U.S. polysilicon makers laud Phase 1 of China deal
The United States’ three remaining manufacturers of polysilicon expressed appreciation to President Trump and praised U.S. negotiators for securing the Chinese commitment to purchase U.S. polysilicon in the first phase of the U.S.-China trade deal.
Dupont explores divestiture of electronics unit
Following its recent USD 26.2 billion deal to sell off its nutrition business, DuPont de Nemours Inc. is weighing a divestiture of its electronics unit, according to people familiar with the matter.
AMD bolsters exec leadership team
AMD has announced several promotions and one new hire to its senior leadership team, in an effort to enable the company’s continued growth in the high-performance computing, graphics and visualization technologies market.
Webasto opens new battery centre in Jiaxing
Webasto has inaugurated its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai.
Rocket Lab expands capabilities in So Cal
Rocket Lab announced this week it will open a new facility to serve as its corporate headquarters and provide increased production capacity.
Dutch block sale of technology, China miffed
Following ASML’s denial of an export license by the Dutch government to sell a piece of critical chip-making technology to the Chinese, China’s ambassador to the Netherlands has issued a statement expressing his country’s displeasure.
Volvo building U.S. battery assembly plant
In preparation for bringing a new line of electric vehicles to the U.S. market, Volvo announced it will build a battery assembly plant at its existing facility in Ridgeville, South Carolina.
Lucid eyeing April reveal of pre-production sedan
Luxury EV manufacturer Lucid has announced that production is underway in Silicon Valley of 80 beta prototypes of its luxury sedan, Lucid Air, to be unveiled in April in New York City.
Ideal Industries moving the ball forward at Cree
Following its March announcement that Cree had sold off the entirety of its lighting business to Ideal Industries in a USD 310 million deal, Ideal said it would remain dedicated to pumping investment dollars into the now privately-held Cree Lighting.
Former pSemi exec and CEO Jim Cable retires
pSemi Corporation has announced the retirement of former CEO and long-term executive Jim Cable.
Stoneridge appoints new VP of operations
Stoneridge Inc. has announced Kevin Heigel as its new vice president of operations.
Rolls-Royce takes majority holding in power storage specialist
Rolls-Royce will hold a 73.1% majority stake in Berlin-based electricity storage specialist Qinous GmbH from 15 January 2020.
Rivian announces close of fourth funding round
Rivian closed an investment round of USD 1.3 billion in late December, led by funds and accounts advised by T. Rowe Price Associates Inc., with Amazon, Ford Motor Company also participating.
Garz & Fricke Inc. mark opening of first U.S. office
Touch panel PC manufacturer Garz & Fricke Inc. celebrated the grand opening of its new office in Edina, Minnesota last month.
Entegris acquires CMP slurry manufacturer Sinmat
Entegris has acquired Sinmat, a CMP slurry manufacturer. Located in Gainesville, Florida, Sinmat is now part of the Specialty Chemicals and Engineered Materials (SCEM) Division of Entegris.
BJG Electronics acquires Whitmor/Wirenetics
Long Island, N.Y.- based electronics distributor and Rockwood portfolio company BJG Electronics Group has announced the acquisition of Whitmor/Wirenetics, in October 2019.
SK Innovation: expansion in U.S. and Hungary
South Korea’s SK Innovation Co Ltd has announced plans for a second electric vehicle (EV) battery plant in the United States and is considering expansion of another factory in Hungary, among other options.
Lou Guerci takes helm of Bead Electronics
Bead Electronics, manufacturer of custom contact pins, announced that Lou Guerci has been promoted to lead the company as president.
Ford announces massive investment in MI
Ford Motor Company has announced plans to add thousands of jobs and pump upwards of a billion dollars into two Michigan plants, to support an expansion that includes the company's electric and autonomous vehicle lines.
BJG Electronics Group buys Intro Corporation
Long Island, N.Y.- based electronics distributor and Rockwood portfolio company BJG Electronics Group has acquired Florida-based Intro Corporation.
Abracon acquires ILSI America
Abracon LLC, manufacturer of frequency control, timing, synchronization, RF, connectivity, and power component solutions, has acquired ILSI America LLC, a privately-held company in the same market, along with all subsidiaries.
GKN Aerospace opens new wiring facility in India
On the fourth of December, GKN Aerospace officially opened its all-new facility for Electrical Wiring Interconnection Systems (EWIS) in Pune, India.
IDT start operations as Renesas Electronics America
Following the successful integration of Integrated Device Technology, Inc. in the US, acquired on March 30, 2019, former IDT began operating in the market under the name of Renesas Electronics America Inc. as of January 1, 2020.
Meyer Burger divests Meyer Burger (Netherlands) B.V.
Meyer Burger Technology Ltd is selling its inkjet printing business (PiXDRO) located in Meyer Burger (Netherlands) B.V. in Eindhoven (NL) to Süss MicroTec SE headquartered in Germany.
Elite Group executes binding LoI with Power Conversion Technologies Inc.
Elite Group, Inc., a Nevada corporation, entered into a binding letter of intent to acquire Power Conversion Technologies Inc. (PCTI) in late December 2019.
Elliptic Labs with two new design wins
Elliptic Labs is announcing today that it has signed a contract for two new design wins. Elliptic’s INNER BEAUTY AI Virtual Proximity Sensor will be incorporated into two more models of smartphones for an Asian OEM.
Wisconsin, Foxconn back to the mat
Foxconn Technology Group, despite changing the original deal, may still be able to qualify for up to USD 3 billion in state tax credits if they agree to new terms, according to Wisconsin Governor Tony Evers.
Benshaw Inc. acquires Aucom Electronics LTD
Benshaw Inc. has finalized an agreement to acquire Aucom Electronics LTD, a New Zealand-based manufacturer of soft starters.
DigiLens, Crystal Optech partner on AR technology
DigiLens Inc. has announced its first China-based licensee, Crystal Optech, and the hiring of Country Manager Xiaoshu Lin, based in China.
Groupe PSA and FCA agree to merge
Fiat Chrysler Automobiles and Peugeot S.A. have signed a binding Combination Agreement providing for a 50/50 merger of their businesses to create the fourth largest automotive OEM by volume and third largest by revenue.
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Evertiq in Pictures
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Calendar
- Elmässan Syd01.21. 2020
- Intronika02.11. 2020
- Embedded Tech India Expo 202002.19. 2020
- Amper03.17. 2020
- Tampere 2020 Evertiq Expo04.01. 2020
- Gothenburg 2020 Evertiq Expo05.13. 2020
- Chii 202005.27. 2020
- Warsaw 2020 Evertiq Expo05.28. 2020
- SEMICON West 2020: BEYOND SMART07.19. 2020
- Cracow 2020 Evertiq Expo09.24. 2020
Product Releases
Productronica 2019
- Saki’s Eddie Ichiyama details a very successful business year
- The advantage of Vantage - Garrett Wong tells the tale
- Ingun's going global; expands in Latin America and Eastern Europe
- Mycronic's Thomas Stetter looks back at a successful year
- Ongoing trade issues have opened up Chinese market for Viscom
- Kurtz Ersa invests heavily in development to stay on top
