Taiwan Semiconductor Manufacturing Co. (TSMC), a global leader in semiconductor fabrication, is set to receive a significant boost in the U.S. with up to $6.6 billion in funding from the U.S. government.

The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.

In 2020, the aerospace industry faced a significant upheaval due to the COVID-19 pandemic, resulting in a sharp decline in travel demand, plummeting aircraft orders, and a major impact on aerospace suppliers.

The growing importance of critical minerals for green energy, defense systems, and high-tech applications, coupled with supply chain vulnerabilities, is driving increased attention to diversify and secure these supply chains.

The global shift towards supply chain localization and reshoring is gaining momentum as geopolitical tensions, trade issues, energy security concerns, and the pandemic have exposed vulnerabilities in the global supply chain system.

Three major truck and engine manufacturers, including Accelera by Cummins, Daimler Trucks & Buses US Holding LLC, and Paccar, have initiated a joint venture worth an estimated $2 to $3 billion to produce battery cells in the United States.

According to the U.S. Fashion Industry Association's latest industry survey, nearly 80% of fashion executives intend to decrease their sourcing from China over the next two years.

The construction industry in America is facing an acute labor shortage of approximately 650,000 workers, which is slowing down the completion of various projects, from residential homes to infrastructure and hospitals.

Volvo Trucks North America is recalling 63,095 trucks in the U.S. and Canada due to a potential issue with the windshield wiper motor.

Rocky Mountain Chocolate Factory is ahead of its cost-savings schedule, successfully reducing expenses through improved inventory management and demand planning.

Auto parts manufacturer Hota Industrial Manufacturing is planning to invest $72 million in setting up a facility in Santa Teresa, New Mexico.

United Auto Workers (UAW) President Shawn Fain is leading the union with a new, politically savvy strategy in contract negotiations with Detroit automakers.

China's trade outlook is dim as exports experienced a significant drop for the second consecutive month, falling 12.4% in June compared to the previous year.

China's recent decision to impose export controls on gallium and germanium, key metals used in advanced technologies, demonstrates the country's ability to retaliate against the US, Japan, and Europe's efforts to limit China's access to technology.

94 % of the roads in the U.S. are paved with asphalt.

The Pentagon has started utilizing the $600 million Defense Production Act funding allocated from the $40 billion Ukraine aid package.

Airbus forecasts that over the next 20 years, approximately 40,850 new jets will be delivered by aircraft manufacturers as airlines expand their fleets and replace older planes with more fuel-efficient models, with Asia being a significant driver of this growth.

General Motors (GM) has revealed its plan to invest $632 million in an Indiana plant for the production of the next generation of full-size pickup trucks.

A recent study conducted by Sikich, a Chicago consulting firm, reveals low optimism among manufacturing industry leaders due to rising interest rates, economic challenges, and a talent shortage.

The Indus Motor Company (IMC) in Pakistan, which manufactures Toyota vehicles, has experienced ongoing production problems due to inventory shortages.