U.S. Manufacturing Output Softens in May

U.S. Manufacturing

New information has shown that production at U.S. factories unexpectedly fell in May, the latest in a string of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation. Slowing growth was indicated in other data showing a gauge of future economic activity declining in May for a third straight month. …

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Is a Recession Near?

recession

The following article is the cover story for this month’s issue of Manufacturing Outlook Digital Magazine. For a limited time, we’re offering Manufacturing Talk Radio listeners a FREE subscription. Visit Manufacturingoutlook.com to subscribe today!     By Tim Grady What’s Up? There is a swirl of factors rising into an economic tornado that could tear …

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Over 100 CEOs Urge U.S. Congress to Pass China Competition Bill

China Competition Bill

This past Wednesday, chief executives from companies like Google, Amazon and Microsoft called on Congress to pass legislation aimed at boosting U.S. economic competitiveness against China, including chip manufacturing. Over 100 executives signed a letter urging the U.S. House of Representatives and Senate, which each have passed different versions of the legislation, to reach an …

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New Rare Earth Manufacturing Facility to Open in Oklahoma

rare earth

This Tuesday, Oklahoma Governor Kevin Stitt and the President of USA Rare Earth announced plans for a $100 million metal and manufacturing facility in Stillwater that’s expected to create more than 100 jobs. “Currently, the United States, European Union, Japan, and much of the developed world is largely reliant on China for critical rare earth …

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U.S. Investigates Chinese Companies Over Export Sanction Issues

China Sanctions

U.S. Commerce Secretary Gina Raimondo said on Tuesday that the Biden administration is actively considering adding new Chinese companies to the government’s economic blacklist as it investigates what it calls efforts by China to evade U.S. sanctions. The Commerce Department’s Entity List is used to restrict access to U.S. exports. Raimondo told reporters that the …

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Chinese EV Maker NIO Looking to Expand to U.S.

According to a new report from China Business News, Chinese EV producer NIO is looking to hire a number of positions related to manufacturing vehicles in the U.S. The recruitment descriptions suggest the Chinese automaker intends to begin planning and erecting EV production facilities on U.S. soil that may start with complete knock-down (CKD) or …

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Michigan Governor Announces $1.5 Million for Semiconductor Investments

Semiconductor Manufacturing

SEMI, the global industry association that unites the entire electronics manufacturing and design supply chain, Michigan Governor Gretchen Whitmer, and the Michigan Economic Development Corporation recently announced new funding for the SEMI Foundation that will see the development of the SEMI Career and Apprenticeship Network (SCAN) in the state. The recently approved CHIPS Act is …

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Hyundai to Invest $5 Billion in U.S. Manufacturing

U.S. Manufacturing

On Sunday, Hyundai announced new plans to commit a further $5 billion towards investing in American manufacturing and innovation. The funds will support the company’s work in electric vehicles, robotics, air taxis, self-driving cars and artificial intelligence. This new announcement follows the automaker’s other major announcement last week regarding their plans to build an all-EV manufacturing …

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Georgia Solar Panel Manufacturing Grows Again With New Factory

Solar

This Thursday, South Korean-based PV solar-cell manufacturer Q Cells announced its plans to open a new solar panel manufacturing facility in Dalton, GA. The new facility will be built as an expansion to Q Cells’ existing facility in the area.  The expansion is expected to cost $171 million and will create 470 new jobs once …

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Commerce Secretary Warns U.S. Must Secure a Future for Chip Industry

Chip Industry

This past Wednesday, U.S. Commerce Secretary Gina Raimondo urged Congress to pass the CHIPS (Creating Helpful Incentives to Produce Semiconductors) for America Act in order to safeguard national security and the future of the economy. The bill aims to incentivize investment in U.S. semiconductor manufacturing, research and development and supply chain security, providing income tax credit …

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