Vietnam Manufacturing Output Surges to a 13-Year High
Vietnam’s month-on-month growth rate in manufacturing output increased in July, making it the second-highest on record, according to S&P Global.
Southeast Asia Set To Overtake China In Growth And FDI
Southeast Asia is poised to overtake China in gross domestic product (GDP) and foreign direct investment (FDI) over the next 10 years, according to the “Navigating High Winds: Southeast Asia Outlook 2024 – 34” report.
Bioprinting Adoption To Propel Additive Manufacturing Market
Increased demand for personalised and customised medical solutions like bioprinting is driving the 3D printing medical devices sector to rise by US$7.07 billion until 2028 at a CAGR of approximately 25.2%.
Malaysia Manufacturing Sector To Grow In H2 Despite Dip In June
Analysts are hopeful about the future of Malaysia’s manufacturing sector in the H2 2024, despite a decrease in Purchasing Managers’ Index (PMI) to 49.9 in June, Manufacturing Asia noted.
TSMC Sees Annual Sales Growth To Reach 10% In Semiconductor Industry
TSMC, a major supplier to Apple and Nvidia, forecasted an annual revenue growth of 10% in the global semiconductor industry, excluding memory chips.
Japan’s Manufacturing Sluggish While India’s Surges
Manufacturing activity in Japan slowed tremendously and layoffs are ongoing from wounded order books. India’s IT hardware market is expected to register a compound annual growth rate of 12.8% in the next four years on strong demand and rising domestic production.
LG Energy Solutions And SK On Lay Off Workers As EV Battery Market Slows
Although there is growth in the EV segment, the expansion is not as fast and smooth as initially planned. According to the Financial Times, LG Energy Solution and SK Innovation’s SK On—recently slightly reduced their workforce in the U.S.
