ABB to sell remaining stake in Hitachi Energy to Hitachi
ABB says it will divest its remaining 19.9% stake in its Hitachi Energy JV to none other than Hitach.
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Ferroamp inks production agreement with Kitron
EMS provider Kitron has entered into a production agreement with Swedish greentech company Ferroamp. The value of the agreement is expected to reach NOK 90 million (EUR 8.5 million) in 2023 and NOK 350 million (EUR 33.4 million) over a three-year period.
Gaming monitor shipments to drop to 10% drop YoY
According to the latest TrendForce research, shipments of gaming monitors are in decline for the first time since the product category was launched to market, with 2022 estimates lowered to 20.5 million units, a 10% drop YoY.
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ILFA expands its PCB lamination capacities
PCB manufacturer ILFA and LAUFFER have entered into close cooperation, sealed with a joint letter of intent. In a new investment project, ILFA is taking aim at expanding its lamination capacities at its Hanover site.
Henkel acquires Thermexit business from Nanoramic
Henkel has completed the acquisition of the Thermal Management Materials business of Nanoramic Laboratories (Nanoramic) headquartered in Boston, Massachusetts, USA, marketed under the brand Thermexit.
Automotive IC marketshare seen rising to 10% by 2026.
IC Insights reports that the automotive IC marketshare has steadily increased since 1998 growing from 4.7% of total IC sales that year to 7.4% in 2021. Marketshare gains are forecast to continue for the auto segment, with an 8.5% share expected this year and 9.9% share by the year 2026.
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Saab expands with new manufacturing facility in India
The Swedish defense company says it will set up a manufacturing facility for the shoulder-launched weapon system Carl-Gustaf in India
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Mycronic receives order for a Prexision 8 Entry Evo
Mycronic says it has received an order for a Prexision 8 Entry Evo from an unnamed existing customer in Asia.
Global fab equipment spending to reach all-time high in 2022
SEMI says that global fab equipment spending for front-end facilities is expected to increase approximately 9% year-over-year (YoY) to a new all-time high of USD 99 billion in 2022.
Is the semiconductor shortage over?
Although there are still sporadic shortages of specific components, the curtain has officially fallen on a two-year wave of shortages in general, and brands have gradually suspended stocking in response to changes in market conditions.
Swedish cable company expands with Romanian factory
Contac Solutions has founded a new subsidiary in Arad, Romania, Contac Solutions EU Srl. The new production site the company boast production in Sweden, China, and now in southern Europe.
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Hexatronic acquires the data center specialist
Swedish Hexatronic Group has signed an agreement to acquire 90% of the shares in UK-based Impact Data Solutions Limited (IDS Group).
Kontron AIS takes over LUCOM
As of September first, 2022, Kontron AIS GmbH has taken over LUCOM GmbH and thus strengthen its portfolio as an IIoT solution provider for industrial software and industrial automation.
Toyota ends production in Russia
Toyota says that it has decided to end vehicle production at its Saint Petersburg plant in Russia.
Intel's close to making final selection for new Italian site
The Italian government and Intel have reportedly selected the town of Vigasio in the northeastern Veneto region as their preferred site for the company’s future chip factory in Italy.
PowerCo & Umicore establish JV for battery materials production
PowerCo, the new battery company of the Volkswagen Group, and Umicore, are joining forces in a joint venture for precursor and cathode material production in Europe.
Habia Cable opens its brand new Polish production facility
Habia Cable has officially inaugurated its new, purpose-built, production facility in Poland.
Supplier pricing clash crashes prices to reduce inventory
According to TrendForce research, NAND Flash is currently oversupplied. Buyers started focusing on destocking and greatly reducing purchases in 2H22 while sellers began offering rock-bottom prices to shore up purchase orders, causing wafer pricing to drop by 30-35% in 3Q22.
Cicor to double its production capacity in Vietnam
Cicor Group says it is taking another important step in the implementation of its growth strategy. The EMS provider says it will significantly expand its production capacities at its location in Thuan An City, Vietnam to meet increased demand.
Henkel expands South Dakota facility
Henkel has broken ground on a 35,000 square-foot expansion of its production facility in Brandon, South Dakota. The expanded facility will add new manufacturing muscles and allow Henkel to increase production of thermal interface materials used to manufacture electronics and electric vehicles.
Mouser adds 35+ new manufacturer brands to its line card
Mouser Electronics continues to expand its line card by adding 36 new manufacturers through the end of August 2022.
Ferroamp to increase production with the help of NOTE
During the first half of 2022, Swedish greentech company Ferroamp increased its sales by 60% and is now in a rapid growth phase. The production of the company's EnergyHub systems has increased by 500% in the last year, and Ferroamp now plans to further quadruple the capacity – a plan where EMS provider NOTE plays an important part.
Terma to acquire part of Atos' space business
Terma will acquire the Atos satellite ground testing business, covering Electrical Ground Support Equipment (EGSE) for satellites. The transaction will expand Terma’s position on the European Space market.
Bosch relies on new Omro 3D x-ray inspection system
Robert Bosch GmbH is relying on inspection technology from Omron as it looks to increase and strengthen quality.
Intelligent Memory expands its reach in Europe
The manufacturer of industrial-grade memory product solutions, has won three new strategic distribution partners in Europe – covering the Benelux region, Poland and the UK.
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