Following plant closures due to the first downturn in sales since entering the market 20 years ago, the German supplier now only has seven plants in China. The company intends to review its capacities further.
By Carolyn Braun
TSMC CEO C.C. Wei will break ground for the construction of the chip company's Dresden plant on August 20. Construction is expected to start by the end of 2024. The plant, named European Semiconductor Manufacturing ESMC, is expected to go into operation in late 2027.
By Carolyn Braun
Due to over 1,000 outstanding comments on the increased US tariffs, the introduction planned for Thursday will be postponed by at least two weeks. Among other things, semiconductors and e-vehicles are affected.
By Christiane Kuehl
Car buyers in China who scrap an old car are now eligible for a higher cash subsidy when buying a new model. However, the measure only applies to smaller models. The government wants to boost the economy in this way after the Third Plenum.
By Christiane Kuehl
Just a few days after the Ukrainian Foreign Minister visited China, Kyiv has already extended a return invitation to his Chinese counterpart Wang Yi. Beijing is apparently interested in the contact.
By Christiane Kuehl
Taiwan wants a certain proportion of offshore wind turbines to be manufactured locally if foreign companies participate. That is why the EU has now requested talks at the WTO.
By Amelie Richter
Chinese smartphone manufacturers are increasingly snatching market share from their foreign competitors. Apple's iPhone is particularly affected. The biggest profiteer is Huawei.
By Michael Radunski
Giorgia Meloni has signed an agreement with President Xi Jinping on more economic cooperation. Relations between Italy and China have recently been bumpy after the country's withdrawal from the "New Silk Road" project.
By Michael Radunski
EU Foreign Affairs Representative Josep Borrell met with China's Foreign Minister Wang Yi in Laos. After the meeting, there were differing opinions as to what role Beijing's proposal for a peace plan for Ukraine should play.
By Amelie Richter
Mercedes' profits have fallen sharply due to slowing business in China: like Volkswagen and BMW, the German manufacturer is losing more and more market share. However, as Mercedes sells every third car there, China remains important.
By Felix Lee
