Nuevo León approves US $153M towards incentives for Tesla
The government of Nuevo León has agreed to spend US $153 million on incentives to facilitate the set-up of Tesla’s electric vehicle “gigafactory” near Monterrey. These incentives include electricity, water and transport infrastructure, and a reduction in Tesla’s payroll tax, to encourage job creation. SOURCE: Mexico News Daily Tesla CEO Elon Musk first announced the gigafactory in […]
Biden-Harris Administration and BAE Systems, Inc., Announce CHIPS Preliminary Terms to Support Critical U.S. National Security Project in Nashua, New Hampshire
U.S. Department of Commerce Outlines Potential Funding of Approximately $35 Million in Support of U.S. Defense Capabilities, Including F-35 Fighter Jet Program Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and BAE Systems Electronic Systems, a business unit of BAE Systems, Inc., have signed a non-binding preliminary memorandum of terms (PMT) to […]
Cyient DLM inaugurates new precision machining facility in Bangalore
The new facility will elevate the capacity to 180,000 hours per annum with the addition of 20 cutting-edge machines in 36,000 sq ft of manufacturing area Bangalore, India: Cyient DLM, an integrated electronics manufacturing company, has announced the inauguration of a new precision machining facility in Bangalore. The facility currently has a capacity of 60,000 […]
China and US Bolster Semiconductor Independence as Taiwan’s Foundry Capacity Share Projected to Decline to 41% by 2027, Says TrendForce
TrendForce’s latest findings reveal that as of 2023, Taiwan holds approximately 46% of global semiconductor foundry capacity, followed by China (26%), South Korea (12%), the US (6%), and Japan (2%). However, due to government incentives and subsidies promoting local production in countries like China and the US, the semiconductor production capacities of Taiwan and South […]
EMS@C Panel: Navigating the Resurgence of European Manufacturing, New Challenges, and Opportunities
This panel, featuring industry leaders Dr. Marc Achhammer from KATEK Group and Xaver Feiner from Zollner Elektronik AG, delves into the possibilities and challenges as manufacturing in Europe gears up for a new era. Together, we navigate through the talent constraints that might impede growth and discuss ways to make manufacturing jobs more appealing to […]