China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

A China Automobile Dealer’s Association poll shows that dealers predict a drastic drop in sales of 50% to 80% this month, compared to February 2019. 70% of dealers have said they have seen “almost no customers” since the end of January.  As China remains on lockdown due to the coronavirus, some Chinese cities are beginning … More China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

Pegatron To Open Plants In Indonesia and Vietnam

Pegatron, the world’s second-largest contract manufacturer of electronics,  announced plans to have new factories in Indonesia and Vietnam in operation by the end of the year. The company’s trying to reduce its reliance on its plants in China, where operating costs have risen due to higher labor costs and the U.S.-China trade war.  Pegatron is among … More Pegatron To Open Plants In Indonesia and Vietnam

China’s Auto Sector Hit By Coronavirus

A 30-meter long auto-production line of a company in Wuhan of Central China’s Hubei province has adopted the #5G technologies, the first time in China, which provided smoother data transition to the machines in the process to improve the efficiency. #tech pic.twitter.com/A5xM1rSBIZ — China Daily (@ChinaDaily) April 16, 2019 The first cases of the pneumonia-like … More China’s Auto Sector Hit By Coronavirus

Pentagon Pressures Taiwan Semi to Produce Chips In U.S.

  Taiwan Semiconductor Manufacturing Co. is being pressured by the Pentagon to produce its military-use chips in the U.S., in order to ensure the potential of Chinese interference. TSMC makes computer chips for the American F-35 fighter jets and serves as a key supplier to Apple as well as Chinese telecommunications giant Huawei Technologies. “The … More Pentagon Pressures Taiwan Semi to Produce Chips In U.S.

Copper Prices Set To Move Higher In 2020

  The price of copper, a key barometer for the global economy, is set to move higher in 2020 with capital spending for new production depressed and inventories tapped out as U.S.-China trade tensions ease. The U.S-China trade war limited mining activity and kept manufacturer inventories lean. Warehouses tracked by the three international exchanges, the … More Copper Prices Set To Move Higher In 2020