Worlds biggest EMS provider to build tractors
Hon Hai Technology Group – otherwise known as Foxconn – has signed a contract manufacturing agreement (CMA) with Zimeno Inc. DBA Monarch Tractor to build next-gen agricultural equipment and battery packs at the Foxconn Ohio facility.
Global 2Q22 DRAM revenue grows by 6.5% QoQ, According to TrendForce investigations, 2Q22 DRAM industry revenue reached USD 25.59 billion, growing 6.5% QoQ.
onsemi opens expanded SiC facility in New Hampshire The newly inaugurated site will increase the company’s SiC boule production capacity by five times year-over-year and almost quadruple the number of its employees in Hudson, New Hampshire by the end of 2022.
China says US CHIPS Act is a threat to trade China has criticised the new US law aimed at encouraging domestic chip production and ultimately reducing reliance on Asian production – something that China sees as a threat to trade and also an attack on Chinese business.
RS to acquire Risoul for $275 million RS Group announces that it has entered into an agreement to acquire Risoul y Cia, S.A. de C.V. (Risoul), a family-owned distributor of industrial and automation product and service solutions in Mexico, for a cash consideration of USD 275 million.
Intel said to be close to $5 billion Italian deal Intel is reportedly closing in on completing a deal to build a semiconductor packaging and assembly plant in Italy – a deal worth an initial USD 5 billion.
MicroFab acquired by Naprotek Naprotek, a provider quick-turn electronics manufacturing, has completed the acquisition of MicroFab, a privately held company in Manchester, New Hampshire.
ABB to acquire Siemens low voltage NEMA motor business ABB has signed an agreement to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, the acquisition will provide ABB with a well-regarded product portfolio, a longstanding North American customer base, and experienced operations, sales, and management team.
Consumer DRAM price decline expands to 13~18% According to TrendForce investigations into the DRAM market, under pressure from ever-increasing output, Korean manufacturers have significantly increased their willingness to compromise on pricing in order to stimulate buying from distributors and customers, leading to a steady expansion of falling prices.
Micron to invest $40 Billion in US memory manufacturing As a direct response to the signing of the CHIPS Act, Micron has announced the largest ever investment in US memory manufacturing – estimated to create 40,000 US jobs.
Biden signs CHIPS bill to bolster semiconductor production US President Biden has now signed into law the bipartisan CHIPS and Science Act of 2022 – which aims to stimulate investments that will strengthen US manufacturing, supply chains, and national security.
Telit acquires Thales’ cellular IoT products IoT specialist Telit, and Thales have entered into an agreement under which Telit intends to acquire Thales’ cellular IoT products.
Qualcomm deepens its ties with GlobalFoundries GlobalFoundries and Qualcomm say they are more than doubling their existing long-term semiconductor manufacturing agreement.
Micro LED chips market poised to grow at staggering rate In 2026, the revenue of Micro LED transparent AR smart glasses chips is forecast at approximately USD 38.3 million, with an annual compound growth rate of Micro LED chips from 2023 to 2026 at approximately 704%.
Plexus opens new manufacturing plant in Thailand EMS provider Plexus has opened its new, USD 60 million, manufacturing facility in Bangkok, Thailand.
Sakuu opens new battery printing and engineering facility Sakuu, a developer of 3D printed solid-state battery, has opened an engineering hub for its battery platform printing initiatives in Silicon Valley.
Nordson to acquire CyberOptics – expanding its platform Nordson Corporation has signed a definitive agreement for the acquisition of CyberOptics Corporation. The acquisition will expand the company's test and inspection platform and enhance Nordson’s product offering.
IMI reports continued growth despite macroeconomic issues Integrated Micro-Electronics, Inc. (IMI) posts USD 357 million of revenues in the second quarter of 2022, a sequential 7% growth compared to the first quarter of 2022 and 12% better than the same period last year.
Wistron plans expansion in Mexico In a filling with the Taiwanese stock exchange the company states that it plans to start a construction project on land already owned by the company.
Three companies to own 74.5% of base station market in 2022 TrendForce estimates that Huawei, Ericsson, and Nokia will account for 74.5% of the global base station market in 2022.
Data Device Corporation invests in lead tinning system Hentec Industries/RPS Automation announces that Data Device Corporation has finalised the purchase of a Hentec/RPS Odyssey 1325 robotic hot solder dip component lead tinning machine.
Variosystems has more plans for its Mexican plant While Variosystems has been working to establish a strong supply chain in the US for the last twenty years, it has also recently expanded to Juarez, Mexico as a way to support the increasing demand for onshoring.
Indium partners with SAFI-Tech on solder product development Indium Corporation and SAFI-Tech will evaluate market applications for supercooled solder materials and explore the development of new products.
Nikola agrees to acquire Romeo Power Nikola Corporation and Romeo Power have entered into a definitive agreement in which Nikola will acquire Romeo in an all-stock transaction.
KMC Controls invests in a new selective soldering machine KMC Controls from New Paris, Indiana, a company specialised in the building automation and controls industry, has invested in its production process.
June swoon – IC sales turn negative A never-before-seen decline in June IC market driven by steep drop in memory pricing, says IC Insights.
Bittele upgrades its Markham facility Bittele Electronics, a manufacturer specialising in prototype and small-to-mid volume PCB assembly, is expanding its Markham, Ontario, PCB assembly facility.
TrendForce: Intel orders delayed, TSMC slows 3nm expansion According to TrendForce research, Intel plans to outsource the tGPU chipset in Meteor Lake to TSMC for manufacture. Mass production of this product was initially planned for 2H22 but was later postponed to 1H23 due to product design and process verification issues.Load more news