December 19, 2022

SEOUL (Reuters) -South Korean battery maker LG Energy Solution said on Monday it plans to invest 4 trillion won ($3.1 billion) from this year to 2026 in a facility making cylindrical batteries for electric vehicles. The project in Ochang, South Korea, will include R&D and production facilities and related infrastructure, and is expected to add…

TAIPEI (Reuters) – Foxconn, the world’s largest contract electronics maker, is likely to be fined soon by Taiwan’s government for an unauthorised investment in a Chinese chip maker, a person with direct knowledge of the situation said on Monday. Taiwan, which Beijing views as sovereign Chinese territory, has turned a wary eye on China’s ambition…