European Semiconductor Manufacturing Company (ESMC), a joint venture between TSMC, Robert Bosch, Infineon Technologies and NXP Semiconductors, has held a groundbreaking ceremony to officially mark the initial phase of land preparation for its first semiconductor fab in Dresden, Germany. The event brought together government officials, customers, suppliers, business partners and academia to celebrate a milestone in establishing what will be the EU’s first-ever FinFET-capable pure-play foundry.
Chinese tech firm Huawei Technologies Co.’s push into the electric vehicle market has received another boost, after an investment valued its auto solutions company at RMB 115 billion (US$16 billion).
General Motors Co. is cutting more than 1,000 software engineers as the automaker moves to lean up its software and services organization, said a person familiar with the matter.
To seize the European market, Samsung Display (SDC) established a production site in Slovakia. However, as its main client, Samsung Electronics, progresses towards internalized production and the increase of local personnel costs, SDC reportedly plans on clearing out its branch in Slovakia.