U.S. Industrial Production Down 0.5% In December

Industrial production fell 0.3% in December, the third decline in the past four months, the Federal Reserve reported Friday. The decline was expected and reflected in the December unemployment report released last week, where manufacturing shed 12,000 jobs. Industrial production was down at a 0.5% annual rate in Q4. Production was down in three of … More U.S. Industrial Production Down 0.5% In December

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.

North American Freight Volume Posts Sharpest Drop Since Great Recession

December freight volumes posted their sharpest year-over-year decline since the Great Recession. The Cass Freight Index, a measure of freight volumes and expenditures, accelerated its decline due to high inventories and a manufacturing downturn. Stifel analyst Dave Ross doesn’t expect a rebound in 2020: “The tariff relief from the phase-one deal seems to be just … More North American Freight Volume Posts Sharpest Drop Since Great Recession

Electronics Rush To Auto Continues – LG And Cerence Sign MOU

Last week we posted the video,  Sony Builds A Car. The trend continues with traditional consumer tech companies desperate to get into the automobile industry.  LG  and Cerence Inc. – which recently spun off from Nuance Communications – have signed a memorandum of understanding to develop a new software solution that integrates LG’s webOS Auto … More Electronics Rush To Auto Continues – LG And Cerence Sign MOU

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

Swissbit Opens New Production Facility In Berlin

Swissbit, the specialist provider of data-storage and security solutions for industrial applications and the Internet of Things have opened a state-of-the-art electronics production facility in Berlin, Germany. Swissbit has tripled its production capacity for highly integrated electronics and is set to increase the number of jobs in development and production from 200 to up to … More Swissbit Opens New Production Facility In Berlin

Korea’s Exports Grow 5.3 pct In First Week Of Year, Led By Semis

South Korean exports, a main leading indicator of global manufacturing conditions,  especially the electronics sector, showed marked improvement in the first ten days of January. South Korea’s Customs Service reported on Monday that exports rose 5.3 percent in the first 10 days of January, mainly the result of growing shipments of semiconductors. Exports of semiconductors … More Korea’s Exports Grow 5.3 pct In First Week Of Year, Led By Semis

Taiwan Re-elects Tsai Ing-wen

Taiwan’s voters delivered a stinging rebuke of China’s rising authoritarianism on Saturday by re-electing President Tsai Ing-wen, who vowed to preserve the island’s sovereignty in the face of Beijing’s intensifying efforts to bring it under its control. Ms. Tsai’s victory highlighted how successfully her campaign had tapped into an electorate that is increasingly wary of … More Taiwan Re-elects Tsai Ing-wen