Global semiconductor equipment billings up 9% YoY in Q1 2023
New data from SEMI says revenue was 'robust despite macroeconomic headwinds and a challenging industry environment'.
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EU Commission approves up to €8.1 billion support for the second IPCEI on microelectronics
Today, European Commissioner Executive Vice-President Margrethe Vestager approved an Important Project of Common European Interest (IPCEI) to support research, innovation and the first industrial deployment of microelectronics and communication technologies across the value chain.
Forge Nano raises $50m to fund lithium-ion battery facility
The Denver-based company expects the total cost of its pilot production plant will be about USD 120 million.
NTU and Delta Electronics establish a $24m lab to build better robots
The project is part of Singapore’s Research Innovation and Enterprise (RIE) 2025 plan to use automation to overcome labour shortages.
Autoliv to cut up to 8,000 jobs globally
Automotive safety systems provider, Autoliv, says that it is accelerating its global structural cost reductions, particularly within its European operations, a plan the includes the reduction of up to 8,000 positions globally.
Scanfil and grandcentrix team up to manufacture Vodafone Asset Solar tracker
EMS provider Scanfil and grandcentrix, a German IoT company part of Vodafone Group, have agreed on manufacturing and further developing the Vodafone Asset Solar tracker.
Escatec expands its production footprint with new Bulgarian site
EMS provider Escatec had been in expansion mode for several years now. And continued requests to nearshore cost-effective production in Europe have prompted the manufacturer to establish a new production facility in Bulgaria.
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The U.S. CHIPS Act is already making an impact - Evertiq Expo Malmö, Krakow & Berlin
While the EU equivalent still hasn’t officially been launched, the U.S. CHIPS Act has already sparked USD 200 billion in private investments across the country. But where are all of these new fabs going to be built?
Global semiconductor market expected to hit $515 billion in 2023
The global semiconductor market is predicted to reach USD 515 billion in 2023, or a downturn of 10.3%. However, this is anticipated to be followed by a robust recovery, with an estimated growth of 11.8% in 2024, reports the European Semiconductor Industry Association (ESIA).
Koh Young Southeast Asia branch opens expanded offices in Malaysia
Inspection specialist Koh Young has expanded its facility in Penang, Malaysia as the company looks to further cement its position.
Panasonic Energy confirms plans to build a third EV cell factory in the US
The Japanese company says the new facility will help it to quadruple its manufacturing capacity by the end of the decade.
Slump in both volume and price leads to enterprise SSD revenue falling by nearly half
TrendForce reports that an amalgamation of off-season effects and high inflation caused a slump in purchasing enthusiasm in markets like North American server ODM and China. This led to a surge in Q1 inventory levels for enterprise SSD suppliers, contrary to the anticipated reduction.
US lawmakers consider rules to limit investment in Chinese semiconductors, AI and quantum computing
Treasury department says it is reviewing how it grants export licences to US firms that work with the Chinese.
CONFIDEE expands its presence in Germany
Europe's youngest PCB player is expanding its presence in continental Europe with the appointment of Patrick Sandberg as Sales Manager Germany.
Hyundai Mobis starts construction of a EV dedicated battery system plant in Indonesia
The car parts specialist will invest USD 60 million into the new facility, which will supply battery systems for flagship EV models from 2024.
Rapid Manufacturing expands its footprint in Malaysia
US electronics manufacturing company, Rapid Manufacturing, is expanding its operations in Kulim, Kedah, Malaysia. The company is adding a new facility with which it will continue to serve its customers in the aerospace, telecommunication, medical, semiconductor, automotive, and industrial automation sectors.
DIC acquires photoresist polymers manufacturer PCAS Canada
DIC Corporation has acquired 100% of the shares of Quebec-based PCAS Canada Inc. from French-based company PCAS S.A., which manufactures and sells polymers used in photoresists for semiconductor photolithography.
ScandiNova acquires Microwave Amps
Swedish developer and manufacturer of high-end pulsed power systems, ScandiNova Systems AB, is acquiring Microwave Amps, a UK-based producer of advanced RF amplifiers used in high energy physics, medtech, radar, and various industrial applications.
Production resumes at Lacroix following cyberattack
Earlier in May, Evertiq reported that electronics manufacturer Lacroix had fallen victim to a cyberattack. The group is now reporting that it has partially restarted production at its Electronics activity sites in Tunisia (Zriba), France (Beaupréau) and Germany (Willich) as of May 17.
Wrekin Circuits expands capacity and flexibility
UK-based fast turn bare board fabricator Wrekin Circuits reports that it has optimised its electrical test capability with the addition of a third Flying Probe test machine at the Telford site.
Veoneer completes sale of Active Safety business to Magna
Automotive technology company Veoneer has completed the sale of its Active Safety business to mobility technology company Magna. The transaction was first announced on December 20, 2022.
Tata Electronics has raised a $92m war chest to fund its electronic component activity
Regulatory filings show the Indian group raised the capital from secured loans and its parent holding company Tata Sons.
Nicomatic opens new testing laboratory
As part of its design and development process for rugged, harsh environment and hi-rel applications, interconnect systems manufacturer Nicomatic subjects its products to stringent environmental, mechanical and electrical tests. Now, the company has opened a new materials testing laboratory offering these test and qualification services to customers with demanding applications.
Jaltek names new CFO
UK-based EMS provider Jaltek has appointed Simon Wallington as the company's new Chief Financial Officer.
Total NAND Flash revenue falls 16.1% in 1Q23
TrendForce’s recent analysis reveals that purchasing momentum in the NAND Flash market has decelerated during 1Q23.
Mycronic receives order for an SLX mask writer
Mycronic has received an order for an SLX mask writer from an existing customer in Asia.
AT&S is making progress on its expansion plan
The construction cranes in Leoben Hinterberg have disappeared and the view is unobstructed again. The milestones achieved are now clearly visible. The R&D center with its series production for IC substrate technology is in according to AT&S, a lighthouse project.
Montrac equips lighting and electronics manufacturer Hella in China
The montrac monorail shuttle system has been put into service 24/7 by the lighting and electronic expert Hella in Jiaxing (China).
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