Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall
Shares of ASML on Wednesday fell as the company missed sales forecasts, but stuck to its full-year outlook.
Manufacturing asian news
Apple will 'look at' manufacturing in Indonesia, CEO Cook says, as China diversification push continues
Apple CEO Tim Cook said the company will "look at" manufacturing in Indonesia, following a meeting with the country's President Joko Widodo, at a time when the iPhone giant continues to diversify its supply chain away from China.
Biden to Call for Tripling Tariffs on Chinese Steel Products
President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports.
Apple CEO says company will ‘look at’ manufacturing in Indonesia
JAKARTA, Indonesia (AP) — Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday.
Apple mulls first manufacturing facility in Indonesia after CEO Tim Cook meets Joko Widodo
“We talked about the president’s desire to see manufacturing in the country, and it is something that we will look at,” Cook told reporters after the meeting.
Sanctioned Chinese security camera maker Dahua divests from U.S.
HONG KONG -- Zhejiang Dahua Technology, a major Chinese surveillance camera manufacturer, has sold its fully owned subsidiary in the U.S., virtually divesting from the country after it was slapped with a series of sanctions over the years.
Wednesday Briefing: China’s Economy Grew Faster Than Expected
China’s National Bureau of Statistics said yesterday that the economy grew 1.6 percent in the first quarter over the previous three months, despite a severe real estate crisis and sluggish spending at home. When projected out for the entire year, the first-quarter data indicates that the economy was growing at an annual rate of about 6.6 percent. China had set a growth target of about 5 percent for the year, a goal that many economists viewed as ambitious.
Apple wants to spend more on suppliers in Vietnam, state media says
HANOI (Reuters) -- Apple wants to boost its investment in Vietnam, state media quoted the U.S. tech group's CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to increase spending on suppliers in the Southeast Asian nation.