LG Energy Solution, Ford sign 109 GWh EV battery deal
The total value of these two contracts is estimated to be at least USD 9.5 billion. LGES plans to manufacture these batteries at its plant in Poland, starting in 2026.
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Amber Enterprises, Korea Circuit partner to make PCBs in India
Through this collaboration, the companies plan to bring cutting-edge technology and manufacturing processes to the Indian market.
GM to invest $625 million in mega US lithium project
GM signs JV with Canadian company Lithium Americas focused on a lithium carbonate mining operation in Nevada that holds enough of the battery metal to build 1 million electric vehicles annually.
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The Effects of pH: Cleaning Agent Properties and Performance in Production
As cleaning agents evolve to meet customer and supplier environmental challenges, we take a closer look at the effect of pH cleaning agent properties and performance including material compatibility and rinsing behavior all while answering questions with SIR data.
Mass layoffs at Intel to impact over 2,000 US jobs
The tech giant’s cost-cutting measures will impact 1,300 employees in Oregon. Intel is Oregon’s second-largest private employer. The chipmaker employs more than 20,000 people in the state.
SiC powers the EV revolution and ST aims to meet demand
During Evertiq Expo in Gothenburg earlier in September, Maurizio Ferrara, Deputy General Manager of the New Materials Division at STMicroelectronics, addressed the rapid growth of Silicon Carbide (SiC) technology in the context of e-mobility.
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Hyundai Mobis to establish EV parts facility in Slovakia
The new plant in Novaky, Slovakia, will focus on producing PE systems, making it the South Korean company’s first European production base for this key electrification component.
Lightmatter raises $400 million, quadruples valuation to $4.4 billion
The fresh capital, which brings total funding to USD 850 million, will be used to make and deploy its photonic chips in partner data centers and expand its 200-person team across North America.
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ABF partners with Tinci for battery material supply
The 7-year agreement enables American Battery Factory (ABF) to advance battery cell production processes alongside the imminent construction of the company’s first gigafactory in Tucson, Arizona.
Nordic Semiconductor wants to acquire Novelda
Nordic Semiconductor has signed a Letter of Intent (LOI) to acquire the Norwegian ultra-wideband wireless technology company Novelda AS for an undisclosed sum.
304 Industrial Park and Yuzhou Fine Chemical to boost Thailand's PCB Industry
In a significant development for Thailand's electronics and chemical industries, Yuzhou Fine Chemical (Thailand) has inked a land transaction agreement with 304 Industrial Park. The deal marks an important step forward for 304 Industrial Park in attracting investment from the PCB industry.
Bransys acquires two Rehm reflow ovens
Bransys Group, a provider of PCB design and assembly services, has invested in two Rehm VisionXP+ Nitro 3850 Type 834 reflow ovens for its manufacturing facility.
Rutronik acquires stake in AI specialist collective mind
Rutronik is acquiring a 30% stake in collective mind GmbH, an expert in machine vision applications in the AI environment. The companies are thus combining their strengths in component distribution with automated image processing for AI solutions tailored to industry and trade.
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GigaDevice GD32VW553 – MCU series with large capacity and numerous interfaces
GigaDevice's MCU series GD32VW553 offers developers a flexible and powerful platform The integration of Wi-Fi 6 and Bluetooth LE 5.2 enables fast and secure wireless connections. The extensive security features also ensure the protection of sensitive data and communication channels. The MCUs offer a large memory capacity with up to 4 MB flash and 320 KB SRAM, combined with a diverse range of general-purpose interfaces
Axiom set for double digit growth in 2024
UK-based electronics manufacturer, Axiom Manufacturing Services, has revealed it is set for double digit growth in 2024, as a year of strategic investment and client acquisitions delivers a record order book.
SMEC wants Hyundai Wia's machine tool division
SMEC, a machine tool and robot automation solution company, has signed a Memorandum of Understanding (MOU) for the acquisition of Hyundai Wia's Machine Tool Division. The estimated acquisition cost is about KRW 340 billion (USD 249.5 million).
Cicor thrives in a challenging environment
The Cicor Group continued its growth path in the third quarter of 2024. Quarterly sales increased by 26.3% to CHF 120.4 million (EUR 128.2 million). The order intake of CHF 121.1 million (EUR 128.9 million) corresponds to a book-to-bill rate of 1.01.
Lyten to build the world’s first lithium-sulfur battery gigafactory
Stellantis-backed Lyten has unveiled plans to invest more than USD 1 billion to build the world’s first Lithium-Sulfur battery gigafactory.
ASMPT approached for potential privatisation
ASM International says that that ASM Pacific Technology (ASMPT), in which ASM holds a 25% stake, has received a preliminary, non-binding approach from an independent third party regarding a possible privatisation.
Denso and Rohm considers strategic partnership
Denso Corporation and Rohm say that the two companies have agreed to start consideration of a strategic partnership in the semiconductor field.
NTS expands with the opening of a new facility in Singapore
Dutch supplier of complex mechanics & mechatronics assemblies, NTS, has opened a major new assembly and manufacturing plant in Singapore.
Increased supply and weakened demand to lower NAND Flash prices
TrendForce’s latest findings reveal that NAND Flash products have been impacted by weaker-than-expected seasonal demand in the second half of 2024, leading to a decline in wafer contract prices in Q3.
Wolfspeed bags CHIPS Act support for US expansion
The U.S. Department of Commerce and Wolfspeed have signed a non-binding preliminary memorandum of terms (PMT) for up to USD 750 million in proposed direct funding under the CHIPS and Science Act.
Mycronic receives order for an SLX mask writer
Swedish Mycronic has received an order for an SLX mask writer from an existing customer in Asia.
Jabil to close Kentucky plant, 108 jobs lost
EMS provider Jabil is reportedly closing one of its three facilities in Florence, Kentucky, USA.
Ventec consolidates and upgrades its European operations
Ventec International Group has started consolidating operations and installing new facilities at its European production and logistics hub in Kirchheimbolanden, Germany.
Foxconn adds two new lighthouse factories
The World Economic Forum (WEF) has recognised two more Hon Hai Technology Group (Foxconn) facilities as Lighthouse factories.
Veeco acquires NXG XII 600 From Nikon SLM Solutions
Manufacturer of semiconductor process equipment, Veeco, has acquired the NXG XII 600 system from Nikon SLM Solutions.
ABB Robotics Molg to tackle data center e-waste
ABB Robotics is collaborating with US start-up Molg to create robotic microfactories to recover and recycle data center operators’ disused electronic equipment – otherwise known as e-waste.
NCAB completes the acquisition of DVS Global in Italy
NCAB has closed the acquisition of DVS in Italy which was announced on July 22, 2024.
Rain, Northern Graphite to jointly develop EV anode materials
As per the Joint Development Agreement (JDA), the two companies will jointly develop advanced battery anode material (BAM) for lithium-ion batteries used in electric vehicles.
Polestar CEO announces strategic review as EV deliveries drop
Polestar said it expects revenue for the full year to remain stagnant due to the difficult market conditions and import duties. Last year, it recorded a revenue of USD 2.38 billion.
Russia to spend $2.5 billion on domestic chipmaking tool tech
The initiative includes launching 110 R&D projects to reduce dependence on imported wafer fab tools and make chips on a 28nm-class process technology.
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