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Transition trouble: German car suppliers struggle with electric shift
After years earning bumper profits by producing parts for fossil fuel-powered cars, German suppliers to the crucial auto industry are struggling as the transition to electric mobility gathers pace. And with the transition moving at different paces around the world, industry players see an appetite for traditional combustion engine products for years to come.
Dutch chip tech giant ASML posts sales dip, eyes bright future
Dutch tech giant ASML Wednesday posted slightly weaker sales and profits in the third quarter compared with the previous three months, amid a growing semiconductor trade spat between the West and China.
Tech giants Foxconn, Nvidia announce they are building 'AI factories'
Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create "AI factories", powerful data processing centres that would drive the manufacturing of next-generation products such as electric cars.
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