Toyota’s move is aimed at tapping soaring demand for cars in Myanmar. On Thursday, Toyota Motor Corp stated it would open a manufacturing facility in Myanmar which will produce Hilux pick-up trucks from 2021. The automaker plans on assembling the trucks locally following soaring demand for cars in the emerging nation. The newly built plant…
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
SK Hynix, the world’s second biggest memory chip producer, will boost NAND memory chip production by more than 30% in the second half of this year. NAND memory chips are easier to assemble than DRAM chips. On Thursday, South Korean chipmaker SK Hynix Inc posted a record second quarter profit which underpins a continuation in…
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