ASML expects demand to outstrip supply in 2027 and 2028
ASML’s planned capacity for 2027 and 2028 will not fully meet customer demand, the company now says. ASML is therefore looking at ways to expand capacity beyond what it has already announced. Third-quarter sales reached a record EUR 11.7 billion.
300mm fab equipment spending set to reach $227 billion by 2029
Global spending on 300mm front-end fab equipment is projected to rise 31% to USD 149 billion in 2026, according to SEMI. Equipment investment in the Americas is expected to more than double over the same forecast period.
Inission enters Germany with acquisition of Bavaria Digital Technik
Swedish EMS provider Inission is acquiring Pfronten-based EMS provider Bavaria Digital Technik (BDT) for EUR 5.3 million. The deal marks Inission’s first operation in Germany.
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STMicroelectronics wants Jean-Marc Chery to stay on as CEO for one more year
STMicroelectronics’ Supervisory Board will propose that Jean-Marc Chery be reappointed as President and CEO for one year. The proposal goes to shareholders at the company’s 2027 Annual General Meeting.
DigiKey to invest $100 million in distribution expansion amid 50% growth
DigiKey is putting USD 100 million over the next 18 months into expanding its distribution centre in Thief River Falls, Minnesota, and its order management system. The component distributor expects to grow by more than 50% this year.
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Vietjet Air expands contract with RTX’s Collins Aerospace
Under the expanded contract, FlightSense, a full-lifecycle support program powered by Collins’ Ascentia analytics platform, will deliver guaranteed component availability, reduced downtime and cost predictability.
India’s Larsen & Toubro wins EPC orders worth over $1 billion
In Saudi Arabia, the Power Transmission & Distribution (PT&D) business vertical of Indian multinational Larsen & Toubro (L&T) has won Engineering, Procurement and Construction (EPC) orders in the 380 kV transmission and substation segments.
GlobalFoundries to operate two Japan-funded fabs in New York
GlobalFoundries has been selected to operate two new fabs at its site in Malta, New York, financed by Japan through up to USD 21 billion under the US-Japan trade agreement. In a separate agreement, the US government will also take an equity stake of around 4% in the company.
Comrod acquires TransOpto to add optical links to its defence portfolio
Norwegian communications company Comrod has acquired TransOpto in Kristiansand, which develops wireless optical data links. The technology gives defence customers an alternative to radio communication that is harder to detect.
Bosch sets up €100 million fund for German deep-tech startups
Bosch is launching a new venture fund, Spark, which will invest EUR 100 million in German startups. The focus is on deep tech in seed and early stages.
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