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.

EV maker Tesla is rumored to have placed a massive order with TSMC to manufacture its next-generation Full Self-Driving (FSD) chips, potentially making it one of the Taiwan-based foundry’s largest customers, according to various reports citing Taiwan-based media Economy Daily News.

In this year’s Snapdragon Summit, Qualcomm only gave small announcements about its self-made CPU, titled Oryon. Besides the estimation that it’ll gradually enter the chip production line and end market by 2023-2024, there is no new information. However, it’s already enough to garner the attention of the media and analysts.

Nowadays, information technology and manufacturing are intimately linked to one another. It is inevitable for businesses to upgrade and digitalize in order to remain competitive in the industry. As an industrial automation integration solution supplier, znt-Richter (ZNT) has completed digital transformation for all customers in time, in budget and in quality, and will continue to progress and provide businesses innovative solutions and professional services. In this CEO interview, ZNT shared their experiences in digitalization, opportunities and challenges of digital empowerment, as well as their vision and planning for the industry.