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NCDMB performs groundbreaking of pipe manufacturing plant at Polaku

The presence of the plant, which is the first of its type in Nigeria, is expected to facilitate technology transfer in pipe manufacturing technology and development of a variety of skills among the local population.

Dim industry outlook results in poor performance of ABF substrate shares

The shares of major producers of Ajinomoto Build-up Film (ABF) substrate underperformed compared with the broader market last week, as investors expected a dimmer outlook for the industry in the second half of this year. The continued narrowing of the gap between supply and demand is likely to slow manufacturers’ earnings later this year and next year, analysts said, adding that investors are closely watching the effects of rising electronic product inventory on the ABF substrate sector’s supply-and-demand dynamics. “We expect ABF substrate suppliers to see gradually weakening earnings growth in the second half of 2022 and in 2023, given weak sales

Intel seeks US$10bn in public subsidies toward construction of EU chip factory

Intel Corp wants 8 billion euros (US$9.7 billion) in public subsidies toward building a semiconductor factory in Europe, chief executive officer Pat Gelsinger was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time that Gelsinger has publicly put a figure on how much state aid he would want, as Intel campaigns to take on Asian rivals in contract manufacturing. “What we’re asking from both the US and the European governments is to make it competitive for us to do it here, compared to in Asia,”

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