3M announces restructuring – 2’900 positions impacted globally
The company says that it aims to advance its operating model, improve its cost structure and accelerate innovation. To do this the company will initiate restructuring actions that will impact all business groups, functions and geographies.
Ad
MOST READ
Swedish supply chain analytics company completes financing round
Supply chain data analytics software provider Lexi Solution AB has completed a SEK 3.3 million (EUR 320’000) financing round. The round was heavily oversubscribed, with strong participation from existing Lexi shareholders as well as several new investors.
A new platform to connect the EMS sector
For the past several months, a new platform has been operating on the contract assembly market – SafeRFQ – an order exchange platform and database of companies operating within the industry. Evertiq reached out to founder Jerzy Bieschke to hear more about the concept.
Specialty DRAM prices show stability for mainstream chips in November
Contract prices of mainstream products generally held steady in November following their stabilisation in the prior month, according to TrendForce.
Large 80-unit lands at MKS Instruments
The company’s latest flexible PCB laser processing solution is getting quite the attention. So much so that an unnamed Chinese PCB manufacturer has purchased 80 units.
Global smartphone production sets highest QoQ growth in recent years
In 3Q20, the smartphone industry benefitted from the gradual easing of pandemic containment measures worldwide, the arrival of year-end holiday season, and the expanded production targets by smartphone brands looking to capture Huawei’s lost market shares, according to TrendForce’s latest investigations.
Ad
Electric vehicle microfactory makes its Arrival to South Carolina
Arrival, an electric vehicle (EV) company, plans to establish its first U.S. Microfactory in York County, South Carolina. The USD 46 million investment into the region is expected to create 240 new jobs.
Emerald EMS expands – acquires two EMS provider
Emerald EMS, the combination and merger of DataED and Bestronics which saw the light of day as late July 2020, is expanding via the acquisition of two EMS providers based in Michigan and California.
Mekoprint ups game in medical electronics
Strong growth in the need for digital healthcare solutions is paving the way for technological expansion at Mekoprint.
Valmet Automotive expands battery testing for EV’s
The company is putting its new battery testing centre in Weihenbronn, Germany into operation. With the new centre the company significantly expands testing capacities and new employees will be recruited.
UK CEM weathers the storm – new investment throughout 2020
When UK-based CEM, Jaltek Systems, was leaving 2019 for the current year, it ended with an investment in a shiny new 3D AOI from CyberOptics and a promise that investment would continue in 2020.
The semiconductor market is expected to increase 5.1% in 2020 - and accelerate in 2021
Worldwide semiconductor market is forecasted to be USD 433 billion in 2020 – an increase of 5.1% from 2019 – reports the European Semiconductor Industry Association (ESIA) based on the latest WSTS forecast data.
Nordic Semi expands into Wi-Fi via acquisition
Nordic Semiconductor is expanding its in-house wireless technology expertise into Wi-Fi after acquiring the entire Ensigma Wi-Fi development team and associated Ensigma Wi-Fi IP tech assets from world-leading graphics, vision, and AI processing company, Imagination Technologies.
Swedish manufacturer expands on home market
Syntronic, a Swedish design house and manufacturer, is expanding its Syntronic is expanding the manufacturing site in Kumla.
Enics names new CFO
EMS provider Enics has appointed Kristiina Leppänen as the company’s new Chief Financial Officer.
MAHLE opens new test bench for electric drives
The German company says it has commissioned a test bench for electric drives in Stuttgart. This equipment will be used to develop and test e-axles and e-drive units for a wide range of electric and hybrid vehicles.
Variosystems expands with new Texas facility
The Swiss EMS provider says that it is opening a system integration and over-molding plant in Fort Worth, Texas, the company’s sixth manufacturing location.
New jobs created as auto supplier opens North American HQ in Georgia
Turkish developer and manufacturer of fluid systems for heating & cooling, TEKLAS, is planing to invest USD 6.5 million to open its first North American facility and headquarters in Calhoun, Georgia, delivering 120 jobs to city.
Incap bounces back from tough second quarter
Following a tough second quarter which was affected by the negative consequences of the COVID-19 pandemic, Incap’s business recovered during the third quarter.
Small Norwegian wireless sensor manufactured in Germany
Norwegian technology startup, Disruptive Technologies, has developed a sensor that send encrypted measurement data and can be stuck pretty much anywhere. The tiny sensor has now moved from prototype into serial production at Zollner.
NAND Flash revenue for 3Q20 up by only 0.3% QoQ due to weak server sales
Total NAND Flash revenue reached USD 14.5 billion in 3Q20, a 0.3% increase QoQ, while total NAND Flash bit shipment rose by 9% QoQ, but the ASP fell by 9% QoQ, according to TrendForce’s latest investigations.
Danutek Bulgaria ends 2020 on a high despite pandemic
Even during the global pandemic, Danutek Bulgaria, a daughter company of capital equipment distributor Altus Group, managed to end its final quarter of the year on a high with a number of new orders from manufacturers in the Balkan region.
Neways to adjust parts of its organisation – jobs lost
In the Netherlands, the EMS provider says it will adapt the structure of two operating companies to better position the organisation for future growth – something that will result in the loss of jobs.
Swedish design house expands in Canada creating new jobs
Swedish-headquartered design house, Syntronic, is kick-starting a massive North American expansion in Canada in a response to the high demand from customers, mainly driven by the ICT industry.
US manufacturer expands with new facility in Idaho
US electronics manufacturer, Schweitzer Engineering Laboratories, says that it is planning to build a 140'000 square-foot facility on a piece of land it recently purchased southwest of Moscow, Idaho.
Northvolt and CAKE form an electric partnership
The Swedish manufacturer of lightweight electric performance motorcycles, has signed a letter of intent with the Swedish Swedish battery developer and manufacturer, Northvolt, to form a long-term partnership for the supply of sustainable battery cells for their line-up of electric motorcycles.
Load more news
