© Nevs Business | July 03, 2018
Nevs to lose millions after problems with financier
A partner of the electric car manufacturer Nevs, investment company Beijing Zhigan Shenghou Technology, has not completed its commitments to Nevs, and the issue will now be settled in court, reports the Swedish news site Dagens Industri.
Beijing Zhigan Shenghuo Technology signed an agreement with Nevs in August 2017 to make three capital injections of a total of CNY 720 million (equivalent to USD 108 million) to become an 30 percent owner in Nevs’ Chinese joint venture. After the handing in of an annual report it is now clear that the commitments made by the investment company have not been met. Therefore, the matter is to be solved in court. In March of this year, Nevs signed an agreement with the Chinese investment company GSR Capital. The company has invested in battery technology and would take over Nissan's battery division with factories in Japan, the United States and the UK. However, Nissan is stopping the deal, according to a statement due to the fact that the GSR Capital does not have enough money. The deal is worth USD 1 billion. According to the agreement with GSR Capital, Nevs will receive a convertible loan of approximately SEK 4.5 billion (USD 500 million), and GSR Capital will build a battery assembly plant in Trollhättan, Sweden. That factory would be part of Nissan's battery operations, which means it is now unclear whether there will be any factory or not.
GaAs RF revenue projected to decline by 3.8% in 2020 RF front-end component IDM and foundry revenues will be affected under the dual influences of the COVID-19 pandemic and the Chinese government’s policy of decoupling from the U.S., driven by the ever-intensifying U.S.-China trade war that began in 2019, according to TrendForce’s latest investigations.
X-FAB on track to resume production after cyber attack Following the cyber attack that occurred on July fifth – which resulted in the company shutting down its IT systems and production lines – the company says it has resumed production at one of its manufacturing sites.
Rivian adds additional funding in investment round The electrics car manufacturer says it has closed an investment round of USD 2.5 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc.
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ACM Research starts construction of new facility in Shanghai ACM Research, a supplier of wafer cleaning technologies for semiconductor devices, says that its operating subsidiary ACM Research (Shanghai), has begun construction of its new development and production facility in the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone.
ALLOS Semiconductors has sold its high power electronics and RF business AZUR SPACE has acquired the electronics business of GaN-on-Si epiwafer expert ALLOS Semiconductors.
STMicroelectronics team up with Fingerprint Cards Swedish Fingerprint Cards has teamed with global semiconductor powerhouse, STMicroelectronics, to develop an advanced Biometric System-on-Card (BSoC) solution based on fingerprint-recognition technology.
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Sponsored content by Pegasus Components GmbHThe open market for electronic components as an opportunity in the current crisis. The past few months have also led to bottlenecks in the market for electronic components. The open market offers an attractive solution. Independent distributors like Pegasus Components react quickly and flexibly. Through procurement and stock items they offer a reliable as well sustainable alternative.
Arm to strengthen focus on core semiconductor IP business growth Arm is looking to strengthen its focus on growth and profitability. To achieve this the company has proposed strategic organisational changes – which involves the transferring of businesses.
ROHM and Leadrive establish a joint laboratory ROHM and Leadrive Technology, a Chinese manufacturer of automotive powertrain for new energy vehicles, have already held the opening ceremony for their joint laboratory on SiC technology in the China (Shanghai) Pilot Free Trade Zone (Lingang New Area).
Imagination announces latest licensing deal with NXP Imagination Technologies says that NXP has extended its license for Imagination’s Ethernet Packet Processor (EPP) IP for use in S32 vehicle network processors.
Synaptics to buy rights to Broadcom’s Wireless IoT connectivity business Synaptics Incorporated has signed definitive agreements under which Synaptics will acquire certain assets and manufacturing rights associated with the wireless IoT business of Broadcom for approximately USD 250 million in an all-cash transaction.
Sponsored content by ASMASM Impact – Release Summer 2020: SMT technology leader presents new products in compact livestream ASM’s new releases for this summer are innovative, smart, and deliver great gains in productivity. ASM will present these new solutions, the premiere of the ASM Works software suite and many more innovations around the integrated smart factory in a compact livestream with expert chats and spin-off sessions.
Apple to start mass producing Mac SoC, projected to cost under US$100 According to the latest investigations by TrendForce, Apple officially unveiled its self-designed Mac SoC processors based on the ARM architecture in June, with the market release of the first Mac device with Apple Silicon (which broadly refers to chips designed by Apple) scheduled to take place by the end of this year.
Mini LED supply chain to benefit from Apple’s new 12.9-inch iPad Pro As Apple’s upcoming release of products featuring Mini LED backlight generates a growth in Mini LED demand, the company has also stimulated actors in the Mini LED supply chain to increase their production capacities.
National Instruments completes acquisition of OptimalPlus NI has officially closed the acquisition of OptimalPlus, a data analytics software provider for the semiconductor, automotive and electronics industries.
LeddarTech acquires VayaVision LeddarTech has acquired sensor fusion and perception software company VayaVision.
ON Semi to provide Danfoss with high power devices ON Semiconductor will supply Danfoss Silicon Power with high power IGBTs and diodes for inverter traction modules in the fast growing electric vehicle market.
X-FAB hit by cyber attack On the fifth of July, the mixed signal foundry expert, was the target of a cyber security attack.
UK and France on the map for Huawei Back in 2018, Huawei acquired 500 acres of land in Cambridge. Now the first phase of the Huawei Campus was approved by the local council and the company is gearing up to start the expansion. Adding to that, in late February, the Chinese telecom giant said it intends to build an automated factory will focus on 4G and 5G equipment in France.
Jenoptik is looking to accelerate growth with acquisition of TRIOPTICS Jenoptik is acquiring 100% of the shares in TRIOPTICS GmbH, a supplier of test equipment and manufacturing systems for optical components and sensors.
Global microelectronics market with overall stable development "Although the growth path of the global microelectronics market is intact, on a long-term trend-line, it declined by 12.1 percent to USD 412 billion in 2019," said Dr. Sven Baumann, ZVEI expert for microelectronics, sensors and actuators.
Jörg Doblaski takes on the role of X-FAB CTO X-FAB Silicon Foundries announced the appointment of Jörg Doblaski as its new Chief Technology Officer (CTO). He fills the role of former CTO Dr. Jens Kosch, who is becoming an X-FAB Fellow and will serve as an adviser to the company’s CEO Rudi De Winter.
GaN and SiC power semiconductor markets set to pass $1 billion mark in 2021 The emerging market for silicon carbide (SiC) and gallium nitride (GaN) power semiconductors is forecast to pass USD 1 billion in 2021, energised by demand from hybrid & electric vehicles, power supplies, and photovoltaic (PV) inverters.
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- ALLOS Semiconductors has sold its high power electronics and RF business