News from Evertiq

Volvo Trucks' is planning to open a new – first – battery assembly plant in Belgium. Once up and running the plant will supply tailor-made batteries for the company's heavy-duty electric trucks.

Cincinnati, Ohio-based GE Aviation, a manufacturer of propulsion systems for commercial and military aircrafts, has purchased a Pulsar solderability system from Hentec Industries/RPS Automation.

Nanoelectronics research and innovation center, imec, says that it has managed to pool together stakeholders from the semiconductor value chain – from companies such as Apple and Microsoft, to suppliers, including ASM, Kurita, SCREEN and Tokyo Electron – to participate in its Sustainable Semiconductor Technologies and Systems (SSTS) research program.

The European chip designer has exceeded 100 employees across its six sites in France (Maisons-Laffitte, Grenoble, Massy, Sophia Antipolis), Germany (Duisburg) and Spain (Barcelona).

The Hi-Fi company, which has been operating since 1946, has reportedly filed for bankruptcy at Osaka District Court on Friday, with total liabilities of around JPY 3.1 billion (USD 24 million).

Renesas plans to conduct a JPY 90 billion (EUR 664 million) investment in its Kofu factory, located in Kai City, Yamanashi Prefecture, Japan. The company closed the factory back in October 2014, but now intends to reopen the fab in 2024 as a 300mm wafer fab.

US-based global materials supplier Indium Corporation, will invest MYR 250 million (USD 57 million) in an expansion that will result in a new manufacturing facility in Penang, Malaysia.

DuPont Interconnect Solutions, a business within the Electronics & Industrial segment, has completed a USD 250 million capital project to expand production of Kapton polyimide film and Pyralux flexible circuit materials at the Circleville manufacturing site.

Arrow Electronics announces that Jörg Strughold will take over as president of its components business in EMEA. He succeeds Martin Bielesch who has decided to leave the company.

EUR 14 billion in state support is the German governments new strategy to attract more chipmakers to the country.

Nowadays it is hard to find someone who hasn’t heard about Artificial Intelligence. The term is still thrown around in various contexts as a universal remedy, meant to instantaneously and effortlessly solve complex problems in which the classical algorithms fail miserably. But is that really the case?

Northvolt's and Hydro's battery recycling joint venture, Hydrovolt, has officially started commercial recycling operations in Fredrikstad, southern Norway.

Back in April 2022, Toshiba Corporation announced that it had resolved to solicit proposals on strategic alternatives from potential investors and sponsors. The Japanese company is seeking to enhance its corporate value and has since the announcement been holding discussions with the potential partners.

Japanese TDK Corporation says that it will construct a new production building on the premises of the Kitakami Factory – located in Kitakami city, Iwate prefecture, Japan – in order to to enhance the company's MLCC production.

In order to better serve its customers’ local and global needs, Avnet is expanding in two locations in Germany. Avnet Embedded broke ground on a new manufacturing site in Eschbach and Avnet EMEA plans to build its third European logistics centre in Bernburg.

According to TrendForce data, total sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units, an annual growth rate of 80%.

The Supervisory Board of Neways Electronics has appointed Loi Ieng (Fiona) Lam as the company's new CFO and member of the Executive Board. She will succeed Paul de Koning, who after seven years as Neways’ CFO, will step down on the first of August 2022.

Viettel Group and Qualcomm Technologies plans to collaborate and develop a next-generation 5G Radio Unit (RU) with massive MIMO capabilities and distributed units (DUs). This focuses on helping to expedite the development and roll-out of 5G network infrastructure and services in Vietnam and globally.

The PCB supplier continues to grow and is launching new offices in Lyon (France) that are dedicated to host the IDELEC-ICAPE and ICAPE Group structures.

German EMS provider KATEK, started the fiscal year of 2022 with the strongest quarter in its corporate history.