[Brief] Evonik Plans 3,200 Global Layoffs; TSMC Cuts 28nm Capacity by 25%
[Brief] Evonik Plans 3,200 Global Layoffs; TSMC Cuts 28nm Capacity German chemical company Evonik announced it will extend and expand its global restructuring plan affecting approximately 3,200 employees, responding to continued weakness in chemical markets. Meanwhile, TSMC has cut capacity at its mature 28nm process node by approximately 25% from the start of the year, reflecting soft demand for consumer electronics and automotive chips. Both developments point to a new cyclical adjustment pressure facing global manufacturing. ...