On Wednesday, Taiwanese electronics manufacturing giant Foxconn stated, it will partner with U.S. firm Medtronic Plc to manufacture ventilators to help patients afflicted by the Wuhan coronavirus outbreak. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn is best known for assembling Apple’s iPhones at factories in China. Foxconn’s statement, released through the company’s…
In a video posted on Tesla’s YouTube channel, Tesla’s engineers have showcased a prototype for a ventilator. Tesla is gearing to produce thousands of ventilators to help hospitals around the country who have been overwhelmed by the Wuhan coronavirus outbreak. According to one of the engineers, the design relives heavily on Tesla car parts. This…
In a statement, Ford Motor Co said it will produce 50,000 ventilators over the next 100 days from its plant in Michigan in collaboration with General Electric’s healthcare unit. Following this, it can build 30,000 ventilators per month so as to treat patients afflicted with China’s Wuhan coronavirus. The simplified ventilator design, licensed by GE…
On Thursday, Finland’s Nokia Oyj stated, it has entered into partnership with Intel to speed up the shift to 5G. The announcement comes a day after a similar deal was made with Marvell Technology. Nokia has struggled to speed up the development of its Reefshark system on chips (SoC), which has been slower-than-expected; Nokia’s Reefshark…
In a significant development, Lam Research Corp has released its first major new tool in two decades for producing more precise three-dimensional details on computer chips that play a vital role in today’s digital society. Lam Research has also committed to boosting its dividends each year and returning more cash to investors. Executives from Lam…
On Wednesday, Japanese news daily the Nikkei reported that Tesla and Panasonic are ending their partnership to produce solar cells following the Japanese electronics company ramping up efforts to divest unprofitable businesses. The development comes in the wake of Tesla diversifying away from Panasonic as its sole battery supplier for electronic vehicles after it brought…
Pegatron is partnering with Indonesia’s PT Sat Nusapersada to produce chips for Apple smartphones. According to a statement by Indonesia’s deputy industry minister, Warsito Ignatius, Pegatron, a Taiwanese electronics company has signed a letter of intent stating it aims to invest $695 million to $1 billion (10 trillion to 15 trillion rupiah) in an Indonesian…
Volkswagen is aiming big for the burgeoning electric car market. It is not only retooling 16 of its plants to produce electric cars, it is also pushing its battery partners to to invest heavily in battery cell manufacturing. In a significant development of strategic importance, Volkswagen is pushing its joint venture partners including SK Innovation…
Details of the joint venture plan could officially be released for public consumption as early as this week. As per a source familiar with the matter at hand, Toyota Motor Corp and Panasonic Corp are slated to launch a joint venture to produce batteries for electric vehicles (EV). The joint venture, in which Toyota will…
Toyota will gain full control over the factory in 2021 which will continue to produce current generation compact cars for both companies. On Friday, both Toyota and the PSA Group stated, the former has agreed to to purchase the latter’s stake in a jointly-managed Czech Republic factory which specializes in the manufacture of small cars.…
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