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Byton In Talks To Go Public With A SPAC Deal, Says Sources: Report

Byton was launched in 2017 by Future Mobility Corp, a company co-founded by former BMW and Nissan Motor executives The report added that last month, it bagged a deal to start making electric sport-utility vehicles with Foxconn and...

$1.04 Billion: LANXESS Signs Contract to Acquire Emerald Kalama Chemical

The enterprise value of Emerald Kalama Chemical amounts to $1.075 billion. After deducting debt-like items, the purchase price is around $1.04 billion (EUR 867 million), which LANXESS will finance from existing liquidity Specialty chemicals company LANXESS has signed a binding...

Asia Pacific Projected to be the Largest Market in Terms of EV Charging Stations

Both the production and sales of new electric vehicles had come to a halt in Q1 and Q2 of 2020 across the globe as the whole ecosystem had been disrupted The global electric vehicle charging station market size is projected...

Automotive Test Equipment Market Was Valued at $2.09 Billion in 2018

The rise of electronic construction in vehicles is the vital factor in driving the market growth The global automotive test equipment market was valued at $2.09 Billion in 2018. The same is projected to reach $2.82 Billion by 2026. This...

Premier Energies To Set Up Rs 483 Crore Solar Cell Facility In Hyderabad

A company release said that this plant will produce 1.5 GW of solar cells and modules as against the current capacity of 500 MW The plant is expected to be commissioned in the next 2 months Premier Energies is...

Infosys is Investing $1 Million in UAV Company IdeaForge

The Indian Army had recently signed an approximately $20 million contract for undisclosed quantities of a high-altitude variant of ideaForge’s SWITCH UAV IT Services company Infosys is investing an additional $1 million in IdeaForge. The latter us into manufacturing of...

Umicore Looking At 2021 Profit Boost From EVs: Report

The recycling business should also benefit strongly from high precious metal prices. Chief Executive Marc Grynberg told analysts Umicore was well positioned to benefit from Europe’s electric vehicle push As per a report by Reuters, Belgium’s Umicore expects the...

Digi-Key Electronics Announces Distribution Partnership With FEITIAN Technologies

FEITIAN's OTP tokens and security keys are compatible within the requirements included in most applications and software such as Google, Microsoft, Azure AD, iOS, Android, Duo, WatchGuard, Ping Identity, Centrify, and many more Digi-Key Electronics announced that it has expanded...

Biochip Market Expected to Register Growth In Asia Pacific Region

Major players operating in the market are expanding their business in the region especially in countries like India and China The Global Biochip Market is expected to grow at an impressive rate of around 15 per cent during the forecast...

UL Approved to Test and Certify Civilian Drones in India

The new testing and certification services were introduced after the Quality Council of India granted provisional approval to UL as a certification body under its Certification Scheme for RPAS – Provisional Approval System for Certification Bodies UL has announced the...

$77.2 Million: ChipMOS Technologies Revenue in January 2021

The same represents an increase of 24.9 per cent compared to January 2020 and a decrease of 1.2 per cent compared to December 2020 ChipMOS Technologies INC, a provider of outsourced semiconductor assembly and test services, has reported its unaudited...

ION Energy Partners With European Electric Scooter Startup Ray Electric Motors

The platform, as per the company will allow Ray Electric Motors to send over-the-air (OTA) updates to its scooters, continuously improving the life and performance of the asset ION Energy, US based leading provider of advanced electronics for electric vehicles...

MoD and BEL sign Contract For Procurement of Software Defined Radio (Tactical)

The SDR-Tac is a four Channel Multi-mode, Multi Band, 19’’ Rack mountable, ship borne Software Defined Radio system. It is intended to serve ship-to-ship, ship-to-shore and ship-to-air voice and data communication for network centric operations Ministry of Defence (MoD) and...

Coherent Confirms Receipt Of Unsolicited Proposal From MKS Instruments

On 19 January 2021, Coherent announced that it had entered into a merger agreement with Lumentum Holdings Inc. pursuant to which Lumentum agreed to acquire Coherent Coherent, Inc. announced that it has received an unsolicited acquisition proposal from MKS Instruments,...

Recent Posts

Ola Electric 2-Wheeler Plant To Begin Production In Coming Months

The company announced a Rs 2400 crore MoU with the Tamil Nadu government in December 2020 and rapidly completed land acquisition in January...

Samsung SDI To Invest $849 Million To Expand EV Battery Plant In Hungary: Report

The official said that the company is also considering building another EV battery plant in the central European country, though no time line...

Global Semiconductor IP Market Is Estimated To Surpass $ 7,103.0 Million By End Of...

Launch of AI-infused modem chips is also expected to help in growth of market Growing electronics is expected to offer lucrative growth opportunities...

Cabinet Approves PLI Scheme For Laptops, Tablets, PCs, Servers

It has a total cost including an incentive outlay of ₹7,325 crore and administrative charges of ₹25 crore Production worth ₹3.26 lakh crore...

Continental Buys Minority Stake In AI Chip Startup Recogni

Continental is contributing both its financial commitment as well as its expertise in the field of AI, vehicle sensors and advanced driver assistance...