US entrepreneur Elon Musk faces increasing competition from Chinese rivals in sectors like electric cars, rockets, and robotics, as domestic competitors leverage integrated supply chains and fast-response manufacturing.
Beijing and Shanghai lead China's top AI companies, while second-tier cities like Hangzhou, Hefei, and Wuhan gain momentum due to academic talent concentration.
Four accessory retailers on Yu Chau (Bead) Street in Hong Kong's Sham Shui Po are closing by month's end, threatening the area's crafting heritage, with only a few such shops remaining.
Israeli defense officials in the IDF and Mossad have been shocked by the surprisingly rapid recovery of Iran's military capabilities, particularly in ballistic missile production, just four months after the main military campaign ended in April.
Semiconductor Manufacturing International Corporation is planning to add equipment to its factories after surging demand for mature-node chips used alongside AI processors exceeded expectations.
Czinger revealed its production BrakeNode, a 3D-printed integrated brake assembly, on the new 21C Spyder during Monterey Car Week, offering weight savings and easier servicing.
A powerful explosion struck a KNDS weapons factory near Rome, Italy, causing no casualties as many workers were away for summer holidays. The plant produces ammunition supplied to Ukraine.
Apple CEO Tim Cook and Commerce Secretary Howard Lutnick opened a new manufacturing facility in Houston, Texas, which will build Mac Minis and AI servers while offering free training.
SMIC and Hua Hong report substantial year-on-year profit increases of 261.7% and 385.9% to $479.2M and $38.6M, respectively, in Q2, driven by high demand for AI computing power, with Hua Hong's revenue reaching a record $717.5M.
A venture capital fund backed by China's YMTC has acquired a stake in semiconductor manufacturer SOI Micro, boosting Beijing's push for domestic chipmaking alternatives using FD-SOI technology.
China has detained multiple Japanese nationals, including corporate executives, for allegedly violating export restrictions on dual-use goods, according to a report by The Mainichi.
Multiple explosions occurred at a Bulgarian munitions storage facility near Belitsa after a delivery truck caught fire. No casualties were reported, and 300 employees of manufacturer EMCO were evacuated.
Chen Dingwei, 29, pleaded guilty in a US federal court to attempting to illegally purchase and export US military-grade satellite modems and radios to China, facing up to 20 years in prison.
Donald Trump has ordered a new 15% tariff on imported polysilicon effective December 4 to support US chip and solar supply chains against Chinese competition, prompting criticism from Beijing.
Hong Kong and Malaysia aim to strengthen economic ties in sectors like semiconductor manufacturing, as Trade Development Council chairman Frederick Ma Si-hang leads Hong Kong's largest business delegation to Malaysia.
Bangladesh expresses 'deep shock' after 16 of its citizens die in an unlicensed sofa factory fire in Saudi Arabia; authorities ensure repatriation of bodies and compensation for families.
Malaysian officials Redzuan Abd Rahman and Mohamad Termizi HJ Piee stated that economic ties between Malaysia and South Korea have entered a new phase, offering vast opportunities for South Korean companies to use Malaysia as a gateway to ASEAN.
Sony and TSMC are planning a joint venture to produce high-performance camera sensors at a Kumamoto plant, with mass production potentially starting in 2029.
Chinese electric vehicle sales across Western Europe reached a record 14.2% market share in the first five months of the year, driven by strong UK demand and Italian subsidies, though analysts suggest pure electric sales may have peaked.
Nearly a third of British manufacturers experienced cyber-attacks in the past year, causing lost production and costs, according to a MakeUK report highlighting escalating supply chain hacking risks.
Leaked emails reveal Anduril co-founder Palmer Luckey as a premier Republican fundraiser on the west coast, organizing events for top GOP figures while his defense tech startup secures major military contracts.
Even if Ukraine obtains a license to produce Patriot air defense systems from the US, launching production will take at least a year, Vladimir Zelensky said.
Berkshire Hathaway reported a 16% rise in Q2 operating earnings to $12.98 billion, driven by energy, railroad, and manufacturing strength. CEO Greg Abel deployed record cash, accelerating share buybacks to $4.5 billion and shifting Berkshire to a net equity buyer.
Apple plans to reinvest its multibillion-dollar tariff refund into shifting supply chains to the U.S., contrasting with smaller businesses using refunds merely to pay off debt and survive following the Supreme Court striking down previous tariffs.
