News from Evertiq

The stay-at-home economy generated by the COVID-19 pandemic has resulted in persistent demand for IT products such as monitors, says TrendForce.

The RAFI Group, a specialist of human–machine interaction and EMS, increases their presence on the Nordic market in 2021. Stefan Steiner has been named the RAFI sales manager for the Nordic operations located in Stockholm.

LG Electronics and Magna International are forming a joint venture to manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems to support the growing global shift toward vehicle electrification.

US-based full-service manufacturer Intervala, LLC, has signed a long-term lease finalising the relocation of its corporate headquarters and Pennsylvania manufacturing operation to the Westmoreland Innovation Center in neighboring Westmoreland County.

One of the fastest growing markets in the semiconductor industry is that of non-volatile memory (NVM). Among the main drivers for this enormous growth in data generation are vast movements towards cloud storage, the Internet of Things (IoT), and autonomous driving.

UK designer and manufacturer of antennas, filters and mmWave products, Filtronic plc, has won a significant contract from a new major UK defence customer for the supply of battlefield radio communications hardware valued at over GBP 1 million.

Indian EMS provider Dixon Technologies, announces that its subsidiary, Padget Electronics, has signed agreement with Motorola for manufacturing of smart phones.

Electronic component distribution and supply chain service provider, A2 Global Electronics, announces the opening of its new distribution facility located in the New Tech Park area of Singapore.

Sensata, an industrial technology company that develops sensors and sensor-based solutions, has acquired 75% of Lithium Balance based in Denmark.

In a WARN notice, the company says that due to changing business needs will require the company to permanently close its facility Milpitas, California.

Intel has outsourced the production of about 15-20% of its non-CPU chips, with most of the wafer starts for these products assigned to TSMC and UMC, according to TrendForce’s latest investigations.

Intelliconnect (Europe) Ltd the UK based specialist manufacturer of RF, waterproof and cryogenic connectors and cable assemblies, announces that it has moved to a larger facility at the Corby Innovation Hub following sales growth of 30% in 2020.

Intel has appointed 40-year technology industry veteran Pat Gelsinger as its new chief executive officer, effective February 15, 2021. He will succeed Bob Swan, who will remain CEO until Pat starts.

Latvian EMS provider HansaMatrix says it will soon will start operations at its second plant in Ventspils in western Latvia situated right by the Baltic Sea.

Qualcomm says it has entered into a definitive agreement to acquire NUVIA for approximately USD 1.4 billion before working capital and other adjustments.

Advanced Energy, a provider of precision power conversion, measurement, and control solutions, has completed the acquisition of Versatile Power, a Campbell, California-based provider of radio frequency (RF) and programmable power supplies for medical and industrial applications.

FPGA and embedded FPGA specialist, Achronix Semiconductor, has entered into a business combination agreement with special-purpose acquisition company ACE Convergence Acquisition Corp., which result in a combined entity which will continue as a publicly listed company.

Highly efficient ac/dc power supplies are key to the evolution of the telecom and datacom infrastructure, as power consumption grows rapidly due to hyperscale data centers, enterprise servers, or telecom switching stations. However, the power electronics industry has reached the theoretical limit of silicon MOSFETs.

Cisco Systems has requested a Delaware court to stop networking chip maker Acacia Communications, from backing out of the acquisition agreement the companies had entered back in 2019.

Geely Holding and Foxconn are looking to establish a joint venture company to provide OEM and customised consulting services – providing whole vehicles, parts, intelligent drive systems and automotive ecosystem platforms to global automotive companies.