MALTA, NY—GlobalFoundries has announced plans to expand production at its existing semiconductor facility here and build a new facility to double the site’s current capacity and help address the global chip shortage.

Shortening and closing supply chain gaps for essential products will immediately benefit the following industries: personal protective equipment (PPE), medical device manufacturing, electronics and defense. Sixty percent of reshoring cases after March 2020 mention the pandemic as a factor in the decisions. Already, reshoring cases among manufacturers of medical devices and PPE are double compared with last year.

BEIJING—On September 1, a new cybersecurity law in China takes effect that tightens rules on how data can be collected and shared with third parties in the automotive and other industries.

STUTTGART, Germany—Daimler AG’s Mercedes-Benz brand plans to become all-electric by the end of this decade. Shifting from electric-first to electric-only, the car company is accelerating toward an emissions-free and software-driven future.

ITZEHOE, Germany—After three years of development, ElectricBrands AG has built a fully functional prototype of the XBUS, a lightweight modular electric vehicle. Production is set to begin here in mid-2022.

BAY CITY, MI—SK Siltron CSS, a semiconductor wafer manufacturer, recently announced plans to invest $300 million over the next three years to provide manufacturing and R&D capabilities of advanced materials for electric vehicles in a new facility here.

SPRINGFIELD, TN—Tier 1 automotive supplier Martinrea International Inc. is investing $40 million to expand its assembly plant here. The project is expected to create 97 new jobs.