Latest news with #GaN
Yahoo
2 days ago
- Business
- Yahoo
Why Navitas Followed Last Week's Monster Gain With Another This Week
Navitas rallied again this week after raising more money. Normally equity raises cause a stock to go down, so why was this one different? Navitas was able to sell stock at much higher prices on the heels of last week's Nvidia partnership announcement. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) rallied as much as 59.2% this week, before settling into a 22.2% gain through Thursday trading, according to data from S&P Global Market Intelligence. Navitas rocketed roughly 150% last week on the back of an announcement that its gallium nitride (GaN) and silicon carbide (SiC) chips would be used in Nvidia's next-generation Kyber data center infrastructure, which will house the upcoming Nvidia Rubin systems set to hit the market in 2027. This week, Navitas followed up that gain by selling stock at those newly high prices. While news of shareholder dilution is normally a negative for a stock, in this case, investors cheered the capital raise, as it now de-risks this small-cap company. On Tuesday, May 27, Navitas filed with the Securities and Exchange Commission (SEC) for an at-the-market stock sale program, in which it could sell stock to raise money on the open market through Jefferies investment bank, for up to $50 million. In the filing, Navitas also disclosed that it had exhausted its prior $50 million program. Normally, raising money through selling stock would cause a negative reaction from the market; however, it appears investors are cheering Navitas raising cash, which will extend the company's runway to when the Kyber systems will begin to be implemented. In the previous quarter, Navitas saw its revenue decline 40%, with operating losses of $25.3 million. The company also had just $75 million in cash on the balance sheet. So, raising cash at better prices appeared to de-risk the near-term outlook. When a small company inks a big partnership with Nvidia, that's a recipe for a potential boom. However, it's unclear how much revenue Navitas is going to see from this partnership, or when. After all, Navitas was just one of several power chip providers named in the Kyber effort, per Nvidia's blog. Therefore, investors interested in high-upside, high-risk situations in the artificial intelligence sector should continue to follow this story. If anything, the power demands of next-generation AI chips appear to need SiC and GaN chips in greater amounts, expanding Navitas' end market beyond electric vehicles. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Navitas Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Jefferies Financial Group and Nvidia. The Motley Fool has a disclosure policy. Why Navitas Followed Last Week's Monster Gain With Another This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gizmodo
2 days ago
- Business
- Gizmodo
This Ugreen 4-Port USB-C 65W Charger Is Now Almost Free, Amazon Clearing Stock at All-Time Low Price
Carrying a tangled mess of chargers and cables in your bag can get very annoying, especially when you have multiple devices that are trying to stay charged throughout the day. Whether you are traveling on business or just trying to stay productive at home, you know you need a dependable and flexible charging option. That's where Ugreen comes in – a brand that's established a presence for quality and innovation with charging options. Right now, Amazon is offering the premium Ugreen 65W USB-C/USB-A 4-Port charger at the lowest price ever: At only $29, which is a 30% off the list price of $42, this small but mighty charger is a no-brainer. The deal is so good that Amazon is rapidly clearing out its stock, so you need to make sure you get it before it runs out of stock. See at Amazon Perfect Charger For All Your Devices The Ugreen 65W USB-C (and USB-A) charger is a real asset if you have multiple devices you manage. Whether you are charging a MacBook Pro, iPhone, iPad, Galaxy S25 or even a Steam Deck, this charger will work. With 65W of charging power, you can charge a MacBook Air to 51% in a quick 30 minutes so it's great for a quick charge as you're heading out the door. With three USB-C ports and one USB-A port simultaneously charge four devices, so there is no need for a tangly mess of chargers littering your workspace or travel bag. This Ugreen charger uses GaN (Gallium Nitride) technology instead of traditional silicon: GaN is a smaller, more efficient and safer material than its silicon-based counterparts. Not only does GaN provide faster charging speeds, but it also has built-in overcurrent and overheating protection so your devices stay safe while charging. The foldable plug design also provides a more compact way to store the charger in your bag or pocket. With dimensions of 2.64 x 1.65 x 1.5 inches, that's small enough to fit in your hand but strong enough to withstand every day. If charging needs have you working from home, on a commute or traveling, this charger checks all the boxes as an appropriate charging solution. With folding prongs, you can use it on a desk in your office, in a hotel room, or anywhere else you need to charge devices. Plus, it works with any device that can be charged via USB, so you will never have charging compatibility concerns. Considering its price on Amazon at an all-time low, this is best deal you will find at this time. See at Amazon
Yahoo
4 days ago
- Business
- Yahoo
"Thyristor and IGCT Market to Reach USD 3.5 Billion by 2034, Driven by 5.3% CAGR Growth
Thyristor and IGCT Market Forecast (2025–2034) Luton, Bedfordshire, United Kingdom, May 29, 2025 (GLOBE NEWSWIRE) -- Market Overview The global Thyristor and IGCT market was valued at USD 2.1 billion in 2024 and is projected to reach approximately USD 3.5 billion by 2034, expanding at a CAGR of 5.3% during the forecast period (2025–2034). This growth is driven by increasing demand for high-efficiency power conversion systems, particularly in industrial automation, renewable energy systems, and electric mobility. Advancements in wide-bandgap semiconductor technologies, including silicon carbide (SiC) and gallium nitride (GaN), are redefining the efficiency and scalability of power electronics. Moreover, regulatory shifts toward carbon neutrality and sustainable energy usage continue to bolster market adoption across several verticals. Get a Sample PDF Brochure: Key Market Insights Base Year (2024) Value: USD 2.1 billion Forecast Year (2034) Value: USD 3.5 billion CAGR (2025–2034): 5.3% Largest Regional Market: Asia-Pacific (approx. 42% revenue share in 2024) Market Segmentation By Type Light Turn-Off Thyristor (LTO): ~10% share; moderate growth due to low-power use cases Integrated Gate Commutated Thyristor (IGCT): ~30% share; strong growth in industrial and renewable sectors Silicon Controlled Rectifiers (SCR): ~50% share; widely adopted, high efficiency, and broad applications Others By Application Industrial Drives: ~25% share; key growth driver via automation Power Electronics: ~20% share; essential for power conversion efficiency Railway Traction Systems: ~15% share; supported by transport electrification Renewable Energy Systems: ~10% share; rising demand from wind and solar Servo Motor Drives, Others By Voltage Rating Low Voltage (up to 1 kV): ~40% share; suitable for small-scale commercial setups Medium Voltage (1 kV–72 kV): ~35% share; robust industrial and infrastructure demand High Voltage (above 72 kV): ~25% share; utilities and grid-level applications By End-User Energy & Power: ~30% share; significant applications in smart grids and renewables Manufacturing: ~20% share; driven by Industry 4.0 Automotive: ~15% share; electric vehicle integration Transportation, Telecom, Others By Technology Silicon-Based Devices: Dominant due to maturity and cost-effectiveness Silicon Carbide (SiC): Rapidly growing due to superior performance in high-temperature and high-voltage environments By Distribution Channel Online Offline Regional Analysis Asia-Pacific Market Share: ~42% in 2024 Key Countries: China, Japan, India, South Korea Growth Factors: Government renewable initiatives, expanding industrial base, strong EV market North America Growth Drivers: Investments in grid modernization and EV infrastructure Key Countries: U.S., Canada Europe Focus Areas: Green energy transition, railway electrification Notable Countries: Germany, France, UK Latin America, Middle East & Africa Emerging Opportunities: Infrastructure expansion, renewable projects, energy efficiency mandates Buy Now : Market Dynamics Growth Drivers Rising Demand for Power Efficiency With energy costs rising and sustainability becoming a priority, industries are shifting toward power-efficient technologies. Thyristors and IGCTs offer high switching efficiency, low conduction losses, and robust reliability, making them essential for industries such as steel, cement, and chemical manufacturing. These devices help reduce energy waste in power conversion and distribution systems, aligning with industrial goals for optimized energy management and cost savings. Renewable Energy Integration The global shift toward solar and wind power has increased the need for advanced power control devices capable of handling variable input loads and grid fluctuations. Thyristors and IGCTs are critical components in inverters, HVDC converters, and reactive power compensation systems, enabling seamless integration of renewable energy sources into conventional grids. Advances in Semiconductor Materials (SiC and GaN) The development of silicon carbide (SiC) and gallium nitride (GaN) semiconductors is revolutionizing power electronics by offering higher thermal conductivity, faster switching speeds, and lower power losses. These advanced materials are being increasingly used in the design of thyristors and IGCTs, significantly improving the efficiency and performance of devices across demanding applications like electric vehicles, industrial drives, and grid management systems. Electrification of Transport The rapid rise in electric vehicle (EV) adoption is driving demand for high-efficiency, high-power control components. Thyristors and IGCTs are used in EV inverters, on-board chargers, and DC fast-charging stations. Additionally, these components are essential in railway traction systems and aerospace electrification, further broadening their application scope. Government Regulations & Carbon Reduction Goals Governments worldwide are enforcing stringent energy-efficiency regulations and net-zero carbon targets, pushing industrial and utility sectors to adopt advanced power electronics. Policies such as the European Green Deal, India's Renewable Energy Mission, and China's dual-carbon goals are directly boosting investment in IGCT- and thyristor-based systems for grid stability and energy savings. Market Restraints High Upfront Costs Transitioning from legacy systems to modern IGCT and advanced thyristor technologies involves significant capital investments, including cost-intensive components, design complexity, and new system architectures. This cost barrier is particularly challenging for small-to-mid-sized enterprises (SMEs) in emerging markets. Supply Chain Disruptions The market has been affected by ongoing geopolitical tensions, raw material shortages, and logistical constraints, particularly for semiconductor materials and manufacturing equipment. These disruptions have led to increased lead times, component shortages, and pricing volatility, especially for high-voltage and precision-engineered devices. Regulatory Complexity Compliance with regional standards (such as IEC, UL, RoHS, and REACH) varies across geographies, complicating product development and market entry. Manufacturers must invest in local testing, certification, and documentation processes, adding to operational costs and delaying time-to-market. Browse full Report - Opportunities & Trends Electric Vehicles (EVs) EV growth presents a major opportunity for thyristor and IGCT manufacturers. These devices are essential in powertrain control, battery management, and charging infrastructure. The global push toward zero-emission transport is expected to drive significant demand for compact, high-efficiency power control solutions. Smart Grids With aging infrastructure and rising energy demand, many regions are investing in smart grid technologies. Thyristors and IGCTs enable critical grid functionalities such as load balancing, fault management, and real-time control. These technologies are integral to microgrids, distributed energy systems, and hybrid grid solutions, creating strong growth potential. Digitalization of Manufacturing The rise of Industry 4.0 and IoT-driven automation requires reliable, high-speed switching and control in motor drives, robotics, and machine tools. Thyristors and IGCTs offer robust performance in harsh industrial environments, making them vital to the digital transformation of manufacturing ecosystems. Strategic Partnerships & R&D Collaborations Leading players are increasingly forming alliances for joint product development, material innovation, and regional market penetration. Collaborations between semiconductor firms and system integrators are accelerating the development of customized, high-efficiency power modules tailored to next-generation applications in energy, automotive, and industry. Competitive Landscape Key Players ABB Ltd. Siemens AG General Electric Company Mitsubishi Electric Corporation Schneider Electric SE Hitachi, Ltd. Infineon Technologies AG STMicroelectronics N.V. ON Semiconductor Corporation Vishay Intertechnology, Inc. Texas Instruments Inc. ROHM Semiconductor NXP Semiconductors N.V. Toshiba Corporation Semikron International GmbH Recent Developments: 1. ABB Ltd. Development: In April 2024, ABB launched its new IGCT-based high-power converter system for industrial drive applications and renewable energy integration. This solution supports medium-voltage motors with greater energy efficiency and reliability, designed specifically for use in solar and wind energy farms. Strategic Impact: This development strengthens ABB's foothold in green energy and sustainable automation, aligning with global decarbonization goals. It also reinforces its leadership in the medium-voltage control systems market. 2. Infineon Technologies AG Development: In December 2023, Infineon introduced its latest generation of silicon-controlled rectifiers (SCRs) and SiC-based thyristors, under the CoolSiC™ brand. These devices are optimized for EV inverters, fast-charging stations, and power grid systems. Strategic Impact: The integration of SiC technology allows higher efficiency at elevated temperatures and voltage levels, giving Infineon a competitive edge in high-performance applications and helping it penetrate deeper into the electric mobility and smart grid sectors. 3. Mitsubishi Electric Corporation Development: In February 2024, Mitsubishi Electric unveiled a new 3.3 kV IGCT module aimed at railway traction and industrial automation systems. The company also expanded its production capacity in Fukuoka, Japan, to meet rising demand in Asia and Europe. Strategic Impact: This move addresses growing global needs for high-voltage, high-reliability switching devices. The capacity expansion enhances Mitsubishi's ability to serve OEMs in the transport and infrastructure sectors, particularly in Europe and India. 4. STMicroelectronics Development: In May 2024, STMicroelectronics formed a joint development partnership with Schneider Electric to co-develop thyristor-based AC power controllers for smart industrial grids and energy storage systems. The collaboration includes work on digital twin simulations and integrated power modules. Strategic Impact: This partnership boosts STMicroelectronics' exposure to industrial and energy sector applications, creating smart, scalable solutions for grid stability and efficiency. It also highlights the company's focus on co-innovation in sustainable energy. 5. Siemens AG Development: In August 2023, Siemens introduced its new HVDC (High Voltage Direct Current) transmission modules embedded with IGCT-based protection systems. The solution was deployed in the Brahmaputra River power project in India as part of a government-led renewable energy expansion. Strategic Impact: This development strengthens Siemens' position in the power transmission and grid modernization segment. By integrating IGCTs, the system benefits from higher switching capabilities, longer lifespans, and improved performance in harsh environments. This report is also available in the following languages : Japanese (サイリスタIGCT市場), Korean (사이리스터 IGCT 시장), Chinese (晶闸管IGCT市场), French (Marché des IGCT à thyristors), German (Thyristor-IGCT-Markt), and Italian (Mercato dei tiristori IGCT), etc. Get a Sample PDF Brochure: More Research Finding – TCR Static Var Compensator SVC MarketThe global TCR Static Var Compensator (SVC) market is estimated to reach a value of approximately $2.1 billion in 2024, driven by the rising demand for voltage stability and power quality in electrical systems. The market is expected to witness substantial growth, projected to reach around $4.5 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of about 8.1% during the forecast period from 2025 to FACTS Devices MarketThe global market for FACTS (Flexible AC Transmission Systems) devices is valued at approximately $4.5 billion in 2024, with a projected market value of around $6.8 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of about 4.3% during the forecast period from 2025 to Semiconductor Discrete Devices MarketThe global market for semiconductor discrete devices is valued at approximately $25 billion in 2024, with projections indicating a robust growth trajectory that could elevate the market to around $39 billion by 2034. This translates to a Compound Annual Growth Rate (CAGR) of approximately 4.7% during the period from 2025 to Zinc Oxide Surge Arresters MarketThe global zinc oxide surge arresters market is valued at approximately $1.2 billion in 2024, driven by the increasing demand for efficient electrical protection in various industries, particularly in renewable energy and telecommunications. As electrification expands and infrastructure upgrades proliferate, the market is projected to reach around $2 billion by 2034, reflecting a robust growth High Current Rectifier MarketThe global High Current Rectifier market is poised for significant growth, valued at approximately $2.5 billion in 2024, with projections indicating an escalation to around $4.8 billion by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period from 2025 to Thyristor Protectors MarketThe global thyristor protectors market is valued at approximately $1.2 billion in 2024, with projections indicating a growth trajectory that could elevate the market value to around $2.1 billion by 2034. This reflects a robust Compound Annual Growth Rate (CAGR) of about 6% during the forecast period from 2025 to Thyristor Rectifier Electric Locomotive MarketThe global market for thyristor rectifier electric locomotives is valued at approximately $3 billion in 2024, reflecting a growing interest in electrification and more efficient rail systems. The market is projected to reach around $4.6 billion by 2034, with a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2025 to Thyristor MarketThe global thyristor market is estimated to reach approximately $5.8 billion in 2024, benefiting from strong demand across power electronics and industrial applications. The market is projected to experience robust growth, with an anticipated value of around $9.9 billion by 2034, representing a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period from 2025 to Thyristor Electric Power Controller MarketThe global Thyristor Electric Power Controller market is valued at approximately $2.5 billion in 2024, driven by increasing demand for energy-efficient power management systems across various industries. The market is projected to expand significantly, reaching an estimated value of $5 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period from 2025 to High Power Thyristors MarketThe high-power thyristor market is poised for substantial growth, with an estimated market value of approximately $2.5 billion in 2024. Projections indicate a robust growth trajectory, anticipating a market value reaching around $4.1 billion by 2034. This growth translates to a Compound Annual Growth Rate (CAGR) of about 5.2% during the forecast period from 2025 to Power Semiconductor MarketThe power semiconductor market is expected to grow at 6.30% CAGR from 2022 to 2029. It is expected to reach above USD 97.33 billion by 2029 from USD 59.7 billion in GaN Epitaxial MarketThe GaN (Gallium Nitride) epitaxial market is valued at approximately $1.2 billion in 2024, with expectations to reach around $3.5 billion by 2034. This growth translates to a Compound Annual Growth Rate (CAGR) of approximately 11.6% during the forecast period from 2025 to SiC Based Power Electronics MarketThe global market for silicon carbide (SiC) based power electronics is valued at approximately $3.5 billion, with strong growth prospects driven by rising demand in electric vehicles (EVs), renewable energy systems, and efficient power management solutions. The market is projected to reach around $12 billion by 2034, reflecting a robust compound annual growth rate (CAGR) of approximately 13.4% during the forecast period of 2025 to High-purity Silicon Carbide Powder for Wafer MarketThe global high-purity silicon carbide (SiC) powder market is poised for substantial growth, with an estimated market value of approximately $1.2 billion in 2024. The market is projected to reach around $2.8 billion by 2034, reflecting robust demand driven by advancements in semiconductor technology, particularly in electric vehicles (EVs) and renewable energy Submount Heatspreader MarketThe global submount (heatspreader) market is estimated to reach a value of approximately $3.5 billion in 2024. This growth is largely driven by increasing demands in electronics, especially in semiconductor and advanced packaging applications. For the forecast period from 2025 to 2034, the market is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 7.5%, indicating a projected market value of around $6.5 billion by GaN HEMT Epitaxial Wafer MarketThe global Gallium Nitride High Electron Mobility Transistor (GaN HEMT) epitaxial wafer market is valued at approximately $1.5 billion in 2024. Forecasts indicate a robust growth trajectory, with a projected market value reaching around $4.5 billion by 2034. This growth translates to a compound annual growth rate (CAGR) of about 13.8% during the forecast period from 2025 to Electric Components for New Energy Vehicle MarketThe global electric components market for new energy vehicles (NEVs) is projected to be valued at approximately $160 billion in 2024. The market is expected to experience significant growth over the forecast period of 2025 to 2034, reaching an estimated value of $380 billion by 2034. This expansion corresponds to a robust Compound Annual Growth Rate (CAGR) of about 9% during this GaN on Diamond Semiconductor Substrates MarketThe global Gallium Nitride (GaN) on Diamond semiconductor substrates market is valued at approximately $120 million in 2024 and is projected to reach around $350 million by 2034. This represents a Compound Annual Growth Rate (CAGR) of about 11.2% for the forecast period from 2025 to Industrial Electronics MarketThe global industrial electronics market is poised to reach a value of approximately $1.2 trillion in 2024, driven by the increasing adoption of automation and smart technologies across various sectors. Over the forecast period from 2025 to 2034, the market is projected to exhibit robust growth, anticipating a value of around $1.9 trillion by 2034. This translates to a Compound Annual Growth Rate (CAGR) of about 5.5%, reflecting a steady demand for advanced industrial Epitaxy Deposition MarketThe global epitaxy deposition market is poised for significant growth in 2024, with an estimated market value of USD 8.2 billion. This expansion is propelled by increasing demand for semiconductor devices and advancements in LED technologies. As industries prioritize innovations in material science and nanotechnology, the market is projected to reach approximately USD 15.5 billion by 2034, demonstrating a robust Compound Annual Growth Rate (CAGR) of 7% over the forecast period from 2025 to CONTACT: Contact Data Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
4 days ago
- Automotive
- New Straits Times
MPI shares tumble 10 pct in a week amid Wolfspeed bankruptcy concerns
KUALA LUMPUR: Shares of Malaysian Pacific Industries Bhd (MPI) slid about 10 per cent over the past week to close near RM18.00, amid reports that key silicon carbide (SiC) customer Wolfspeed Inc. may be preparing to file for Chapter 11 bankruptcy protection, said CIMB Securities Sdn Bhd. The reports, first published by Reuters and The Wall Street Journal, suggest that Wolfspeed is seeking to restructure its debts under court supervision while maintaining operations. This development sparked market concerns over possible supply chain disruptions for MPI. Despite the market jitters, CIMB noted that, based on its channel checks, MPI is still receiving SiC wafer volume loadings from Wolfspeed, indicating no immediate supply disruptions. "We believe the impact on MPI would be limited, as Wolfspeed is estimated to account for less than 5 to 6 per cent of the group's FY6/24 revenue. Importantly, MPI appears to have the operational flexibility to mitigate any potential fallout, with the option to reallocate floor space to other customers, such as Infineon, to support the ongoing ramp-up of new power module packaging at its Carsem S-site facility." This strategy, CIMB added, should help cushion MPI from any delays in Wolfspeed's restructuring process. The firm has reiterated its 'Buy' rating on MPI with an unchanged target price of RM30.00, based on a 25x CY26F P/E, which is two standard deviations below the OSAT sector's mean. "We continue to favour MPI for its unique SiC and gallium nitride (GaN) exposure and favour it as a proxy for the growing demand for power semiconductors in data centres. The group also has a strong balance sheet with a net cash position of RM990 million (RM4.72/share) as of end-Mar 2025," the research house said. CIMB Securities has pointed out several reasons why Malaysian Pacific Industries Bhd (MPI) could see its value increase, such as a quicker recovery at Carsem Suzhou (CSZ), gaining new customers and designs in the fast-growing SiC and GaN areas, a faster bounce back in the automotive and electric vehicle (EV) markets, and the chance of a bigger dividend payout. However, the research house cautioned that downside risks remain, particularly a slower sector recovery, delays in new capacity expansions, and unfavourable currency movements, especially if the ringgit continues to strengthen against the US dollar. In its latest quarterly update, MPI reported a 2 per cent quarter-on-quarter (QoQ) dip in revenue for 3QFY6/25, primarily due to sales contractions in Asia (-5.7 per cent) and Europe (-7.4 per cent). This decline was partially offset by a robust 23.5 per cent QoQ rebound in US sales, driven by sustained demand for power packaging solutions at Carsem Malaysia (CSM). The company's operational strength was further reflected in a 20 per cent rise in minority interest expense, indicating stronger performance at CSM. For the nine-month period ended FY25 (9MFY25), MPI's revenue in US dollar terms grew 5.5 per cent year-on-year (YoY) to US$354 million, supported by improved contributions from Asia and Europe. However, in Ringgit Malaysia terms, revenue growth was modest at 0.3 per cent YoY, held back by foreign exchange losses stemming from the ringgit's appreciation. This led to a realised forex loss of RM16.9 million during the period. Despite these currency headwinds, MPI delivered a 35 per cent YoY surge in net profit to RM110 million, largely driven by the turnaround at CSZ, a testament to the group's resilience and operational agility in navigating a volatile macroeconomic environment.
Time of India
5 days ago
- Automotive
- Time of India
Ather Energy ties up with South Korean company Infineon Technologies
CHENNAI: Electric two-wheeler maker Ather Energy and South Korean semiconductor solutions major Infineon Technologies have signed a memorandum of understanding (MoU) in Seoul. The collaboration will focus on semiconductor technologies to support light electric vehicles (LEVs), charging infrastructure and safety, said the company in a statement. 'The partnership aims to leverage semiconductor solutions from Infineon based on various technologies, microcontrollers and automotive related sensors, alongside Ather's expertise in designing light EVs,' it added. Swapnil Jain, executive director and CTO, Ather Energy, said, 'Our partnership with Infineon gives us access to technologies that can help us improve key systems, from charging to safety and explore ways to reduce system complexity and cost.' Peter Schaefer, executive VP and chief sales officer-automotive at Infineon, 'India is one of the fastest-growing EV markets globally, and our SiC and GaN technologies will help drive energy-efficient and high-performance electric vehicles.' The collaboration will explore sensing and safety innovations to improve vehicle safety, charging speed, system reliability among other features. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
