© saniphoto dreamstime.com Business | April 04, 2018
Another nail in the SolarWorld coffin
SolarWorld Industries GmbH has filed to open insolvency proceedings with the District Court of Bonn.
Lawyer Dr. Christoph Niering has been appointed as the provisional insolvency administrator and will together with managing director Frank Asbeck manage the operating business of SolarWorld Industries GmbH, including the four foreign sales companies. The employees in Bonn and the general works council have already been informed about the current situation. Employee meetings and works council meetings have been scheduled at the Arnstadt and Freiberg locations. "For me, it is important that, above all things, the works councils and employees are informed promptly and personally by me" said the provisional insolvency administrator Niering in a press release. "Together with the management, we are trying to maintain the operative business and to find a solution for the two production sites." The insolvency affects 570 employees in Bonn, Freiberg and Arnstadt. Pre-products are manufactured at the Arnstadt site and final assembly of the solar modules takes place at the Freiberg location. The administration and foreign sales activities are controlled via the head office in Bonn. It is worth noting that SolarWorld already filed for insolvency in 2017; a short 8 months ago. Then, the company was delisted and bought by then 'sun king' and Solarworld founder Dr. Frank Asbeck. And in connection to the developments at SolarWorld, competitor JA Solar has issued a statement in rebuttal to the “meritless assertions made by SolarWorld in hearings conducted last year and reported in the USTR findings released March 22, 2018.” JA Solar says that it has not benefited from "economic espionage and theft" to develop its PERC technology as asserted by the statements attributed to SolarWorld in the USTR report. Dr. Wei Shan, CTO of JA Solar said in the statement that: "These allegations on JA Solar are baseless, purely speculation or imagination, erroneous and mistaken if not knowingly false. JA Solar has engaged in hard work and independent research and development of our PERC cell technology, beginning as early as 2009. We view these statements of SolarWorld as meritless and unsupported and firmly believe that such statements will not withstand any level of scrutiny. The substantial investments in the research and development of our technology are solely responsible for our successes."
MaxLinear to acquire Intel division MaxLinear, along side its subsidiary, have entered into a definitive agreement with Intel Corporation under which MaxLinear would, subject to customary closing conditions, acquire Intel’s Home Gateway Platform Division for USD 150 million.
America II: 'we remain open for business' The situation surrounding the COVID-19 pandemic continues to evolve, and doing so rapidly. Globally we’re seeing nations and governments react with recommendations and restrictions to movement and business operations – and companies are reacting.
Infineon receives final green light for its acquisition of Cypress Infineon says it has received all necessary regulatory approvals for its acquisition of Cypress Semiconductor. Infineon expects to close the transaction within five business days.
Schurter updates on the impact of COVID-19 Continued travel restrictions, the shut-down of borders and whole cities and other similar events have created unanticipated labour, logistics and material shortages throughout the world.
COVID-19 case at Fukui Murata Manufacturing’s plant On April 4, Murata Manufacturing, confirmed that an employee at the Takefu Factory of Fukui Murata Manufacturing has tested positive for COVID-19.
Cree: COVID-19 has had a greater impact than first anticipated Cree says that the COVID-19 pandemic has had a greater impact than originally anticipated when the company provided the third quarter outlook back in late January.
Hirose expedites shipment of medical equipment manufacturers Connector solutions manufacturer, Hirose, says it is prioritising and expediting orders to medical equipment manufacturers.
Short-time work starts at Elmos Elmos will start with the previously announced short-time work in mid-April. Associated with this, the Management board and executives will voluntarily waive a part of their remuneration.
Hirose’s Malaysian factory has been temporarily closed The connector company had to temporarily close its operations in Malaysia on March 18 following a government order. The order is a precautionary measure against Covid19 and is affecting most of the country’s industries.
COVID-19: Vishay provides operational update The manufacturer of discrete semiconductors has provided an update on the operational status of its manufacturing facilities amidst COVID-19 pandemic.
Axcelis receives its first order For Purion in Japan Axcelis Technologies, a supplier of high-productivity solutions for the semiconductor industry, says it has received an order to ship its first Purion system into Japan.
NXP invests in Kalray An EUR 8 million equity investment to strengthen partnership between the companies who will co-develop, jointly promote and deploy autonomous driving solutions on the market.
SEMI urges ‘essential business’ designation of semi companies SEMI has urged government representatives around the U.S. and world to designate the semiconductor industry as an essential business so operations at companies across the chip supply chain can continue without interruption as the spread of COVID-19 continues.
Digi-Key inks distribution partnership with Siglent Technologies Digi-Key Electronics has expanded its product portfolio by signing a North American distribution partnership with Siglent Technologies, providing its customers with electronic test and measurement solutions.
Jenoptik supplies infrared optics to Rheinmetall The photonics group Jenoptik will supply infrared optical components to Rheinmetall between 2020 and 2025.
Kyoto Semiconductor names new president and CEO As of April 1, 2020, the company has announced that a new management system will begin, with Tsuneo Takahashi set to become its new President and CEO.
Smoltek signs evaluation license agreement with capacitor manufacturer Swedish technology company, Smoltek, says that it has signed an evaluation agreement with an unnamed manufacturer of capacitors.
Pervasive Displays increasing manufacturing capacity e-paper display manufacturer, Pervasive Displays (PDi), says it has made a major advancements in product reliability and manufacturing capacity to improve the automated production of electronic paper displays (EPDs).
Analog Devices prioritises the medical field during pandemic Analog Devices, Inc. has taken a series of actions to support the global response to the COVID-19 pandemic by expediting production of its healthcare technologies that can help fight the outbreak.
Autec Power Systems & New Yorker Electronics inks agreement Autec Power Systems, a provider of custom power supplies, high-efficiency LED Drivers, switching power supplies and power management products, has signed accredited distributor New Yorker Electronics to a new distribution pact.
MagnaChip Semiconductor to sell its foundry business and Fab 4 MagnaChip Semiconductor says that certain of its wholly-owned subsidiaries have entered into a definitive agreement to sell the company's Foundry Services Group and the factory in Cheongju (Fab 4), the larger of the company's two 8" manufacturing facilities.
Singulus Technologies temporarily reduces business operation Against the backdrop of the current situation related to the spread of COVID-19 and the resulting restrictions in private and business lives, Singulus Technologies is implementing short-time work at two of its German sites.
Kyocera to acquire Japan-based Showa Optronics Kyocera Corporation has entered into a share transfer agreement with NEC Corporation on March 25, 2020 to acquire all of NEC’s shares in Showa Optronics Co., Ltd., an optical components manufacturer.Load more news