Tag Archives: consumer products

Germany blocks sale of chip factory to China over security fears

[ad_1] London/Berlin CNN Business  —  The German government has blocked the sale of one of its semiconductor factories to a Chinese-owned tech company because of security concerns. Germany’s economic ministry said in a statement that it had prohibited Elmos Semiconductor, which makes chips for the automotive industry, from selling its …

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Corporate entertaining has come roaring back

[ad_1] New York CNN Business  —  Samuel Roe, regional sales manager for Terlato Wines, had business associates visiting a few weeks ago and called a friend at one of the most expensive rooftop eateries in New York to ask if his group could get a table. He got a reservation, …

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China zero-Covid: Workers flee Zhengzhou iPhone factory

[ad_1] New Delhi CNN Business  —  Foxconn, one of Apple’s largest suppliers, is wrestling with major disruption at its biggest iPhone assembly factory in China, as anxious workers reportedly flee the facility, according to social media videos. The Taiwanese company is racing to control a Covid outbreak at its campus …

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