WASHINGTON—A Taiwan-based company said it plans to build a $5 billion factory in Texas to make silicon wafers used in semiconductors, but the deal hinges on financial incentives bogged down…

The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…

The U.K.’s economy contracted for the second straight month in April, as surging inflation weakened consumer spending, and programs designed to contain the spread of Covid-19 were wound down. The U.K.’s…

Problems such as production hitches and a shortage of manufacturing equipment have raised concerns over the ability of TSMC and Samsung to meet delivery promises to customers. Source link

BRAZLÂNDIA, Brazil—Brazil is rushing to roll out high-tech alternatives to fertilizer to boost farm production because of global price surges exacerbated by Russia’s war in Ukraine. Drones fitted with cameras…

The chief executives of electric-vehicle startups Lucid Group and Rivian Automotive each received pay packages last year valued at over $400 million, as both companies raced to public markets and…

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Baby formula will remain hard to find until at least mid-July, industry executives said, despite efforts by manufacturers, the White House and regulators to ease a monthslong shortage. Abbott Laboratories…

Ford Motor Co. plans to add 6,200 union manufacturing jobs and invest $3.7 billion into plants in Michigan, Ohio and Missouri, as it looks to expand vehicle production and prepare…

Saudi Arabia took steps Thursday to boost oil production and extend a truce with Iran-backed forces in Yemen, two significant moves that help pave the way for President Biden to…