Northvolt CEO Peter Carlsson steps down
Carlsson will take on a role as senior adviser and remain a member of the board. Northvolt has filed for Chapter 11 bankruptcy protection in the United States.
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Stellantis delays production of Ram electric pickup trucks
The all-electric pickup was due to go on sale by the end of 2024, followed by the Ramcharger during the first quarter of 2025.
Hyundai, Kia’s Europe sales down 7.5% in October
While Hyundai’s sales fell 3.9% to 41,594 units, Kia’s dropped 11% to 41,246 units.
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Arizona grid gets 200 MW Tesla battery storage boost
Utility Salt River Project and EDP Renewables North America subsidiary Flatland Storage are launching the Flatland Energy Storage Project to help meet the state’s energy demands.
2024 was a stable year for Alba PCB
The 2024 Evertiq Expo season concluded on October 24 with Evertiq Expo Warsaw – wrapping up a year of successful trade shows. Among the highlights was an interview with Fabio Puccia Modica of Alba PCB Group, who shared insights on the year, the company’s future plans, and their recent acquisition of the Polish PCB manufacturer WMEltar.
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Ford to cut workforce by 4,000 in Europe and UK
Of the total, 2,900 jobs would be lost in Germany, 800 in Britain and 300 in other EU countries. Ford has 28,000 employees in Europe and 174,000 worldwide.
Honda unveils solid-state EV battery production site
All-solid-state batteries will replace liquid-state lithium-ion batteries, producing twice the driving range by the end of the 2020s and over 2.5 times more by the 2040s, company executives said.
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Northvolt files for bankruptcy in setback to Europe’s EV ambitions
Swedish EV battery maker Northvolt said it has only enough cash to support operations for about a week and it had secured USD 100 million in new financing for the bankruptcy process.
Nordic Semi cancels Novelda acquisition
Back in mid-October, Nordic Semiconductor announced that it had signed a Letter of Intent (LOI) to acquire the Norwegian ultra-wideband wireless technology company Novelda AS for an undisclosed sum. Now, Nordic Semi says it wont proceed with the potential acquisition.
Zumtobel may stop production at French subsidiary
Zumtobel Group AG is considering shutting down production at its subsidiary, ZG Europhane, in Les Andelys in France. The company is also exploring the possibility of selling the site to a buyer who could establish new business activities there.
US to boosts chip packaging with $300M in funding
US government announces up to USD 300 million in funding to boost advanced semiconductor packaging.
Foxconn to build AI factories with Nvidia Omniverse platform
Foxconn is collaborating with NVIDIA to use digital twin technology to revolutionize manufacturing and supply chain management, paving the way for advanced global production facilities.
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Gapwaves opens pilot-line production facility
Swedish provider of mm-wave antenna systems Gapwaves has officially its new pilot-line production facility in Gothenburg, which serves as a production and industrialisation hub.
Elhurt EMS looks to the future
The final Evertiq Expo of 2024 wrapped up on October 24, closing a successful season of trade shows for the electronics industry. Among the highlights was an interview with Sławomir Tkacz of Elhurt EMS, who shared insights on market challenges, the company’s strategies, and their future plans.
Mitsubishi Electric to build new power device plant
Mitsubishi Electric Corporation says it will invest approximately JPY 10 billion (EUR 63.3 million) to construct a new facility for the assembly and inspection of power semiconductor modules at its Power Device Works in Fukuoka Prefecture, Japan.
OSI Systems receives $11 million order
OSI Systems says that its Optoelectronics and Manufacturing division has received an order for approximately USD 11 million to provide critical electronic sub-assemblies for an unnamed healthcare OEM.
Molex to acquire AirBorn
Molex has signed an agreement to acquire AirBorn, Inc., an employee-owned company headquartered in Georgetown, Texas, specialising in the design and manufacturing of rugged connectors and electronic components for global OEMs) serving the aerospace and defence markets.
GlobalFoundries awarded $1.5 billion in Chips Act funding
The US Department of Commerce has awarded GlobalFoundries up to USD 1.5 billion in direct funding to GF through the CHIPS and Science Act.
French Gan chip designer expands across the Atlantic
Wise-integration is expanding with the opening of its new North American Design & Development Centre in Ottawa, Ontario, Canada.
Farnell appoints new leaders for EMEA and Americas
Daniel Ford and Richard Diaz join Farnell as Vice Presidents of Sales for EMEA and the Americas, respectively, bringing extensive industry experience and proven records of performance
A year in highlights – Evertiq Expo 2024
2024 was a landmark year for Evertiq Expos, the one-day exhibitions hosted by Evertiq across Europe. Building on a legacy of successful events, this year's expos exceeded expectations, bringing industry professionals together to discuss trends, challenges, and innovations in the electronics sector.
SiriusXM opens Dublin technology hub, adds 200 new jobs
Audio entertainment company SiriusXM plans to hire approximately 200 employees over the next few years in Ireland, an expansion supported by the Irish government through IDA Ireland.
ST opens new design and industrialisation centre
STMicroelectronics has opened its new design and industrialisation centre, equipped with a test lab, in Pisa Montacchiello, Italy.
Flex acquires JetCool to expand data centre and power portfolio
Flex has acquired JetCool Technologies, a liquid cooling company for data centres.
Semiconductor manufacturing industry reports strong 3Q24
The global semiconductor manufacturing industry in the third quarter of 2024 showed strong momentum, with all key industry indicators performing positive QoQ increases for the first time in two years, SEMI reports.
Austin American Technology reports strong growth in Mexico
Austin American Technology (AAT) recently completed a key HydroJet installation in Guadalajara and secured several new projects in Ciudad Juárez.
Ventec to become primary PCB materials supplier for Teltonika
Ventec International Group is to become a supply chain partner and primary supplier of PCB base materials to electronics manufacturer Teltonika, which is preparing to open a new PCB manufacturing plant at its base in Vilnius, Lithuania.
Blum-Novotest integrates PCB assembler LM-Electronic
At the start of November 2024, Blum-Novotest, a leader in measurement and testing technology, welcomed LM-Electronic GmbH from Sigmarszell, Germany, into its group. This integration enhances Blum-Novotest's vertical integration and bolsters its technological capabilities in SMT and THT assembly of electronic components.
EPSa joins SERO EMS Group
German EMS provider SERO EMS Group expands its capabilities with EPSa-Elektronik & Präzisionsbau Saalfeld.
East-West contrasts shape Europe’s EMS landscape
On 24 October 2024, industry analyst and in4ma founder Dieter G. Weiss addressed the audience at the Evertiq Expo Warsaw, sharing insights into the European EMS landscape. Weiss offered a comprehensive overview of the sector’s dynamics, particularly in Central and Eastern Europe, highlighting market trends, labour challenges, and economic shifts.
ams OSRAM lowers 4Q outlook, extends efficiency program
Austrian semiconductor manufacturer ams OSRAM has revised its fourth-quarter revenue outlook downward due to seasonal mix effects and ongoing market uncertainties heading into 2025.
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