Northvolt raises $1.1 billion to support factory rollout plans in Europe
Northvolt announced the signing of a $1.1 billion convertible note to finance its expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries. Investors participating in the capital raise were AMF, AP funds 1-4 (via the co-owned company 4 to 1 Investments), ATP, Ava Investors, Baillie Gifford, […]
Global Semiconductor Sales Increase 18.0% Year-to-Year, 1.8% Month-to-Month in May
Sales into the Americas increase 36.9% year-to-year to lead all regional markets WASHINGTON—The Semiconductor Industry Association (SIA) announced global semiconductor industry sales were $51.8 billion in the month of May 2022, an increase of 18.0% over the May 2021 total of $43.9 billion and 1.8% more than the April 2022 total of $50.9 billion. Monthly […]