The governments of South Korea and Ethiopia opened the “Textile Techno Park” at the weekend, the Ethiopian Broadcasting Corporation reports. The subject of a memorandum of understanding signed back in…

UK headquartered machinery maker JCB plans to build a 67,000-sq-m factory on a 400 acre plot in San Antonio, Texas. It will be the company’s second in the US following…

US tech company Intel is to receive $11bn in subsidies for its planned chip fabrication facility in the Germany city of Magdeburg, the Bloomberg news agency reports. Intel originally estimated…

Finnish modular builder Admares has announced plans to build a $750m “mega factory” in the city of Waycross in southeast Georgia. The 2.5 million sq ft factory will create an…

Germany’s Bosch plans to acquire the assets of US chipmaker TSI Semiconductors, based in Roseville, California, and invest $1.5bn in retooling its semiconductor production facilities. Now TSI’s 250 staff produce…

Samsung Electronics has revealed plans to invest $230bn over the 20 years to develop the world’s largest silicon chip fabrication industry. The company, which is the world’s largest maker of…

US chipmaker Wolfspeed yesterday announced plans to invest $3bn in a semiconductor plant in the western German state of Saarland. The factory, which Wolfspeed says will be the largest and…

Philippines rebar giant SteelAsia and China’s BaoSteel will join forces to build a $2bn factory in the Philippines capable of producing 3 million tons of molten steel, the company said.…

Taiwanese chip maker TSMC will more than triple its investment in Phoenix, Arizona from $12bn announced in 2020 to $40bn by adding a second factory (called a “fab”) to produce…

German auto-maker Volkswagen has given the green light to a €2bn electric vehicle (EV) plant at its home base of Wolfsburg-Warmenau in Lower Saxony.