Multinational household appliances company Dyson will invest in a battery manufacturing plant in Singapore, according to a company announcement on May 3.

Dyson will double its advanced manufacturing footprint this year with its new facility in Singapore, where its global headquarters is located, to make battery cells with proprietary technology for new Dyson products. The building will be completed this year and will become fully operational by 2025. It has also unveiled plans to invest in technology centres in the city of Santo Tomas in the Philippines and in Bristol, UK.

James Dyson, the company’s founder, said in the announcement that this “next-generation battery technology will drive a major revolution in the performance and sustainability of Dyson’s machines”.

Mexico lands $14bn gas investment

Mexico Pacific is set to invest $14bn to build a new gas pipeline and liquefaction plant in the state of Sonora, according to a statement from the office of Mexican president Andrés Manuel López Obrador (AMLO) on May 2. 

According to local media reports, Mexico’s foreign minister Marcelo Ebrard said Asia will be the main market for the gas produced. “Mexico is going to become … one of the main exporting countries of liquefied gas over the next two and a half years according to [these] agreed investments,” he said.

AMLO said that the investment was announced during a meeting with Elizabeth Sherwood-Randall, the US president’s homeland security advisor. They also discussed immigration and cooperation agreements about railway projects, such as the Mayan Train project.

TSMC to invest in German plant

Taiwanese chip giant TSMC is considering investing as much as €10bn in a new semiconductor fabrication plant in Germany, according to a Bloomberg article published on May 3.

The investment will be a joint venture between TSMC, Dutch semiconductor company NXP Semiconductors, German engineering multinational Bosch and German chip manufacturer Infineon Technologies. The investment budget will be at least €7bn, including state subsidies, but is likely to end up closer to €10bn, people familiar with the matter told Bloomberg. A final investment decision has not yet been made.

And finally: Indonesia is cutting tax incentives in lower quality nickel products as it pushes for investment further downstream, Reuters reported.