Stellantis to suspend production in France and Italy due to EV battery shortages
Stellantis will temporarily halt production at three French and two Italian plants. At two of the factories, the direct cause is a shortage of batteries for electric vehicles, Reuters reported. The stoppages will affect plants producing, among others, the Peugeot 3008, Peugeot 5008 and Citroën C5 Aircross.
Belgian authorities arrest BelGaN employee in chip technology leak investigation
A 52-year-old man holding both Belgian and Chinese citizenship has been arrested by Belgian authorities on suspicion of stealing trade secrets related to gallium nitride (GaN) semiconductor technology, according to Reuters. Investigators believe the information he obtained may have been passed to a Chinese company operating in the same industry.
WB and Kongsberg to jointly develop autonomous maritime systems
WB Electronics, part of Poland's WB Group, and Norway's Kongsberg have signed a cooperation agreement to develop unmanned maritime systems. The companies aim to jointly create autonomous platforms equipped with reconnaissance systems, communications, command-and-control solutions, and weapon systems.
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SVI Slovakia obtains IATF 16949 certification
SVI Slovakia has obtained IATF 16949 certification, confirming that its facility complies with the quality requirements of the automotive industry. The company says the certification strengthens its manufacturing capabilities in Europe and creates new opportunities for automotive and e-mobility projects.
TOP500 Supercomputer List: China Returns to the Top, Europe Holds Strong Position
The latest edition of the TOP500 ranking of the world's most powerful supercomputers has brought a change at the top. China's LineShine has overtaken the United States' El Capitan, while the number of exascale systems has increased to five. Europe has maintained its position among the world's leading high-performance computing regions.
Volkswagen weighs ending autonomous driving partnership with Bosch
Volkswagen is reportedly planning to end its partnership with Bosch on the development of advanced driver assistance systems (ADAS) and autonomous driving technology. According to German newspaper Bild, which cited anonymous sources, the project failed to meet expectations despite investments of around EUR 1.5 billion.
Lockheed Martin establishes European missile systems support centre in Finland
US defence contractor Lockheed Martin and Finnish technology company Insta are establishing Europe's first maintenance and support centre for the Common Fire Control System (CFCS) used in M270A2 and HIMARS rocket launchers. The facility will be located in Tampere, Finland.
Volkswagen reportedly considers cutting up to 100,000 jobs
Germany's largest carmaker, Volkswagen, is reportedly preparing a sweeping cost-cutting programme that could include up to 100,000 job cuts, the closure of four plants in Germany, and reduced investment.
ICEYE raises over €1 billion, valuation surpasses €10 billion
ICEYE has completed its Series F financing round, raising more than EUR 1 billion in total. The company secured EUR 450 million in new capital, while the overall transaction value – including share sales by existing shareholders – exceeded EUR 1 billion. Following the round, ICEYE's valuation has risen to more than EUR 10 billion.
Zirconn launches SMT division in China
Zirconn is expanding its manufacturing capabilities in China. The company has launched a new SMT assembly division aimed at increasing its capacity to deliver advanced electronic projects for customers in Europe and international markets.
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