Fresh off a $350 million funding round that valued the company at $6 billion, Redwood Materials is reportedly cutting about 5% of its workforce. The battery recycling company founded by former Tesla CTO JB Straubel employs around 1,200 people.
Contract manufacturing is projected to grow from $724 billion to $967 billion by 2030, but labor shortages and supply chain disruptions threaten this expansion. The industry must navigate complex workforce issues while maintaining quality control across distributed operations.
Apple successfully negotiated a four-year extension on its $845 million incentive deal with North Carolina. The tech giant now has until 2027 to begin meeting hiring targets for its planned Research Triangle Park campus. This comes after construction delays and a pause in development plans.
A massive power outage across Spain and Portugal in April nearly forced Airbus to halt production entirely. The company was just hours from datacenter shutdown due to critical fuel shortages for backup generators. This has triggered a complete overhaul of their contingency planning across European f
Volkswagen claims it can produce electric vehicles in China for half the cost of German production. The automaker is investing billions to develop 30 new EV models specifically for the Chinese market over the next five years. This radical shift comes as VW fights to regain market share against innov
An FT investigation found Iranian military scientists using UK-made radiation detection equipment from Centronic in their nuclear research programs. The components appear in equipment marketed by companies linked to Iran’s sanctioned nuclear weapons development organization. This reveals how Iran’s
X-energy secured $700 million in Series D funding to advance its small modular nuclear reactor technology. The startup claims orders for 144 reactors totaling 11GW across the US and UK, backed by Amazon and now Jane Street. This comes as tech giants face power shortages for AI datacenter growth.
Researchers have witnessed plants creating rare earth element crystals for the first time. The Blechnum orientale fern forms nanoscale monazite crystals within its tissues. This phytomining process could offer a cleaner alternative to traditional mining.
According to CNET, the spectrum analyzer market is experiencing explosive growth as communications technology advances. The market is expected to nearly double in value over the next eight years, creating significant opportunities across multiple industries.
Malaysia has suspended operations at a rare earth site and two tin mines after a major river turned bright blue. Radiation levels at the MCRE Resources site measured 13 becquerels, far exceeding the 1 becquerel legal limit. The incident raises serious questions about mining safety and environmental
