The Latest Breaking News from Shanghai

Camtek Ltd (NASDAQ:CAMT) reported first-quarter FY22 revenue growth of 35% year-on-year to $77.17 million, marginally beating the consensus of $77 million. The non-GAAP gross margin expanded 130 bps to 52%. The non-GAAP operating margin expanded by 160 bps to 28.8%. Non-GAAP EPS of $0.44 missed the consensus of $0.45. The company held $428.3…

Tesla’s massive Shanghai ‘Giga-factory’ pushes its workers to the limit to meet production targets amid an ongoing pandemic lockdown

Shenzhen Component Index closed down 0.13%

Beijing denied it was heading for lockdown as panic buying gripped the capital on Thursday, while Shanghai combed the city for lingering COVID-19 cases in the hope of clearing the way to escape from weeks of painful restrictions.

China’s leaders are struggling to reverse a deepening economic slump without giving up a “zero-COVID” strategy that shut down Shanghai and other cities

In a crucial political year, a series of open-ended lockdowns have heaped pressure on struggling businesses

Last week, Elizabeth Liu and her husband were excited about the prospect of leaving their Shanghai residential compound for the first time in over a month. All but one building in the compound had just been reclassified as low risk after 14 days of no COVID cases.

Australians living under a strict lockdown in Shanghai have given up on hopes of voting in the federal election, saying there's no chance they will be able to send postal votes back to the Australian Electoral Commission in time.

Tesla's Giga Shanghai recently reopened after a lengthy shutdown. However, it has already ramped up enough capacity to start shipping cars overseas.

The country has benefited from China-U.S. tensions and a successful response to Covid-19

The key to Tesla, Inc. (NASDAQ: TSLA) hitting its sales target for the year is the speedy ramp of Giga Shanghai, which faced disruptions from COVID-19 lockdowns in China.