Day: August 19, 2020
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Panasonic to invest extra $100 million in battery-making factory in the US
Panasonic is to invest an additional $100 million in a battery-making factory it is building in Nevada, US, according to Nikkei Asian Review. The so-called “Gigafactory 1” is currently equipped with 13 production lines, but the new investment will enable Panasonic to add an extra line and increase capacity by 10 percent. The expansion is…
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Apple poised to become $2 trillion company
US tech giant Apple is poised to become a $2 trillion company “very soon”, according to the Wall Street Journal. The company was the first to achieve a trillion-dollar market capitalization a couple of years ago, and today is about 1 percent below the level needed to exceed $2 trillion. Apple is somewhat different from…
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Luxshare buys iPhone assembly factory and becomes bigger than Foxconn
Chinese hi-tech manufacturer Luxshare Precision Industry has bought an iPhone assembly factory from Wistron and has become bigger than Foxconn in terms of market capitalization. Although Luxshare is well known in the industry, it’s not as famous as its Taiwanese rival Foxconn, which also goes by the name of Hon Hai Precision and has been…
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Baemin launches outdoor delivery robot in South Korea
A company called Baemin, or Baedal Minjok, whose parent company is the better-known Woowa Brothers, has launched an outdoor delivery robot which is expected to be used for food deliveries. The robot is in service at the Gwanggyo Alley Way, a multipurpose housing complex in Gwanggyo, a planned city 25 km south of capital city…