U.S. bound 5G equipment should be made outside China: U.S.

The Trump administration is exploring rules that will require all 5G cellular equipment destined for the United States to be designed and manufactured outside of China. According to a report from the Wall Street Journal, U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed…

HSBC Holdings Plc backs Hong Kong-based tech startup Serai

Serai aims to be the LinkedIn for global trade which links manufacturers to component suppliers. In a significant development, HSBC Holdings Plc is backing the launch of Serai, a Hong Kong-based technology startup that aims to “connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push”.…

Apple likely to move 15%-30% of production to locations outside of China

According to Apple, the risks of depending too heavily on manufacturing in China are rising and are far too great. Regardless of how the U.S.-China trade is resolved, the production shift will take place. In a significant development, the Nikkei Asian Review has reported that Apple Inc has asked its major suppliers to assess the…

AirAsia converts order for 253 Airbus A320neo to A321neo

The A321XLR has a longer range of 4,700 nautical miles. In a significant development, the AirAsia Group, the world’s largest customer for Airbus’ A321neo, stated it has decided to convert 253 orders for Airbus’ A320neo planes to the larger A321neo model. “The change will enable the airline to offer higher capacity in response to ongoing…

Nvidia expands further into self-driving market with AB Volvo truck deal

Nvidia’s graphic chip will be powering the machine learning algorithms that will enable Volvo’s self-driving trucks to navigate from production facility to warehouse. In a significant development, Sweden’s AB Volvo stated, it will collaborate with Nvidia to develop artificial intelligence used in self-driving trucks. The agreement marks a long-term strategic partnership which spans several years.…

Next-gen fighter jet and drone will have to competitively priced: French defense minister Florence Parly

France and Germany are spearheading the development of the 5th generation fighter jets, as well as a range of associated weapons, which will include weaponized drones. French defense minister Florence Parly highlighted the need to make the next-generation drone being developed by several European nations price competitive. France and Germany are spearheading the development of…