500 stock index. JPMorgan Chase, up $4.47 to $123.55 Federal Reserve allowed large U.S. banks to buy back their own stock, saying they had enough...
US stocks slide from records as wait continues for Congress
Wall Street capped a solid week of gains on a down note Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. The S&P 500 fell 0.4%, a day after it and other major indexes returned to record heights. The decline snapped a three-day winning...
Volkswagen facing 'massive' shortage of electronic parts
FRANKFURT, Germany (AP) — Volkswagen said Thursday it was facing production slowdowns due to a “massive” supply bottleneck caused by a shortage of semiconductor components for car electronics as global automobile markets bounce back from the pandemic sales slump. The Wolfsburg-based carmaker...
US blacklists top Chinese chipmaker, alleging military ties
WASHINGTON (AP) — The Trump administration blacklisted China’s top chipmaker Friday, limiting the Semiconductor Manufacturing International Corp.’s access to advanced U.S. technology because of its alleged ties to the Chinese military. “We will not allow advanced U.S. technology to...
China's leaders say tech growth top priority amid US tension
BEIJING (AP) — China's ruling Communist Party called Friday for faster technology development to increase the country's economic independence amid tensions with Washington that have disrupted access to computer chips and other high-tech components. China also needs to improve control over its industrial...
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