Mass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung’s foundry business.

Construction has already begun at the Fab 38 plant, which is due to open in 2028 and operate through 2035.

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

From December 15, France is offering a variable rebate based on household income on cars costing less than €47,000.

Foxconn plans to spend that amount on top of the $1.6 billion it earlier set aside for the 300-acre site close to Bengaluru’s airport, said people familiar with the matter.

BEV and PHEV sales hit a monthly record of 1.4 million units during November 2023, up from 1.1 million the year prior.

CEO Oscar Sevilla said in a December 6 letter to clients seen by Bloomberg News that “the macroeconomic factors working against Mercon have persisted for longer than expected."

The planemaker shipped 64 jets in November, it said December 5, bringing the tally to 623 for the first 11 months of 2023.

The remaining Yellow Corp properties are expected to be sold for hundreds of millions of dollars over the coming months, said a person familiar with the process.

The British luxury car manufacturer wants to record operating profits between $3.17 billion and $3.55 billion a year, in line with its plan announced November 28.