An anonymous reader quotes a report from Reuters: Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains. The plans could usher in billions of dollars in badly needed fresh investments over the next…
Tag: trade war
Hackers Could Use IoT Botnets To Manipulate Energy Markets
An anonymous reader quotes a report from Wired: At the Black Hat security conference on Wednesday, [researchers at the Georgia Institute of Technology] will present their findings, which suggest that high-wattage IoT botnets — made up of power-guzzling devices like air conditioners, car chargers, and smart thermostats — could be deployed strategically to increase demand at certain times in any of…
Apple Supplier Foxconn To Invest $1 Billion In India
Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones. Fox Business reports: The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing…
Chip Industry Had Worst Sales Year Since Dot-Com Bubble Burst
The semiconductor industry last year suffered its worst annual slump in almost two decades, hurt by a trade war between the largest chip producer, the U.S., and the largest consumer, China. Bloomberg reports: Revenue fell 12% to $412 billion in 2019, the Semiconductor Industry Association said Monday in a statement. That’s the biggest drop since 2001, when industry sales slumped 32%…