Business

Taiwan chipmaker TSMC says profit up 11.2% as demand rises

TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, said Thursday its latest quarterly profit rose 11.2% over a year earlier to $4.8 billion as demand for smartphones and consumer ...

Engineering

Team uses AI to predict 3D printing processes

Additive manufacturing has the potential to allow one to create parts or products on demand in manufacturing, automotive engineering, and even in outer space. However, it's a challenge to know in advance how a 3D printed ...

Engineering

Sustainably produced high-speed helicopters

Fast, lightweight and fuel efficient: RACER, the high-speed helicopter reaches flying speeds of up to 400 kilometers per hour. The components of its outer shell are made by an innovative, highly automated manufacturing process. ...

Business

Boeing's next airplane likely to be delayed by FAA concerns

Federal regulators have indicated they likely won't certify Boeing's next airliner until 2023 because of questions about changes the aircraft manufacturer is making in software and hardware on a new version of the two-aisle ...

Business

Airline industry sees long-term rebound for sector

After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry's impact on climate change.

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Manufacturing

Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the "consumers".

Manufacturing takes turns under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In free market economies, manufacturing occurs under some degree of government regulation.

Modern manufacturing includes all intermediate processes required for the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead.

The manufacturing sector is closely connected with engineering and industrial design. Examples of major manufacturers in North America include General Motors Corporation, General Electric, and Pfizer. Examples in Europe include Volkswagen Group, Siemens, and Michelin. Examples in Asia include Toyota, Samsung, and Bridgestone.

This text uses material from Wikipedia, licensed under CC BY-SA