Nordic Semi cancels Novelda acquisition
Back in mid-October, Nordic Semiconductor announced that it had signed a Letter of Intent (LOI) to acquire the Norwegian ultra-wideband wireless technology company Novelda AS for an undisclosed sum. Now, Nordic Semi says it wont proceed with the potential acquisition.
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US to boosts chip packaging with $300M in funding
US government announces up to USD 300 million in funding to boost advanced semiconductor packaging.
Mitsubishi Electric to build new power device plant
Mitsubishi Electric Corporation says it will invest approximately JPY 10 billion (EUR 63.3 million) to construct a new facility for the assembly and inspection of power semiconductor modules at its Power Device Works in Fukuoka Prefecture, Japan.
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OSI Systems receives $11 million order
OSI Systems says that its Optoelectronics and Manufacturing division has received an order for approximately USD 11 million to provide critical electronic sub-assemblies for an unnamed healthcare OEM.
Molex to acquire AirBorn
Molex has signed an agreement to acquire AirBorn, Inc., an employee-owned company headquartered in Georgetown, Texas, specialising in the design and manufacturing of rugged connectors and electronic components for global OEMs) serving the aerospace and defence markets.
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GlobalFoundries awarded $1.5 billion in Chips Act funding
The US Department of Commerce has awarded GlobalFoundries up to USD 1.5 billion in direct funding to GF through the CHIPS and Science Act.
French Gan chip designer expands across the Atlantic
Wise-integration is expanding with the opening of its new North American Design & Development Centre in Ottawa, Ontario, Canada.
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Farnell appoints new leaders for EMEA and Americas
Daniel Ford and Richard Diaz join Farnell as Vice Presidents of Sales for EMEA and the Americas, respectively, bringing extensive industry experience and proven records of performance
ST opens new design and industrialisation centre
STMicroelectronics has opened its new design and industrialisation centre, equipped with a test lab, in Pisa Montacchiello, Italy.
ams OSRAM lowers 4Q outlook, extends efficiency program
Austrian semiconductor manufacturer ams OSRAM has revised its fourth-quarter revenue outlook downward due to seasonal mix effects and ongoing market uncertainties heading into 2025.
Layoffs awaits at AMD
AMD has announced plans to reduce its global workforce by approximately 4% as the company focuses on expanding its presence in the rapidly growing AI chip market, where Nvidia currently dominates.
Gregg Lowe to depart as President & CEO of Wolfspeed
Gregg Lowe, President and CEO of silicon carbide specialist Wolfspeed will step down from his role this month. The decision, described as mutual, also includes Lowe’s departure from the company's Board of Directors.
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ASML reaffirms 2030 revenue targets
At its 2024 Investor Day, ASML provided an update on its long-term strategy as well as global market and technology trends, confirming potential 2030 scenarios for annual revenue between approximately USD 44 billion and USD 60 billion.
Samsung's new R&D complex takes shape
Samsung says that it will start installing equipment at its new semiconductor research and development complex (NRD-K) at its Giheung campus, located south of Seoul.
LG Energy Solution to supply cylindrical battery to Bear Robotics
LG Energy Solution will supply its cylindrical battery model 2170 for Silicon Valley start-up Bear Robotics’ lineup of service and industrial robots from 2025, including the Servi Plus and AMR Cart.
LGES Vertech secures ‘$1.4 billion’ ESS order from Terra-Gen
LGES Vertech, the South Korean battery maker’s US subsidiary, and US renewable energy power producer Terra-Gen previously partnered on a 2.2-GWh ESS project in California.
Continental and Novosense partner to advance vehicle safety systems
Semiconductor company Novosense Microelectronics and Continental Automotive Technologies are teaming up to collaborate on the development of automotive-grade sensors to advance safety in-vehicle systems.
Forefront RF secures funding to power next-gen connectivity solutions
Forefront RF, a fabless semiconductor company based in Cambridge, UK, has closed its GBP 16 million Series A funding round. This capital injection will enable Forefront RF to transition from a burgeoning startup to an influential player in RF technology
LEMO names new CEO
As we move into the new year, LEMO will do so with new leadership. The company has appointed Farhad Kashani as its new Chief Executive Officer, effective January 1, 2025.
CHIPS Act will support new California semiconductor manufacturing facility
The U.S. Department of Commerce has agreed to provide up to USD 18.2 million in direct funding to Akash Systems to help develop a 40,000-square-foot cleanroom space for advanced semiconductor manufacturing in West Oakland, California.
Lattice Semiconductor announces 14% workforce reduction
On order to better align its resources to support the current business level and promote greater efficiency throughout the company, Lattice Semiconductor implemented a comprehensive reduction in spending during the third quarter.
TI expands with new product distribution centre in Germany
Texas Instruments (TI) has opened its new product distribution centre in Dreieich, Germany, outside of Frankfurt.
ASMPT has ceased possible privatisation talks
Back in October, it became public that ASM Pacific Technology (ASMPT) had received a preliminary, non-binding approach from an independent third party regarding a possible privatisation of ASMPT. Discussions have now ceased
Eric Wendt is Mouser's VP of supplier management for passives and industrial automation
Distributor Mouser Electronics has appointed Eric Wendt as Vice President of Supplier Management. In his new role, Wendt will oversee Mouser's large group of suppliers across the passive and industrial automation product categories.
Tessolve to acquire Germany’s Dream Chip Technologies
Tessolve, a Hero Electronix venture and provider of semiconductor engineering solutions, has signed a definitive agreement to acquire 100% of Dream Chip Technologies, a semiconductor chip design firm headquartered in Germany, for a consideration of up to EUR 42.5 Million.
Nordic Semiconductor to reduce headcount
Nordic Semiconductor is initiating a “strategic resource realignment” that includes a global workforce reduction of approximately 8% of the company’s total workforce.
Skyworks achieves IATF 16949 automotive certification
Skyworks Solutions has achieved IATF 16949 automotive certification at its facilities in Newbury Park, California; Woburn, Massachusetts; Mexicali, Mexico; Osaka, Japan; and Bedok, Singapore; and support sites in Irvine, California; Andover, Massachusetts; Ottawa, Canada; Seoul, Korea; and Ang Mo Kio in Singapore.
LG Energy to supply batteries for SpaceX Starship rocket
The product LG Energy is working on for Space X is reportedly a cylindrical lithium-ion battery, which could be installed in SpaceX’s new spacecraft.
Freyr buys Trina’s 5 GW solar facility for $340 million
The two companies expect to close the deal around the end of 2024. The 1.35 million square foot manufacturing plant in Wilmer, Texas, began producing modules on November 1.
Mahanagar Gas forms JV with IBC for battery manufacturing
Last month, MGL had announced the signing of an indicative and non-binding term sheet with International Battery Company for a proposed investment in IBC of an amount not exceeding INR 3.85 billion.
LG Energy to supply 46 mm EV batteries to Rivian for 5 years
Sources told the Korea Economic Daily that the deal’s value is estimated to be USD 6.7 billion. The batteries, 46 mm in diameter, will be installed in the Rivian R2 SUV to debut in 2026.
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