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The Latest Breaking News from Nikkei Asia

Acura VP Says NSX Likely To Return With All-Electric Propulsion

Acura VP Jon Ikeda says a third-generation NSX would be the perfect platform to highlight the brand's shift from ICEs to battery-electric propulsion.

InsideEVs

Acura Reiterates The NSX Will Likely Return As An Electric Supercar

Acura VP Jon Ikeda says: "I would bet on it."

Motor1

Report: Apple Suppliers to Make Apple Watch and MacBook in Vietnam

Apple Inc's suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple's Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have started test production of Apple Watch and MacBook in Northern…

Asharq Al-Awsat

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U.S. Vice President Harris to attend Abe's state funeral - Nikkei

U.S. Vice President Kamala Harris will attend former Japanese Prime Minister Shinzo Abe's state funeral on Sept. 27, Nikkei Asia reported on Sunday.

Reuters

Pakistan army chief seeks assistance from US amid rising risk of debt default

NEW DELHI: In a bid to avert a default in debt payment, Pakistan army chief General Qamar Javed Bajwa has reached out to the United States seeking help in securing an early loan disbursal from the International Monetary Fund (IMF), a report by Nikkei Asia said on Friday.

The Times of India

Will Foxconn Pivot Away From China?

Aggressive local competition and rising geopolitical risk make the contract electronics manufacturing giant’s China dependency more precarious than ever.

The News Lens

Abe shooting: why gun violence is so rare in zero-tolerance Japan

Attack on former PM has sent shockwaves through country with one of world’s lowest rates of gun violence

The Guardian - AU

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Why Shares Of Marvell Technology Shares Are Trading Lower

Shares of semiconductor company Marvell Technology, Inc. (NASDAQ: MRVL) are trading lower following a Nikkei Asia report suggesting Samsung is halting new procurement orders and has asked suppliers to reduce component shipments.

Benzinga

Honda, Sony Could Form Standalone Company For Joint EV Venture

Honda will be building the first vehicle on a platform created by Sony.

Motor1

Apple Could Make iPads Out Of China For The 1st Time Ever — In This Country

As the Chinese lockdown caused trouble for Apple Inc (NASDAQ: AAPL), the tech giant is now reportedly mulling moving some of its iPad production out of the country.

Benzinga

‘China in mind’: Japan mulls beefing up military as Ukraine war rings alarm

Country could double spending and acquire ‘first-strike’ capability in shift away from defensive postwar posture

The Guardian - AU

Alibaba Downsizes Russia Joint Venture Workforce By 40% Amid Geopolitical, Regulatory Uncertainty

Alibaba Group Holding Limited's (NYSE:BABA) joint venture in Russia has laid off about 40% of employees, Nikkei Asia reports. It was not clear if there would be more layoffs after some of the laid-off staff chose to leave voluntarily and a few relocated, Reuters reports. Alibaba and Russian partners launched AliExpress Russia joint…

Benzinga

Here's Why TSMC Warned Against Price Hike For Second Time Within One Year

Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) has warned clients for the second time after August against its plans to raise prices, to beat inflation concerns, rising costs, and its expansion plans to counter the global supply crunch, Nikkei Asia reports. TSMC, the leading contract chipmaker, looks to raise prices by "single-digit percentages" across mature…

Benzinga

Toyota Plans 10% Production Cut In May: Nikkei Asia

Toyota Motor Corp (NYSE:TM) has informed suppliers that it plans to reduce global production by 10% in May, Nikkei Asia reported. The report noted the company plans to produce 700,000 vehicles for the month of May. It manufactured 670,000 vehicles last May. The chip shortages have led the automaker to change its…

Benzinga

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Benzinga

Tesla Giga Shanghai Said To Remain Shut Amid COVID-19 Lockdowns

Tesla Inc’s (NASDAQ: TSLA) key manufacturing plant Giga Shanghai remained shut on Friday amid citywide lockdowns in China due to a recent spike in COVID-19 cases, Nikkei Asia

Benzinga

Itochu Acquires 70% Stake In Under Armour's Japan Distributor: Nikkei Asia

Trading house Itochu has agreed to acquire a majority stake in Under Armour Inc’s (NYSE:UAA) Japanese distributor, Dome, Nikkei Asia reported. Itochu is expected to own about 70% of Dome after completing the transactions, leaving Under Armour with a 30% stake. The report noted that Itochu and Under Armour are expected to manage the business…

Benzinga

Read Why TSMC's US Chip Plant Construction Falls Behind Schedule

Taiwan Semiconductor Manufacturing Co Ltd's (NYSE:TSM) advanced chip plant debut in the U.S. is three to six months behind schedule, Nikkei Asia reports. TSMC planned to move in chip production equipment by around September 2022 but decided to postpone to around February or March 2023. The deferral was mainly due to labor…

InsideEVs

Foxconn: Lordstown Electric Pickups To Start Shipping In H2 2022

Foxconn chairman Young Liu tells Nikkei Asia that electric pickups made in cooperation with Lordstown Motors will begin shipping in the second half of 2022.

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