Teco Electric & Machinery is constructing a factory in India and will complete it at the end of 2022, according to company president Thomas Fann at an August 16 investor conference.

Apple reportedly is urging suppliers to build more test production lines in Vietnam, a move highlighting the country’s upgrading manufacturing capabilities. Indonesia wants not only made-in-Indonesia’s Tesla batteries but also cars.

On August 2-3, the US speaker of the House of Representatives, Nancy Pelosi, visited Taiwan for 16 hours. It was a visit of seismic proportions along the Pacific Ring of Fire. Speaker Pelosi became the highest-ranking US official to visit Taiwan since the unannounced stopover by then-speaker Newt Gingrich in 1997. China has reacted to speaker Pelosi’s visit by vehemently condemning the visit, noting that it will undertake “resolute, forceful, and effective” responses. Should we be concerned? The answer is yes.