Magna to acquire Veoneer
Magna International announces that the comapny have entered into a definitive merger agreement under which Magna will acquire automotive safety technology company Veoneer.
TTM speeds up PCB solder mask processing with Orbotech system
PCB manufacturer TTM Technologies has purchased and installed an Orbotech Neos 800, transforming the way solder mask is applied to PCBs.
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Nidec in discussions regarding JV with Hon Hai and Foxtron
Nidec Corporation has agreed to start discussions on establishing a joint venture with Hon Hai Technology Group and Foxtron Vehicle Technologies of Hon Hai Technology Group in Taiwan.
Schweizer achieves IATF certification at its Jintan, China plant
A little over a year ago, production was launched at Schweizer's new high-tech plant in Jintan (China). Now, the company is celebrating another important milestone for the plant in China as it has achieved IATF 16949:2016 certification.
Another strong quarter for NCAB
"In general, we are seeing increased activity from both existing and new customers with new projects. This is an indication that we are capturing market share," says Peter Kruk, CEO of NCAB Group in the interim report.
Stora Enso starts pilot plant for carbon materials for batteries
Stora Enso's announces that its pilot facility for producing bio-based carbon materials from lignin has started operations. This follows the company's EUR 10 million investment announced in 2019.
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Bosch is making three new investments in Hungary
The German company says is will strengthen the significance of its site in Maklár, Hungary. The company will make three new investments in Maklár where the poduction of electric steering will be expanded and a global service centre will be built.
Saki beefs up customer support services at Nara factory
Japanese inspection specialist Saki Corporation has added a dedicated customer demonstration room for pre-acceptance check of inspection equipment as well as a Parts Center for centralised management of inventory and supply at its Nara factory.
SVOLT and Stellantis enter battery partnership
Chinese headquartered SVOLT has entered into a partnership with automotive holding company Stellantis, the owner of brands such as Chrysler, Citroën, Fiat, Opel and Peugeot.
Volvo to take full ownership of its Chinese manufacturing and sales operations
Volvo Cars has signed an agreement with its parent Geely Holding to acquire Geely's stake in the parties joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country.
Rising threat of COVID-19 to hamper smartphone production
Given the intensifying COVID-19 pandemic in India and Vietnam in April and May, TrendForce is revising its forecast of annual smartphone production for 2021 from 1.36 billion units down to 1.35 billion units in response to the second wave of coronavirus that has spread throughout India and Vietnam.
Mycronic receives order for two SLX systems
Mycronic AB has received an order for two SLX systems from a new customer in Asia.
Mission Critical Electronics acquires ZeroRPM
Mission Critical Electronics (MCE), a California-based designer and manufacturer of electrical power solutions for specialty vehicle, marine, network and industrial markets, is acquiring ZeroRPM.
Electronic system design industry logs record first quarter
Electronic System Design (ESD) industry revenue increased 17% to USD 3,1571.7 million in Q1 2021, the strongest first-quarter growth ever, the ESD Alliance, a SEMI Technology Community, announces in its Q1 2021 Electronic Design Market Data (EDMD) report.
Teledyne awarded $39.2M for autonomous underwater vehicles
Teledyne's subsidiary, Teledyne Brown Engineering, Inc., has been awarded an indefinite-quantity/indefinite-delivery contract with a maximum base value of USD 27.4 million from the U.S. Navy for the Littoral Battlespace Sensing-Glider (LBS-G) program. The contract includes a single five-year ordering period and five one-year option periods. The option periods, if exercised, have a ceiling value of USD 39.2 million.
ABB to acquire ASTI Mobile Robotics Group
ABB will acquire ASTI Mobile Robotics Group (ASTI), a global autonomous mobile robot (AMR) manufacturer with a portfolio across all major applications enabled by the company’s software suite.
Verkor raises €100M to develop battery cells in France
Co-led by EQT Ventures and Renault Group, the new capital will allow Verkor to break ground on an advanced R&D facility and pilot line for battery cell manufacturing – a leap forward in its roadmap to 50 GWh battery production capacity by 2030.
Taiwanese IPC revenue for 1H21 reaches NTD 115.1 billion
As the Taiwanese IPC (industrial PC) market suffered from deferred orders due to supply chain and logistical disruptions that took place in 1H20, total domestic IPC revenue for 1H20 reached NTD 105.4 billion, a 4.7% YoY decrease, according to TrendForce’s latest investigations.
Altix receives new order for AcuReel XL imaging system
Altix has received its first order for its AcuReel XL from a undisclosed European FPC manufacturer.
Veoneer partners with Baraja
Swedish automotive technology company Veoneer, has signed an agreement with pioneering LiDAR company Baraja to industrialise their Spectrum-Scan LiDAR technology for the next market wave of L2+ through L4 autonomous vehicle applications.
Jenoptik achieves record figures in 2Q 2021
The Jenoptik Group achieved record figures in order intake, revenue and EBITDA in the second quarter 2021 and due to this the company raises its guidance for the fiscal year 2021.
Lockheed Martin opens new STAR center
Lockheed Martin has opened its Florida-based "factory of the future", an advanced manufacturing facility to expand Orion spacecraft production.
AEye partners with Sanmina to scale LiDAR production
AEye, Inc. a provider of adaptive, high-performance LiDAR solutions, has tapped Sanmina for its manufacturing muscles. The EMS provide will start production of AEye’s 4Sight M LiDAR sensor for industrial and mobility markets in September.
Swedens importance for Kitron
Sweden as a geographic market drives Kitron. The EMS provider recorded revenues of NOK 994 million (EUR 96.4 million) during the second quarter of 2021, out of this total, NOK 472.3 million (EUR 45.5 millon) came from the Swedish market.
Nano Dimension and Hensoldt form jointvVenture
Additively manufactured electronics specialist, Nano Dimension, has formed a partnership with defense and security electronics provider HENSOLDT AG. The recently formed joint venture entity is named J.A.M.E.S GmbH (Jetted Additively Manufactures Electronics Sources, or J.A.M.E.S).
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