U.S. manufacturing

SK On and Ford agreed to dissolve their $11 billion BlueOval SK battery joint venture, splitting ownership of three U.S. plants as both companies adjust to slowing EV demand. Ford will take over two Kentucky factories, while SK On assumes full control of the Tennessee plant and plans to supply batteries to Ford and other customers.

Taylor Mayor Dwayne Ariola says Samsung’s Texas chip plant could begin production ahead of schedule, driven by a Tesla deal and local expansion plans.

Apple has tapped Samsung’s Texas plant to supply iPhone components, as Trump imposes a 100% tariff on imported chips to push domestic production.