Promise to UK in becoming a science & technology superpower dwindling as Intel looks to the continent to invest. Due to the country's decision to leave the EU, the largest political and trade bloc in the world, Intel is excluding the UK from its European expansion plans. With the government expressing
Flexciton, an optimization technology company that has developed a unique solution to dramatically improve the efficiency and productivity of semiconductor manufacturing processes, has secured additional funding of € 17.8 million. The Serie A round was led by Nadav Rosenberg (Saras Capital). Flexicon was founded in 2016 and is headquartered in
The output of Hungarian automobile production, the engine of industrial growth, declined 33.7% yoy in August as the global semiconductor shortage hit factories, the Bureau of Statistics (KSH) said in a second reading in October. KSH confirmed that aggregate industrial production increased by 2.6% and 0.6% after
An unprecedented and worsening material shortage, especially in semiconductors, is creating a mismatch between supply and demand in the European automotive sector that could last until the first half of 2022. This gives automakers a unique opportunity to drop prices after nearly $ 20. increase of + 3-6% years of compulsions. In
Stellantis and Apple iPhone contract assembler Foxconn have reached an agreement to form a joint venture, and an auto industry supplier, that will focus on developing technologies for connected cars. They say the company, called Mobile Drive, will accelerate time-to-market for the industry's most advanced connected car and car technologies.