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Smiths Medical to be sold to ICU Medical; voids deal with TA Transaction
September 27, 2021
Smiths Group plc has agreed the sale of Smiths Medical to ICU Medical, Inc. on terms that are superior to the previously announced transaction entered into with TA Associates on 2 August 2021.
GM Invests $300 Million in self-driving technology company
September 24, 2021
General Motors says it will invest USD 300 million in autonomous driving technology company, Momenta, to accelerate the development of next-generation self-driving technologies for future GM vehicles in China.
Excelitas Technologies opens new plant in Germany
September 23, 2021
The industrial technology manufacturer has opened a new plant for its German subsidiary, Qioptiq Photonics GmbH & Co. KG, in Göttingen, Germany. The new facility expands the company’s capacity for assembly of highly sophisticated optomechanical systems and components for the semiconductor industry.
Brooks to sell its Semiconductor Solutions Group business
September 20, 2021
Brooks Automation has entered into a definitive agreement to sell its Semiconductor Solutions Group business to Thomas H. Lee Partners, L.P. for USD 3.0 billion in cash.
Dutch startup Axelera AI launches with USD 12M Seed Round
September 16, 2021
AI semiconductor startup Axelera AI has successfully closed a seed investment round of USD 12 million. The round was led by emerging technologies leader Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand.
GaN Systems signs agreement with BMW Group
September 14, 2021
GaN Systems has signed a capacity agreement with BMW Group. Under the terms of the agreement, GaN Systems is to provide capacity for multiple applications in series production.
Darekon acquires Swedish EMS manufacturer IHAAB
September 10, 2021
Darekon has acquired the entire share capital of Swedish firm IHAAB Component Systems AB in Stockholm, following an agreement signed on September 06, 2021. The company’s subsidiaries SMD Production AB and Kelab Systems AB are included in the transaction.
Ford India will cease manufacturing vehicles in India
September 10, 2021
Ford India will cease manufacturing vehicles for sale in India immediately; manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engine and vehicle assembly plants by Q2 2022.
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SMIC adds USD 8.9 billion investment in Shanghai
September 03, 2021
SMIC plans to invest USD 8.87 billion a new facility in Shanghai (China). To that end, the chip manufacturer and Lin-Gang FTZ Administration intend to establish a joint venture company based in the Shanghai Pilot Free Trade Zone Lin-Gang Special Area.
Xiaomi heads - officially - into e-Car business
September 03, 2021
Xiaomi EV Company Limited. has completed the business registration with a registered capital of RMB 10 billion.
XJ Capital invests in SCHMID Technology Guangdong
September 01, 2021
XJ Capital has made a minority investment in SCHMID Technology Guangdong Co., Ltd., a manufacturer of printed circuit board and photovoltaics production equipment in China.
Dialog now officially part of Renesas
September 01, 2021
Renesas Electronics Corporation and Dialog Semiconductor Plc announced the successful completion of Renesas’ acquisition of the entire issued and to be issued share capital of Dialog.
SK Siltron establishing new facility in USA
August 27, 2021
Semiconductor wafer manufacturer SK Siltron plans ton establish a new facility in Monitor Township to support electric vehicle growth, creating up to 150 jobs, investing USD 302 million.
SunMirror to acquire Latitude 66 Cobalt Oy
August 27, 2021
SunMirror AG, a exploration company specialising in mineral resources such as gold, lithium, cobalt and other metals and minerals, has announced that it has, via its wholly owned subsidiary, SunMirror Luxembourg S.A. ("SM S.A."), agreed to acquire Finnish cobalt company Latitude 66 Cobalt Oy.
Volex acquires Irvine Electronics, Inc.
August 26, 2021
Volex has signed a share purchase agreement for the acquisition of the entire issued share capital of Irvine Electronics, Inc. for a total consideration of USD 16.4 million.
Neways with 3% turnover decline
August 25, 2021
Neways Electronics International N.V.reports on a decline in net turnover of 3.8% to EUR 233.8 million, due in part to the disruptions in the supply chain.
CMA has acquired Cablecraft Motion Controls
August 25, 2021
Cable Manufacturing & Assembly has completed the purchase of Cablecraft Motion Controls. Cable Manufacturing & Assembly has completed the purchase of Cablecraft Motion Controls, based in New Haven, IN.
Global PCB Top100: Bigger gets bigger and faster
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August 24, 2021
Compared with last year's list, the number of companies in each region is 56 in China (+4), 25 in Taiwan (-2), 21 in Japan (+3), 14 in South Korea (+2), 4 in the United States (same), 5 in Europe (same), and 3 in Southeast Asia (-1).
