Mitsubishi Electric to wholly acquire Poland-based Medcom
Medcom designs, manufactures, sells and maintains electrical equipment for railcars and electric urban transportation, including auxiliary power supply systems, propulsion control systems and industrial power electronics equipment. Its primary business is in Europe.
Ad
LG Electronics opens new smart factory in Brazil
Representing an investment of USD 310 million, the factory is LG’s second home appliance production base in Brazil. The new facility spans 770,000 square meters and has an annual production capacity of approximately 600,000 refrigerators.
SK hynix invests $38 billion in chip plants in South Korea
SK hynix’s board has approved about 54.3 trillion won ($38 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.
US firm ChipAgents expands Series A funding to $134 million
The funding will support ChipAgents' next phase of expansion as the company scales customer deployments, grows its engineering and go-to-market teams, and accelerates development of its AI-native semiconductor design platform.
Waaree secures $17 million order for medium voltage skids
The 8.3 MVA MV skid is a plug-and-play, containerised solution developed by Waaree Transpower specifically for BESS applications. The complete solution is integrated within a 20-foot container, enabling efficient transportation, installation and deployment.
Indian electric mobility startup Yulu secures $93 million
The proceeds will be deployed to quadruple Yulu’s active fleet, expand service hubs and deepen strategic enterprise partnerships. The Bengaluru‑based startup also plans to launch an electric scooter targeting e-commerce logistics, bike taxis and parcel delivery.
NXP breaks ground on assembly and test factory in Malaysia
Adding approximately 500,000 square feet of production space, the facility will expand NXP’s current operations in Malaysia, which are dedicated to supporting the assembly and testing of NXP’s broad product portfolio.
UK air defence firm Cambridge Aerospace raises $300 million
The round will support Cambridge Aerospace’s continued exponential growth as the company expands manufacturing capabilities to deliver on existing and new contracts, while continuing to invest in the spiral development of existing products and bringing the next generation of capabilities to market.
US startup Ravee Optics secures $6 million in seed round
The company’s initial focus is addressing the limitations of current satellite communication technology by building optical communication systems designed for scale. Its hardware is smaller, lighter, and easier to produce in large volumes.
Air taxi firm Joby acquires Resonant Sciences for $500 million
By bringing together the companies’ complementary aerospace engineering capabilities, the combination will create a scaled defense growth platform that accelerates autonomy and expands the applications for Joby Aviation’s technology.
Load more news
