BOS Semiconductors, a fabless chipmaker from South Korea, has successfully raised approximately $60.2 million (87 million won) in a Series-A funding round, a significant figure for an early-stage South Korean startup. This reflects the market's interest in AI semiconductors and BOS Semiconductors' rising status in the industry. The funding round saw participation from both existing and new investors, including Atinum Investment, Partners Investment, Stick Ventures, Industrial Bank of Korea,...

Qualcomm is preparing to sign a deal to contract-manufacture and source automotive module products from India, which will be exported worldwide and sold domestically, as stated by Qualcomm Global CEO and President Cristiano Amon. This development marks Qualcomm as potentially the first leading global chipmaker to export such products from India, following the Indian government's announcement of a $10 billion semiconductor incentive package nearly four years ago. The announcement coincides with t...

Samvardhana Motherson International Ltd., an India-based automotive supplier also known as Motherson Group, is expanding its operations in Hungary through several investments, including a research and development program and the establishment of a regional services center. The company’s €54 million R&D project focuses on AI-based sensors and advanced visual systems integrated into rearview mirrors. The investment is set to create 55 new jobs for automotive product development professi...

Ethernovia, a semiconductor startup specializing in Ethernet-based, packet processor-centric networking solutions for software-defined autonomy in vehicles, robots and intelligent machines, has announced the completion of a Series-B funding round exceeding $90 million. This round was led by Maverick Silicon, with contributions from Socratic Partners, Conduit Capital, CDIB-TEN Capital, and existing investors such as Porsche SE, Qualcomm Ventures and Fall Line Capital. Ethernovia is focused on ...

DENSO plans to invest $69 million in constructing an advanced logistics center in Lebanon, Tennessee, which will retain 100 jobs in the area and enhance the company's operations and competitiveness in North America. The 280,000-square-foot facility is scheduled to begin construction in summer 2026 and open in spring 2027, replacing DENSO's current Wilson County, Tennessee, operations with a larger, technologically advanced space. The phased transition will ensure continuity for DENSO's workforce...

Leapmotor, a leading manufacturer of new-energy vehicles (NEVs), has secured a significant investment from China FAW Group, marking a notable instance of a mainland Chinese state-owned automaker investing in an NEV startup. According to a regulatory filing, Leapmotor has signed an agreement on Dec. 28 with FAW Equity Investment, a wholly owned subsidiary of China FAW, to issue 74,832,245 domestic shares at 50.03 yuan (about $7.13) per share, raising 3.74 billion yuan. The newly rais...

Visteon has inaugurated a new engineering center in Tunis, the capital city of Tunisia, La Presse reported Dec. 14. The development marks a significant step for the US-based automotive supplier, which has operated in Tunisia since 2005. Visteon aims to expand its workforce in Tunisia to 900 employees by 2028, up from 560 at present, with nearly 40% in managerial roles. The new center is expected to support growth in engineering as well as research and development. Leveraging local talent, the...

VisIC Technologies, known for its work in gallium nitride (GaN) power semiconductors for electric mobility, announced the successful second closing of its Round B funding, raising $26 million. The funding round was led by a major semiconductor company and included participation from HKMC as a strategic investor. This achievement strengthens VisIC's position in GaN innovation for electric vehicle traction inverters, highlighting its contribution to the advancement of next-generation electric mobi...

Point One Navigation, a US-based startup specializing in high-precision location technology, has announced the successful completion of a $35 million series-C funding round, led by Khosla Ventures, with participation from existing investors IA Ventures, UP Partners and Alumni Ventures. This capital will be used for infrastructure expansion, software innovation, integration with original equipment manufacturers, and growth in research and development, engineering, customer success, and inter...

On Oct. 22, 2025, Philippine Manufacturing Co. of Murata Inc., a manufacturing subsidiary of Japan-based Murata Manufacturing, inaugurated a new production building in Batangas, Philippines, which had been under construction since August 2023. The new production building will enable the Japanese supplier to enhance its global production capabilities in response to the anticipated medium- to long-term increase in demand for multilayer ceramic capacitors (MLCCs), driven by growth in the mobil...

Samsung Electronics and other major South Korean manufacturers, including Hyundai Motor Group, Hanwha Ocean and HD Hyundai, announced plans for domestic investment, following concerns that a US trade deal could potentially divert investments away from home, as reported by Reuters on Nov. 16. Samsung Electronics revealed it will add a new chip production line at its Pyeongtaek plant in South Korea to cater to the growing demand fueled by the global surge in AI. This is part of a broader init...

German luxury-car maker Mercedes-Benz is investing €55 million in establishing its first research and development center in Hungary. Péter Szijjártó, minister of Foreign Affairs and Trade, government of Hungary, announced that Mercedes-Benz's investment in the city of Kecskemét will include early hardware and software development, with prototype testing to soon begin. The technologies developed at the newly opened R&D center will be used in new electric p...

Tesla CEO Elon Musk announced plans to potentially build a large semiconductor fabrication facility for AI chips. At the company's annual meeting, Musk discussed Tesla's fifth-generation AI chip, which is intended to advance its autonomous technology, and suggested the possibility of collaboration with Intel, though no agreement has been finalized. As Intel faces challenges in the AI chip market against competitors such as NVIDIA, the US government recently acquired a 10% stake in Intel. Musk's ...

Marelli has launched a new technical research and development center in Bengaluru, Karnataka, India, as part of its effort to expand its engineering capabilities and bolster its innovation strategy in key automotive technology areas. The facility, which officially opened on Nov. 5, will employ 350 engineers. Located in the Embassy Manyata Tech Park, the new site joins another Marelli R&D center in Bengaluru, opened in 2022, benefiting from the region's rich talent pool in engine...

GlobalFoundries has announced a €1.1 billion investment to expand its manufacturing capabilities at its Dresden, Germany, site. This project, known as SPRINT, aims to increase production capacity to over one million wafers per year by the end of 2028, positioning it as the largest site of its kind in Europe. This expansion will be supported by the German federal government and the State of Saxony under the European Chips Act, with full EU program approval expected later this year. The investme...

Samsung Electronics Co. Ltd. subsidiary Harman announced a new investment of 3.45 billion Indian rupees ($42 million) to expand its automotive electronics manufacturing facility in Chakan, Pune, India. The plan involves an investment of 450 million rupees ($5.5 million) and an additional 3.0 billion rupees ($36.5 million) over the next three years to enhance advanced telematics and next-generation automotive connectivity programs. This brings Harman's total investment in the Pu...

Vishay Intertechnology has announced the successful expansion of its inductor and frequency control device product lines, which were initially announced in September 2024. This expansion has led to the release of over 2,000 new stock-keeping units (SKUs) across nearly 100 series, with more rollouts planned for 2025. The expanded product offerings improve sourcing options for customers, offering broader inductance and voltage ranges, enhanced noise suppression, and additional size variations suit...

Forvia is expanding its presence in the Indian automotive market with goal to generate more than €1 billion in revenue within the next five years, Autocar Professional reported Oct. 2. The French automotive supplier, which is growing at approximately 11% in India, plans to achieve this revenue target through an investment of approximately €218 million, focusing on local manufacturing and advanced technology. Martin Fischer, group CEO of Forvia, has emphasized India's growing importan...

Wayve has announced the development of its Gen 3 robot platform, which will utilize NVIDIA DRIVE AGX Thor, an advanced automotive-grade AI computer. This new platform represents the next step for Wayve's global development fleet, supporting the advancement of its AI Driver software into more secure, capable and scalable automated driving systems. The Gen 3 platform aims to progress self-driving technology to Level 3 and Level 4, necessitating a flexible and powerful computing capability to ma...

LG Innotek is planning to establish a new production center in Querétaro, Mexico. According to the Querétaro state government, the South Korean supplier will invest $190 million in the facility, which will focus on the production of cameras, LEDs, motors and automotive components. The new factory will be situated in the Kaizen Industrial Park in Colón, Querétaro, and the initial phase is expected to employ 630 people. “They are going to invest about US$190 million. The first p...

Bosch is showcasing its prowess in both software and hardware at the IAA Mobility 2025 event in Munich. The company highlighted its capacity to offer tailored, intelligent solutions that are integral to software-driven mobility. Bosch's by-wire systems for braking and steering are significant for the development of software-defined vehicles and automated driving, with predicted sales revenue exceeding €7.0 billion by 2032. The focus on by-wire technology marks a shift in vehicle construction t...

GlobalFoundries said that its funding under the CHIPS Act remains secure and does not involve any equity arrangements, following the US government's recent acquisition of a 10% equity stake in Intel, according to a report published by Reuters on Aug. 27. At the Deutsche Bank Technology Conference, John Hollister, the company's CFO, confirmed that it is receiving government funding as per its milestone achievements.  The government's stake in Intel came with a deal involving NVIDIA and AM...

Li Auto has developed its in-house autonomous driving chip, the M100, which demonstrates effective computing power comparable to two NVIDIA Thor-U chips for large language model tasks. The M100 has successfully completed prototype production and has undergone functional and performance testing, showing promising results in stress tests. It is expected to enter mass production and be integrated into vehicles in 2026. Until then, Li Auto will continue to depend on NVIDIA and Horizon Robotics. T...

In a press release on Aug. 21, Nuro announced the closing of a $203 million Series E funding round, bringing its valuation to $6 billion. This funding round included companies such as Uber, Baillie Gifford, Icehouse Ventures, Kindred Ventures, NVIDIA and Pledge Ventures. This follows an earlier tranche of $106 million announced in April, which involved investors such as T. Rowe Price Associates Inc., Fidelity Management & Research Co., Tiger Global Management, Greylock Partners and...

Rebellions, a domestic AI semiconductor company, is advancing its large-scale pre-IPO fundraising efforts, driven by strong investment interest from both international and local investors. Investors are optimistic about Rebellions' stable revenue growth and its high likelihood of listing in 2026. As of Aug. 18, venture industry sources indicate that Rebellions aims to secure an investment of about 200 billion won (about $148 million) by October, before the Korea holiday Chuseok. The fundraising ...

EdgeCortix Inc., a fabless semiconductor company focusing on energy-efficient AI processing at the edge, has announced the initial close of its Series B funding round, bringing its cumulative funding to nearly $100 million. This milestone denotes significant growth and the global expansion of the company. The Series B round featured investment from global players such as Yanmar Ventures, Pacific Bays Capital, NTT Finance Corp., SiC Power and Aero X Ventures, along with existing investors such as...

Qualcomm is shifting its automotive module production to India as part of a strategy to enhance local manufacturing and support its ecosystem partners. The company is collaborating with tier 1 suppliers to facilitate the relocation of its manufacturing operations to India, as reported by The Times of India on Aug. 12. Nakul Duggal, Qualcomm's group general manager for automotive, industrial and embedded internet of things, said that the company is actively working with its partners to lo...

Mainland China's Jiangsu Changshu Automotive Trim Group Co. (CAIP) has announced plans to establish a wholly owned subsidiary in Zaragoza, Spain, marking a significant step in its overseas expansion strategy. The new company — provisionally named CAIP (Spain) Smart Cockpit Co. Ltd. — will be created through a multitiered investment structure. The investment will be made via CAIP (Luxembourg) Co. Ltd., a wholly owned subsidiary of CAIP (Hong Kong) Co. Ltd., which is fully owned by CAIP. ...

Chinese chip company Flagchip has completed a funding round worth hundreds of millions of yuan, as announced in a press release via its WeChat account on Aug. 6. The funding round received strong support from notable investors, including Xiaomi's investment arm Beijing Xiaomi Zhizao Equity Investment Fund Partnership, Hainan Jimu Venture Capital, and the Beijing Advanced Manufacturing and Intelligent Equipment Industry Investment Fund. The new capital is expected to strengthen Flagchip's positio...

The BMW Group Plant Steyr in Austria has commenced the series production of the electric engine for the Neue Klasse range of electric vehicles, marking a significant step for BMW's future. This production site in Austria is the first to produce the sixth-generation BMW eDrive (Gen6) electric engine, which is central to the Neue Klasse models. The e-engine production fulfills a promise made three years ago by BMW to enhance its production capabilities. Between the project's launch in 2022...

LG Innotek has partnered with Aeva to strengthen its presence in the lidar market. On July 29, LG Innotek announced a strategic partnership with Aeva to supply and jointly develop next-generation lidar technology. Aeva, known for its 4D lidar based on frequency modulated continuous wave (FMCW) technology, is recognized in the autonomous driving market and counts major automakers, including Daimler Truck, among its clients. Through this partnership, LG Innotek and Aeva will collaborate on the ...

South Korean AI chip startup Rebellions is preparing for a significant funding round, aiming to raise between $150 million and $200 million before pursuing a public listing. The company, which emerged from a merger with another South Korean startup called Sapeon in 2024, has positioned itself as a competitor to NVIDIA. Rebellions' efforts in this funding round are being supported by tech giant Samsung, which recently invested in the startup, although the specific amount was not disclosed. Sin...

Tesla CEO Elon Musk announced that the company has entered into a $16.5 billion multiyear agreement with Samsung for AI chips, as reported in a Reuters article dated July 28. Musk indicated that this is just the initial cost of the deal. According to Musk, Samsung's new Texas, US, fabrication facility will be dedicated to producing Tesla's next-generation AI6 chip, which will be used for Tesla's humanoid robot Optimus, fully autonomous vehicles and AI datacenters. Musk emphasized the str...

Sunrise, a chip developer spun off from Chinese AI giant SenseTime, has secured 1 billion yuan (about $139 million) to accelerate product development, expand its market presence and grow its team with the aim of reducing AI inference costs. The Series A funding round saw participation from investors including Huaxu Capital, a subsidiary of Sany Group; AI unicorn 4Paradigm; and game developer Yoozoo Interactive; as announced by the Hangzhou-based company. Sunrise became an independen...

New York-based Stony Brook University has partnered with semiconductor company Onsemi to to build a $20 million semiconductor research and development facility on its campus. Announced by New York State Gov. Kathy Hochul, this partnership aims to advance R&D in silicon carbide (SiC) chip technology, essential for clean energy applications and electric vehicles. The collaboration is supported by Empire State Development and combines Onsemi's $8 million and Stony Brook's $10 million investment...

LG Innotek is investing in a next-generation digital key solution as part of its strategy to achieve 1.5 trillion won (about $1.1 billion) in annual sales from automotive connectivity by 2030, The Korea Herald reported July 16. The South Korean electronic parts supplier revealed its plans during a media seminar in Seoul, South Korea, highlighting advancements in the digital key technology built on proprietary wireless communication. Yoo Byaeng-kuk, head of the Automotive Components ...

Sumitomo Electric Wiring Systems, a Japan-based supplier of automotive wiring harnesses and related components, plans to expand its operations in Simpson County, Kentucky, with an investment of $17 million, Area Development reported July 10. The capacity expansion is expected to create 76 full-time jobs. The planned investment will involve new injection-molding machines and automated assembly equipment to produce electrical connectors for automotive customers. John Saylors, division manager o...

Chief executives from LG Group's key units, including LG Electronics, will hold closed-door meetings with global carmakers to expand in the software industry. LG Innotek, a major South Korean electronics parts developer, has entered the automotive application processor market, which is expected to grow at 22% annually over the next five years. LG Electronics, a leading global home appliance maker, announced plans to invest more than 1 trillion South Korean won ($762 million) in its ven...

Phlux Technology, a UK startup specializing in infrared sensor technology, has raised £9 million in a Series A funding round led by BGF, with participation from existing investors including Octopus Ventures, Northern Gritstone and Foresight. This funding will facilitate Phlux's expansion into the optical communications and sensing industries, utilizing its unique antimonide-based semiconductor technology to create faster and more energy-efficient systems. The investment will support the scaling...

According to a press release July 1, Q5D, a robotic cell manufacturer that automates product electrification, is expanding its technical assessment center in Bristol, UK, doubling its resources. This center is crucial for conducting feasibility studies and prototyping by embedding wiring directly into product structures, eliminating the need for separate wire harnesses. The patented process, utilizing a 5-axis manufacturing robot, is particularly sought after in the automotive and aerospace i...

According to a press release on June 23, Continental's Automotive group has formed a new organization named Advanced Electronics & Semiconductor Solutions (AESS) to design and verify automotive semiconductors to meet internal demand. GlobalFoundries (GF) has been appointed as the manufacturing partner for AESS.  The initiative aligns with the Automotive board's strategy to invest in technology and increase autonomy. It aims to establish a resilient supply chain, improve product quali...

As reported in a press release on June 18, Zoox has launched the first serial production facility for purpose-built robo-taxis in the US, aimed at supporting the company's planned expansion in robo-taxi services across various markets, starting with Las Vegas and San Francisco, and later including Austin and Miami. This new facility, located in Hayward, California, spans 220,000 square feet and is Zoox's second vehicle production site in the Bay Area, while the first, in Fremont, California, foc...

The US Senate's draft tax bill proposes increasing the investment credit for semiconductor manufacturers from 25% to 30%, according to a Bloomberg report on June 17. This incentive aims to encourage chipmakers to begin new projects in the US before the 2026 deadline, allowing them to continue claiming credits for ongoing construction beyond that date. The tax credit, part of the 2022 Chips and Science Act, is designed to revitalize the US semiconductor industry by offsetting the shift of prod...

US carmaker General Motors (GM) announced that it plans to invest $4 billion over the next two years to boost its domestic production of gasoline-powered and electric vehicles. This investment aims to increase the company's annual domestic vehicle assembly to over 2 million units. GM's announcement follows an earlier plan to invest $888 million in the Tonawanda propulsion plant near Buffalo, New York, to support the development of its next-generation V-8 engine. The new investments will impac...

Cyclic Materials, an advanced recycling company, has announced a $25 million investment to establish North America's first Centre of Excellence for rare earth recycling in Kingston, Ontario. This facility, which covers over 140,000 square feet and will create 45 skilled jobs, will serve as the company's industrial and innovation hub, integrating commercial processing with research and development to tackle the challenge of sourcing rare earth elements for permanent magnets. The Kingston facil...

In a press release on June 4, GlobalFoundries (GF) announced a strategic plan to invest $16 billion to enhance its semiconductor manufacturing and advanced packaging capabilities in New York, US, and Vermont, US. This investment is designed to address the rising demand for semiconductors due to the growing prevalence of AI, which requires chips that are both power-efficient and capable of high-bandwidth performance. The initiative is supported by collaboration with the Trump administration an...

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) announced plans to establish a new facility in Munich, which will focus on optimizing chip designs for automotive and other industries, newelectronics reported May 28. The facility aims to cultivate and expand expertise in automotive and nonvolatile memory across the EU, particularly in the areas of resistive random-access memory (RRAM) and magnetoresistive random-access memory (MRAM) innovations, and will support the industry in advancing be...

In a press release on May 19, Hon Hai Technology Group, also known as Foxconn, announced a strategic partnership with Thales Group from France in the area of semiconductors. This partnership aims to enhance Foxconn's industrial expertise and expand its presence in Europe. As part of this collaboration, Foxconn signed the first of two memoranda of understanding (MOUs), which could potentially attract more European industrial investors, leading to investments exceeding €250 million. This initiat...

In a press release on May 14, Aeva announced a strategic collaboration with the technology-focused affiliate of a Global Fortune 500 company. The partnership aims to integrate Aeva's next-generation 4D Lidar technology into various markets. Additionally, this global technology solution provider will serve as Aeva's tier 2 manufacturing partner for the previously announced top 10 passenger original equipment manufacturer program. As part of their agreement, the global technology leader will in...

Porsche has announced plans to establish a research and development center in Shanghai's Jiading district, which will become operational in the second half of 2025, Yicai Global reported April 28. This China R&D Center will concentrate on developing integrated hardware, infotainment and driver assistance systems specifically for the Chinese market. The facility will feature more than 10,000 square meters of office space, specialized workshops and human-machine interface (HMI) laboratories...

South Korea announced an increase in its support package for the country's critical semiconductor industry, raising the amount to 33 trillion won (about $23.25 billion), which marks a significant increase from the previously unveiled package of 26 trillion won, according to a report published by Reuters on April 15. This decision comes in the wake of growing policy uncertainty under the current US administration and increasing competition from mainland Chinese rivals. To address these chall...

At the Hannover Trade Fair 2025, Imec, a research and innovation hub in nanoelectronics and digital technologies, announced a collaboration with the state government of Baden-Württemberg, Germany, to launch the Advanced Chip Design Accelerator (ACDA) in Baden-Württemberg. This new competence center aims to enhance Imec's Automotive Chiplet Program by developing chiplets, packaging, system integration, sensing and AI technology, thereby supporting the automotive industry in the introductio...

Magna International has commenced operations at its new manufacturing plant in Stip, North Macedonia, See News reported April 2. The Canadian supplier invested €40 million in the new factory, which will produce mechatronic components for the automotive market. This 18,000-square-meter factory will employ more than 600 people at peak capacity. Magna already operates a plant near Struga in North Macedonia, which employs 300 people. The factory specializes in the production of exterior mirror ...

As reported in a press release on March 5, Toshiba Electronic Devices & Storage Corp. celebrated the completion of a new back-end production facility focused on automotive power semiconductors at Himeji Operations — Semiconductor, located in Hyogo Prefecture, western Japan. This development will significantly enhance the facility's production capacity for automotive power semiconductors, more than doubling the numbers seen in fiscal year 2022, with the commencement of full-scale product...

The Taiwanese government has assured that its most advanced semiconductor technology will remain within Taiwan, despite a substantial $100 billion deal between Taiwan Semiconductor Manufacturing Co. (TSMC) and the Trump administration to expand TSMC's investments in the US, according to a report published by The Guardian on March 4. The deal, announced by US President Donald Trump and TSMC CEO CC Wei, aims to enhance US manufacturing capabilities and secure trade dominance. Trump said that TS...

In a press release on March 4, TSMC announced its plan to significantly boost its investment in the US, aiming to increase the sum to $165 billion, to advance semiconductor manufacturing crucial for the future of AI. This announcement, made from its headquarters in Hsinchu, Taiwan, comes with a commitment to add $100 billion to the ongoing $65 billion investment in its semiconductor operations, primarily located in Phoenix. This planned investment marks the largest single foreign direct inves...

As reported in a press release on Feb. 26, SkyWater Technology and Infineon Technologies AG have announced a strategic agreement involving the purchase of Infineon's 200-mm fab in Austin, Texas, known as Fab 25, by SkyWater. The deal also includes a long-term supply agreement, exemplifying a significant move to strengthen US-based production of essential chips for industrial, automotive and defense applications. SkyWater will manage Fab 25 as a foundry, increasing the US' capacity for fo...

The European Commission has greenlit funding under the European Chips Act for Infineon Technologies AG's Smart Power Fab located in Dresden, Munich, with an official approval from the Federal Ministry for Economic Affairs and Climate Action (BMWK) anticipated in the coming months, according to a press release on Feb. 20. This initiative, which is also backed by the European Commission's Important Project of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME ...

As reported in a press release on Feb. 18, Cambridge GaN Devices (CGD), a leading player in gallium nitride (GaN) power devices, has successfully closed a $32 million Series C funding round. The investment was led by a strategic investor with participation from British Patient Capital and supported by existing investors Parkwalk, BGF, Cambridge Innovation Capital (CIC), Foresight Group and IQ Capital. GaN-based devices represent a breakthrough in power electronics, offering faster switching s...

As reported in a press release on Jan. 16, NXP Semiconductors has announced a significant boost to its research, development and innovation (RDI) efforts through a €1 billion loan from the European Investment Bank (EIB). This loan, carrying an interest rate of approximately 4.75% and a duration of six years, is designated to support NXP's RDI investments across Europe, specifically in Austria, France, Germany, the Netherlands and Romania until 2026. Aimed at advancing semiconductor solution...

As reported in a press release on Dec. 4, VisionPower Semiconductor Manufacturing Co. (VSMC), a collaboration between Vanguard International Semiconductor Corp. (VIS) and NXP Semiconductors NV (NXP), initiated the construction of a new 300-mm wafer manufacturing facility in Tampines, Singapore. The ceremony was attended by numerous stakeholders, including government officials and Dr. Tan See Leng, the minister for Manpower and second minister for Trade and Industry. The facility, VSMC's first...

As reported in a press release on Dec. 4, GlobalFoundries (GF) has announced receiving an additional $9.5 million in funding from the US government to support the advancement of manufacturing gallium nitride (GaN) on silicon semiconductors at its Essex Junction, Vermont, facility. The investment brings GF closer to initiating the large-scale production of GaN chips, which are crucial for a wide array of applications such as automobiles, datacenters, internet of things, aerospace and defe...

According to a press release on Nov. 26, the US Commerce Department has allocated up to $7.86 billion in direct funding to Intel Corp. under the US CHIPS and Science Act, supporting Intel's semiconductor manufacturing projects across Arizona, New Mexico, Ohio and Oregon. This funding complements a $3 billion contract for Intel's Secure Enclave program, aimed at enhancing the production of leading-edge semiconductors for the US government. In total, aligned with a 25% investment tax credit fro...

Kostal Macedonia, the North Macedonia arm of the German car parts manufacturer Kostal, has embarked on a significant four-year investment initiative, valued at €50 million. This financial endeavor, as unveiled by Viktor Mizo, the managing director of Kostal Macedonia, is designed to foster job creation and enhance the company's manufacturing capabilities. Mizo announced that this new cycle of investment would enable Kostal Macedonia to start producing systems for plug-in hybrid and electric...

Wolfspeed, a US-based chipmaker, has decided to cancel its project to construct a semiconductor factory in Ensdorf, Germany, attributed to the slower-than-anticipated adoption of electric vehicles, according to a report published by Reuters on Oct. 24. Initially, in June, Wolfspeed had postponed the building of this $3 billion facility, which was intended to manufacture computer chips for electric cars. This delay was seen as a sign of the EU's challenges in boosting semiconductor produc...

Bosch has recently expanded its operations in Aguascalientes, Mexico, with the opening of new production lines at its plant following an investment of $221.2 million, according to a report published by Mexico Now on Oct. 16. The expansion is expected to create 400 jobs by 2027 and aims to strengthen Bosch's position in the global automotive market by integrating advanced technology and improving processes. The focus of this project, situated in the Aguascalientes Valley Industrial Park, is on...

According to a press release on Oct. 15, the US Commerce Department, along with Wolfspeed, has announced a non-binding preliminary memorandum of terms (PMT) for up to $750 million in direct funding under the CHIPS and Science Act. This is complemented by an additional $750 million in new financing from a consortium led by Apollo, The Baupost Group, Fidelity Management & Research Company, and Capital Group. The financial commitments are aimed at supporting Wolfspeed's growth and the domest...

Li Auto is setting up a chip research and development office in Hong Kong, with plans to hire AI chip architects, Pandaily reported Oct. 9, quoting media outlet LatePost. The new office is envisioned as an international technology exchange center and falls under the Li Auto Chip Preliminary Research Department, aiming to recruit a team of about 10 people. These positions are considered equivalent to technical experts or senior experts at major domestic internet firms, indicating the high leve...

Marquardt has announced the opening of a new production facility in El Fejja, Tunisia, the Germany-based mechatronics specialist said in a press release on Sept. 26. This facility represents a significant advancement in Marquardt's expansion in North Africa, focusing on the manufacturing of innovative control panels for premium vehicle interiors. The company has invested over €50 million in the new building, machinery and equipment at the plant. With this expansion, Marquardt aims to generate ...

The White House has selected Monroe Capital to launch a dedicated fund to help automotive suppliers in the US. The Drive Forward Fund will aim to raise up to $1 billion to invest in small and medium-sized companies that play a pivotal role in fueling growth and innovation in the US automotive industry. The Drive Forward Fund will target suppliers and manufacturers including those offering software as a service (SaaS) and other technological solutions catered to the automotive sector. Beyond i...

Uno Minda has announced plans to invest over 6 billion rupees (about $71.8 million) toward various capacity expansion projects in India and Indonesia, Autocar Professional reported Sept. 19. In Indonesia, Uno Minda’s wholly owned subsidiary, PT Minda Asean Automotive (PTMA), has received additional orders for long tail lamps from original equipment manufacturers. To serve these orders, Uno Minda will invest 2.1 billion rupees to establish a new manufacturing facility, which is expected to beco...

The Indian state Uttar Pradesh government has introduced the Uttar Pradesh Semiconductor Policy 2024, unveiling a strategy to attract investment in the semiconductor manufacturing industry by offering a range of incentives, as reported by The Hindustan Times on Sept. 12. These incentives include assistance on capital investment, interest subsidies, rebates on land value, stamp duty and electricity charges, aiming to establish Uttar Pradesh as a hub for semiconductor design engineering an...

Denso announced on Sept. 9 its plan to construct a new plant at the site of the existing Zenmyo Plant in Nishio City, Aichi Prefecture, Japan. With construction kicking off in the first half of fiscal year 2025 and completion expected by January 2027, the company aims to start production in the first half of fiscal year 2028. The projected investment for this expansion is approximately ¥69 billion (about $0.48 billion).  The company is focusing on three main challenges to...

Valeo, a prominent global tier 1 supplier specializing in mobility technology, has recently inaugurated a new production facility in Pune, India, marking a significant expansion of its operations in the country. This new facility, covering over 7,000 square meters, is dedicated to power electronics products and aims to bolster Valeo's capabilities in the electrification sector in India. This development follows Valeo's recent contract with Mahindra & Mahindra (M&M) on Nov. 13, 2023, t...

According to a press release Sep. 4, Kyocera has initiated the construction of a new production facility at the Minami Isahaya Industrial Park in Isahaya City, Nagasaki Prefecture, with a groundbreaking ceremony that took place Aug. 28. The development is part of Kyocera's strategy to reinvest in its manufacturing capabilities both domestically and internationally. The decision follows the acquisition of approximately 150,000 square meters (37 acres) of land within the industrial park, finali...

According to a press release Sep. 4, Asahi Kasei Microdevices Corp. (AKM), a subsidiary of the Japanese technology company Asahi Kasei, has announced the opening of the "AKM Co-creation & Technology Center" in Yokohama City, Kanagawa Prefecture, Japan in June. This new technology development base is set to centralize AKM's principal activities, including product design, research and development for semiconductors and sensors, and partner relations, which were previously spread across Toky...

STMicroelectronics has invested in Germany-based Quintauris, becoming its sixth shareholder after Robert Bosch, Infineon Technologies, Nordic Semiconductor, NXP Semiconductor and Qualcomm Technologies, the company said in a press release on Aug. 29. Established in December 2023, Quintauris is working to advance the adoption of products based on RISC-V principles. This includes access to reference architectures and assistance in the creation of cross-industry solutions. The solutions are initi...

Autoneum has inaugurated its new production facility in Pune, located in the western Indian state of Maharashtra, the Switzerland-based company said in a press release Aug. 29. The new 7,500 square meter facility, Autoneum’s third in India, will produce carpet systems, interior trim, wheelhouse outer liners, e-motor encapsulations and other noise protection components for both local and international automakers. The new plant further expands Autoneum's operational footprint in India, alongs...

Shenzhen Inovance Technology has announced an investment of 5 billion yuan (about $701.3 million) to construct a factory dedicated to manufacturing electrical parts for new-energy vehicles (NEVs), responding to the rising demand from its NEV clients. Inovance is a major supplier of electric motor controllers, e-drive general assembly, electric motors and power systems to NEV makers. Suzhou Inovance Automotive, a unit of Inovance, will oversee the construction of the plant in Suzhou, eastern J...

The European Commission has approved a €5 billion German measure to support the European Semiconductor Manufacturing Co. (ESMC) in constructing and operating a microchip manufacturing plant in Dresden, Germany. ESMC, a joint venture between Taiwan Semiconductor Manufacturing Co. (TSMC), Bosch, Infineon and NXP, aims to enhance Europe's supply security, resilience and digital sovereignty in semiconductor technologies, aligning with the European Chips Act Communication's objectives, as...

As reported in a press release on Aug. 8, Infineon Technologies has inaugurated the first phase of its new 200-millimeter silicon carbide (SiC) power semiconductor fabrication plant in Kulim, Malaysia.  The first phase of the fab, which represents a €2 billion investment, is aimed at producing SiC power semiconductors and includes gallium nitride (GaN) epitaxy. The facility is expected to create up to 900 high-value jobs initially, with a total of 4,000 jobs projected upon completion o...

In Querétaro, Mexico, South Korean technology firms LS Cable & System Mexico and LS EV Mexico have initiated the construction of two new plants, one of them for electric vehicle battery components. The company will invest $100 million in the two plants combined. These facilities are expected to create over 500 specialized jobs. LS Cable & System CEO Bon Kyu Koo disclosed the plans to develop these plants into a production hub for boost duct and battery component busine...

The US Commerce Department announced its intention to allocate up to $400 million in government grants to Amkor Technology for the development of a $2 billion advanced semiconductor packaging facility in Arizona, US, Reuters reported July 26. This facility is poised to be the largest of its kind in the US, dedicated to packaging and testing millions of chips for use in autonomous vehicles, 5G/6G technology, and data centers. Apple has been identified as the primary and most significant clie...

Continental has announced its plans to invest €45 million in the construction of a new production unit at its existing factory located in Sibiu, Romania. The planned investment is set to be partially funded through a government grant aimed at supporting investments with a substantial impact on the Romanian economy. The completion of this new production module is scheduled by the end of 2025, with the commencement of production operations targeted for the spring of 2026. The new module is se...

According to a press release on July 11, Tata Elxsi, a global design and technology services company, and Emerson, a key player in global automation, have inaugurated the Tata Elxsi + NI Mobility Innovation Centre (TENMIC) in Bengaluru. This advanced center is established with the vision to expedite automotive innovation through state-of-the-art systems, software solutions and extensive global automotive expertise. The automotive sector is witnessing a rapid transformation with the emergence ...

KDPOF, now rebranded to KD, has inaugurated an optical interconnect laboratory, and assembly and test facility in Tres Cantos, Madrid. The initiative follows a €28 million funding received from the European Commission as part of an Important Projects of Common European Interest (IPCEI) program, as reported by eeNews Europe on July 10. The funding aims to establish a high-quality packaging factory for cutting-edge optoelectronic devices in Europe. Additionally, a new prototype laborat...

According to a press release on June 28, SMC Diode Solutions celebrated the opening of its second power-discrete fabrication facility in Nanjing, mainland China. This marks a significant expansion for the American-led semiconductor design and manufacturing company. The new facility, which achieved volume production in just 21 months since its groundbreaking in September 2022, is set to commence shipments to customers in the fourth quarter of 2024. Specializing in high-power and high-voltage r...

On June 25, Volkswagen Group and US-based electric carmaker Rivian Automotive announced their plan to set up an equal joint venture company that will focus on developing the next-generation electrical and electronic (E/E) architecture and software solutions that will be central to upcoming electric vehicles from both the carmakers. The strategic partnership also entails Volkswagen’s plan to invest $5 billion in Rivian, starting with an initial investment of $1 billion through an unsecured c...

Continental has expanded its production capacities for the tire pressure monitoring system (TPMS) for passenger cars at its Bangalore plant in Karnataka, India, Autocar Professional reported June 25. The Germany-based automotive supplier inaugurated a new TPMS production line, which has an initial capacity of 3.3 million wheel units per year, with plans for further expansion in the future. The additional capacity will enable Continental to meet demand from automakers operating in India while als...

As reported in a press release June 19, Onsemi has announced its plans for a multiyear investment of up to $2 billion to establish a state-of-the-art, vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic, marking a significant stride toward addressing the global surge in demand for energy-efficient semiconductors. This investment is set to enhance the supply chain for advanced power semiconductors in Europe and globally, catering to the growing needs of the el...

As reported in a press release on June 5, Vanguard International Semiconductor Corp. (VIS) and NXP Semiconductors NV (NXP) have announced their plan to establish a joint venture, VisionPower Semiconductor Manufacturing Co. Pte. Ltd. (VSMC), for constructing a new 300-millimeter (mm) semiconductor wafer manufacturing facility in Singapore. The facility, aimed at supporting mixed-signal, power management and analog products within the 130-nanometer (nm) to 40-nm range, targets a variety of end mar...

According to a press release on June 12, Black Semiconductor has secured €254.4 million (around $272 million) in funding to launch this new semiconductor technology. Out of the total funds, €228.7 million has been provided by the German federal government and the state of North-Rhine-Westphalia with the objective of advancing the development of a new generation of chips. Porsche Ventures and Project A Ventures, including participation from Scania Growth Capital, Capnamic, Tech Vision Fonds, ...

India-based automotive supplier, Samvardhana Motherson International (SAMIL) has earmarked 20 billion Indian rupees ($599 million) as capital expenditure for the current financial year, an increase of 25% over the previous financial year, Autocar Professional reported June 1, citing a senior company official.  Of this total, the company will invest 20 billion rupees in setting up six new greenfield facilities across India, mainland China and Poland. "This is over and above the 12 that we...

As reported in a press release on May 31, Gapwaves has received funding from Vinnova for a project aimed at developing advanced radar sensor front-end modules and solutions for increased road safety. This three-year project will be executed by a consortium including Gapwaves, Chalmers University of Technology, Klimator, Magna Electronics Sweden, RISE Processum and Sensrad. The total grant of 14.5 million Swedish kronor will be shared among the participating organizations, with Gapwaves receiving...

As reported in a press release on May 31, STMicroelectronics N.V. plans to open a new high-volume 200 mm silicon carbide (SiC) manufacturing facility for power devices and modules, including testing and packaging, in Catania, Italy. Alongside an SiC substrate manufacturing operation on the same site, these facilities will comprise ST's Silicon Carbide Campus. The campus will focus on the mass production of SiC to aid customers across automotive and cloud and other infrastructure. STMicro...

In a press release dated May 30, Infineon Technologies AG announced that it has received the permit for the final construction phase of its Smart Power Fab in Dresden, Germany. The company said that the new manufacturing plant is on schedule to start production as planned in 2026. The upcoming construction phases will include the creation of basement levels, other levels and a clean room on the fourth level to optimize integrated production. The smart power setup will utilize the sy...

In a press release announcement May 23, Toshiba Electronic Devices & Storage Corp. held a ceremony to mark the completion of a new 300-millimeter wafer fabrication facility for power semiconductors and an office building at Kaga Toshiba Electronics Corp. in Ishikawa Prefecture. The completion of construction is a major milestone for phase 1 of Toshiba’s multiyear investment program. Toshiba will now proceed with equipment installation, toward starting mass production in the second half ...