By John Richardson
JUST 5% of US companies with revenues of more than $500m plan to relocate operations out of China, according to the latest survey by the American Chamber of Commerce in Shanghai. This partly reflects highly networked manufacturing clusters, wrote the Australian Strategic Policy Institute in this excellent article.
“Automotive and electronics clusters are increasingly important in Chongqing, smartphones come from Shenzhen, and a quarter of the world’s optical fibre comes from Wuhan,” said the same article.
Network clusters generate advantages including increased productivity through specialised inputs and more rapid innovation through cooperative research; also, in business speak, what is called “competitive striving”. New business formation is more likely to take place inside rather than outside clusters because of the above benefits.
Trump takes parting shot at Huawei - Mobile World Live mobileworldlive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mobileworldlive.com Daily Mail and Mail on Sunday newspapers.
DAGANG NeXchange Bhd’s (DNeX) bid for Khazanah Nasional Bhd’s semiconductor fabricating company SilTerra Malaysia Sdn Bhd, is only valid until the end of this month. That is because its Chinese partner Beijing CGP Investment Co Ltd’s approval from its government to take funds out of the country for the purpose of acquiring SilTerra will lapse at end-January, according to sources close to DNeX.
“If the government and Khazanah cannot make a decision before Jan 31, the approval will lapse and it will not be easy to request for another approval to take out the funds,” one of the sources tells The Edge.
Chinese investors have rushed into the domestic chipmaking sector, as they remain positive on the industry’s growth after being cornered by the Trump administration, industry analysts said on Sunday.
Nutson s Auto News Weekly Wrap Up - January 10-16, 2021
Below are the past week s important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy to digest news nuggets.
AUTO CENTRAL CHICAGO January 17, 2021; Every Sunday Larry Nutson, The Chicago Car Guy and Executive Producer, with able assistance from senior editor Thom Cannell from The Auto Channel Michigan Bureau, compile The Auto Channel s take on this past week s automotive news, condensed into easy to digest news Nuggets.
LEARN MORE: Links to full versions of today s news nuggets along with a million pages of the past 25 year s automotive news, articles, reviews and archived stories residing in The Auto Channel Automotive News Library can be found by just copying and then inserting the main headline into the News Library Search Box.