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Luxshare buys iPhone assembly factory and becomes bigger than Foxconn

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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 Apple’s main contract manufacturer for many years.

Luxshare had previously been supplying individual components for iPhones but the Wistron factory purchase means that it can now provide assembled parts or complete devices. [Read more…] about Luxshare buys iPhone assembly factory and becomes bigger than Foxconn

Trump looking to ban Alibaba

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Alibaba, which at one time was the world’s largest e-commerce company, is in the sights of US President Donald Trump, according to Reuters.

Asked directly at a White House briefing if he was considering a ban on Alibaba, Trump replied: “We’re looking at other things, yes we are.”

Alibaba is a Chinese company most famous for its business-to-business website Alibaba.com, where qualified buyers can contact and do businesses directly with manufacturers and other industrial companies in China. [Read more…] about Trump looking to ban Alibaba

Canada imposes tariffs on US goods in retaliation

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Canada is to impose tariffs on American imports in retaliation for the recent decision by the US to levy a 10 percent tax on Canadian aluminum imports.

Canada’s deputy prime minister Chrystia Freeland says that the tariffs would match the US taxes “dollar for dollar”, according to a story on Manufacturing.net.

President Donald Trump (main picture) has been expressing his dissatisfaction with the terms of the North American Free Trade Agreement since coming to office and at one point wanted to take America out of it. [Read more…] about Canada imposes tariffs on US goods in retaliation

Campaign to Stop Killer Robots sends peace envoy robot to United Nations

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The Campaign to Stop Killer Robots – an actual political and social group run mostly by humans – has sent a peace envoy robot to deliver a letter to the United Nations building in New York, in the US.

According to the Guardian newspaper, the campaign group will give UN diplomats a letter in which it is demanding that the world stops the development of autonomous war machines.

These can include, but are not limited to, technologies such as drones, tanks and other other machinery controlled by an autonomous computer which is running artificial intelligence systems that decide whether to kill people or not. [Read more…] about Campaign to Stop Killer Robots sends peace envoy robot to United Nations

Electric cars: Germany to ban petrol engines from 2030

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Some say the traditional petrol-driven internal combustion engine is on the way out. 

It would seem inevitable, given that the alternative – the electric engine – is less harmful to the environment at the point of use.

The implications of the rise of the electric engine for the global oil business is beyond the scope of this article, but oil will probably continue to be important going forward because of its role in powering so many other sectors of industry.

But as far as the demands on the oil industry that road-going vehicles will make, it seems there is a definite downward trend emerging.

Perhaps the most significant recent development is the German government’s decision to ban the combustion engine effective 2030.  [Read more…] about Electric cars: Germany to ban petrol engines from 2030