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Midea, the Chinese home appliance heavyweight, recently revealed that it accelerated its production operations to deliver 20,000 air conditioning units to France in a span of seven days. This was in response to the escalating demand spurred by the severe…
Pop Mart, a Beijing-based producer of ‘blind box’ collectible toys, recently announced that their imminent profit margins are expected to be impacted by escalating production costs. The increase in production costs is the result of surging raw material…
On Running, a sportswear brand, has recently launched an automated factory in Busan, South Korea where robots are used to manufacture running shoes. The company expresses its intent to establish more such factories in the United States and Europe to…
Apple had high hopes for this year, setting its sights on capturing the admiration of customers with its ultra-thin iPhone, named the iPhone Air. This model was primed to break away from the pack and shine amongst Apple’s other releases. Interestingly, you…
Apple is reportedly developing its first foldable iPhone, a topic that has been garnering significant interest in recent months. The latest inside information comes from industry analyst Ming-Chi Kuo, who has offered some insight into the potential cost of…
Asahi Group Holdings, a prominent Japanese beer and beverage corporation, has been unable to restart production at its domestic factories following a cyberattack, according to a company spokesperson. The timeline for resuming operations remains uncertain.…
Asics, the Japanese sportswear giant, has announced plans to increase its manufacturing operations in India from 30% to 40% over the coming years. This move is aimed at maintaining a stable supply chain, following changes in the country’s regulations that…
Favorable weather conditions and effective disease management have significantly boosted lychee production in Vietnam, a fact that’s exciting for enthusiasts and exporters alike. The total yield is expected to reach impressive figures, with the northern…
Finish telecom giant Nokia has selected Foxconn Bac Giang in northern Vietnam as the producer of its new 5G equipment to serve both domestic and international needs. Taiwanese contract manufacturer Foxconn starting next month will begin producing Nokia’s…
The record prices of durian, coffee, and rice in 2023 brought significant profits to farmers in the Central Highlands and the Mekong Delta. Thoai, a garden owner in the Mekong Delta province of Can Tho, stated that durian farmers had never had a bumper…
Last year Apple announced that it was doing away with the iPhone mini. The model with the 5.4-inch display twice (with the iPhone 12 mini and iPhone 13 mini) failed to gain any traction with the phone-buying public. So the crew in Cupertino had an epiphany;…
Australia will phase out battery eggs by 2036, after a lengthy battle between the egg industry and animal welfare groups that the latter says will finally bring the country into line with Europe and New Zealand. The reform was quietly announced on Thursday…
Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday. The Reutlingen site had previously been earmarked for 50 million euros of a total of…
Czech passenger car production fell by 11.4% year-on-year to 92,657 vehicles in January, posting its lowest result for that month since 2010 as the chip shortage continued to weigh, the Czech Automotive Industry Association (AutoSAP) said on its website on…
Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double the production of power management semiconductors, aiming to catch up with power chip giants such as Infineon Technologies AG. The Japanese industrial…
Volkswagen and Bosch have signed a memorandum of understanding to explore a joint venture dedicated to providing the European market with battery equipment solutions. The two, together, plan on selling integrated battery solutions with on-site ramp-up and…
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