President Donald Trump blocked a Chinese-backed investor from buying Lattice Semiconductor Corp., casting a cloud over Chinese deals seeking U.S. security clearance and spurring a call for fairness from Beijing. It was just the fourth time in a quarter century that a U.S. president has ordered a foreign takeover of an American firm stopped on national-security concerns.
The latest available 2016 data show continued strong investment relationships with the United Kingdom, Canada, Japan, and Germany, all of which are historically large sources of investment into the United States. In fact, these top four sources of direct investment alone account for nearly half of all FDI in the United States. However, compared to the previous year of available data, this concentration has slightly dissipated, with economies like Ireland and Switzerland gaining overall shares of U.S. FDI.
A few years ago 3D printing was supposed to be the next big thing, but progress has been slower than those in the industry had hoped. The cost of 3D printers has come down, but they’re not much more capable than they were when they cost thousands of dollars.
The Seattle-based cybersecurity firm found major security flaws in industrial models sold by Universal Robots, a division of U.S. technology company Teradyne Inc. It also cited issues with consumer robots Pepper and NAO, which are manufactured by Japan’s Softbank Group Corp., and the Alpha 1 and Alpha 2 made by China-based UBTech Robotics. These vulnerabilities could allow the robots to be turned into surveillance devices, surreptitiously spying on their owners, or let them to be hijacked and used to physically harm people or damage property, the researchers wrote in a report...
A strong manufacturing ecosystem that includes manufacturing engineering education is critical to ensuring the future vitality and innovation of manufacturing initiatives in the US. So it was welcome news to learn that the DOD is developing a new manufacturing engineering education (MEE) grant program, authorized by Congress with initial funding of $10 million for fiscal 2017.
It's true that many jobs have gone overseas, to places where workers are willing to toil for less money. Yet at the same time, American manufacturers have actually added nearly a million jobs in the past seven years. And federal statistics show nearly 390,000 such jobs open. The problem? Many of these are not the same jobs that for decades sustained the working class.
With more factory jobs now demanding education, technical know-how or specialized skills, many US plants are struggling to fill positions.
The new factory that the two makers will set up at a yet-unannounced U.S. location will be capable of producing 300,000 vehicles a year, that output divided between the two companies. How much each would get is unclear, however. The factory will “create up to 4,000” U.S. jobs. That is a large number in today’s highly automated automotive manufacturing world, and suggests that the two partners intend to produce at least some key EV drivetrain components at the facility -- possibly including batteries.
Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts. The company said it plans to invest $10 billion over four years to build a 20-million square foot plant that could eventually employ up to 13,000.
Robotics are about to take off, with applications for the technology expanding across many different industries, said Susan Teele, the head of marketing and communications for the Pittsburgh-based Advanced Robotics for Manufacturing Institute (ARM). A push to make robots more easily customized and more flexible will especially increase their use, she added.