Teco invests in ZEPT
Teco Electric & Machinery has acquired a 25% stake in ZEPT, a Taiwan-based startup that develops powertrain modules used in electric vehicles (EVs), for cooperation in developing EV-use power systems and tapping corresponding markets......»»
EA Sports invests $11M in women’s soccer fund, UEFA internships
EA Sports has partnered with the UEFA Women's Champions League (UWCL) to invest in the future of women's soccer both in-game and on the pitch EA Sports has partnered with the UEFA Women's Champions League (UWCL) to invest in the future of women's.....»»
IBM Ventures invests in Cyolo to modernize authentication for digital businesses
Together IBM Ventures and Cyolo plan to collaborate and help modernize authentication for digital businesses. In today’s digital environment, organizations need to evolve their access and connectivity security to protect today’s distributed work.....»»
Teco Electric & Machinery to complete factory in India at end of 2022
Teco Electric & Machinery is constructing a factory in India and will complete it at the end of 2022, according to company president Thomas Fann at an August 16 investor conference......»»
Korea’s SK invests $100 million in EV charging supplier Atom Power
Atom Power has developed a digital circuit breaker that provides more control, flexibility and reliability to EV charging, especially for commercial fleet operators......»»
US invests $280bn in high tech to compete with China
US President Joe Biden said the new funding for tech would keep the US competitive......»»
India"s Polymatech, formerly Japanese, invests to make 2 billion chips by 2023
Polymatech Electronics, a Tamil Nadu, India-based semiconductor manufacturer, has announced plans to set up facilities that can manufacture up to two billion chips per annum by early next year. The company will invest US$1 billion towards this, along.....»»
India"s Polymatech, formerly Japanese, invests to make 2 bn chips by 2023
Polymatech Electronics, a Tamil Nadu, India-based semiconductor manufacturer, has announced plans to set up facilities that can manufacture up to two billion chips per annum by early next year. The company will invest US$1 billion towards this, along.....»»
EU invests EUR1.8 billion in clean tech projects
EU is investing over EUR 1.8 billion (US$1.8 billion) in 17 large-scale innovative clean-tech projects with the third round of awards under the Innovation Fund......»»
VinFast invests in next-generation battery maker ProLogium
Following its US$2 billion project to manufacture EV and EV batteries in the US state of North Carolina, Vietnam-based VinFast has committed an investment amounting to tens of millions of US dollars in Taiwan-based solid-state EV battery maker ProLog.....»»
Stellantis invests $24.7 million to retool Michigan engine plant
Stellantis said its Trenton engine plant will be retooled to a be flexible engine line able to produce the two variations of the 3.6-liter Pentastar V-6 engine......»»
Silicon Valley car dealer embraces a tech giant culture
Del Grande dealer group thrives in Silicon Valley by embracing the area's tech culture. The family enterprise invests in training, compensation and the perks expected in the California enclave......»»
BYD invests in SiC epitaxial wafer maker Tianyu Semiconductor
After seeing its market valuation top CNY1 trillion (US$148.9 billion) in early June, BYD has joined Huawei on the list of investors of SiC epitaxial wafer manufacturer Tianyu Semiconductor......»»
Spotify invests in AI voice technology with Sonantic acquisition
Spotify has been constantly bringing new features to its platform, as a way to stand out against competitors like Apple Music. Today, the company announced its acquisition of Sonantic, an AI Voice Platform that creates realistic voices from text. A.....»»
Ericsson steps up R&D efforts with 250 new staff in Ireland
Ericsson invests in workforce as 5G race continues......»»
Teco expects revenue proportion for EV-use products to rise to 5-10% in 5 years
Teco Electric & Machinery expects the percentage of consolidated revenues for products used in electric vehicles (EVs) to increase to 5-10% in five years, according to company president Thomas Fann......»»
Daniel Ek Invests $50 Million Into Spotify: "I Believe Our Best Days Are Ahead"
Spotify co-founder Daniel Ek said on Friday that he's pouring $50 million into the music streaming service, driving its stock price up by more than 3% to a high of $108.98 per share during regular trading hours. From a report: The momentary rise, how.....»»
US Invests $6 Billion to Save "Financially Distressed" Nuclear Reactors
The U.S. government "is launching a $6 billion effort to rescue nuclear power plants at risk of closing," reports the Associated Press, "citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.".....»»
Teco Electric & Machinery to set up 60MW energy storage system for Taipower
Teco Electric & Machinery has won an open bid at NT$2.6 billion (US$91.2 million) for setting up an energy storage system with an installed capacity of 60MW for state-run Taiwan Power Company (Taipower), with construction to begin in April 2022 and b.....»»
FII invests US$30 million in German startup Agile Robots
Foxconn Industrial Internet (FII) announced on April 18 it has invested US$30 million in Agile Robots AG, a Munich- and Beijing-based automation startup. This is its second strategic investment in Agile Robots. This follow-up investment after the US$.....»»
Earth Venture beckons to early-stage tech startups and universities for climate change solutions
Earth Venture Capital, which invests in early-stage climate-tech startups and has just closed its debut fund recently, extended invitations to Taiwanese startups and universities with innovative and scalable digital solutions to help tackle the clima.....»»