ELECTRONICS MARKET NEWS HIGHLIGHT W20.2024

1. Qualcomm expands its new 5G/Wifi connection design center in Chennai, India.

Qualcomm announced the expansion of a new design center in Chennai, India, specializing in wireless connectivity solutions. This great semiconductor leader will help India conduct 5G and 6G research.

The center will work on 5G mobile technology and advance Qualcomm’s roadmap for Wi-Fi technology. In addition to the design center, Qualcomm announced a 6G academic research program to support 6G technology in India.

Qualcomm President Cristiano Amon said the Chennai team has played an important role in developing groundbreaking Wi-Fi technologies such as Wi-Fi 6 and Wi-Fi 7.

Qualcomm stated that the new design center in Chennai is a key asset that supports Qualcomm’s commitment to manufacturing in India. Research and development is the center’s core expertise and a key driver of Qualcomm’s business growth to drive market adoption of advanced wireless technology solutions.

Learn more: Qualcomm expands its new 5G/Wifi connection design center in Chennai, India.

2.The US announced nearly 20 billion USD in subsidies for Intel

On March 20, 2024 the US Department of Commerce announced it would provide Intel Corporation with grants worth 5 billion and loans of up to $11 billion to help expand its semiconductor factories. .

The Commerce Department said the program will support Intel’s more than $100 billion in investments in the United States, including advanced semiconductor manufacturing efforts at major factories in Arizona and Ohio. The funding will also be used to pay for advanced packaging and equipment development projects at smaller plants in Oregon and New Mexico.

Additionally, Intel will receive an investment tax credit from the Treasury Department, which could cover up to 25% of capital costs, according to the Commerce Department.

Learn more: The US announced nearly 20 billion USD in subsidies for Intel

3. Siemens acquired EBM-Papst’s industrial disc business

Siemens has signed an agreement to acquire EBM-Papst’s industrial drive business for an undisclosed amount.

“EBM-Papst’s portfolio of mechatronic and human drive systems is a great fit for Siemens,” said Cedrik Neike, CEO of Siemens Digital Industries. “This acquisition will enable us to exploit new business in the market for smart, battery-powered motor drive solutions in the internal logistics sector as well as mobile robotics.”

“What EBM’s industrial drives business has lacked up to now is a global sales organization,” said Klaus Geißdörfer, Group CEO EBM-Papst. “Siemens is a long-standing customer and is a company with strong ability to penetrate international markets.” “The acquisition of Siemens is a strategically significant move for us. We will use the proceeds from the sale to expand our air technology and heating technology divisions, and to invest in future areas of our product portfolio, such as such as digitalization and sustainability.”

Siemens expects high growth in the industrial drive market through the use of mobile robots and driverless vehicles “as well as the automation of ancillary processes, such as retooling of existing production machines.” grand”.