Volvo Cars raises EUR 500 million for electrification
Volvo Cars has placed its second green bond to raise EUR 500 million from a set of global investors. The bond was oversubscribed three-times.
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VW adds to its EV network with a second German site
Volkswagen is pressing ahead with gearing its plants to electric mobility. Volkswagen is expanding its global production network for electric vehicles by starting to make the all-electric ID.4 in Emden.
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Hyundai to set up EV plant & battery manufacturing in the US
The South Korean automaker is looking to invest USD 5.54 billion to construct full electric vehicle and battery manufacturing facilities in Georgia, USA.
Smartphone camera module shipments to reach 5.02B in 2022
According to TrendForce research, smartphone camera module shipments will increase to 5.02 billion units in 2022, an annual growth rate of 5%.
Leoni sells its automotive standard and special cables business
The German supplier of wires, cables and wiring systems has sold its Business Group Automotive Cable Solutions (BG AM), to STARK Corporation.
New CEO takes the helm at the ZKW Group
As of May 16, 2022, Dr. Wilhelm Steger has taken over the position as CEO of the ZKW Group.
Einride orders 110 electric trucks from Scania
The 110 trucks marks the largest order of heavy duty electric trucks to date for Scania, kicking off a collaborative product development partnership with Einride.
Lear to acquire I.G. Bauerhin
Automotive technology company, Lear Corporation, has entered into a definitive agreement to acquire I.G. Bauerhin (IGB), a supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules.
Ericsson and Intel launch cloud RAN tech hub
The Swedish telecom company is teaming up with US chipmaker Intel – pooling together R&D resources to create high-performing Cloud RAN solutions.
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Manufacturers Reassess their Supply Chains
Prevailing obstacles since the COVID-19 Pandemic in 2020 have manufacturers reassessing their supply chain strategies. The following major disruptions that occurred entering 2022 added to existing setbacks, or created new ones altogether:
FREYR starts preparatory work for Finnish battery plant
The Norwegian battery manufacturer has signed an agreement with the City of Vaasa, Finland, for the temporary lease of 130 hectares – 1,300,000 square metres – of land in the GigaVaasa area. The plot will be the future site of the company's planned battery cell production plant.
New post-pandemic low – 17.5M notebook panels shipped in April
According to TrendForce research, due to China's lockdowns and inventory adjustments by notebook brands, April notebook panel shipments totaled 17.5 million units, down 21.5% YoY, and a new low for shipments since April 2020 and the advent of the COVID-19 pandemic.
More SMT muscles arrive at NOTE Windsor
The engineering team at EMS provider NOTE's Windsor operations have been keeping busy with ongoing investments in additional SMT manufacturing muscles.
StradVision to open new Dusseldorf office
StradVision, an AI-based vision processing company for Autonomous Vehicles and ADAS, expands in Europe with the opening of their second office in Germany, based in Dusseldorf.
Hewlett Packard Enterprise to set up new factory in Czech Republic
Hewlett Packard Enterprise has announced plans to build its first European factory for next-generation high performance computing (HPC) and artificial intelligence (AI) systems to accelerate delivery to customers and strengthen the region’s supplier ecosystem.
China-based IC production to represent 21.2% of China IC market in 2026
Foreign companies – such as Samsung, SK Hynix, TSMC and others – are expected continue to comprise more than 50% of IC production in China through 2026, says IC Insights.
NEOTech invests in new selective wave soldering machines
EMS provider NEOTech has acquired multiple new Pillarhouse Synchrodex Pro Selective Wave Soldering machines for several of its North American manufacturing facilities.
Weiss Technik acquires corrosion testing specialist
Weiss Technik has acquired Ascott Analytical Equipment, a British company that has been manufacturing and distributing corrosion testing equipment for more than 30 years.
Teltonika new technology centre is nearing completion
The Lithuanian EMS provider is currently expanding its operations with a new technology centre in Molėtai. The company broke ground on the EUR 34 million investment in early January and is now approaching completion.
New lithium-Ion battery recycling facility opens in Arizona
Li-Cycle Corp. has started operations at its new Arizona Spoke facility located in Gilbert, Arizona.
Global DRAM revenue falls 4.0% QoQ in 1Q22, says TrendForce
According to TrendForce investigations, total DRAM revenue in 1Q22 decreased by 4.0% QoQ, reaching USD 24.03 billion. The primary reason for this drop stems from market inflation, weakening demand, and the outbreak of the Russian-Ukrainian war at the end of February affecting the performance of terminal consumption.
Volvo Trucks opens battery plant in Belgium
Volvo Trucks' is planning to open a new – first – battery assembly plant in Belgium. Once up and running the plant will supply tailor-made batteries for the company's heavy-duty electric trucks.
GE Aviation purchases Hentec/RPS system
Cincinnati, Ohio-based GE Aviation, a manufacturer of propulsion systems for commercial and military aircrafts, has purchased a Pulsar solderability system from Hentec Industries/RPS Automation.
Onkyo files for bankruptcy
The Hi-Fi company, which has been operating since 1946, has reportedly filed for bankruptcy at Osaka District Court on Friday, with total liabilities of around JPY 3.1 billion (USD 24 million).
Indium expands with mew manufacturing facility in Malaysia
US-based global materials supplier Indium Corporation, will invest MYR 250 million (USD 57 million) in an expansion that will result in a new manufacturing facility in Penang, Malaysia.
DuPont opens new production line in Circleville, Ohio
DuPont Interconnect Solutions, a business within the Electronics & Industrial segment, has completed a USD 250 million capital project to expand production of Kapton polyimide film and Pyralux flexible circuit materials at the Circleville manufacturing site.
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