Dresden to become semiconductor powerhouse: EU approves massive €5bn funding

Dresden to become semiconductor powerhouse: EU approves massive €5bn funding

The European Commission has endorsed a €5 billion state aid measure for the European Semiconductor Manufacturing Company (ESMC), facilitating the establishment of a major semiconductor manufacturing plant in Dresden, Germany. This significant investment marks a pivotal step in strengthening Europe’s semiconductor production capabilities and aligns with the strategic objectives of the European Chips Act. The […]

Bosch’s biggest move yet: $8bn deal for Johnson Controls-Hitachi HVAC business

Bosch’s biggest move yet: $8bn deal for Johnson Controls-Hitachi HVAC business

In a landmark transaction poised to reshape the global HVAC market, Bosch, the technology and services giant, has announced the acquisition of the HVAC solutions business from Johnson Controls and Hitachi. This strategic acquisition will significantly expand Bosch’s presence in the residential and light commercial HVAC sectors and marks the largest deal in the company’s […]