VPEC rises as top GaAs epiwafer supplier
Taiwan-based epiwafer maker Visual Photonics Epitaxy (VPEC) has emerged as the world's top supplier of GaAs epiwafers with its market share in the segment surpassing that of British peer IQE by 14-15%, according to industry sources......»»
Foxconn plans new $500 million investment in India
Apple's largest iPhone supplier Foxconn is intending to build two new plants in Karnataka, southern India, at a cost of half a billion dollars.A Foxconn facilityFoxconn has been working with Apple to reduce its reliance on China by diversifying to In.....»»
Auto seating supplier scraps unprofitable Jeep business near Detroit
The Jeep seating business is being picked up by Lear Corp., which said in an earnings presentation in April that it won a conquest award to supply complete seats for the Wagoneer and Grand Wagoneer launching in late 2023......»»
Dana sees strong Q2 profits
Auto supplier Dana Inc. said net income rose strongly in the second quarter, offset somewhat by currency headwinds, customer demand volatility and supply chain disruptions......»»
Forvia to close seating plant in Highland Park, Mich., lay off 511
Automotive supplier Forvia is planning to close its seating plant in Highland Park, Mich., and lay off 511 employees in the latest round of job cuts......»»
Hertz revenue rises in Q2 despite lower used-car prices
Hertz said travel demand rose in the quarter as the company reported an increase in transactions and kept more of its cars rented out to travelers......»»
Apple glass supplier Corning"s Q3 forecast drops over reduced sales
Apple supplier Corning has warned third-quarter sales will be below expectations, due to a drop in demand from smartphone producers.The forecast from Corning on Tuesday details its main expectations for the Q3 2023 results, for the three-month period.....»»
Plastic Omnium reports strong first-half growth, but profits fall 4%
Plastic Omnium said revenue increased 35 percent through June, as the supplier anticipates price battles among automakers as they deal with a slowdown in EV orders, particularly in Europe. Net income fell 4 percent......»»
Q2 gaming M&A deal value rises to $6.2B thanks to Scopely, Rovio | Drake Star
Q2 2023 saw a spike in M&A deal value thanks to Savvy Games Group's $4.9 billion acquisition of Scopely according to Drake Star Partners. Q2 2023 saw a spike in M&A deal value thanks to Savvy Games Group's $4.9 billion acquisition of Scopely acco.....»»
Supplier ZF finds Tesla, Nio, Lucid are hot for new technologies
ZF CEO Holger Klein finds that speed is king for new automakers like Tesla, Lucid and Nio......»»
Google now hikes prices for YouTube Premium too
Following price rises for the family sharing version of YouTube Premium, and then YouTube TV, the regular YouTube Premium subscription price is rising $2 per month.In October 2022, YouTube Premium Family Plan jumped five bucks to $22.99/month — and.....»»
TSMC profits fall but the iPhone 15 will help it rebound
Apple supplier TSMC is expected to report a drop in profits soon, but business will recover in the third quarter because the company is producing the iPhone 15.TSMC profits are expected to decline year-over-yearOn Thursday, Taiwan Semiconductor Manuf.....»»
Michigan Supreme Court opinion has "wide implications" for supplier contracts, supply chain
The Michigan Supreme Court issued a key opinion this week in a case about supply chain contracts that clarifies uncertainty over terms and conditions and likely gives sellers more leverage at the negotiation table. In MSSC Inc. v. AirBoss Flexible.....»»
BorgWarner spinoff Phinia sees growth in ICE, alternative fuels
While the legacy company has eyes only for electric, the newly independent suburban Detroit supplier of fuel systems and aftermarket parts is unapologetically all in on gasoline and alternative fuels......»»
Foxconn: Apple supplier drops out of $20bn India factory plan
Some analysts say Foxconn's decision marks a setback to the country's technology industry ambitions......»»
Automakers assembling a diverse supplier ecosystem
GM, Ford and Stellantis are among automakers, through their supplier development programs, that are opening doors for diverse automotive suppliers......»»
Nissan prepares Mississippi assembly plant for an electric age
According to a supplier production schedule, assembly on a pair of electric sedans begins in Canton in 2026. A couple of battery-powered crossovers follow in 2027 and 2028......»»
Rumored iPhone SE 4 delayed another year over OLED production woes
The iPhone SE 4 has reportedly been delayed by another year, over continuing concerns about OLED quality from a new Apple supplier.Previous iPhone SE modelsThe rumored iPhone SE 4 has been on, off, and back on again in various forms including as a no.....»»
Death toll rises to 7 in fungal meningitis outbreak; cases at 34, 161 at risk
Anyone exposed should get medical care and testing immediately, even without symptoms. Enlarge / One of the medical clinics suspended by Mexican health authorities in Matamoros, Tamaulipas, Mexico, on May 19, 2023. (credit: Gett.....»»
TSMC says some of its data was swept up in a hack on a hardware supplier
The pernicious LockBit ransomware syndicate claims responsibility and demands $70 million. Enlarge (credit: Getty Images) Chipmaker TSMC said on Friday that one of its hardware suppliers experienced a “security inciden.....»»
TSMC confirms supplier data breach following ransom demand by Russian-speaking cybercriminal group
Taiwanese semiconductor giant TSMC confirmed Friday that one of its hardware suppliers was hacked and had data stolen from it, but said the incident had no impact on business operations......»»