Molex to acquire Smiths Interconnect
Molex has signed an agreement to acquire Smiths Interconnect. Smiths Interconnect, a subsidiary of United Kingdom-based Smiths Group plc, is a provider of high-reliability connectivity products and solutions serving the aerospace and defence, medical, semiconductor test and industrial markets.
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Keysight completes acquisition of Spirent Communications
The aggregate transaction consideration totaled approximately USD 1.46 billion on a fully diluted basis. UK firm Spirent’s shares will be delisted from the London Stock Exchange effective October 17.
Chara raises $6M to boost rare-earth-free motor manufacturing
The Indian company is planning to establish a new factory in Bengaluru along with a dedicated testing and validation facility. The expansion is expected to increase Chara’s annual production capacity from 20,000 to 100,000 units.
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Vertical secures $11M to advance development of GaN transistors
Built on a decade of research at MIT’s Palacios Group, Vertical’s breakthrough transistors use GaN. Vertical has demonstrated the technology on 8-inch wafers using standard silicon CMOS semiconductor manufacturing methods.
Caracol raises $40M to accelerate scale-up of manufacturing tech
This new funding will further accelerate Caracol’s global scaling and international expansion. The Italian firm also aims to deepen the capabilities of its multi-process, multi-material platforms, with a focus on software, automation and AI.
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Foundry utilisation exceeds expectations in 2H25
According to TrendForce, wafer foundry utilisation during the second half of 2025 has remained more resilient than anticipated. Several factors are contributing to this, including the postponed US semiconductor tariffs, low inventory at IC vendors, the peak smartphone season, and ongoing high demand for AI.
Billions in raw materials hidden in Europe’s old smartphones
Billions of euros worth of metals are lying unused in drawers across Europe. A new report from refurbed and Fraunhofer Austria reveals that unused smartphones in European households contain critical raw materials worth an estimated EUR 1.1 billion in total.
Beyond Gravity expands solar array mechanism production
Space supplier Beyond Gravity has doubled its production area for solar array drive mechanisms in Switzerland. The company now produces 200 units per year, up from 36, a fivefold increase in output.
TASE completes acquisition of US firm Joined Alloys for $12M
TASE Global has a factory in Tamil Nadu and is also working on a brownfield expansion with an investment of USD 17 million. The company specializes in precision manufacturing of components and providing solutions for aerospace, medical and industrial applications.
Hanza acquires German EMS company BMK
Swedish EMS provider Hanza has signed an agreement to acquire the German EMS provider BMK Group – becoming Europe’s largest listed contract manufacturer
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