AGP Executive Report
Last update: 11 hours agoSemiconductors: TSMC posted a sixth straight record-profit quarter on strong AI demand and is weighing more U.S. production in Texas. A Japan-U.S. deal worth up to $21 billion will support two new GlobalFoundries fabs in New York. Factory Investment: Siemens is backing Skeleton Technologies’ U.S. manufacturing and R&D expansion, targeting demand for energy storage at data centers. Merck also plans a $2.9 billion expansion of vaccine and medicine production in Pennsylvania. Industry Pulse: New York manufacturing activity surged to a near five-year high in October, while the Philadelphia Fed’s index fell sharply but remained in growth territory. Canada’s manufacturing sales rose 1.5% in August. Materials and Skills: A new sustainable materials and manufacturing centre in Rochdale will connect businesses with specialist facilities and research expertise. Coface warns that copper and nickel prices could roughly double by 2035, raising cost risks for manufacturers.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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