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Panasonic says it has sold 100 million household refrigerators

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Panasonic says its production of household refrigerators reached a grand total of 100 million in 2018, 65 years since the company first began to manufacture them in 1953.

Panasonic began working on refrigerators as well as televisions and washing machines in anticipation of the approaching electrical age after the Second World War.

In 1952 an alliance was formed with Nakagawa Kikai Company, a specialist machine tool manufacturer that had made refrigerators. [Read more…] about Panasonic says it has sold 100 million household refrigerators

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

Infineon ‘outgrowing all other leading suppliers of automotive semiconductors’ in Japan

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Infineon is outgrowing all other leading suppliers of automotive semiconductors in Japan, according to new research by Strategy Analytics.

Infineon says this shows “strong growth in a strategically important market”.

The latest research from Strategy Analytics finds that Infineon Technologies increased its automotive business in Japan by almost 25 percent in 2018. [Read more…] about Infineon ‘outgrowing all other leading suppliers of automotive semiconductors’ in Japan

$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