Scotland’s chip packaging R&D centre receives $12 million
Hosted by the National Manufacturing Institute Scotland (NMIS), the new facility will form part of the University of Strathclyde’s Advanced Net Zero Innovation Centre (ANZIC).
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European Union launches investigation into Chinese EV subsidies
The EU has initiated a probe into unfair Chinese subsidies of a Hungarian EV manufacturing plant.
TRENDE’s renewable energy initiatives get $7.2M boost
This capital infusion will accelerate TRENDE's growth initiatives, including the expansion of its solar and battery leasing service “Teraris,” and its peer-to-peer (P2P) energy trading platform.
iHub Robotics raises $520K to expand manufacturing
The Kerala-based startup has already exported its semi-humanoid robot, Tara Gen-1, to the UAE and Saudi Arabia.
Stellantis invests $41M in Italy plant to make EV engine parts
The facility in Verrone will manufacture steel components for electric drive modules Stellantis currently makes in other European plants, with production expected to start at the end of 2027.
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Hero MotoCorp to acquire 32.5% stake in Euler Motors
Hero MotoCorp has entered the electric three-wheeler segment by investing USD 60 million in Delhi-based Euler Motors, which is operational in 30 Indian cities.
Battery technology market to reach $137 billion by 2031
Asia Pacific is the largest market for battery tech with a share of 50%, followed by Europe and North America. In terms of products, lead-acid battery is the largest segment with a share of 55%.
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Nvidia to build quantum computing research centre in Boston
The Nvidia Accelerated Quantum Research Center, or NVAQC, will integrate leading quantum hardware with AI supercomputers, enabling what is known as accelerated quantum supercomputing.
SK On, Nissan ink 100GWh US EV battery supply pact
South Korea’s SK On will supply high-nickel batteries to Nissan from 2028 to 2033, involving a total investment of USD 661 million. This production will support 1,700 US jobs at SK On.
€800M battery material plant to be built in Finland
Finnish Minerals Group and Beijing Easpring Material Technology have decided to start construction on a cathode active material (CAM) plant Kotka, Finland.
The electronics market in Europe – what needs to happen?
The EU Chips Act was introduced in several phases to the wider public from 2021 onwards and, following approval by the European Parliament and the Council, the regulation came into force on 21 September 2023.
Second wave of AI factories set to drive EU-wide innovation
Austria, Bulgaria, France, Germany, Poland, and Slovenia will host the newly selected AI Factories, supported by a combined national and EU investment of around EUR 485 million.
Ennostar merges EPISTAR and Lextar to Ddrive automotive innovation
Ennostar has announced a strategic merger aimed at strengthening its position in the automotive optoelectronics sector. The company will consolidate its subsidiaries, EPISTAR and Lextar, into a single entity, enhancing technological integration and resource efficiency.
Saab receives $37 million order from the US Marine Corps
Swedish defense and security company, Saab, has received a contract modification award from the US Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment. The order value for this award is USD 37 million (SEK 375 million) with deliveries taking place from 2025 to 2027.
Semiconductor startup ChipFlow relocates to Spain
ChipFlow, a UK startup developing an open-source semiconductor chip design platform (PaaS), plans to relocate to Spain. With the move, the company aims to unlock new opportunities for growth, talent development, funding and collaboration.
Continental chooses Frankfurt for new automotive HQ
Continental’s Automotive group sector has decided to establish the headquarters of the planned independent company in Frankfurt am Main.
Altilium and UKBIC collaboration yields first UK recycled EV batteries
In a UK first, Altilium and the UK Battery Industrialisation Centre (UKBIC) have announced the creation of the UK’s first recycled EV battery cells.
Coreshell receives $24 million in funding to scale up low-cost silicon EV batteries
U.S. battery technology company Coreshell has announced that it has successfully raised $24 million in private investment to scale its production of low-cost silicon EV batteries.
IITK, Mars Antennas team up to develop EV chargers, inverters
Mars Antennas will provide funding, industry insights and access to its manufacturing and testing facilities. IIT Kanpur will bring in research expertise, advanced facilities and technical know-how.
SoftBank to acquire US chip designer Ampere in $6.5B deal
Carlyle Group and Oracle will sell their stakes in Ampere, which will operate as a wholly owned subsidiary of Japanese conglomerate SoftBank and keep its headquarters in Santa Clara, California.
Synology and Toshiba strengthen partnership with MOU
Synology and Toshiba Electronic Components Taiwan Corporation have signed a memorandum of understanding (MOU) to solidify their long-term strategic partnership.
Copeland opens new Indian engineering and technology centre
Climate solutions provider Copeland has inaugurated a new Engineering and Technology Center in Pune, Maharashtra, as part of its broader INR 500 crore (EUR 53 million) India investment plan.
Confidee sees growth in the Danish space industry
Over the past year, PCB sourcing partner Confidee, has seen significant growth in the Danish space industry, expanding both its project portfolio and customer base.
Sesa acquires majority stake of InnoFour
Florence-based Sesa Group, a provider of technological solutions, consulting, and business applications for enterprises and organisations, has acquired a 60% stake in InnoFour B.V. through its subsidiary, Var Group S.p.A.
India’s first commercial 20 MW BESS set to go live
The unit, being set up at the 33 KV substation of BSES Rajdhani Power Limited (BRPL), will boost power supply for around 100,000 residents in Kilokri, a densely populated area of South Delhi.
Quest Global acquires Alpha-Numero Technology Solutions
Quest Global has acquired Alpha-Numero Technology Solutions, a US-based VLSI design company with expertise in FPGA.
Norbit receives major order from the defence and security sector
Norwegian electronics manufacturer Norbit says that its PIR-segment has received orders worth approximately NOK 260 million (EUR 22.5 million) from an undisclosed contract manufacturing client in the defence and security sector.
Blue Ocean Robotics has a new majority owner
Danish Blue Ocean Robotics has secured a new majority owner with an investment from 3C GROUPS, owned by businessman Niels Thorborg. The injection of new capital provides the robotics company with a stronger financial foundation for continued development and commercialisation of its solutions.
Infineon aims to double India workforce to 5,000 by 2030
However, the German semiconductor firm clarified that it has no immediate plan to set up a chip manufacturing plant in India.
DuPont names CEO for planned independent electronics company
Jon Kemp, President, DuPont Electronics & Industrial will take on the role as Chief Executive Officer and a member of the board of directors for the future independent public Electronics company that will be created following its intended spin-off from DuPont.
Siemens to cut 6,000 jobs in automation, EV charging
Siemens’s automation business will see around 5,600 job cuts, with Germany accounting for half of those losses. The job cuts in the EV charging business represent 35% of the unit’s workforce.
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