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.
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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
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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.
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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.
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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.
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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.
DRAM prices fall in 2025 amid weak demand and rising inventory
The fourth quarter is a critical period for setting DRAM contract prices. According to TrendForce's latest research, prices for mature DRAM processes such as DDR4 and LPDDR4X are already falling due to excess supply and dwindling demand.
Layoffs awaits at AMD
AMD has announced plans to reduce its global workforce by approximately 4% as the company focuses on expanding its presence in the rapidly growing AI chip market, where Nvidia currently dominates.
Meyer Burger's biggest customer terminates agreement
Meyer Burger says it has received a letter from its largest customer, DESRI, stating that the master agreement with Meyer Burger is being terminated with immediate effect.
Gregg Lowe to depart as President & CEO of Wolfspeed
Gregg Lowe, President and CEO of silicon carbide specialist Wolfspeed will step down from his role this month. The decision, described as mutual, also includes Lowe’s departure from the company's Board of Directors.
ASML reaffirms 2030 revenue targets
At its 2024 Investor Day, ASML provided an update on its long-term strategy as well as global market and technology trends, confirming potential 2030 scenarios for annual revenue between approximately USD 44 billion and USD 60 billion.
Samsung's new R&D complex takes shape
Samsung says that it will start installing equipment at its new semiconductor research and development complex (NRD-K) at its Giheung campus, located south of Seoul.
Scania in talks with EV battery suppliers, CEO says
Scania wants half of its vehicle sales to come from electric trucks by 2030. Currently, they make up less than 1% of sales, with the rollout hit by production and delivery problems at Northvolt.
$712 million battery plant in Kentucky to create 1572 jobs
The Shelbyville Battery Manufacturing plant, a part of Canadian Solar Inc, will produce 20 feet long, 8 feet wide and nearly 9 feet tall batteries used to store energy at large scale.
LG Energy Solution to supply cylindrical battery to Bear Robotics
LG Energy Solution will supply its cylindrical battery model 2170 for Silicon Valley start-up Bear Robotics’ lineup of service and industrial robots from 2025, including the Servi Plus and AMR Cart.
Vecmocon secures $10 million to advance EV tech
The Delhi-based start-up said it will use the funds to expand its presence across various market segments, including electric two-wheelers and three-wheelers, LCVs and buses.
US finalizes $6.6 billion in chips grants for TSMC
TSMC will produce the world’s most advanced 2-nanometer technology at its second Arizona fab, which is expected to begin production in 2028.
LG Display to invest $1 billion in Vietnam OLED plant
With the new investment, LG Display wants to ramp up OLED panel output after selling its LCD factory in China for USD 1.5 billion.
Are Nvidia’s new AI chips facing overheating snag?
The Blackwell graphics processing units overheat when connected together in server racks designed to hold up to 72 chips, according to a report by the Information.
Battery start-up Ion secures $10 million investment
Earlier, Ion Storage Systems got a USD 1.5 million grant from Maryland Technology Development Corp, and a USD 20 million award from Department of Energy’s Advanced Research Projects Agency-Energy.
India’s semiconductor sector set to create 1 million jobs by 2026
This includes 300,000 jobs in chip fabrication, 200,000 positions in ATMP and additional roles in chip design, software development, system circuits, and manufacturing supply chain management.
Global EV sales up 35% in October, propelled by China
Sales of EVs, including fully electric and plug-in hybrids, reached 1.72 million worldwide in October, research firm Rho Motion’s data showed, with sales in China hitting 1.2 million vehicles.
UK’s intercity battery trial train outperforms diesel
The trial in the north of England by Hitachi Rail, Angel Trains and TransPennine Express demonstrates that powerful batteries offer significant benefits for emissions, fuel savings and air quality.
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