Day: June 19, 2017
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Bosch to build gigantic semiconductor production plant in Germany
German industrial giant Bosch is building a massive semiconductor production plant which would represent the single largest investment in the company’s 130-year history. The high-tech facility, to be located in Dresden, would employ around 700 staff working on 300-millimeter semiconductor chips which Bosch says has growing applications in the automotive market, smart cities and on…
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China says its Belt & Road initiative is a way out of the global economic slump
China is planning to create what looks like will be the largest, longest and most complex logistics network in history – at a cost to itself of almost $1 trillion. The so-called Belt & Road Initiative will virtually encircle China, most of Asia and much of Europe, and will mostly consist of interconnected roads, but…
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Kuka to build personal assistance robot business with Midea
Kuka, one of the world’s largest manufacturers of industrial robotic arms, is planning to expand into the area of personal assistance robotics. This is according to an article on FT.com, which quotes Kuka chief executive Till Reuter. Reuter told the FT that he sees potential for using Midea’s reach into the household appliances market to…