Micron is set to receive up to $6.1 billion in grants from the US government to help build its semiconductor plants in New York and Idaho, the White House said Thursday.

The German government slightly increased its 2024 growth forecast Wednesday, saying there were signs Europe's beleaguered top economy was at a "turning point" after battling through a period of weakness.

Chinese carmaker Chery signed a deal Friday to produce mainly electric vehicles in Spain, as Beijing's auto sector pushes ahead with plans to expand into Europe despite growing competition concerns. 

In brick buildings that are more than a century old in Joe Biden's Rust Belt hometown of Scranton, Pennsylvania, dated machinery continues to churn out machinery for modern conflicts -- especially the war in Ukraine.

US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants -- his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achievements over election rival Donald Trump.

German arms manufacturer Rheinmetall said Thursday it plans to set up at least four factories in Ukraine, as it targets a record 10 billion euros ($10.9 billion) in sales this year.

Elon Musk travelled Wednesday to Tesla's factory near Berlin to lend his workers "support" after the plant was forced to halt production by a suspected arson attack on nearby power lines.

German federal prosecutors said Friday they had taken over investigations into a suspected arson attack this week that caused a power outage and forced Tesla to halt production at its plant near Berlin.

(The Center Square) – Repubican U.S. Sen. Marco Rubio of Florida wants to stop China from flooding the automobile market via state subsidiaries, slave labor and property theft.

In its search for sorely needed talent, German chipmaker Infineon is looking as far as Guatemala, but the rise of the far-right at home risks making the move unappealing and harming the industry.