Final IRS guidance for semiconductor tax credit includes solar ingot and wafer manufacturing

“The White House is wisely addressing the fact that the overwhelming majority of solar panels manufactured in the world are done so by companies in China,” said Danny O’Brien, president of corporate affairs at Qcells.

Anheuser-Busch invests $16M in facility to boost drinks portfolio

The beer giant aims to expand production of its canned cocktail brands, Cutwater and Nütrl, at its Los Angeles facility.

PPG to lay off 1,800 workers in cost-cutting plan

The paint and coatings company will also shutter an undisclosed number of plants as part of the strategy.

Boeing workers reject contract offer, strike continues

More than 60% of union members voted against the proposal, as the aircraft maker continues to bleed cash.

TSMC revenue jumps 36% YOY on AI demand

The chipmaker expects revenue from the AI processor-related segment to more than triple this year, according to the Q3 earnings call.

Boeing bleeds $6.2B in Q3

The company is straining to preserve cash as its factories sit idle amid an ongoing union strike. 

Updated Oct. 24, 2024

Treasury finalizes guidance on IRA clean energy tax credits

Solar panel and battery manufacturers can receive a tax credit on a percentage of their production costs until 2033.

Updated Oct. 24, 2024

DOL says workplace AI should focus on employee needs

The agency’s guidelines say responsible AI use in the workplace should prioritize employees and improve working conditions.

Rizo Lopez Foods barred from manufacturing after listeria outbreak investigation

The injunction stems from the Food and Drug Administration’s probe into a multi-year, multi-state outbreak of infections linked to the company.

White House opens $1.6B CHIPS advanced packaging competition

Applicants can receive up to $150 million and have until Dec. 20 to submit their concept papers.

International Paper to close facilities in 4 states, lay off hundreds

The recently disclosed layoffs will occur in Illinois, Missouri, North Carolina and Tennessee in mid-December. They build on a series of 650 layoffs confirmed last week.

Potential AI needs could threaten chip shortages

Bain & Company expects artificial intelligence workloads to dramatically grow through 2027, accelerating graphics processing unit and upstream component consumption.

FTC appeals Texas noncompete ban decision to 5th Circuit

Judge Ada Brown issued the decision in August, holding that the agency’s ban violated the law and exceeded the commission’s statutory authority.

Ford inks battery supply deal with LG Energy Solution

Under the agreement, Ford will move the Mustang Mach-E battery production from Poland to Michigan to remain eligible for the Inflation Reduction Act tax credit.

Hemlock Semiconductor scores $325M in CHIPS funds

The chipmaker will use the money to construct a polysilicon manufacturing facility in Hemlock, Michigan, a critical material for chip and solar panel production.

More US-based companies to shift supply chain operations into Americas: report

Reducing touch points and increasing proximity to manufacturing and procurement locations is a priority for firms, according to KPMG.

Op-ed: Limiting plastic production leads us backwards

The Biden administration should roll back its support of a reduction in global plastics production, writes Plastics Industry Association CEO Matt Seaholm.

Spirit AeroSystems to furlough 700 at Kansas plant

The move will impact employees who work on Boeing’s 767 and 777 planes at the supplier's Wichita facility.

Flexibility in manufacturing: Leveraging talents for skills-based hiring

Volvo and Carlisle Cos. are among the manufacturers leaning into more flexible shift work and part-time roles to recruit and retain workers.

Labor Department recovers $132K in back wages from California tortilla maker

La Flor de Mexico shuttered its facility and failed to pay minimum wage and overtime to 72 workers, the agency said.

GM invests $625M in lithium production capacity

The automaker is partnering with Lithium Americas to develop the Thacker Pass Mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years.

Deere lays off nearly 300 more workers in Iowa, Illinois

The tractor manufacturer said the move is due to declining demand and unrelated to plans to shift some production to Mexico.

Infinera secures $93M CHIPS funding

The money will be used to expand semiconductor production of photonic integrated circuits with new facilities in California and Pennsylvania. 

Biden-Harris administration opens tariff exclusion process for some manufacturers

Solar manufacturers are among those set to benefit from the exclusions from upcoming Section 301 tariff hikes. 

TTM Technologies to expand New York print circuit board site

The Department of Defense awarded the electronics maker $30 million to build a new facility in Dewitt.