MEXICO CITY, April 3 (Reuters) - Sweden's AB Volvo (VOLVb.ST), opens new tab will increase its investment in the truck factory it is building in the northern Mexican state of Nuevo Leon to $1 billion, Mexico's Economy Minister Marcelo Ebrard said on Thursday.
Volvo announced in August that it had chosen a site on the outskirts of the industrial hub Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory, putting construction costs at the time at $700 million.

Taiwan’s chip industry can now have a temporary reprieve, as semiconductors have been listed among imports exempted from the latest round of tariffs announced on Wednesday by US President Donald Trump, an analyst said yesterday.

The exemption of semiconductors gave some insight into Trump’s tactics, equity analyst Andy Hsu (許博傑) told the Central News Agency (CNA) in a phone interview in Taipei.

Hon Hai Precision Industry Co (鴻海精密) has increased its investment in India and Vietnam, which sources said were likely made to expand capacity for Apple Inc products and artificial intelligence (AI) servers.

Since Oct. 25 last year, the company has bought US$32.26 million in equipment from Apple Operations Ltd for its Indian operation through subsidiary Foxconn Hon Hai Technology India Mega Development Private Ltd, Hon Hai said in a regulatory filing on Tuesday.

SINGAPORE - United Microelectronics Corp (UMC), a major chipmaker, on April 1 opened a new facility in Singapore that is expected to create about 700 jobs over the next few years.

The Taiwanese global semiconductor foundry said the advanced fabrication facility, or fab, in Pasir Ris will be injected with up to US$5 billion (S$6.7 billion) to bring the first of two planned phases of its development to the full capacity of 30,000 wafers a month.

The former Newport Wafer Fab (NWF) facility in South Wales is getting £250 million ($323 million) to start making silicon carbide semiconductors, a year after the sale of the site was approved by UK government.

Britain's largest semiconductor production plant, now officially known as Vishay Newport following acquisition by US chip biz Vishay Intertechnology, is gearing up to produce silicon carbide (SiC) components for use in high-power applications including drivetrain for EVs and wind turbines.

Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately USD 10 billion. With this acquisition, Siemens extends its leadership in simulation and industrial artificial intelligence (AI) by adding new capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI. The addition of the Altair team and technology to Siemens will further enhance the most comprehensive Digital Twin and make simulation more accessible, so companies of any size can bring complex products to market faster.

Hamamatsu Photonics has been constructing a new building at the Shingai Factory (Shingai-cho, Chuo-ku, Hamamatsu City, Japan) to enhance the production capacity of optical semiconductor devices, including those for semiconductor manufacturing and inspection equipment. The new building has now been completed and will commence its operations in May 2025. The completion ceremony will be held on March 27.

AHMEDABAD, India, March 24, 2025 /PRNewswire/ -- India is a strategic market and innovation hub for Infineon, a global leader in power systems and IoT. With more than 2.500 employees, Infineon India has been driving R&D and innovation for almost over 25 years in the country`s semiconductor ecosystem. Today, Infineon expands its presence in India even further with a Global Capability Centre (GCC) in Ahmedabad, located in the Gujarat International Finance Tec-City (GIFT City). The inauguration was presided over by the Hon'ble Chief Minister of Gujarat, Shri Bhupendra Patel, and Infineon CEO, Jochen Hanebeck.

Luxshare Precision Industry announced on March 20 that it will acquire core assets from Wingtech Technology's consumer electronics system integration unit. The all-cash deal, executed via its subsidiary Luxshare Communication, aligns with Luxshare's broader strategy to expand global operations and enhance vertical integration in the electronics manufacturing ecosystem.

German semiconductor firm Infineon Technologies is set to double its India workforce by 2030, focusing on research and development rather than manufacturing. Currently employing 2500 professionals in India, the company plans to increase its headcount to 5000. Chief Marketing Officer Andreas Urschitz confirmed the initiative during a media roundtable, emphasizing that India plays a critical role in the firm’s innovation and development efforts.