US local governments focus on targeted industry incentives to attract investment

In the US, local government incentive programs for business attraction primarily hinge on factors such as the number of jobs created, salaries, duration, and capital investment amounts. In recent years, economic development strategies across various states have evolved from generic incentives to more focused, strategic approaches closely aligned with national objectives.

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BYD bets big on Europe with megawatt EV chargers as domestic market wobbles

BYD is accelerating its European expansion with plans to deploy megawatt-level (MW) ultra-fast charging stations—despite intensifying scrutiny at home and industry doubts abroad. The bold initiative marks a pivotal step in the Chinese EV giant’s bid to deepen its foothold in a region where charging infrastructure remains a major obstacle to mass electric vehicle adoption.

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Everlight pivots to SiC and photonics amid pricing wars

Everlight Electronics, a longtime profit leader in Taiwan’s LED packaging sector, plans to begin pilot production of SiC components in the second half of 2025. Chairman Robert Yeh said the company is confident it can replicate its LED market success in the competitive SiC space. The initial rollout will target discrete power devices, particularly MOSFETs, where Everlight aims to capitalize on cost efficiencies to stay competitive against aggressive Chinese pricing.

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Horizon Fixture sees steady US demand amid customs inspection delays, eyes global expansion

Horizon Fixture Group reported resilient demand from key US retail clients—including Home Depot, Lowe’s, and Kohl’s—despite challenges posed by prolonged US customs inspections. The company noted that order recognition for some shipments has been delayed due to cumbersome US customs inspection procedures, but deferred orders are expected to be gradually recognized from June 2025, which could bolster operational momentum in the months ahead.

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