Microsoft invests in AI Chip company
August 11, 2020Syntiant, a deep learning tech company providing AI voice and sensor solutions, has completed a USD 35 million Series C funding round.
Scanfil shows stable development during the pandemic
August 07, 2020The global pandemic affected Scanfil’s operations in many ways during the first half of the year. However, the company had prepared a plan and guidelines to ensure production and other operations across the organisation.
Partnertec acquires stencil manufacturer ASM Benelux
August 03, 2020Capital equipment supplier, Partnertec, has acquired the stencil manufacturing operations of ASM Assembly Systems Benelux on 1 August 2020.
Meyer Burger secures the locations for the production
August 03, 2020Following the successful capital increase, Meyer Burger is working flat out to implement the new business model as a provider of technologically leading solar cells Made in Europe.
Battery manufacturer raises $1.6 billion in debt financing
July 29, 2020Swedish battery manufacturer, Northvolt, has signed a USD 1.6 billion debt raise provided by a consortium of commercial banks, pension funds and public financial institutions, increasing the total amount of capital raised to date to over USD 3 billion.
Sierra Wireless to divest automotive embedded module product line
July 24, 2020The company has announced a definitive agreement to divest its Shenzhen, China-based automotive embedded module product line for USD 165 million in cash.
Absolute EMS starts production on new Hanwha lines
July 22, 2020California-based Absolute EMS in now operating on its new Hanwha Techwin Automation Americas SMT lines
China steps up pace of Mini/Micro LED commercialisation
July 20, 2020By 2024, the global Mini/Micro LED market is projected to reach US$4.2 billion in revenue. The positive outlook of the Mini/Micro LED industry has attracted many investors.
STMicro to strengthen its wireless connectivity capabilities via acquisitions
July 17, 2020STMicroelectronics has signed two M&A agreements related to the acquisitions of the entire share capital of Ultra Wide Band specialist BeSpoon and of the cellular IoT connectivity assets of Riot Micro.
UDC forms new subsidiary to advance OLED TV manufacturing technology
July 16, 2020Universal Display Corporation announces the formation of its wholly-owned subsidiary OVJP Corporation (OVJP Corp). To be headquartered in Silicon Valley, California, OVJP Corp was established to advance the commercialisation of Universal Display’s (UDC) novel, mask-less, solvent-less, OLED printing manufacturing platform.
The sale of Scanfil’s Hangzhou unit is completed
July 15, 2020On 29 June 2020, Scanfil announced that it would sell the entire share capital of its subsidiary Scanfil (Hangzhou) Co., Ltd. located in Hangzhou, China.
Meyer Burger to set up solar production in Germany’s solar valley
July 14, 2020Meyer Burger wants to establish its own production of solar cells and solar modules in Saxony-Anhalt and Saxony.
Rivian adds additional funding in investment round
July 13, 2020The electrics car manufacturer says it has closed an investment round of USD 2.5 billion. The financing was led by funds and accounts advised by T. Rowe Price Associates, Inc.
ACM Research starts construction of new facility in Shanghai
July 10, 2020ACM Research, a supplier of wafer cleaning technologies for semiconductor devices, says that its operating subsidiary ACM Research (Shanghai), has begun construction of its new development and production facility in the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone.
Heidenhain opens new expanded Western US HQ
July 10, 2020This includes the expansion of its executive, sales and technical support offices, as well as demo facilities in San Jose, California.
Scanfil to sell its plant in Hangzhou, China
June 30, 2020The board of directors of the Finnish EMS prover has decided to sell the entire share capital of its subsidiary located in Hangzhou, China, for a total of EUR 18.4 million to Hangzhou Cabinet Technology Co., Ltd.
Globalfoundries acquires Land in U.S.
June 23, 2020Globalfoundries has secured a purchase option agreement for approximately 66 acres of undeveloped land adjacent to its most advanced manufacturing facility, Fab 8, in Malta, N.Y., near the Luther Forest Technology Campus (LFTC).
MicroCare finds a new owner
June 11, 2020MicroCare announces that Capital Partners, located in Norwalk, Connecticut, has completed a control investment in MicroCare, in partnership with the company’s co-founder and senior management.
Panel manufacturer revenues may stabilise in 2Q20Load more news
June 09, 2020As panel demand begins to rebound in 2Q20, panel quotes are expected to stabilise as a result. Therefore, panel makers are projected to see improved revenues in spite of the limited magnitude of cost reduction for upstream panel components in 2Q20.