Tarak Mehta to leave ABB
March 28, 2024
ABB says that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company.
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Arrow Electronics presents an accelerated path to market for technology megatrends at embedded world
During embedded world 2024, Arrow Electronics will highlight how its connections with leading suppliers and engineering providers combine with insightful customer services to accelerate imaginative new products to market. Diverse demonstrations and displays will highlight Arrow’s role in today’s dominant megatrends: electrification of everything, smart everything, energy management, autonomous machines and AI.
A new phase for electric vehicles – survival of the fittest
March 21, 2024
In 2024, automakers will continue to wrestle with shifts caused by software and electrification’s increasing roles creating a new phase for electric vehicles (EVs), says to Gartner.
Stellantis reveals €5.6bn investment plan for LATAM
March 08, 2024
Automative giant Stellantis is to plough a record sum into the design and manufacture of EVs across the Latin American region.
Novo energy start building Sweden’s second, and Gothenburg’s first gigafactory
March 07, 2024
Novo Energy, the joint venture between Northvolt and Volvo Cars, has officially started the construction of its battery factory in Torslanda, Gothenburg near Volvo Cars' manufacturing plant.
Vishay acquires Nexperia’s Newport Wafer Fab for $177m
March 06, 2024
Vishay Intertechnology has completed the acquisition of Nexperia’s wafer fabrication facility and operations located in Newport, South Wales, UK for approximately USD 177 million.
What is the future for SiC in Europe?
February 29, 2024
To understand the – potential – future, we first must look at the present and the ongoing movement. Therefore, Evertiq invited Yole Group as a keynote speaker during its inaugural Expo in Sophia Antipolis, France dig deeper into the market, investments and competitive landscape of SiC.
indie Semiconductor posts record annual revenue
February 26, 2024
Automotive specialist indie Semiconductor swerved the generally muted market conditions of 2023 with
annual revenue up 101%.
Stellantis to make electric drive modules in Hungary
February 19, 2024
Car giant Stellantis is set to increase its production capacity of electric drive modules (EDMs) by bringing production to its Szentgotthard, Hungary plant from 2026.
New funds will accelerate ACC battery network buildout
February 14, 2024
ACC says it has closed a EUR 4.4 billion debt raising, increasing the funding for the construction of three gigafactories for lithium-ion battery cell production in France, Germany, and Italy, as well as R&D.
Kitron ends record year with a solid quarter
February 14, 2024
EMS provider Kitron reported record fourth-quarter sales and strong profitability.
indie chooses Avnet for global distribution
February 09, 2024
indie Semiconductor has announced a distribution agreement with Avnet to market and ship its automotive products worldwide.
Taiwanese firms target Czech Republic for chip production
February 02, 2024
Business groups from Taiwan and the Czech Republic have signed a memorandum of understanding (MOU) to explore semiconductor manufacturing in the region.
Wolfspeed expands SiC wafer supply deal with global semiconductor company
January 31, 2024
Wolfspeed has expanded an existing long-term silicon carbide wafer supply agreement with an unnamed global semiconductor company. The expanded supply agreement is now worth approximately USD 275 million.
Arrow expands centre of excellence in Egypt
January 30, 2024
Arrow Electronics is expanding its Automotive Centre of Excellence (CoE) in Egypt to assist customers in the development of next-gen automotive products.
Vitesco to start operations at €188 million Czech plant
January 30, 2024
The manufacturer of drive technologies and electrification solutions is set to start operations at its 38,000 square metre new manufacturing and automated logistics centre in Ostrava-Hrušov by year's end.
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Five companies control the SiC power market - Evertiq expo Sophia Antipolis 2024
The global power SiC device market is forcasted to grow to about USD 9 billion by 2028, a 31% increase over 2022, according to the 2023 edition of Yole Intelligence's Power SiC Report. While automotive applications dominate the SiC market, other applications such industrial, energy, and rail are adding to its growth momentum.
BYD reveals $14 billion growth plan
January 19, 2024
Chinese automotive company BYD says it will invest USD 14 billion over an undisclosed timeline to consolidate its lead in the electric motoring space.
Five companies control the SiC power market
January 09, 2024
The global power SiC device market is forcasted to grow to about USD 9 billion by 2028, a 31% increase over 2022, according to the 2023 edition of Yole Intelligence's Power SiC Report. While automotive applications dominate the SiC market, other applications such industrial, energy, and rail are adding to its growth momentum.
EU Commission approves German State aid for Northvolt
January 09, 2024
The European Commission has approved a EUR 902 million German measure to support Northvolt in the construction its battery production plant in the city of Heide, Germany.
Onsemi reveals silicon-carbide modules for fast EV charging
January 08, 2024
Onsemi is doing its bit for impatient EV drivers – its new EliteSiC Power Integrated Modules (PIMs) promise to charge EV batteries up to 80% in just 15 minutes.
Global semiconductor capacity to reach new highs in 2024
January 03, 2024
Global semiconductor capacity is expected to increase 6.4% in 2024 to top the 30 million wafers per month (wpm) mark for the first time after rising 5.5% to 29.6 wpm in 2023, SEMI reports.
China projected to export 1.2 Million NEVs in 2023
January 02, 2024
TrendForce reports that the global sales volume of NEVs (including BEVs, PHEVs, and FCVs) is estimated to reach approximately 12.8 million units in 2023. Regional market sales shares are expected to be 60% in China, 22% in Western Europe, 11% in the United States, and 6% in other regions, with China’s market demand distinctly in the lead.
NXP and Foxconn team up to launch e-vehicle R&D lab
December 15, 2023
NXP Semiconductors and Hon Hai Technology Group (Foxconn) are jointly investing in a new research facility in Taoyuan County’s Nankan District.
ZF reaches milestone: three million electric motors produced
December 14, 2023
ZF says it has produced more than three million electric motors, which are used worldwide in electric vehicles. The company covers a spectrum of vehicle electrification, from purely electrically powered passenger cars and plug-in hybrids to electric drives for commercial vehicles.
Kitron sets the bar for 2027, targets €1 billion in revenues
December 13, 2023
EMS provider Kitron has updated its financial and commercial targets and ambitions. The company aims to reach EUR 1 billion in revenues in 2027 with an operating margin (EBIT) of 9%.
Arrow sets up high-power centre of excellence in UK
December 13, 2023
Arrow Electronics and its engineering services company, eInfochips, have established a High-Power Centre of Excellence (CoE) in Swindon, UK, to assist customers in the development of high-power solutions, a critical component in advancing electrification.
SiC and its impact on Europe
December 11, 2023
There is no denying that SiC will play a pivotal role in the semiconductor landscape in the future and the power device market specifically.
Rohm and Toshiba team up to boost manufacturing
December 11, 2023
Japanese electronics companies Rohm and Toshiba Electronic Devices & Storage Corporation are teaming up to boost Japan's supply of power devices.
Aixtron starts construction of new innovation centre
November 23, 2023
Aixtron has officially started the construction of a new innovation centre at its headquarters in Herzogenrath, Germany. The company is investing approximately EUR 100 million in 1.000 square metres of clean room with additional space for the required metrology equipment.
ABB secures €500 million EIB loan for electrification R&D
November 22, 2023
ABB and the European Investment Bank (EIB) have signed a EUR 500 million financing agreement to support ABB’s research and development in its Electrification business area.
Northvolt develops sodium-ion battery
November 21, 2023
Swedish battery manufacturer Northvolt says it reached a breakthrough in the development of a sodium-ion battery, something that could minimise the dependence on long supply chains.
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