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Dutch startup Axelera AI launches with USD 12M Seed Round

17 hours 11 minutes ago
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.

Portwell announces PCOM-B645VGL, a new COM Express® Type 6 Compact Module

19 hours 11 minutes ago
Portwell, a world-leading innovator for Industrial PC (IPC) and embedded computing solutions, and an IoT Solutions Titanium Partner of the Intel Partner Alliance, announces the release of the PCOM-B645VGL, a COM Express Type 6 Compact (95mm x 95mm) module based on the 10nm Intel Atom x6000E Series/Pentium/Celeron Processors (formerly Elkhart Lake platform).

Valmet opens battery factory in Finland

1 day 17 hours ago
Valmet Automotive has officially opened its battery facility in Uusikaupunki, Finland. It represents a significant investment by Valmet Automotive in the EV systems business with EUR 120 million and it will create hundreds of new jobs.

Semcorp opens production in Hungary

2 days 15 hours ago
Construction of the Semcorp Group's first production unit outside China has begun; the company is building a facility that will produce lithium-ion battery separator films (LiBSF) in Debrecen (Hungary).

Germany hands over EUR 120 million to Tesla

2 days 17 hours ago
The German Federal state of Brandenburg wants to contribute EUR 120 million to the funding of the planned Tesla battery factory in Grünheide near Berlin. The Ministry of Economy has confirmed that the Budget Committee has released this sum from the Future Investment Fund.