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An Apple supplier is considering relocating its highly automated production facilities to the United States. This shift aims to enhance operational efficiency and align with the growing demand for domestic manufacturing capabilities. The move reflects broader trends in the tech industry towards localizing supply chains.
J&T Express went public on the Hong Kong Stock Exchange in October 2023, raising over US$451 million despite challenging market conditions. The company, which delivered nearly 25 billion parcels in 2024, focuses on Southeast Asia and China, leveraging ecommerce growth while navigating increasing competition. Meanwhile, Indonesian coffee startup Kopi Kenangan has expanded into India, planning to open over 10 outlets by 2025, with a long-term goal of 50 stores.
Taiwan Semiconductor Manufacturing Co. (TSMC) will hold its investor conference on April 17, 2025, focusing on its $100 billion expansion in Arizona and the impact of US tariffs on semiconductors. This investment aims to mitigate geopolitical risks while maintaining Taiwan as its manufacturing hub, projected to host over 80% of TSMC's production capacity by 2035. The semiconductor industry is poised for growth, driven by AI demand, with TSMC allocating 70% of its 2025 capital expenditure to advanced processes critical for high-performance computing.
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Korean semiconductor company FADU has partnered with Adata, the second-largest SSD module provider, to develop custom solid-state drives, starting with Gen5 enterprise SSDs using Triple-Level Cell technology. This collaboration allows for tailored SSD designs, with FADU providing controller IP and firmware while Adata manages its products.The partnership enters a rapidly growing SSD market projected to reach between $134.02 billion and $211.7 billion by 2030-2032, driven by advancements in NAND technology and increasing demand from data centers.
GXS Bank has acquired Validus Investment's Singapore unit to enhance its business banking services, with the deal expected to finalize by April 15. This acquisition includes Validus' customer base, technology, and loan portfolio, which has provided over US$1 billion in financing to SMEs since 2015. GXS aims to grow its SME loan book significantly and plans a full launch of its business banking services by the third quarter of 2025, focusing on partnerships with fintechs in Singapore and Malaysia.
Taiwan Semiconductor Manufacturing Co (TSMC) is projected to report a 54% increase in Q1 net profit, reaching NT$347.8 billion (US$10.7 billion), driven by rising AI chip demand. This growth highlights a shift in the semiconductor market, where AI-focused production significantly outpaces traditional segments. TSMC's strategic overseas expansion aims to mitigate geopolitical risks while maintaining its competitive edge in the evolving industry landscape.
Two new textile industrial hubs will be established in Minya and Fayoum, covering 11 million square meters combined, to boost Egypt's textile sector. The initiative aims to increase exports from USD 2.8 billion to USD 11.5 billion in five years, creating 400,000 jobs and enhancing the sector's GDP contribution from 14% to over 20%. Each hub is projected to attract USD 1.5 billion in investment, offering comprehensive manufacturing infrastructure and support services.
Apple is unlikely to shift iPhone production to the US, even in the face of a staggering 145% tariff. Analysts suggest that the financial implications and logistical challenges outweigh the potential benefits of domestic manufacturing.
General Motors (GM) is set to cut production of its BrightDrop electric delivery vans at the CAMI assembly plant in Ontario, leading to approximately 500 job losses. The facility will operate on a single shift and halt battery pack assembly for two weeks in April 2025, citing market demand and inventory re-balancing as reasons for the decision. Despite ambitious revenue targets, BrightDrop has sold only around 2,000 units since its launch, highlighting challenges in the commercial EV market.
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Apple supplier considers relocating to the US for automated manufacturing
12:52 14.04.2025
logistics firm jandt express goes public raising over 450 million dollars
11:30 14.04.2025
TSMC outlines expansion plans amid trade uncertainties and AI-driven demand
11:22 14.04.2025
oci delays malaysia ipo amid polysilicon market challenges and trade uncertainties
10:45 14.04.2025
Fadu and Adata partner to innovate custom solid-state drives for enterprise use
10:10 14.04.2025
GXS Bank acquires Validus Singapore unit to enhance business banking services
07:18 14.04.2025
TSMC profits surge 54 percent driven by AI chip demand
06:45 14.04.2025
new textile hubs in minya and fayoum to boost egyptian economy and jobs
02:00 14.04.2025
Apple maintains overseas iPhone production despite significant tariffs
17:36 13.04.2025
gm cuts electric van production leading to 500 job losses
10:41 13.04.2025
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