SpaceX asks Taiwanese suppliers to move production abroad on geopolitical risks

SpaceX asks Taiwanese suppliers to move production abroad on geopolitical risks

Elon Musk’s SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents. A source at a company that is one of the numerous subcontractors that provide components for SpaceX’s Starlink satellite internet … Read more

JPMorgan’s China bear turns bullish, finds ‘20 to 25 pc upside’ in nation’s tech stocks

JPMorgan’s China bear turns bullish, finds ‘20 to 25 pc upside’ in nation’s tech stocks

Chinese tech shares have raced ahead of earnings, and investors expect companies to deliver in an improving economy before buying more stock, according to an analyst who once questioned the sector’s investibility. “We are still looking at roughly 20 per cent to 25 per cent of share price upside,” given improving cost structure and less … Read more

Apple adds suppliers in China despite efforts to spread out production, underscoring country’s major supply chain role

Apple adds suppliers in China despite efforts to spread out production, underscoring country’s major supply chain role

Apple added eight Chinese suppliers and removed four contractors on the mainland during its past financial year ended September, the first time since 2021 that the US tech giant introduced more suppliers from the country than it cut, according to its newly published supplier list. Despite Apple’s recent efforts to diversify its supply chain and … Read more