Arkansas has enough lithium reserves to drive global EV revolution
The study estimates that there are between 5 million and 19 million tons of lithium reserves present in a geological area known as the Smackover Formation in southern Arkansas.
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Massive layoffs await at VW – plans to close three plants
The German automotive giant is planning to shut down at least three factories in Germany, resulting in the layoff of thousands of employees, Reuters reports citing the carmaker's works council.
US extends semiconductor tax breaks to solar ingot and wafers
The Biden administration has finalized rules for a 25% tax credit for chip manufacturing projects, expanding eligibility for one of the largest incentive programs from the 2022 Chips and Science Act.
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Warsaw becomes the beating heart of the electronics industry
On October 24, it was once again time for Evertiq Expo to take place in Warsaw. For one day, the Polish capital earned the title of the European capital of the electronics industry.
Nvidia dethrones Apple as world’s most valuable company
Nvidia’s stock market value briefly reached USD 3.53 trillion, a little above Apple’s USD 3.52 trillion. The surge in its market value is driven by demand for its chips, the gold standard for AI.
China’s Svolt Energy suspends 2 battery projects in Germany
Svolt, a spin-off of Chinese automaker Great Wall Motor, had planned to build a battery module and pack plant in Saarland and a cell plant in Brandenburg, both in Germany.
LG Energy’s Q3 profit slumps 40% amid EV slowdown
The South Korean battery maker’s operating profit for the three months ended September 30 was 448.3 billion won (USD 323 million), the company said, higher than analyst estimates of 440.3 billion won.
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Is Tesla in talks with SK Hynix for $725 million eSSD order?
Tesla has pledged to invest USD 10 billion every year in building its AI supercomputer, Dojo, for which the US carmaker needs fast and large capacity drives to improve the system’s efficiency.
Loopholes in US sanctions? TSMC suspends shipments to China firm
Chinese company Sophgo had ordered chips from TSMC that reportedly matched the one found on Huawei’s multi-chiplet AI processor, Ascend 910B.
chipsconnect enters into partnership with White Horse Laboratories
The Austrian based chipsconnect platform, who wants to revolutionize the parts availability by seamlessly connecting OEMs, CEMs, and EMS companies, announced new partners with White Horse Laboratories to Launch Innovative QC Module.
CATL unveils new battery for long-range hybrids
The battery, called Freevoy, is the world’s first hybrid battery with a range of more than 400 km, the Chinese company said.
Atul Greentech signs battery supply pact with Exide Energy
Atul Greentech Pvt Ltd (AGPL), a subsidiary of Atul Auto, said it would source lithium-ion battery packs from Exide Energy Solutions Limited’s manufacturing facility in Prantij, Gujarat.
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US approves mega lithium mine in Nevada
The mine operated by Australian company Ioneer will produce enough lithium to supply the batteries for approximately 370,000 electric vehicles each year.
Quantum Dice, SCI sign pact on security systems
The MoU will leverage Quantum Dice’s QRNG tech and its patented DISC™ protocol, which provides continuous quantum assurance and robust protection against hardware attacks and silent failure.
LG Electronics reports steep fall in Q3 net profit
The South Korean company’s net income for the July-September period was 90.2 billion won compared with 4.85 trillion won from last year. The main reason for the decline is increased logistics costs.
SK Hynix posts record quarterly profit amid AI boom
The world’s second-biggest memory chipmaker reported an operating profit of 7 trillion won (USD 5 billion) for the July-September quarter from a loss for the same period last year.
Global EV sales up 30.5% in September, driven by China
1.69 million EVs, including fully electric (BEV) and plug-in hybrids (PHEVs), were sold worldwide. Sales in China spiked 47.9% in September, reaching 1.12 million vehicles.
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Infinera set to receive $93 million under CHIPS Act
The CHIPS Act funding would go toward a new “advanced packaging and test” semiconductor facility in Bethlehem and a semiconductor fabrication plant in San Jose, California.
Exclusive: Top 30 EMS providers in CEE unveiled
At this year’s Evertiq Expo in Warsaw, the spotlight shone on the top 30 largest EMS providers in Central and Eastern Europe. Unveiled exclusively at the Expo on October 24, the top list highlights key players driving the region's electronics manufacturing industry. So, who are the biggest players in the region?
Europe's highest court sides with Intel – ends lengthy antitrust case
The EU Court of Justice ruled in favour of Intel on Thursday, bringing an end to a nearly 20-year antitrust battle between the U.S. chipmaker and EU regulators who accused Intel of engaging in anti-competitive practices to undermine its rival, Advanced Micro Devices (AMD).
MKS Instruments breaks ground on new factory in Malaysia
MKS Instruments has broken ground on its "super center" factory in Penang, Malaysia to support the growing needs of semiconductor equipment for wafer fabrication in the region and globally.
Z-AXIS upgrades operations with new Mycronic machines
Z-AXIS, a provider of electronic design and manufacturing services, says it's the first company on the US East Coast to install Mycronic MYPro series A40DX pick-and-place machines.
Kitron's 3Q impacted by challenging markets
EMS provider Kitron says that its third quarter was impacted by challenging markets – but also that it has taken actions to adapt to market shifts by leveraging its global capabilities.
BMZ has started construction in North Macedonia
The BMZ Group has officially started constructing its new production facility in the “Skopje 2” development zone in North Macedonia.
G&B Electronic Designs upgrades with new 3D AOI system
Capital equipment supplier Altus Group has supported UK-based EMS provider G&B Electronic Designs Ltd., in enhancing its inspection processes through the installation of the Koh Young Zenith Alpha HS+.
Noyce Kilby to set up manufacturing operations in Lithuania
Noyce Kilby, an electronics manufacturer headquartered in Hong Kong with offices in Vilnius and Shenzhen, has started the renovation of its new manufacturing facility in Lithuania.
Lattice CFO resigns
Sherri Luther, CFO of Lattice Semiconductor, has resigned with immediate effect in order to pursue a new opportunity. Lattice Corporate Vice President, Corporate Controller Tonya Stevens has been appointed interim CFO, while the company searches for a new CFO.
Comptek completes installation of Kontrox 200mm wafer pilot line
Comptek Solutions, a Finnish specialist in III-V compound semiconductor quantum surface engineering, has successfully designed and installed a pilot production line, funded by the European Innovation Council (EIC).
Mercedes-Benz closes the battery loop
Mercedes-Benz has opened Europe's first battery recycling plant in Kuppenheim, southern Germany with an integrated mechanical-hydrometallurgical process making it the first car manufacturer to close the battery recycling loop with its own in-house facility.
Is ZF pulling out of Wolfspeed's German chip project?
ZF is expected to back out from a semiconductor manufacturing project in collaboration with US SiC specialist Wolfspeed in Germany, reports Reuters.
Top 5 SSD module makers continue to gain market shares
TrendForce’s latest investigations reveal that the combined market share of the top five SSD module makers in the retail sector has surged from 59% in 2022 to 72% in 2023, reinforcing a trend of larger companies expanding their dominance.
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