The US has launched the Western Hemisphere Semiconductor Initiative – a programme to expand semiconductor manufacturing across Mexico, Costa Rica and Panama.
» Evertiq
The world’s largest contract chip manufacturer, TSMC, has reported Q2 net profits of $7.60 billion – up from around £5 billion a year earlier.
» Evertiq
The European Union and the Republic of Korea have announced four jointly funded projects to boost innovation in semiconductors. The partners will invest €6 million each in the scheme.
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Italy’s ALBA PCB Group, which manufactures and distributes printed circuit boards, has acquired Katowice-based WM Eltar.
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The Biden administration will assign USD 400 million to help Globalwafers develop its manufacturing projects in Texas and Missouri.
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LG Electronics will form a ‘global R&D triangle’ comprising existing labs in Changwon, South Korea, and Atlanta, US, and a just-announced 10,000 square foot facility in Germany.
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OVES Enterprise, a Romanian drone manufacturer, has bought a minority stake in compatriot printed circuit board specialist MXT Creation.
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The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey’s Manisa province.
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Tech and industrial conglomerate Honeywell has confirmed it will buy APD’s liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash.
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India’s Systrome Networks has launched a new $12m electronics manufacturing facility in Thiruvananthapuram in its home region of Kerala.
» Evertiq