China’s chip industry has entered a period of financial stress. Tsinghua Unigroup Co. moved to reassure bondholders in the wake of a plunge in its debt that its finances are in good shape. The company is helping build out China’s domestic chip industry. A recent statement noted the group has…
The company, which has four facilities in Tamil Nadu, is planning to expand its component manufacturing unit in India. Government officials said there would not be any problem in addressing the concerns. See the full article.
The Summit aims to bring together global decision-makers in manufacturing, senior representatives from Central & State Government and local ecosystem players from ICT supply chain to share their experiences that will help in developing the manufacturing ecosystem in India. The objective of the Summit is to provide an opportunity for…
The Institute for Supply Management said its manufacturing index edged up to 48.3% in October from a 10-year low of 47.8%, but it remained in contractionary territory for the third month in a row. The last time that happened was in 2015 during a downturn in the oil patch. See report here.
