Börje Ekholm steps down as CEO of Ericsson – Per Narvinger takes over
Ericsson has announced that Börje Ekholm is stepping down as President and CEO, with Per Narvinger appointed as his successor. Narvinger, currently Executive Vice President and Head of Business Area Networks, takes over on October 1, 2026.
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Cicor divests Tunisia facility and launches efficiency programme
Swiss EMS provider Cicor is divesting its Tunisia production facility and launching an integration and productivity programme expected to deliver recurring EBITDA improvements of more than CHF 10 million annually. The programme affects approximately 220 positions, equivalent to 5% of the company's total headcount.
Cellula, Metron sign agreement to advance US undersea capability
The 10-year agreement brings together Cellula Robotics’commercial off-the-shelf (COTS) long-endurance autonomous underwater vehicle (AUV) platforms with Metron’s adaptive mission autonomy and undersea warfare and maritime domain expertise.
Semiconductor market hits record quarter, driven by memory surge
Semiconductor revenue grew 27% QoQ in Q1 2026 to reach USD 319 billion – the highest quarterly growth Omdia has recorded since it began tracking the market in 2002. It marks the third consecutive quarter of double-digit growth, putting the market on track to surpass USD 700 billion in the first half of 2026.
India’s Ethereal Machines raises $28.5 million in Series B
The fresh funds will be used to expand manufacturing infrastructure, develop India’s first indigenous multi-axis CNC controller, strengthen its software stack, support semiconductor manufacturing initiatives, and accelerate international expansion.
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Air Liquide invests €200M in Korea to back SK hynix’s AI chip project
In order to supply SK hynix’s new packaging and testing fab “P&T7”, located in Cheongju, in the Chungcheongbuk province, Air Liquide will build and operate a state-of-the-art nitrogen production unit.
Isar secures €270 million to provide sovereign space capabilities
The capital will drive global scaling and ramp up serial production of the Spectrum launch vehicle. Following its first launch pad in Norway, Isar Aerospace now plans to build a new launch site in Canada.
Hitachi, Google Cloud expand alliance to advance physical AI
Through the strategic alliance, Hitachi will establish and globally deploy Hitachi’s Forward Deployed Engineers (FDEs) model that leverages its strengths in IT, OT, and products cultivated through Lumada, together with Google Cloud’s advanced AI.
DHL Supply Chain breaks ground on battery hub in Netherlands
The batteries handled at the Holtum site are intended for use in electric vehicles as well as in the rapidly growing segment of BESS, including home storage and solar energy applications.
Cadence unveils fully autonomous virtual engineer for chip design
Built on Cadence’s AI-driven electronic design automation (EDA) portfolio with Nvidia Nemotron models, and secured by Nvidia OpenShell runtime, the new agentic capabilities enable customers to run dynamic simulations in automated workflows.
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