Boreo acquires Elfa Distrelec sales activities in Finland and the Baltics
April 09, 2025
Boreo has signed an agreement to acquire the sales activities of Elfa Distrelec in Finland, Latvia, Estonia and Lithuania from RS Group.
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The creation of an EU electronics raw materials database
April 09, 2025
In his previous guest article, Dirk Stans, Managing Partner at Eurocircuits, outlined three key actions needed to strengthen Europe’s electronics industry. Now, in this follow-up, he delves deeper into the second priority: the creation of an EU electronics raw materials database.
GA-ASI teams up with Hanwha to bolster UAS business
April 09, 2025
Hanwha Aerospace plans to invest over USD 203 million in the development and production facilities for GE STOL and UAS engines, expand R&D, and provide infrastructure in both South Korea and with GA-ASI in the US.
GPG inaugurates hybrid solar and BESS project in Western Australia
April 08, 2025
This system is designed to provide 4 hours of constant supply at peak demand every day. It is estimated its commissioning will generate energy equivalent to the annual consumption of 51,000 homes.
Mobileye selects Valens’ chipsets for hi-tech driving projects
April 07, 2025
Mobileye selected the VA7000 for this application following extensive testing of the chipset, where the Valens chip was found superior across a variety of parameters, with significant performance benefits.
Cicor expands into Spain – acquires MADES
April 07, 2025
Swiss EMS provider Cicor Group has signed an agreement to acquire 100% of the shares of Spanish electronics company Malaga Aerospace, Defense & Electronics Systems S.A.U. (MADES).
Hitachi Rail wins $370 million contract to build battery trains in UK
April 04, 2025
The nine state-of-the-art battery hybrid trains will replace Arriva Group’s entire Grand Central fleet and be manufactured at Hitachi’s Newton Aycliffe factory, saving hundreds of jobs.
Foxconn names Kathy Yang as rotating CEO, first woman to hold the role
April 03, 2025
EMS provider Foxconn (Hon Hai Technology Group) has appointed Kathy Yang Chiu-chin as its rotating Chief Executive Officer, marking a significant leadership transition.
Waystream relocates production back home to Sweden
April 03, 2025
Swedish telecom company Waystream has appointed EMS provider Note as its exclusive production partner, shifting all manufacturing operations to Sweden.
COGD calls for stronger risk analysis and proactive obsolescence management
April 02, 2025
The newly re-elected board of the Component Obsolescence Group Deutschland (COGD) is urging German industrial companies to enhance risk analysis and adopt proactive obsolescence management strategies amid growing supply chain challenges.
Retain public funds within the EU economy
April 01, 2025
In his previous guest article, Dirk Stans, Managing Partner at Eurocircuits, outlined three key actions needed to strengthen Europe’s electronics industry. Now, in this follow-up, he delves deeper into the first priority: ensuring that public funds remain within the EU economy
OpenAI raises record $40 billion in SoftBank-led round
April 01, 2025
SoftBank said it would fund OpenAI with USD 10 billion in mid-April and another USD 30 billion in December, subject to the AI firm transitioning to for-profit by the end of the year.
Håkan Samuelsson takes the wheel as Volvo Cars CEO
April 01, 2025
The Board of Directors of Volvo Cars has appointed Håkan Samuelsson as CEO and President, marking his return to the company’s top position. He takes over from Jim Rowan, who has served as CEO since 2022
J. Lindsley Ruth named CEO of Infinite Electronics
March 31, 2025
He succeeds Penny Cotner, who has decided to step down as CEO after 12 years with the company. Ruth is an accomplished and seasoned CEO, with deep experience in both electronics and distribution.
Global OSAT market to touch $94 billion by 2031
March 28, 2025
Increasing circuit complexity spurs OSAT market growth, as integrating various functionalities into a single device demands specialized assembly and test capabilities.
Breaking down the Nordic EMS market – a top 10 list
March 27, 2025
The Nordic EMS industry is thriving, with over 74 companies in Sweden, 39 in Finland, 28 in Denmark, and 17 in Norway competing for market share. As the industry experiences continued growth, fuelled by continuous innovation and a changing technology landscape, the top players are cementing their dominance.
Kenya releases its brand-new AI strategy 2025-2030
March 27, 2025
Kenya aims to position itself as Africa’s leading AI power with its new initiative, AI Strategy 2025-2030.
Alibaba forms AI technology partnership with BMW
March 27, 2025
The Chinese-German partnership aims to develop AI technology to support the development of the next generation of vehicles in China.
Sivers teams up with WIN to enhance DFB laser production
March 26, 2025
Taiwan’s WIN Semiconductors will serve as an outsourced manufacturing partner for Sivers Semiconductors, enabling the company to scale production and meet the demand for its photonic solutions.
Microchip Technology taps Macquarie to sell Tempe wafer fab
March 24, 2025
Microchip Technology has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility (Fab 2) located in Tempe, Arizona.
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Stellantis invests $41M in Italy plant to make EV engine parts
March 21, 2025
The facility in Verrone will manufacture steel components for electric drive modules Stellantis currently makes in other European plants, with production expected to start at the end of 2027.
Nvidia to build quantum computing research centre in Boston
March 21, 2025
The Nvidia Accelerated Quantum Research Center, or NVAQC, will integrate leading quantum hardware with AI supercomputers, enabling what is known as accelerated quantum supercomputing.
SK On, Nissan ink 100GWh US EV battery supply pact
March 21, 2025
South Korea’s SK On will supply high-nickel batteries to Nissan from 2028 to 2033, involving a total investment of USD 661 million. This production will support 1,700 US jobs at SK On.
€800M battery material plant to be built in Finland
March 20, 2025
Finnish Minerals Group and Beijing Easpring Material Technology have decided to start construction on a cathode active material (CAM) plant Kotka, Finland.
The electronics market in Europe – what needs to happen?
March 20, 2025
The EU Chips Act was introduced in several phases to the wider public from 2021 onwards and, following approval by the European Parliament and the Council, the regulation came into force on 21 September 2023.
Continental chooses Frankfurt for new automotive HQ
March 20, 2025
Continental’s Automotive group sector has decided to establish the headquarters of the planned independent company in Frankfurt am Main.
SoftBank to acquire US chip designer Ampere in $6.5B deal
March 20, 2025
Carlyle Group and Oracle will sell their stakes in Ampere, which will operate as a wholly owned subsidiary of Japanese conglomerate SoftBank and keep its headquarters in Santa Clara, California.
Sesa acquires majority stake of InnoFour
March 19, 2025
Florence-based Sesa Group, a provider of technological solutions, consulting, and business applications for enterprises and organisations, has acquired a 60% stake in InnoFour B.V. through its subsidiary, Var Group S.p.A.
Blue Ocean Robotics has a new majority owner
March 19, 2025
Danish Blue Ocean Robotics has secured a new majority owner with an investment from 3C GROUPS, owned by businessman Niels Thorborg. The injection of new capital provides the robotics company with a stronger financial foundation for continued development and commercialisation of its solutions.
Siemens to cut 6,000 jobs in automation, EV charging
March 19, 2025
Siemens’s automation business will see around 5,600 job cuts, with Germany accounting for half of those losses. The job cuts in the EV charging business represent 35% of the unit’s workforce.
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