Last year the global auto industry shrank for the first time since the global crisis. Many blame US trade policy for much of the sector’s misfortune. The US is the only big market where car sales have remained relatively resilient while China has led and fueled the global decline with policy changes that affect car …
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 abundant cash and liquidity, and …
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.