Maker
Roche to acquire cell therapy maker Poseida Therapeutics in US$1.5 billion deal
SWITZERLAND’S Roche will acquire its US collaboration partner Poseida Therapeutics in a cash deal worth up to US$1.5 billion, banking on complex immune cell therapies against several types of...
EV battery maker calls for cheaper EU energy to counter China
THE South Korean owner of the European Union’s largest factory of electric vehicle (EV) batteries called on the bloc to reduce energy costs and grow the strategic industry amid...
AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star.Fujikura, which makes wire cabling for data centres, is the best performer...
AI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star.Fujikura, which makes wire cabling for data centres, is the best performer...
Chinese EV maker Nio’s Q3 net loss widens to 5.1 billion yuan on lower vehicle sales
CHINESE electric vehicle (EV) maker Nio’s net loss widened to 5.1 billion yuan (S$945.5 million) for its third quarter ended Sep 30, 2024, from 4.6 billion yuan in the...
Chip equipment maker ASMPT ends takeover talks with potential suitor
HONG Kong-listed ASMPT, a global provider of technology and equipment used in the manufacture of chips, said on Monday (Nov 11) it has ended takeover talks with a potential...
German parts maker Schaeffler to cut 4,700 jobs on auto woes
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples through their supply chains.About 2,800 of...
Tyre maker Michelin to close two French plants by 2026
MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in an European...
