Archives for July 5, 2018

ABB completes acquisition of GE Industrial Solutions

July 5, 2018 by Anna

ABB has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year.

The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability, with the extensive GEIS installed base.

ABB expects to realise approximately $200 million of annual cost synergies in year five.

UMC takes 100 per cent ownership of Fujitsu’s semiconductor business unit

July 5, 2018 by David Edwards

United Microelectronics Corporation has agreed to acquire all of the shares of Mie Fujitsu Semiconductor, a 300mm wafer foundry joint venture between both companies.

United Microelectronics Corporation is said to be the first semiconductor company established in Taiwan back in 1980.

In addition to the 15.9 per cent of MIFS shares currently owned by UMC, Fujitsu Semiconductor will transfer the remaining 84.1 per cent of its shares in MIFS to UMC, making MIFS a wholly-owned subsidiary of the Taiwan-based foundry. [Read more…] about UMC takes 100 per cent ownership of Fujitsu’s semiconductor business unit

Bosch lays foundation stone for billion-dollar ‘factory of the future’

July 5, 2018 by David Edwards

German industrial giant has started construction on a billion-dollar semiconductor manufacturing facility – or, in Bosch’s words, a “factory of the future” in Dresden, Germany.

The company said that the foundation stone laid recently in Dresden is “a key milestone” in the construction of the Bosch Group’s “state-of-the-art” wafer fabrication facility.

Construction is scheduled to be completed in late 2019, when installation of the production machinery will start. [Read more…] about Bosch lays foundation stone for billion-dollar ‘factory of the future’

DuPont to invest $45 million in new manufacturing facility in Delaware

July 5, 2018 by Anna

DuPont Transportation & Advanced Polymers (T&AP), a business unit of DowDuPont Specialty Products Division, today announced the purchase of a new facility in Newark, Delaware.

The site will manufacture Kalrez, a specialised engineered material used in a variety of sealing applications that require high-temperature performance and excellent chemical resistance.

The facility is twice the size of the current plant in Newark, and will be outfitted with state-of-the-art equipment and advanced manufacturing capabilities.