The first group of China-made products that the US Biden administration targets will see their tariffs rise on August 1, 2024, according to an announcement from the Office of the US Trade Representative (USTR) on Wednesday. Some machinery for America’s domestic manufacturing and solar production may be excluded temporarily.

The global foundry industry’s revenue declined about 5% sequentially but grew 12% year-on-year in the first quarter of 2024, according to Counterpoint Research.

The global electricity demand continues to rise, and Taiwan is not the only place experiencing power shortages.

As Ericsson scaled up its telecom gear production in India to meet local demand, the company plans to increase exports. This move aligns with the Indian government’s push to make the country a powerhouse in electronics manufacturing by encouraging local production.