The future is here? CATL plots battery swapping revolution
The Chinese company has announced plans to open 1,000 swap stations next year in China, including in Hong Kong and Macao. CATL’s long-term goal is to open a whopping 10,000 stations with partners.
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Mindgrove Technologies raises $8M in Series A funding
The Chennai-based company plans to use the investment to expand its workforce and enhance in-house engineering capabilities. The investment will also accelerate production and sales of its first chip.
Hitachi Energy wins over €2 billion order from Amprion
Hitachi Energy has signed contracts totalling over EUR 2 billion with German transmission system operator (TSO) Amprion to deliver four converter stations for two high-voltage direct current (HVDC) links that will support Germany’s clean energy transition.
25 Years of growth, together with the electronics Industry
25 years ago, in December 1999, Evertiq was founded after Henrik Björsell who saw a need for a news platform tailored to the electronics industry – one that embraced emerging technologies and operated online.
Qualcomm scores victory in chips trial against Arm
Jurors concluded that Qualcomm didn’t violate the terms of an agreement covering Arm’s chip products acquired while purchasing Nuvia by incorporating tech without paying a higher licensing rate.
Liquid AI raises $250 million in early-stage funding
The funding round was led by chipmaker Advanced Micro Devices (AMD), which is also the Cambridge, Massachusetts-based startup Liquid AI's strategic partner.
Tech firms to act as US ‘gatekeepers’ for AI chips
The companies would have to comply with strict requirements, which includes reporting key information to the US government and blocking Chinese access to AI chips, according to a Reuters report.
China drives global EV sales to another record high
In line with earlier trends, China contributed to nearly 70% of total EV sales in November, while Europe showed a slight year-on-year decline.
Indian chip firm Netrasemi raises $1.2 million
Kerala-based semiconductor start-up Netrasemi intends to use the funds for the fabrication of two ML SoC chips (Netra A2000 and Netra R1000).
Hanza acquires Finnish manufacturer Leden
Hanza AB has signed an agreement to acquire Leden Group, a Finnish company in advanced mechanics manufacturing with a turnover of approximately SEK 1,1 billion (EUR 95.4 million).
EU makes a push to boost European AI innovation
The European High Performance Computing Joint Undertaking (EuroHPC) has selected seven proposals to establish and operate the first AI Factories across Europe.
Thailand OKs $306M chip plant Investment by Foxconn subsidiary
Thailand's Board of Investment (BOI) has approved a THB 10.5 billion ( USD 306 million) investment by a Foxconn subsidiary to build a factory for exporting high-precision machinery and equipment for the semiconductor industry.
EU Commission earmarks €4.6B to boost net-zero technologies
The EU Commission is ramping up support for net-zero technologies to strengthen European industry and meet climate goals. It has launched two new funding calls worth EUR 3.4 billion to speed up innovative decarbonisation efforts, including electric vehicle batteries.
Umicore halts construction on Canadian battery materials plant
Umicore is focusing on fully utilising its existing battery material plants before expanding further. As part of this strategy, it has decided to continue pausing construction of a new plant in Ontario, Canada, but will maintain a core team at its local office there.
Microchip says it will shut Arizona facility
The Arizona company, which makes chips for products like cars and consumer devices, also said that orders have been slower than anticipated and it was revising the December quarter’s outlook.
VW recalls 4,600 vehicles over battery overheating concerns
The recall affects plug-in hybrids such as the 2022-2023 model year Audi Q5 SUVs and 2022 Audi A7 vehicles in the US. The remedy is expected to be available in the second quarter of 2025.
Amazon’s Trainium3 chip to be released by end of 2025
The new chip is expected to be up to twice as fast as its predecessor, Trainium2, and offer 40% better energy efficiency.
Diamonds are forever: The safe, new battery that never dies
The world’s first carbon-14 diamond battery is held within a diamond — one of the hardest known substances — making it very difficult for short-range radiation to escape.
GM to sell its stake in Michigan battery factory to LGES
General Motors expects to recoup its $1 billion investment in the Lansing factory. GM said LG Energy Solution will have immediate access to the facility to start installation of equipment.
Bosch to cut 5,550 jobs amid challenges in Germany's auto sector
Bosch plans to reduce its workforce by up to 5,550 positions. The move highlights the ongoing struggles in Germany's automotive industry, which faces increasing competition from Chinese manufacturers and declining demand.
India mulls $1.1 billion plan to boost EV battery production
The scheme aims to support the domestic manufacturing of key components such as electrodes, anodes, cathodes, electrolytes and copper foil that require heavy capital investment and R&D.
AMPECO secures $26 million in Series B funding
The investment will enable AMPECO to accelerate its product development and expand its presence in key markets, solidifying its position in the EV charging software solutions space, the firm said.
ULVAC launches deposition system for chip applications
The ENTRON-EXX offers two versatile platform options, Single and Tandem, enabling customers to select the best platform to fit their factory spaces to achieve maximum productivity per unit of space.
With Tesla entry uncertain, India woos other EV makers
The Indian government is now also considering EV investments at existing factories that currently build gasoline-engine and hybrid cars, sources told Reuters.
Hydro exits battery and green hydrogen ventures
Low EV production and EU tariffs on China-made imports have also impacted Hydro’s European aluminium volumes. The company is launching a cost-cutting programme with the aim of saving USD 582 million.
Waaree Energies bags 600 MWp solar PV modules order
Waaree is focused on PV module manufacturing with an aggregate installed capacity of 12 GW as of June 30, 2023. This is the second such order the Indian company has received in recent weeks.
Japan to invest $1.3 billion in chip start-up Rapidus
The move comes after the Japanese government has already agreed to provide 920 billion yen in subsidies to semiconductor startup Rapidus as the chipmaker prepares to begin mass production in 2027.
China warns of ‘necessary actions’ if US adds new chip controls
The newly proposed sanctions continue to target Chinese chip fabrication plants while putting greater emphasis on targeting domestic firms supplying manufacturing equipment to chipmakers.
Galp scraps joint venture plans with Northvolt
Galp has decided not to proceed with the construction of the Aurora project. Originally a 50/50 partnership between Galp and Northvolt to construct a lithium conversion plant, in Portugal.
Lattice mulls making offer for Intel’s Altera
Oregon-based low power programmable firm Lattice Semiconductor is seeking a private equity backer as it explores a potential bid, the Bloomberg report said.
Goldman Sachs takes $900 million hit on Northvolt
The Goldman Sachs private equity funds, together the 2nd-largest shareholders in Swedish battery maker Northvolt, are set to write down their $896 million investment to zero by year end, FT reports.
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