March 28, 2024

The U.S. purchased 2.8 million barrels of crude for the nation’s emergency oil cache as it seeks to replenish depleted supplies. The Energy Department has been slowly refilling the Strategic Petroleum Reserve after it reached a 40-year-low following the Biden […]

March 27, 2024

Aviterra, a Dubai-based company concluded a historic deal with PAL-V to bring the Liberty flying car to the Middle East and Africa. Aviterra is acquiring over 100 PAL-V Liberty flying cars, making an investment, and formalizing a partnership for the […]

March 27, 2024

In the wake of a chaotic few years in the global supply chain, including factors such as geopolitical tensions, trade disputes, and climate change-induced disruptions, manufacturers have recognized supply chain resiliency as vital to their success. What many may not […]

March 27, 2024

Landmark Ceramics UST, Inc. will invest $71.9 million to expand its tile production manufacturing facility in Mt. Pleasant, Tennessee. The company will increase its footprint by more than 400,000 square feet and create 78 new jobs in Southern Middle Tennessee. […]

March 25, 2024

The Biden administration announced Monday that it will provide $6 billion in funding to 33 projects across the United States to help “decarbonize energy-intensive industries, reduce industrial greenhouse gas emissions, support good-paying union jobs, revitalize industrial communities, and strengthen the […]

March 22, 2024

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, totaled $338 million in January 2024, a 31% decline from December and a 3.7% decline from January 2023. The […]

March 22, 2024

Today, the U.S. Treasury Department and Internal Revenue Service (IRS) released guidance that provides additional information about the bonus for clean energy projects and facilities under the Inflation Reduction Act (IRA). This bonus is intended to help energy communities harness […]

March 21, 2024

U.S. manufacturing activity expanded by the most since mid-2022 as production and factory employment growth accelerated along with measures of inflation. The S&P Global flash March factory purchasing managers index edged up 0.3 point to 52.5, marking the third straight […]

March 20, 2024

The Commerce Department will award Intel up to $8.5 billion and provide the American company with up to $11 billion in loans through the CHIPS and Science Act fund, President Biden announced on Wednesday during a visit to Intel’s campus […]

March 20, 2024

Five companies which were building facilities to supply TSMC and Intel’s delayed new fabs in Arizona have halted construction plans, reports the Nikkei. The companies are: LCY Chemical, Solvay, Chang Chun Group, KPPC Advanced Chemicals (Kanto-PPC) and Topco Scientific. The […]

March 19, 2024

In December U.S. Sens. Sherrod Brown (D-OH), Tom Cotton (R-AR) and a dozen other colleagues sent a letter to the Biden administration’s national security advisor alleging Mexico, in breach of a trade deal it reached with the United States in […]

March 18, 2024

Artificial intelligence has certainly taken root in the manufacturing sector as organizations are realizing AI and humans must coexist to function effectively and productively. As AI continues increasing in prominence across the board – with projected growth of 37% until […]

March 14, 2024

Following a slump in profits in 2023, German container shipping company Hapag-Lloyd expects earnings to decline again in 2024. “We have made a satisfactory start to the current financial year, but the economic and political environment remains volatile and challenging […]

March 13, 2024

This week marks the third anniversary of the American Rescue Plan Act of 2021 (ARP), and Secretary of the U.S. Department of the Treasury Janet L. Yellen marked the occasion with a visit to Elizabethtown, KY to tour the new […]

March 13, 2024

China’s Xiaomi to start first EV deliveries this month, reports Reuters, on the smartphone manufacturer’s pivot to electric vehicle production. Tesla’s Chinese rival is launching more cheap EVs, reports Quartz, on the new BYD product that retails in China for […]

March 12, 2024

The United Steelworkers (USW) joined with several other trade unions on Tuesday to officially file a “Section 301” petition urging the Biden administration to launch an investigation into China’s commercial shipbuilding. USW International President Dave McCall officially unveiled the petition […]

March 11, 2024

Hexagon’s Manufacturing Intelligence division has announced the launch of a new type of high-productivity structured light scanner. Built on a completely reengineered platform, the SmartScan VR800 is the first optical 3D scanner on the market with a motorised zoom lens […]

March 8, 2024

In Q3, the company plans to tape out its first large language model chip and, in Q1 2025, intends to IMG_0296-150×150.webpmake it available to early customers. Taalas has raised $50 million dollars over two rounds of funding led by Pierre […]

March 7, 2024

Manufacturers that fail to get their data in order risk being left behind their rivals, a new report from Hexagon reveals. The global survey of more than 500 manufacturing leaders, conducted by Forrester Consulting and commissioned by Hexagon, found that […]

March 7, 2024

Rivian Automotive is halting plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle. The decision will save the automaker more than $2.25 billion […]