ReportWire

Tag: Industrial Goods

  • The Outspoken CEO Behind the World’s Fastest-Growing Arms Maker

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    Earlier this year, Armin Papperger opened a new factory that will allow his company to produce more of an essential caliber of artillery shell than the entire U.S. defense industry combined. 

    Surrounded that day by dignitaries, including the head of the North Atlantic Treaty Organization, the Rheinmetall RHM -2.21%decrease; red down pointing triangle chief executive was riding a wave of post-Cold War military spending that is reshaping the global arms trade.

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    Alistair MacDonald

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  • Ukrainians Resist Pressure from Russia—and Trump

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    KYIV, Ukraine—Nataliia Melnychenko stood outside a residential building hit by a Russian drone early Tuesday, with dark circles under her eyes. She hadn’t slept since the drone struck her building at 2:30 a.m.

    “I’ve learned over these years that Russian missile strikes usually follow every attempt at peace initiatives,” said Melnychenko. “On top of Russian attacks, we now also have pressure from our allies,” she added.

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    James Marson

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  • Rheinmetall Turns to Former Auto Workers to Fuel Hiring Spree

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    Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle, expects its sales will be five times as much as they were last year by the end of the decade. A big factor underpinning its confidence—it is being flooded by job applications.

    The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.

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    Cristina Gallardo

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  • Opinion | Trump Says Arms Are Going to Taiwan

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    One of the biggest questions in global affairs is whether President Trump is chasing a grand bargain with Beijing’s Xi Jinping—and at what cost to the United States. So it’s good news that the Administration is showing that America won’t be bullied from defending its Pacific interests, with an arms sale to our friends in Taiwan.

    The Defense Security Cooperation Agency has notified Congress of a $330 million potential arms sale for the island democracy. Items include spare parts for fighter jets and transport aircraft, as well as U.S. technical and logistics support. But more important than the details is that this marks the Administration’s first sale to Taiwan in Mr. Trump’s second term. Rumors had spread this year that Mr. Trump was withholding arms for Taiwan as he wooed Mr. Xi on a trade deal.

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    The Editorial Board

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  • Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner

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    The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.

    Dutch economic-affairs minister Vincent Karremans said Wednesday that the decision had been made in consultation with the Netherlands’ European and international partners and followed recent meetings with Chinese authorities.

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    Adrià Calatayud

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  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

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    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

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    Cristina Gallardo

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  • The Gaza War Has Been Big Business for U.S. Companies

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    Two years on, Israel’s war in Gaza might be finally drawing to a close. The conflict built an unprecedented arms pipeline from the U.S. to Israel that continues to flow, generating substantial business for big U.S. companies—including Boeing, Northrop Grumman and Caterpillar.

    Sales of U.S. weapons to Israel have surged since October 2023, with Washington approving more than $32 billion in armaments, ammunition and other equipment to the Israeli military over that time, according to a Wall Street Journal analysis of State Department disclosures.

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    Benoit Faucon

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  • Opinion | The Brains Behind Ukraine’s Pink Flamingo Cruise Missile

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    Kyiv, Ukraine

    If politics makes strange bedfellows, war sometimes makes strange career paths. In her 20s, Iryna Terekh was a “very artsy” architect who viewed the arms industry as “something destructive.” Now Ms. Terekh, 33, is chief technical officer and the public face of Fire Point, a Ukrainian defense company. She and her team developed the Flamingo, a long-range cruise missile that President Volodymyr Zelensky has called “our most successful missile.”

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    Jillian Kay Melchior

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  • Chips Held Hostage in Trade War Start Flowing Again to Auto Suppliers

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    Nexperia microchips are leaving China again, easing a shortage of simple but ubiquitous parts that threatened to paralyze the auto industry.

    German automotive supplier Aumovio, which was recently spun out of tire giant Continental, said Friday that the Sino-Dutch company’s semiconductors and components containing them were on their way from China to Aumovio’s distribution hub in Hungary.

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    Stephen Wilmot

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  • New Aircraft Carrier Advances China’s Naval Power

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    Leader Xi Jinping marked a step in his mission to modernize the nation’s military.

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    Chun Han Wong

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  • How China’s Chokehold on Drugs, Chips and More Threatens the U.S.

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    BEIJING—China has demonstrated it can weaponize its control over global supply chains by constricting the flow of critical rare-earth minerals. President Trump went to the negotiating table when the lack of Chinese materials threatened American production, and he reached a truce last week with Chinese leader Xi Jinping that both sides say will ease the flow of rare earths.

    But Beijing’s tools go beyond these critical minerals. Three other industries where China has a chokehold—lithium-ion batteries, mature chips and pharmaceutical ingredients—give an idea of what the U.S. would need to do to free itself fully from vulnerability. 

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    Yoko Kubota

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  • Exclusive | Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China

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    Shortly before President Trump met Chinese leader Xi Jinping in South Korea, an urgent issue emerged. Trump wanted to discuss a request by Nvidia Chief Executive Jensen Huang to allow sales of a new generation of artificial-intelligence chips to China, current and former administration officials said.

    Greenlighting the export of Nvidia’s Blackwell chips would be a seismic policy shift potentially giving China, the U.S.’s biggest geopolitical competitor, a technological accelerant. Huang—who speaks to Trump often—has lobbied relentlessly to maintain access to the Chinese market.

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    Lingling Wei

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  • Rheinmetall Joint Venture Invests $577 Million to Produce Propellant Powder in Romania

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    Rheinmetall RHM 2.85%increase; green up pointing triangle and Pirochim Victoria said they will invest over 500 million euros ($576.9 million) in a new propellant powder plant in Romania.

    The German arms maker and the Romanian defense company signed a deal Monday to form a joint venture, with Rheinmetall holding 51% and Pirochim owning the remainder, Rheinmetall said.

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    Cristina Gallardo

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  • Exclusive | White House to Announce Resumption of Auto Chip Shipments From China

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    The White House is set to announce that the Dutch semiconductor company that paused shipments weeks ago and risked upending global car production will resume sending chips under a framework agreement reached during talks between President Trump and Chinese leader Xi Jinping, people familiar with the plans said. 

    The new policy on the Dutch chips is part of a forthcoming document from the White House laying out the details of the U.S.-China trade deal signed this week, according to the people.

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    Ryan Felton

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  • Why North Korea Has Scaled Back Its Missile Tests This Year

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    SEOUL—Kim Jong Un is growing his nuclear arsenal but curbing his missile tests.

    The 41-year-old dictator has sharply reduced the number of missile tests but signaled a more confident era for North Korea. Now an increasingly prominent actor alongside Russia and China, Pyongyang’s focus is on solidifying its nuclear status, shifting away from seeking global attention with a flurry of missile launches.

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    Dasl Yoon

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  • Broadcom Gets a Stock-Target Increase. Analyst Thinks Anthropic Is a Big, New Customer.

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    Broadcom Gets a Stock-Target Increase. Analyst Thinks Anthropic Is a Big, New Customer.

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  • Vestas Shelves Plan for Polish Wind Turbine Factory on Low European Demand

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    Vestas Wind Systems VWS -3.14%decrease; red down pointing triangle said lower demand in Europe has pushed it to pause the planned construction of a new factory in Poland.

    The Danish wind turbine maker last year unveiled plans to build a new blade factory in Szczecin, near the Baltic Sea coast, to support Europe’s build-out of offshore wind parks.

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    Dominic Chopping

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  • Drone Threats Ignite Burst of Counterdrone Wizardry

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    Startups from Silicon Valley to Europe and beyond are racing to develop cheap, reliable systems to counter hostile drones.

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    Bertrand Benoit

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  • Ukraine Wants Tomahawks. Trump Has to Decide if They Would Help End the War.

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    WASHINGTON—The Tomahawk cruise missile that President Trump is considering for Ukraine has been the weapon of choice for decades for U.S. presidents seeking decisive military solutions.

    A highly accurate missile with a powerful warhead that can fly more than 1,000 miles, the Tomahawk can reach targets inside Russia far beyond any of the weapons the U.S. has provided to Kyiv until now. 

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    Michael R. Gordon

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  • China, Betting It Can Win a Trade War, Is Playing Hardball With Trump

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    In its trade standoff with Washington, Beijing thinks it has found America’s Achilles’ heel: President Trump’s fixation on the stock market.

    China’s leader, Xi Jinping, is betting that the U.S. economy can’t absorb a prolonged trade conflict with the world’s second-largest economy, according to people close to Beijing’s decision-making. China is holding a firm line because of its conviction, the people said, that an escalating trade war will tank markets, as it did in April after Trump announced his so-called Liberation Day tariffs, prompting Beijing to hit back.

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    Lingling Wei

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