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SEMI report shows that global 300mm fab equipment spending will rise greatly by 2026

Canadian Manufacturing

300mm Fab Equipment Spending MILPITAS — Global 300mm fab equipment spending for front-end facilities next year is expected to begin a growth streak to a US$119 billion record high in 2026 following a decline in 2023, SEMI highlighted on Jun. 13 in its quarterly 300mm Fab Outlook Report to 2026. billion in 2026.

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Semiconductor market will reach an all-time high in 2026, says SEMI

Canadian Manufacturing

million wafers per month (wpm) in 2026, SEMI said in its 300mm Fab Outlook to 2026 report. “The foundry, memory and power sectors will be major drivers of the new record capacity increase expected in 2026.” The companies are planning 82 new facilities and lines to start operations from 2023 to 2026.

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Magna awarded contract by INEOS Automotive for manufacturing of electric vehicle

Canadian Manufacturing

Magna started working with INEOS Automotive in 2018 on complete vehicle engineering services ahead of the launch of the company’s first 4X4, the Grenadier. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle.

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

This required percentage share will increase from 40% to 50% in 2024, 60% in 2025, 70% in 2026, and 80% in 2027. Like the mineral sourcing requirement, the required share of battery pack content will also progressively increase: 60% in 2024 and 2025, 70% in 2026, 80% in 2027, 90% in 2028, to finally 100% in 2029.

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Federal government announces the finalization of its ‘Electric Vehicle Availability Standard’

Canadian Manufacturing

The Standard complements additional actions underway by the federal government to develop a robust electric vehicle supply chain and infrastructure that creates good, middle-class jobs and ensures a cleaner, safer environment.

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Combining Regional Production and Supply with Digital Maturity Boosts Resiliency, Accenture Report Shows

Dinesh Mishra

in the next three years to digitize, automate, and relocate supply and production facilities NEW DELHI; Dec. By 2026, 63% of companies in India intend to buy most key items from regional suppliers, up from 34% today. billion in 2026, according to the report. Companies in India to increase investments by nearly 3.5x Visibility.

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Ford Motor company’s Bécancour, QC battery plant investment welcome says Unifor

Canadian Manufacturing

. “Ford’s investment announcement in Bécancour is an important step towards the reestablishment of a stronger and more sustainable automotive industry in Quebec and Canada,” said Lana Payne, Unifor National President.