Zumtobel may stop production at French subsidiary
Zumtobel Group AG is considering shutting down production at its subsidiary, ZG Europhane, in Les Andelys in France. The company is also exploring the possibility of selling the site to a buyer who could establish new business activities there.
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Foxconn to build AI factories with Nvidia Omniverse platform
Foxconn is collaborating with NVIDIA to use digital twin technology to revolutionize manufacturing and supply chain management, paving the way for advanced global production facilities.
Gapwaves opens pilot-line production facility
Swedish provider of mm-wave antenna systems Gapwaves has officially its new pilot-line production facility in Gothenburg, which serves as a production and industrialisation hub.
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Elhurt EMS looks to the future
The final Evertiq Expo of 2024 wrapped up on October 24, closing a successful season of trade shows for the electronics industry. Among the highlights was an interview with Sławomir Tkacz of Elhurt EMS, who shared insights on market challenges, the company’s strategies, and their future plans.
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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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.
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.
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EPSa joins SERO EMS Group
German EMS provider SERO EMS Group expands its capabilities with EPSa-Elektronik & Präzisionsbau Saalfeld.
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.
$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.
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.
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Lyten acquires battery manufacturing assets from Cuberg
Supermaterial applications company and lithium-sulfur batteries manufacturer Lyten will acquire Cuberg’s San Leandro lithium-metal battery manufacturing facility and cell making equipment.
Zollner expands on the Asian market
German EMS provider Zollner Elektronik is entering into a strategic partnership with Bluechips Microhouse to further develop the Asian market.
Volvo Cars sells its stake in Lynk & Co to Zeekr
Volvo Cars is divesting its 30% stake in Lynk & Co to Zeekr, a transaction representing a consideration of RMB 5.4 billion (approximately EUR 707 million).
Neways partners with Sweden's MilDef
EMS provider Neways has entered into a partnership with a Swedish developer of tactical IT solutions, products and systems, MilDef. Under the partnership Neways will supply essential electronics for their rugged rack mount IT equipment.
Jabil is looking to expand in India
EMS provider Jabil has signed a Memorandum of Understanding (MoU) with the Gujarat state government – an agreement that allows the company to explore expansion opportunities in India
Nokia acquires Rapid technology and R&D unit
Finland's Nokia has acquired Rapid’s technology assets, including the world’s largest API hub used by thousands of active developers globally, and its research and development unit.
Schneider Electric boost production capacity at Barcelona factory
In response to growing customer demand for prefabricated, high-compute workload data centre solutions, Schneider Electric has expanded the manufacturing and production capacity of its prefabricated data centre factory in Barcelona from 7000 square meters to 12,000 square meters.
GPV: "We have been excellent at adapting to the market situation"
Danish EMS provider GPV reported sales of DKK 2.2 billion (EUR 294.92 million) and earnings (EBITDA) of DKK 186 million (EUR 24.93 million) for Q3 2024. This was a modest dip from the same quarter in the record year of 2023. Thus, GPV kept up in a worldwide market characterised by ongoing market rebalancing and declining end-customer demand.
Mycronic receives order for two SLX mask writers
Swedish high-tech company Mycronic has received an order for two SLX mask writers from a new customer in Asia.
SP Manufacturing and Ideal Jacobs join forces
EMS provider SP Manufacturing (SPM) has acquired the Asia operations of Ideal Jacobs (IJA).
HTEC acquires German end-to-end IoT solution provider
HTEC, an end-to-end digital product development and engineering services company headquartered in San Mateo, California, has acquired eesy-innovation, an embedded hardware and software engineering company based in Munich, Germany, and Granada, Spain.
Teledyne to acquire select businesses of Excelitas
Teledyne Technologies Incorporated announced today that it has entered into an agreement to acquire select aerospace and defense electronics businesses from Excelitas Technologies Corp. for USD 710 million in cash.
Georgia Power starts first battery storage plant in state
Located in Talbot County, the Mossy Branch BESS project will be run as a standalone unit. It will connect to and charge directly from the transmission grid, offering four hours of storage capacity.
Sterling partners with Kunshan to build EV component facility
The collaboration aimed at the domestic production of these auto parts in India is expected to generate INR 2.5 billion in business by FY30.
Battery recycler Li-Cycle secures $475 million US loan
The loan to build a battery plant in Rochester is being seen as a move to bolster President Joe Biden’s domestic EV supply and climate agenda before Donald Trump assumes office in January.
Thailand approves $2 billion investment for data centres, PCB facility
Thailand’s Board of Investment approved two new data centre projects in Chonburi province, one from Quartz Computing, a subsidiary of Alphabet, and the other from a subsidiary of GDS IDC Services.
L&F to mass produce cathodes with 95% nickel content
This is the highest nickel content for such a battery type. L&F will start supplying these ultra-high-nickel cathodes to Korean battery cell makers and US EV manufacturers from December.
Irish chip firm Trasna’s office inaugurated in Kerala
Transa will closely work with India Semiconductor Mission, an initiative of the central government to develop the semiconductor ecosystem in the country.
‘Nvidia’s CEO asked SK Hynix to bring forward supply of HBM4’
Nvidia’s CEO Jensen Huang’s request for faster delivery shows the robust demand for new iterations of Nvidia’s GPUs, which are crucial for AI and will have next-generation HBM chips.
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