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Samsung Electronics to invest $115 billion in logic chip businesses by 2030

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Samsung Electronics, a world leader in advanced semiconductor technology, will invest KRW 133 trillion (US$115 billion) by 2030 to strengthen its competitiveness in System LSI and Foundry businesses.

The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030.

The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.

[Read more…] about Samsung Electronics to invest $115 billion in logic chip businesses by 2030

ADAS: Top 40 advanced driver assistance systems companies

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The term “advanced driver assistance systems”, or ADAS, refers to a collection of automotive electronics technologies which are designed to enable vehicles to operate autonomously in certain situations.

The market for ADAS is forecast to be worth around $70 billion by 2025, according to Grand View Research. And although it’s already a huge market, a lot of the activity now is with the future in mind, a future in which many believe autonomous and electric cars will dominate.

A longer list of ADAS functions can be found elsewhere on this website, but examples include cruise control, lane-keeping, self-parking, and collision avoidance.

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$700 billion spent on mergers and acquisitions in industrial sector

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Almost $700 billion was spent on mergers and acquisitions in industrial sector last year, according to a study.

Research from global management consultancy A.T. Kearney has found that the total value of deals in the industrials market has risen to $680 billion in 2018, an increase from $662 billion the year before.

A.T. Kearney’s Industrials M&A Report 2019 analysed over 76,000 global transactions between 2009 and 2018 and found that the trend towards so-called ‘megadeals’ is set to continue.

2018 alone saw more than 100 individual deals worth over $1 billion, and seven of those transactions topping the $10 billion mark – including significant deals such as United Technologies’ $30+ billion takeover of avionics supplier Rockwell Collins and the intra-UK $12.1bn deal between Melrose Industries and GKN. [Read more…] about $700 billion spent on mergers and acquisitions in industrial sector

Denso to Invest $1.6 bn in automotive electrification

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Denso is to invest approximately 180 billion yen (US$1.6 billion) over three years – from FY2018 to late FY2020 – to support development and production of electrified automotive products, systems and technologies.

To accelerate business execution around electrification, Denso is establishing the Electrification Innovation Center at its plant in Anjo, Aichi, Japan, in May 2020.

The centre will conduct advanced R&D, develop and test prototypes, and launch mass produce newly developed automotive electrification products, systems and technologies.

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Foxconn boss Terry Gou considers automating the entire population of Taiwan

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Foxconn boss Terry Gou has confirmed that he is considering running for president in Taiwan’s general election next year, according to the South China Morning Post.

“I will decide in the next two days whether to run for president,” Gou told reporters at a seminar in Taipei earlier today. “I hardly slept last night thinking of the future of Taiwan and its security issues.”

He added that the 2020 presidential election will be “extremely critical in determining Taiwan’s future in the next 20 years in the political, defense and economic sectors”.  [Read more…] about Foxconn boss Terry Gou considers automating the entire population of Taiwan

General Motors to invest an extra $1 billion in US manufacturing

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gm building

General Motors says it will invest an additional $1 billion into its manufacturing operations in the US, adding to the $2.9 billion of investment it announced last year. 

And in a what may have been an extra comment aimed at President-elect Donald Trump, GM says it has invested a total of $21 billion in its US manufacturing operations since 2009.

Like virtually all other automakers and large manufacturing companies, such as Apple, GM has been the target of some criticism from Trump, who wants to fulfil his campaign promise to bring back manufacturing jobs to the US.  [Read more…] about General Motors to invest an extra $1 billion in US manufacturing