Tag: Featured

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 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 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 […]

March 6, 2024

Marc Segura, President ABB Robotics Division, identifies three drivers for robotics-driven AI solutions in 2024, as ABB continues expansion in new segments not previously served by robotic automation. “The coming year will see a growing focus on the critical role […]

March 5, 2024

Global motion technology company Schaeffler will expand its operations in the U.S. with the addition of a new manufacturing facility focused on producing solutions for the electric vehicle (EV) industry. Schaeffler will invest more than $230 million to build the […]

March 4, 2024

The use of data analytics in manufacturing is growing. Automakers must keep up with this shift if they hope to remain competitive, but not all data initiatives are equal. As auto manufacturers become more data-centric, they should prioritize cloud adoption […]

February 29, 2024

Fourth-quarter financial results from within the trucking industry showed carriers continue to navigate a sluggish market with little signs of a turnaround, according to analysts. “On the truckload side, we’re still searching for a way out,” TD Cowen analyst Jason […]

February 29, 2024

Dr. Jung Unho’s research team at the Hydrogen Research Department of the Korea Institute of Energy Research (KIER) has developed Korea’s first clean hydrogen production technology. This technology is based on ammonia decomposition and does not use fossil fuels. The […]

February 28, 2024

This week, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce Michigan Strategic Fund (MSF) approval of two projects in the future mobility and green energy sectors. Together, the Corning Incorporated and Lucid Motors projects will generate […]

February 26, 2024

Last week, Medtronic said it would shut down its ventilator product lines and reorganize the remaining patient monitoring and respiratory interventions businesses into a new unit, called Acute Care and Monitoring. The decision reverses a planned spin-off of the businesses […]