The South Korean carmaker, which makes the popular Ioniq 5 and EV6 electric cars, said it would reach its targets in part by optimizing its production processes, logistics and sales by region.

In 2022 alone, companies announced more than $73 billion in planned projects — more than three times the previous record, set in 2021.

Recent military exercises held by Beijing around Taiwan have reignited concerns about the world’s dependence on the island for semiconductors.

Companies must incorporate supply chains into their strategies not only as an opportunity to cut costs, but also as a competitive differentiator.

Taiwan’s orders for all major product categories fell, with optical products, plastics and basic metals registering the biggest contractions.

Manufacturers at the start of their modernization journey have the most to gain from upgrades to their data management and automation processes.

China is expressing concern as Apple diversifies its supply chain away from production there.

Imagine an individual sitting on their living room couch and wearing VR goggles, not to play a video game but to carry out a day’s work of production.

Beijing is preparing to unleash a $143 billion aid package for its chip industry, but it’s not clear how much impact this will have, given the mixed results from the tens of billions that China has already funneled into the sector.

The company said it plans to stay on course with its expansion, and that the technology is safe for the road.