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Xiaomi raises $5.5 billion in share sale amid EV push

2025-03-25 eIndustry

Xiaomi is targeting its nascent EV business to propel growth and has raised its EV delivery target for 2025. The Chinese tech giant is also expanding the size of a planned second factory in Beijing.
» Evertiq

Posted in: Uncategorized

Teledyne FLIR Defense secures $7.8M surveillance systems contract

eIndustry

Teledyne FLIR Defense has won a contract valued at USD 7.8 million with Middle East Task Company (METCO) to provide its next-generation Lightweight Vehicle Surveillance System (LVSS) to a military ent…
» Evertiq

Posted in: Uncategorized

Malaysia under US pressure to stem flow of Nvidia chips to China

2025-03-24 eIndustry

Malaysia’s trade minister said the US wanted Malaysia to closely track the movement of cutting-edge Nvidia chips that enter the country amid suspicions that many are ending up in China, FT reports.
» Evertiq

Posted in: Uncategorized

Taiwan’s Sera Network to invest $35 million in Telangana

eIndustry

The new facility in the southern Indian state of Telangana will focus on producing advanced data center switches, 5G technology equipment, and other high-tech electronic components.
» Evertiq

Posted in: Uncategorized

UAE pledges $1.4 trillion US investment, says White House

eIndustry

The investment framework “will substantially increase the UAE’s existing investments in the US economy in AI infrastructure, semiconductors, energy, and American manufacturing,” US officials sai…
» Evertiq

Posted in: Uncategorized

Valens, MIPI A-PHY silicon vendors test interoperability

eIndustry

The testing is a key step towards broad adoption of A-PHY in China, where there is already a particularly robust ecosystem of companies developing products around this technology.
» Evertiq

Posted in: Uncategorized

AI-driven weeding startup Harvested Robotics secures $580K

eIndustry

The Indian company’s AI-powered laser weeder reportedly attaches to tractors, using cameras and AI models to detect weeds and robotic actuators to eliminate them with high-power lasers.
» Evertiq

Posted in: Uncategorized

Microchip Technology taps Macquarie to sell Tempe wafer fab

eIndustry

Microchip Technology has engaged Macquarie Group to oversee the marketing and sale of its wafer fabrication facility (Fab 2) located in Tempe, Arizona.
» Evertiq

Posted in: Uncategorized

AM Batteries, TDK partner to scale up battery production

eIndustry

US dry battery electrode firm AM Batteries and Japan’s TDK will leverage their expertise to further optimize battery production and drive advancements in next-generation energy storage solutions.
» Evertiq

Posted in: Uncategorized

ULVAC to develop dilution refrigerator for quantum computing

eIndustry

ULVAC, with input from IBM, has been developing the next generation of dilution refrigeration systems that meet IBM’s specifications for their superconducting qubit-based quantum computers.
» Evertiq

Posted in: Uncategorized

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