What are the topics covered? There’s the Britishvolt CEO quitting, mega deals in the semiconductor industry, Honda and LG building an EV battery factory, Arm suing Qualcomm for breach of contract, and Renesas buying Steradian Semiconductors…
5. Britishvolt CEO resigns
British EV battery startup Britishvolt had announced the resignation of co-founder and CEO Orral Nadjari. A former co-founder, Britishvolt chairman Lars Carlstrom, resigned in 2020 after it was discovered he had been convicted of tax evasion in Sweden. Deputy Managing Director Graham Hoare will become interim CEO. Britishvolt has just received £100million from the government’s Automotive Transformation Fund.
4. Four mega-deals push up 2022 M&A total
After slowing significantly in the last half of 2021, the pace of mega-deals for semiconductor M&As regained momentum in the first six months of 2022, according to the August Q3 update. from IC Insights from the McClean Report service. Four big deals are supporting total semiconductor M&As in 2022, according to IC Insights, and without more of them, the value of planned acquisitions this year will likely be below the annual average. So far this year, four major deals have been announced, each worth between $1.9 billion and $9.4 billion, bringing the combined 1H22 M&A total to $20.6 billion.
3. Honda and LG to build electric vehicle battery plant in Ohio
Honda and LG Are to build a joint venture EV battery plant in Ohio, reports the Nikkei. Construction is expected to begin next year with mass production in 2025. This will be Honda’s first EV battery plant. LG also has battery manufacturing joint ventures with GM and Stellantis.
2. Arm sues Qualcomm
Yesterday Arm said he was suing Qualcomm for breach of contract. Arm’s lawsuit alleges Arm-based designs by Apple spin-off Nuvia, which was bought for $1.4 billion by Qualcomm in March, cannot be legally transferred to Qualcomm without permission of Arm. Arm says Nuvia’s Arm licenses were terminated in March. Arm granted Nuvia a technology license and an architecture license in 2019 allowing Nuvia to modify Arm off-the-shelf cores as well as design custom cores based on the Arm architecture.
1. Renesas acquires Steradian Semiconductors
Renesas acquires Steradian Semiconductors, a fabless semiconductor company based in Bengaluru, India, specializing in 4D imaging radars. The acquisition of Steradian’s radar technology will allow Renesas to expand its reach in the radar market and strengthen its automotive and industrial sensing solutions offerings. With the advancement of ADAS in the automotive market, the demand for automotive sensor fusion is increasing to enable accurate and precise detection of objects from the surroundings of vehicles by combining data from multiple sensors, such as cameras, radars and LiDARs.