Northvolt CEO Peter Carlsson steps down
Carlsson will take on a role as senior adviser and remain a member of the board. Northvolt has filed for Chapter 11 bankruptcy protection in the United States.
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Stellantis delays production of Ram electric pickup trucks
The all-electric pickup was due to go on sale by the end of 2024, followed by the Ramcharger during the first quarter of 2025.
Hyundai, Kia’s Europe sales down 7.5% in October
While Hyundai’s sales fell 3.9% to 41,594 units, Kia’s dropped 11% to 41,246 units.
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2024 was a stable year for Alba PCB
The 2024 Evertiq Expo season concluded on October 24 with Evertiq Expo Warsaw – wrapping up a year of successful trade shows. Among the highlights was an interview with Fabio Puccia Modica of Alba PCB Group, who shared insights on the year, the company’s future plans, and their recent acquisition of the Polish PCB manufacturer WMEltar.
Ford to cut workforce by 4,000 in Europe and UK
Of the total, 2,900 jobs would be lost in Germany, 800 in Britain and 300 in other EU countries. Ford has 28,000 employees in Europe and 174,000 worldwide.
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Honda unveils solid-state EV battery production site
All-solid-state batteries will replace liquid-state lithium-ion batteries, producing twice the driving range by the end of the 2020s and over 2.5 times more by the 2040s, company executives said.
Northvolt files for bankruptcy in setback to Europe’s EV ambitions
Swedish EV battery maker Northvolt said it has only enough cash to support operations for about a week and it had secured USD 100 million in new financing for the bankruptcy process.
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Zumtobel may stop production at French subsidiary
Zumtobel Group AG is considering shutting down production at its subsidiary, ZG Europhane, in Les Andelys in France. The company is also exploring the possibility of selling the site to a buyer who could establish new business activities there.
Foxconn to build AI factories with Nvidia Omniverse platform
Foxconn is collaborating with NVIDIA to use digital twin technology to revolutionize manufacturing and supply chain management, paving the way for advanced global production facilities.
Gapwaves opens pilot-line production facility
Swedish provider of mm-wave antenna systems Gapwaves has officially its new pilot-line production facility in Gothenburg, which serves as a production and industrialisation hub.
Elhurt EMS looks to the future
The final Evertiq Expo of 2024 wrapped up on October 24, closing a successful season of trade shows for the electronics industry. Among the highlights was an interview with Sławomir Tkacz of Elhurt EMS, who shared insights on market challenges, the company’s strategies, and their future plans.
A year in highlights – Evertiq Expo 2024
2024 was a landmark year for Evertiq Expos, the one-day exhibitions hosted by Evertiq across Europe. Building on a legacy of successful events, this year's expos exceeded expectations, bringing industry professionals together to discuss trends, challenges, and innovations in the electronics sector.
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SiriusXM opens Dublin technology hub, adds 200 new jobs
Audio entertainment company SiriusXM plans to hire approximately 200 employees over the next few years in Ireland, an expansion supported by the Irish government through IDA Ireland.
Flex acquires JetCool to expand data centre and power portfolio
Flex has acquired JetCool Technologies, a liquid cooling company for data centres.
Semiconductor manufacturing industry reports strong 3Q24
The global semiconductor manufacturing industry in the third quarter of 2024 showed strong momentum, with all key industry indicators performing positive QoQ increases for the first time in two years, SEMI reports.
Austin American Technology reports strong growth in Mexico
Austin American Technology (AAT) recently completed a key HydroJet installation in Guadalajara and secured several new projects in Ciudad Juárez.
Ventec to become primary PCB materials supplier for Teltonika
Ventec International Group is to become a supply chain partner and primary supplier of PCB base materials to electronics manufacturer Teltonika, which is preparing to open a new PCB manufacturing plant at its base in Vilnius, Lithuania.
Blum-Novotest integrates PCB assembler LM-Electronic
At the start of November 2024, Blum-Novotest, a leader in measurement and testing technology, welcomed LM-Electronic GmbH from Sigmarszell, Germany, into its group. This integration enhances Blum-Novotest's vertical integration and bolsters its technological capabilities in SMT and THT assembly of electronic components.
EPSa joins SERO EMS Group
German EMS provider SERO EMS Group expands its capabilities with EPSa-Elektronik & Präzisionsbau Saalfeld.
East-West contrasts shape Europe’s EMS landscape
On 24 October 2024, industry analyst and in4ma founder Dieter G. Weiss addressed the audience at the Evertiq Expo Warsaw, sharing insights into the European EMS landscape. Weiss offered a comprehensive overview of the sector’s dynamics, particularly in Central and Eastern Europe, highlighting market trends, labour challenges, and economic shifts.
DRAM prices fall in 2025 amid weak demand and rising inventory
The fourth quarter is a critical period for setting DRAM contract prices. According to TrendForce's latest research, prices for mature DRAM processes such as DDR4 and LPDDR4X are already falling due to excess supply and dwindling demand.
Meyer Burger's biggest customer terminates agreement
Meyer Burger says it has received a letter from its largest customer, DESRI, stating that the master agreement with Meyer Burger is being terminated with immediate effect.
Scania in talks with EV battery suppliers, CEO says
Scania wants half of its vehicle sales to come from electric trucks by 2030. Currently, they make up less than 1% of sales, with the rollout hit by production and delivery problems at Northvolt.
$712 million battery plant in Kentucky to create 1572 jobs
The Shelbyville Battery Manufacturing plant, a part of Canadian Solar Inc, will produce 20 feet long, 8 feet wide and nearly 9 feet tall batteries used to store energy at large scale.
Vecmocon secures $10 million to advance EV tech
The Delhi-based start-up said it will use the funds to expand its presence across various market segments, including electric two-wheelers and three-wheelers, LCVs and buses.
US finalizes $6.6 billion in chips grants for TSMC
TSMC will produce the world’s most advanced 2-nanometer technology at its second Arizona fab, which is expected to begin production in 2028.
LG Display to invest $1 billion in Vietnam OLED plant
With the new investment, LG Display wants to ramp up OLED panel output after selling its LCD factory in China for USD 1.5 billion.
Are Nvidia’s new AI chips facing overheating snag?
The Blackwell graphics processing units overheat when connected together in server racks designed to hold up to 72 chips, according to a report by the Information.
Battery start-up Ion secures $10 million investment
Earlier, Ion Storage Systems got a USD 1.5 million grant from Maryland Technology Development Corp, and a USD 20 million award from Department of Energy’s Advanced Research Projects Agency-Energy.
India’s semiconductor sector set to create 1 million jobs by 2026
This includes 300,000 jobs in chip fabrication, 200,000 positions in ATMP and additional roles in chip design, software development, system circuits, and manufacturing supply chain management.
Global EV sales up 35% in October, propelled by China
Sales of EVs, including fully electric and plug-in hybrids, reached 1.72 million worldwide in October, research firm Rho Motion’s data showed, with sales in China hitting 1.2 million vehicles.
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