© Hon Hai Technology Business | September 30, 2020
Hon Hai and Yageo form strategic alliance
Hon Hai Technology Group and Yageo Group are teaming up in an alliance which will combine the two groups’ resources to integrate their R&D capabilities and technological innovations in key electronic components.
In a press release, the companies says that the strategic partnership will differentiate from traditional supply chain operation. Not only in the development of key electronic components and the sharing of R&D resources, but also in the cooperation with global end customers, Yageo’s diversified products can be fully integrated and matched to the new business scope of Hon Hai Technology Group. "Yageo is an industry leader in many technological fields. The solid cooperation with Hon Hai will be able to demonstrate the wisdom and advantages of Taiwan’s manufacturing industry. Through this strategic alliance, we will focus more on the development of new customers and products with joint resources to meet global customers’ needs in the supply chain support and functional design development and come up with more value-added solutions," says Young Liu, Chairman of Hon Hai, in the press release. "For many years, Yageo has cultivated deeply in key electronic components for electric vehicles, smart healthcare, industrial specifications, 5G technology, and special semiconductor packaging and testing and has shown many concrete results in related areas. Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the future," adds Pierre Chen, Chairman of Yageo Group. In recent years, Hon Hai says it has been actively involved in the three new industries of electric vehicles, digital healthcare, and robotics and the three new technologies of artificial intelligence, semiconductors, and new-generation communication. "3+3" is described as the group’s important long-term development strategy. After acquiring KEMET and Pulse, Yageo Group will not only focus on high-end 5G, automotive, industrial, aerospace, and medical segments, but also provide the group’s expertise and one-stop shopping platform in special semiconductor packaging and testing from Tong Hsing, automotive inductors and magnetic materials from Chilisin, and aluminum electrolytic capacitors from Kaimei. Yageo Group will thus become a strong partner for Hon Hai Group in the development of electric vehicles, digital healthcare, and robotics. This cooperation will officially start in the third quarter of this year.
Murata completes new Okayama production building The Japanese company’s production subsidiary, Okayama Murata Manufacturing, initiated an expansion of its operations in Setouchi City with a new production building in December 2019. Now the building stands complete.
Osram signs supply and commercial agreement with LeddarTech ADAS and AD sensing specialist, LeddarTech, and automotive lighting and laser systems supplier Osram, have entered into a long-term agreement.
Sponsored content by Shenzen Kinwong ElectronicThe development trend of printed circuit board products and Kinwong's solution With the rapid development of electronic technology in recent years, printed circuit board (PCB) products are pursuing higher heat dissipation capabilities, with high voltage and high current characteristics, and are developing towards high-density interconnection technology (HDI).
ITW to acquire MTS Test & Simulation business From Amphenol Illinois Tool Works Inc., a global multi-industrial manufacturing company, and the provider interconnect, antenna and sensor solutions, Amphenol Corporation, have entered into an agreement under which ITW will acquire MTS Systems Corporation’s Test & Simulation business, following the closing of Amphenol’s acquisition of MTS.
Tobey Gonnerman named Fusion Worldwide's new President The global sourcing distributor announces that Tobey Gonnerman has been appointed as the company’s new President.
Solving the Cable TV Infrastructure Downstream Transmitter Challenge Driven by demand for faster internet connectivity, the cable TV industry has developed new network architectures for the delivery of multigigabit services to subscribers. This fiber deep approach, using a remote PHY device (RPD), moves critical hardware closer to the users by using digital fiber.
Boyd expands its footprint with new facility in Mexico Thermal management and engineered material solutions specialist Boyd Corporation, has expanded its presence in North America with a newly built facility strategically located in Juarez, Mexico.
Farnell becomes a global distribution partner NI the distributor of electronic components, products and solutions has been appointed as an NI Authorized Distributor, expanding its product portfolio to include NI software-connected test and measurement solutions for customers of all sizes.
Foxconn and Winbond invest in chipmaker Kneron Foxconn and Winbond joins companies such as Qualcomm, Horizons, Sequoia and Weltrend as high profile investors in Kneron
EV Group sets up customer training facility at HQ EV Group (EVG) has established the EVG Academy, a training facility for customers that provides technical training on all classes of the company's equipment as well as on its CIM Framework software platform in an optimised environment.
Denso team up with Aeva to develop sensing and perception systems Mobility supplier Denso says that it is partnering with U.S. LiDAR and perception systems company, Aeva, to develop next-generation sensing and perception systems.
Fire hit Taiwanese MLCC manufacturer in China On January 13 a fire broke out at Taiwanese passive component maker Walsin Technology’s Dongguan, China site.
Thin Film Products joins SERMA Microelectronics SERMA Microelectronics, a subsidiary of the French electronics specialist SERMA Group, has finalised the purchase of TFP (Thin Film Products), a French manufacturer of thin-film microwave circuits for space, military and civil applications.
New Korean Zestron Technical Center opens for customers The provider of high precision cleaning products has expanded its operations by opening a new Technical Center, located in Anyang, Korea.
A2 Global Electronics names new executives Electronic component distribution and supply chain service provider, A2 Global Electronics, has appointed Anthony Andriano as its new Chief Financial Officer and promoted Jesper Romell as its new President.
ROHM expands production capacity of SiC power devices ROHM has recently held an opening ceremony announcing the completion of a new building at ROHM Apollo's Chikugo plant, which the company started building back in February 2019, to enhance the production capacity of SiC power devices.
Elmos acquires Online Engineering GmbH Elmos is strengthening its in-house competencies in software engineering via the acquisition of Dortmund based engineering service provider Online Engineering.
Plasmatreat expands with new subsidiary in Switzerland The technology company says it has further developed its international proximity to its customers by founding its new subsidiary Plasmatreat Schweiz AG, and thus taking steps to better serve the Swiss market.
RAFI Group increases their presence on the Nordic market The RAFI Group, a specialist of human–machine interaction and EMS, increases their presence on the Nordic market in 2021. Stefan Steiner has been named the RAFI sales manager for the Nordic operations located in Stockholm.
Filtronic wins new UK defence contract UK designer and manufacturer of antennas, filters and mmWave products, Filtronic plc, has won a significant contract from a new major UK defence customer for the supply of battlefield radio communications hardware valued at over GBP 1 million.
A2 Global expands with new facility in Singapore Electronic component distribution and supply chain service provider, A2 Global Electronics, announces the opening of its new distribution facility located in the New Tech Park area of Singapore.
Sensata acquires majority ownership of Lithium Balance Sensata, an industrial technology company that develops sensors and sensor-based solutions, has acquired 75% of Lithium Balance based in Denmark.
Analog Devices to shutter California facility In a WARN notice, the company says that due to changing business needs will require the company to permanently close its facility Milpitas, California.
Intelliconnect moves to larger factory as sales grow Intelliconnect (Europe) Ltd the UK based specialist manufacturer of RF, waterproof and cryogenic connectors and cable assemblies, announces that it has moved to a larger facility at the Corby Innovation Hub following sales growth of 30% in 2020.
Pat Gelsinger to replace Bob Swan as Intel CEO Intel has appointed 40-year technology industry veteran Pat Gelsinger as its new chief executive officer, effective February 15, 2021. He will succeed Bob Swan, who will remain CEO until Pat starts.
Qualcomm to acquire NUVIA Qualcomm says it has entered into a definitive agreement to acquire NUVIA for approximately USD 1.4 billion before working capital and other adjustments.
Advanced Energy acquires RF specialist Advanced Energy, a provider of precision power conversion, measurement, and control solutions, has completed the acquisition of Versatile Power, a Campbell, California-based provider of radio frequency (RF) and programmable power supplies for medical and industrial applications.Load more news