Money

Will electronics companies survive the COVID-19 lockdowns in China?

Published

2 years ago

May 31, 2022

The world’s largest contract electronics maker is optimistic about the second half of the year, as Shanghai’s COVID-19 lockdown appears to be easing

The Chair of FoxConn says the supply chain is heading “in a better direction”, as authorities begin allowing residents in some areas to return to work.

Foxconn is aiming to become the first EV maker “not short on material supplies”, in light of the global chip shortage.

The global supply crunch is causing pain for some executives who say a car costs tens of thousands of dollars but cannot be shipped because of a tiny chip worth fifty cents.

The Taiwan-based company wants 5 per cent of the global EV market by the end of 2025.

China’s COVID-zero policy has struck at the heart of the nation’s manufacturing hub, and is driving to a slump in demand.

Related Topics:china covid-19 electronics foxconn lockdown SHANGHAI

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 hours ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

8 hours ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

1 day ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending