Samsung awarded $4.8B to boost US chip production
The US Department of Commerce has awarded Samsung Electronics up to USD 4.745 billion in direct funding under the CHIPS Incentives Program, supporting the company’s USD 37 billion expansion of advanced semiconductor manufacturing in Central Texas.
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Volkswagen invests $48 million for 9.9% stake in Patriot Battery Metals
Patriot also signed a supply agreement with Volkswagen’s battery manufacturer, PowerCo, under which it is expected to supply 100,000 tonnes of spodumene concentrate annually for 10 years.
Hitachi Energy wins over €2 billion order from Amprion
Hitachi Energy has signed contracts totalling over EUR 2 billion with German transmission system operator (TSO) Amprion to deliver four converter stations for two high-voltage direct current (HVDC) links that will support Germany’s clean energy transition.
Texas Instruments secures $1.6 billion in CHIPS Act funding
The US Department of Commerce says it will grant Texas Instruments (TI) up to USD 1.61 billion in direct funding under the CHIPS Incentives Program.
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25 years ago, in December 1999, Evertiq was founded after Henrik Björsell who saw a need for a news platform tailored to the electronics industry – one that embraced emerging technologies and operated online.
Qualcomm scores victory in chips trial against Arm
Jurors concluded that Qualcomm didn’t violate the terms of an agreement covering Arm’s chip products acquired while purchasing Nuvia by incorporating tech without paying a higher licensing rate.
Hong Kong’s Trio AI partners with HKT in AISC solution
The agreement between Trio and HKT establishes a collaborative framework to explore opportunities to resell, market and promote the AISC solution in Hong Kong, the Greater Bay Area and Southeast Asia.
Volvo raising the bar for electric trucks
Amid a mood of cautious optimism, the launch of Volvo’s new FH Electric truck in 2025 is set to mark a milestone in the Swedish giant’s development with the market in need of a timely boost.
Polish innovator secures major OLED partnership in China
Polish innovative company Noctiluca has signed another major deal in China. This time a Joint Development Project (JDP) agreement with one of the key OLED companies. The Polish technology company did not reveal who exactly it is about. All that is known is that the JDP was signed with a subsidiary of the world's second-largest TV manufacturer for the development of OLED printed technology. The cooperation concerns the implementation of Noctiluca's proprietary chemical compound into the Chinese giant's commercial products.
NEO Battery Materials and specialty automotive battery cell manufacturer sign JDA
Canadian NEO Battery Materials Ltd., a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announced the joint development agreement with a North American battery cell manufacturer.
Kitron to expand factory in Swedish Jönköping
Hailing from the 1960's, the Norwegian Kitron informed about the expansion of the factory in Jönköping, in the south of Sweden. Thanks to the investment, the factory will get approximately 6000 square meters and will be completed during the second half of 2025.
Ericsson will not proceed investment in Estonia
In June 2023, Ericsson announced that it would invest 155 million euros to build a next-generation smart manufacturing and technology hub in Tallinn, Estonia. But now it turns out that the Swedish company is abandoning its plans.
Poles are revolutionizing the immediate translation market
Polish company Vasco Electronics has launched a high-tech product in the immediate translation category. Vasco Translator E1 allows translation and conversation in multiple languages simultaneously. The headphones, along with the application w support up to 64 languages.
Gatema PCB with new printing equipment
Czech company Gatema PCB is using a new press center in the production of printed circuit boards. Three Lauffer press machines, a Monolam MLP 25M and an Optical Pinless Bonding 211/8 machine. After several weeks of testing, the machines, which cost nearly a million euros, are now operating at full capacity.
ICAPE expands in the UK by acquiring ALR Services
PCB distributor ICAPE Group announces that it has acquired 100% of the capital of ALR Services Ltd, a British PCB distributor.
EU approves €1.3B support for Italian semiconductor plant
The European Commission has approved EUR 1.3 billion in Italian state aid to support Silicon Box in building an advanced semiconductor packaging and testing facility in Novara.
SignOff Semi opens new office in Penang, Malaysia
Indian provider of VLSI and Embedded Design services, SignOff Semiconductors, expands with the opening of its new office in Penang, Malaysia.
Rapidus installs Japan's first AMSL EUV lithography machine
Japanese semiconductor manufacturer, Rapidus, has reached a milestone by installing Japan's first Extreme Ultraviolet (EUV) lithography machine from ASML. This advanced technology is now part of Rapidus' Innovative Integration for Manufacturing (IIM-1) foundry, an advanced semiconductor fab under construction in Chitose, Hokkaido.
Gentex to acquire VOXX International
Gentex Corporation, an automotive technologies supplier, has entered into a definitive agreement and plan of merger to acquire VOXX International, a distributor of automotive and consumer technologies, in an all-cash transaction.
Kontron secures major defense order valued at €165 million
Kontron has received a significant order from an unnamed European company in the defense, security, and aerospace technology sectors.
Kitron secures $5M defense contract for U.S. Army
EMS provider Kitron has been awarded a defense contract to produce custom electronics for the U.S. Army. The order has an annual value of over USD 5 million, with a potential extension for an additional two years.
Omdia bets on Foxconn becoming world’s largest server vendor
Fuelled by skyrocketing demand for AI-optimised servers from major US cloud providers, Foxconn's ODM direct business will experience exponential growth in 2024, securing the top rank in Omdia's global server market analysis.
Manz AG to file for insolvency amid financial crisis
German engineering company Manz AG has announced plans to file for insolvency due to severe financial challenges. The company cited illiquidity and over-indebtedness as reasons for the decision.
ABB to acquire power electronics business of Gamesa Electric
ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa.
NXP to acquire automotive networking company Aviva Links
NXP Semiconductors has entered into a definitive agreement to acquire Aviva Links, a provider of Automotive SerDes Alliance (ASA) compliant in-vehicle connectivity solutions in an all-cash transaction valued at USD 242.5 million.
EU green lights €81M support to Diamond Foundry in Spain
Diamond Foundry Europe will receive EU support for setting up a new factory for the production of semiconductor-grade rough synthetic diamonds in Trujillo, Spain.
OLED notebook penetration rate to reach beyond 5% by 2027
TrendForce's latest OLED market development report reveals that the penetration rate of OLED displays in notebooks is set to increase to 3% in 2024, driven by large-scale procurement from Chinese laptop brands.
Mycronic receives order for an SLX mask writer
Swedish high-tech company Mycronic says it has received an order for an SLX mask writer from an existing customer in Asia.
Denso and onsemi to boost self-driving tech
Denso Corporation and onsemi are strengthening their long-term relationship to support the procurement of autonomous driving (AD) and advanced driver assistance systems (ADAS) technologies.
GlobalWafers bags $406 million in CHIPS Act funding
The US Department of Commerce says it will grant GlobalWafers USD 406 million in direct funding under the CHIPS Incentives Program to increase domestic production of silicon wafers.
Ventec expands with new PCB material facility in Thailand
Ventec International Group has chosen Thailand as the location for a new state-of-the-art PCB materials manufacturing facility.
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