manufacturing hub

SpaceX asks Taiwanese suppliers to move production abroad on geopolitical risks

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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

East China’s Suzhou latest to join ‘tighten belts’ call as Beijing leads austerity drive

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East China’s Suzhou latest to join ‘tighten belts’ call as Beijing leads austerity drive

The hi-tech manufacturing hub of Suzhou in eastern China has called on civil servants to “get used to living a tight life”, rolling out spending cuts in response to Beijing’s nationwide austerity call to cope with a sluggish economy. The cutbacks include not replacing official cars until they are 10 years old or have done … Read more