Börje Ekholm steps down as CEO of Ericsson – Per Narvinger takes over
Ericsson has announced that Börje Ekholm is stepping down as President and CEO, with Per Narvinger appointed as his successor. Narvinger, currently Executive Vice President and Head of Business Area Networks, takes over on October 1, 2026.
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Cicor divests Tunisia facility and launches efficiency programme
Swiss EMS provider Cicor is divesting its Tunisia production facility and launching an integration and productivity programme expected to deliver recurring EBITDA improvements of more than CHF 10 million annually. The programme affects approximately 220 positions, equivalent to 5% of the company's total headcount.
Semiconductor market hits record quarter, driven by memory surge
Semiconductor revenue grew 27% QoQ in Q1 2026 to reach USD 319 billion – the highest quarterly growth Omdia has recorded since it began tracking the market in 2002. It marks the third consecutive quarter of double-digit growth, putting the market on track to surpass USD 700 billion in the first half of 2026.
India’s Ethereal Machines raises $28.5 million in Series B
The fresh funds will be used to expand manufacturing infrastructure, develop India’s first indigenous multi-axis CNC controller, strengthen its software stack, support semiconductor manufacturing initiatives, and accelerate international expansion.
Sungrow, Sunotec commission Enery’s 150 MW BESS in Bulgaria
The Nova Zagora project is part of a broader portfolio of energy storage projects jointly implemented by Sungrow and Sunotec in Bulgaria. Over the next two months, a total of 2.2 GWh of battery storage capacity is scheduled to be brought online.
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Isar secures €270 million to provide sovereign space capabilities
The capital will drive global scaling and ramp up serial production of the Spectrum launch vehicle. Following its first launch pad in Norway, Isar Aerospace now plans to build a new launch site in Canada.
DHL Supply Chain breaks ground on battery hub in Netherlands
The batteries handled at the Holtum site are intended for use in electric vehicles as well as in the rapidly growing segment of BESS, including home storage and solar energy applications.
Cadence unveils fully autonomous virtual engineer for chip design
Built on Cadence’s AI-driven electronic design automation (EDA) portfolio with Nvidia Nemotron models, and secured by Nvidia OpenShell runtime, the new agentic capabilities enable customers to run dynamic simulations in automated workflows.
Quobly secures €115M to advance silicon-based quantum computers
The French company, bringing semiconductor-grade manufacturing and industrialization to quantum computing, plans to deploy its first commercial quantum computer through the cloud by the end of 2026 under its Alloy product line.
US space firm Lunar Outpost secures $30 million in Series B
New capital accelerates production of advanced lunar robotics and mobility systems as the company executes on a multi-year, multi-program mission manifest.
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