Meta has announced a significant multiyear agreement with Advanced Micro Devices (AMD) to accelerate its artificial intelligence expansion, marking another major investment in computing infrastructure just days after committing to large-scale purchases of Nvidia processors. The social media giant said Tuesday that the deal will involve deploying up to 6 gigawatts of AMD’s graphics processing units across its AI data centers, along with AI-optimized central processing units designed to suppo

China’s manufacturing success was attributed to cheap labour. That perception has now changed completely. Factory wages in China have climbed close to eight dollars per hour, far higher than those in Vietnam, Malaysia, Thailand, and India. By cost logic alone, China should have lost its position as the world’s manufacturing hub. Instead, it continues to dominate global production, contributing nearly 28 percent of worldwide manufacturing output. The reason lies not in wages, but in produc

Amid ongoing geopolitical tensions, trade disputes, and armed conflicts across multiple regions, China quietly achieved two major economic milestones in 2025, underscoring its continued influence over global manufacturing and trade. Official data released this month shows that the country recorded the largest annual trade surplus in its history while further consolidating its position as the world’s leading automobile producer and seller. These achievements came despite persistent pressures

Nearly 1,000 workers across Illinois are expected to lose their jobs during the first half of the year, according to recent data released through the Illinois Worker Adjustment and Retraining Act. A spreadsheet published by the Illinois Department of Commerce and Economic Opportunity shows that employers across several industries issued layoff notices affecting a total of 985 employees during November alone. State officials reported that most of the layoffs are scheduled to begin in

An iconic feature of Newark’s industrial skyline is being dismantled as ownership of the city’s longtime Anheuser-Busch brewery changes hands. Crews arrived at the sprawling factory complex early Friday morning, signaling the start of work to remove the illuminated eagle that has stood above the brewery for decades. The towering sign, visible from surrounding neighborhoods and major roadways, has long been associated with the facility and has become a familiar sight for generations of res

India’s economy recorded a faster pace of expansion in the July–September quarter, with official data showing that gross domestic product rose 8.2% year-on-year. The acceleration reflects a combination of stronger consumer demand, a revival in manufacturing activity, and accelerated production schedules ahead of India’s major festive season. Economists had widely expected the quarter to deliver robust growth, but the latest figure surpassed the projected 7.3% expansion for the period, e

Nvidia made history on Wednesday by becoming the first publicly traded company to achieve a market capitalization of $5 trillion, marking a defining moment in the global technology and artificial intelligence landscape. The milestone underscores the company’s rapid evolution from a graphics chip producer into the backbone of the worldwide AI revolution, firmly establishing its leadership in a sector reshaping economies and industries. The Santa Clara, California-based firm’s sto

MARION, Ohio — Whirlpool Corporation announced Wednesday a $300 million investment across two of its key Ohio manufacturing facilities, marking one of the company’s largest expansions in recent years. The investment aims to strengthen Whirlpool’s production capacity for its next generation of washers and dryers, while also creating hundreds of new jobs and supporting thousands more indirectly across the state. According to the Michigan-based appliance manufacturer, the capital

A major coalition representing auto parts suppliers in the United States has issued a stark warning about the looming threat to the automotive supply chain caused by China's recent restrictions on rare earth exports. The group, MEMA – The Vehicle Suppliers Association – called for urgent government intervention, saying the limited access to these critical materials could quickly spiral into a nationwide auto manufacturing disruption. Rare earth elements, essenti

The long-awaited trade deal between India and the United States is expected to materialize in the near future, according to U.S. Secretary of Commerce Howard Lutnick. Speaking on June 2, 2025, at the eighth edition of the Leadership Summit hosted by the U.S.-India Strategic Partnership Forum in Washington, Mr. Lutnick shared insights on the progress of the negotiations, highlighting that India stands to gain favorable tariffs on multiple manufacturing sectors, providing it a competitive advan

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

In a series of statements that have stirred global business conversations, U.S. President Donald Trump has issued a stark warning to Apple, insisting that the tech giant must manufacture iPhones within the United States if it intends to sell them in the American market. Speaking from the Oval Office while signing multiple executive orders aimed at strengthening the U.S. nuclear power sector, Trump said it is acceptable for Apple to go to India to build plants, but under no circumstances

The recent developments in the semiconductor industry highlight a complex and evolving battle over technological supremacy, led prominently by the United States and China. When Huawei launched its Mate 60 Pro smartphone equipped with an advanced 7-nanometer chip despite stringent US export restrictions, it sent shockwaves through the global tech community. This event underscored that innovation can persist even in the face of severe sanctions. The US responded swiftly by tightening export contro

President Donald Trump on Wednesday hosted top global business executives at the White House for the “Investing in America” event, where he revealed over $2 trillion in new investment commitments aimed at strengthening U.S. manufacturing, infrastructure, and artificial intelligence leadership. Speaking in front of industry leaders from companies including Nvidia, SoftBank, GE Aerospace, Oracle, and OpenAI, Trump framed the gathering as a milestone in what he described as the most

In a bold and sweeping move that signals a major shift in strategy, Intel Corporation is reportedly planning to lay off 20 percent of its global workforce. The decision, expected to be formally announced this week, marks the first significant restructuring initiative under newly appointed CEO Lip-Bu Tan, who took charge in March this year. The news, reported by Bloomberg, indicates a new era for the once-dominant chipmaker as it seeks to reclaim its position in a rapidly changing semiconducto

Nvidia, the crown jewel of Wall Street's artificial intelligence boom, suffered a staggering market loss this week, shedding nearly 7% of its value — over $148 billion in market capitalization — following the U.S. government's renewed crackdown on advanced chip exports to China. The dramatic sell-off marks one of the most severe single-day hits for the tech giant and signals growing fragility in the semiconductor sector amid intensifying geopolitical tensions. The immediat

India’s Defence Minister Rajnath Singh today delivered a forward-looking and comprehensive address at the convocation ceremony of the 80th Staff Course at the Defence Services Staff College (DSSC) in Wellington. Stressing the importance of modernization, jointness, and preparedness, he urged the armed forces to be technologically empowered and resilient in facing evolving multi-domain threats in the current global security landscape. With 479 officers attending the 80th Staff Course, in

India is positioning itself to become a global player in the rapidly expanding fields of artificial intelligence (AI) and chip manufacturing. Experts believe the country’s entry into the AI space, akin to the emergence of China’s DeepSeek, will be driven by strategic public-private partnerships within the next 4-5 years. Kunal Bahl, co-founder of Titan Capital and a prominent entrepreneur, emphasized this potential growth in a conversation about India&

In a significant leadership change, Intel Corporation has appointed Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025. This move comes after Intel ousted its former CEO Pat Gelsinger following concerns about his ambitious turnaround strategy, which struggled to gain investor confidence. Tan, a seasoned semiconductor industry veteran and a former Intel board member, has a rich background in the tech industry. His appointment reflects Intel's commitment to retaining it