The Biden administration announced on April 8 that Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, has agreed to expand its investment in Arizona by promising to manufacture the world’s most sophisticated chips on U.S. soil. The Commerce Department announced that it would provide up to $6.6 billion in direct funding to the Taiwanese […]
SINGAPORE—A survey of factory managers in China released Wednesday shows manufacturing contracted in January for a fourth straight month, reflecting weak demand and a faltering recovery in the world’s second-largest economy. The official purchasing managers index, or PMI, rose slightly to 49.2 in January from 49.0 the month before. The PMI is on a scale […]
About eight “innovation hubs” across the United States will be awarded nearly $240 million dollars as part of the federal government’s efforts to bolster domestic microelectronics manufacturing, the Defense Department (DOD) announced on Sept. 20. The multi-million dollar funding is part of the “Microelectronics Commons” program—described by the Pentagon as a “national network of regional […]
U.S. manufacturing representatives spoke out yesterday afternoon about what they say is the detrimental impact the Chinese Communist Party (CCP) has had on American industry over the last two decades. NTD’s Angela Moy has more.
Bringing manufacturing back to the United States has become a hot topic again recently, especially with China facing troubles in all corners of its economy, and an anti-espionage law that puts foreign businesses operating there at risk. In his remarks this week, President Biden also promoted the idea that the products of tomorrow should be […]
If the world shifted its manufacturing power from China to India as Indian Prime Minister Narendra Modi hopes, it would weaken China. Brandon Weichert, senior editor of the independent media outlet 1945 and author of “Winning Space: How America Remains a Superpower,” said that it is possible with improved Indian infrastructure. NTD spoke with him […]
BEIJING—China’s manufacturing slowdown deepened in May as consumer and export demand weakened, a survey showed Wednesday, adding to signs an economic rebound following the end of anti-virus controls is slowing. Chinese leaders are under pressure to shore up the recovery after a survey found a record 1 in 5 young workers in cities were unemployed. […]
Tensions are running high between the United States and China amid the spy balloon fallout, which could have economic consequences if China cuts off parts of its supply chains. Javier Palomarez, the founder and CEO of the U.S. Hispanic Business Council, tells NTD that American small businesses would bear the brunt of losing imports such […]
Republican senators raised concerns that U.S. manufacturing might have assisted in the construction of the Chinese spy balloon that flew over the continental United States for days before being shot down. Sens. Josh Hawley (R-Mo.) and Dan Sullivan (R-Alaska) took part in an all-senators classified briefing on Feb. 9, held by officials from the Office […]
In this next part of our exclusive special series with Michael Sekora, founder and director of the Socrates Project within the Reagan White House, we revisit myth No. 2: how manufacturing is the key when it comes to countering the China threat. Previously, we covered the topic as a slight overview, but this time, we’re […]
WASHINGTON—U.S. job openings fell less than expected in November as the labor market remains tight, which could see the Federal Reserve boosting interest rates to a higher level than currently anticipated to tame inflation. There was, however, encouraging news in the inflation fight, with a survey from the Institute for Supply Management (ISM) on Wednesday […]
Companies are gradually shifting away from manufacturing goods in mainland China due to quality control and intellectual property theft. It appears this trend may be accelerating. Apple is the latest major U.S. corporation to move a large part of its manufacturing out of the communist-controlled country. Milton Ezrati, author and economist, discusses what’s happening.
Carvana shares plummeted, and fears are growing it’ll go bankrupt after getting downgraded by a rating agency. The District of Columbia is suing Amazon, saying it stole tips from its delivery drivers for two and a half years. More signs supply chain problems are starting to resolve: Shipping times and prices are both down. How […]
Facebook parent company Meta is threatening to remove all news from its platform, in light of a new bill in Congress that could take money from Meta and give to news organizations. General Motors gives a reason for suspending advertising on Twitter. It claims it’s not because of free speech ideals. The latest big company to […]
WASHINGTON—U.S. manufacturing activity grew at its slowest pace in nearly 2–1/2 years in September as new orders contracted amid aggressive interest rate increases from the Federal Reserve to cool demand and tame inflation. The Institute for Supply Management (ISM) survey on Monday also showed a measure of manufacturing employment contracted last month for the fourth […]
WASHINGTON—U.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an imminent recession but not change the view that economic growth in the second quarter was tepid. The economic picture is, however, becoming increasingly muddled. Manufacturing production slumped for a second […]
The latest jobs report: American employers hired nearly 430,000 more workers last month. What industries are doing the hiring? The FDA is limiting the use of Johnson and Johnson’s COVID-19 vaccine. What’s the reason for its latest setback? A massive fight breaks out in Shanghai between locals and authorities. Fiji seizes the yacht of a […]
