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.
Volvo raising the bar for electric trucks
Amid a mood of cautious optimism, the launch of Volvo’s new FH Electric truck in 2025 is set to mark a milestone in the Swedish giant’s development with the market in need of a timely boost.
NEO Battery Materials and specialty automotive battery cell manufacturer sign JDA
Canadian NEO Battery Materials Ltd., a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announced the joint development agreement with a North American battery cell manufacturer.
Kitron to expand factory in Swedish Jönköping
Hailing from the 1960's, the Norwegian Kitron informed about the expansion of the factory in Jönköping, in the south of Sweden. Thanks to the investment, the factory will get approximately 6000 square meters and will be completed during the second half of 2025.
Ericsson will not proceed investment in Estonia
In June 2023, Ericsson announced that it would invest 155 million euros to build a next-generation smart manufacturing and technology hub in Tallinn, Estonia. But now it turns out that the Swedish company is abandoning its plans.
Gatema PCB with new printing equipment
Czech company Gatema PCB is using a new press center in the production of printed circuit boards. Three Lauffer press machines, a Monolam MLP 25M and an Optical Pinless Bonding 211/8 machine. After several weeks of testing, the machines, which cost nearly a million euros, are now operating at full capacity.
ICAPE expands in the UK by acquiring ALR Services
PCB distributor ICAPE Group announces that it has acquired 100% of the capital of ALR Services Ltd, a British PCB distributor.
Gentex to acquire VOXX International
Gentex Corporation, an automotive technologies supplier, has entered into a definitive agreement and plan of merger to acquire VOXX International, a distributor of automotive and consumer technologies, in an all-cash transaction.
Kitron secures $5M defense contract for U.S. Army
EMS provider Kitron has been awarded a defense contract to produce custom electronics for the U.S. Army. The order has an annual value of over USD 5 million, with a potential extension for an additional two years.
Omdia bets on Foxconn becoming world’s largest server vendor
Fuelled by skyrocketing demand for AI-optimised servers from major US cloud providers, Foxconn's ODM direct business will experience exponential growth in 2024, securing the top rank in Omdia's global server market analysis.
Manz AG to file for insolvency amid financial crisis
German engineering company Manz AG has announced plans to file for insolvency due to severe financial challenges. The company cited illiquidity and over-indebtedness as reasons for the decision.
ABB to acquire power electronics business of Gamesa Electric
ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa.
OLED notebook penetration rate to reach beyond 5% by 2027
TrendForce's latest OLED market development report reveals that the penetration rate of OLED displays in notebooks is set to increase to 3% in 2024, driven by large-scale procurement from Chinese laptop brands.
Mycronic receives order for an SLX mask writer
Swedish high-tech company Mycronic says it has received an order for an SLX mask writer from an existing customer in Asia.
Ventec expands with new PCB material facility in Thailand
Ventec International Group has chosen Thailand as the location for a new state-of-the-art PCB materials manufacturing facility.
Dixon and vivo India plans manufacturing joint venture
Indian EMS provider Dixon Technologies is teaming up with an Indian subsidiary of Chinese smartphone maker vivo to form a joint venture that will manufacture electronic devices – including smartphones.
Semiconductor market posts strong Q3 says Omdia
The semiconductor industry continues to thrive, posting robust growth in the third quarter of 2024.
Chinese DBG Technology to acquire France’s ALL Circuits
Chinese EMS provider DGB Technology is poised to acquire ALL Circuits, creating a global footprint with manufacturing operations on four continents.
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.
Global chip market for military, aerospace to grow by $3B
North America is set to contribute 40% to growth of the market from 2024 to 2028. US chip companies are at the forefront of identifying, manufacturing and commercializing advanced tech.
Suchi Semicon to invest $100 million in Gujarat OSAT plant
The plant, with an initial area of 30,000 square feet, will provide essential assembly, testing and packaging services for semiconductor components.
Fujifilm ramps up production in Korean chip material plant
The Japanese company is planning a new building at its Cheonan plant for the production of CMP slurry, an abrasive powder used for polishing semiconductor wafers, according to Nikkei.
Italian PCB manufacturer Cistelaier achieves ESA qualification
Earlier in October this year, the European Space Agency formally accredited Cistelaier S.p.A. with ESA qualification in accordance with ECSS-Q-ST-70-60C.
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.
Gotion plans to set up battery plants in Slovakia, Morocco
The total investment by Chinese battery maker Gotion in the facility in Surany, Slovakia, is expected to be around 1.3 billion euros, with an annual capacity of 20 GWh of lithium batteries.
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).
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