ABB E-mobility, an electric vehicle (EV) charging solution provider, today announced that it has signed a pre-IPO private placement of approximately CHF200 million for newly issued shares, led by new minority investors. The transaction will close during the fourth quarter of 2022. ABB E-mobility will use the proceeds to continue the execution of its growth strategy, driven by both organic and M&A investments in hardware and software.

In the race to build a North American hub to support the electric-vehicle industry and challenge China’s dominance, one tiny Quebec community is charging ahead.

While many countries have welcomed fab investments from Taiwan Semiconductor Manufacturing Company (TSMC), it is impossible for the foundry to set up fabs in many countries, according to TSMC founder Morris Chang at a press conference at Taiwan’s Presidential Office Building on November 21.