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More details revealed of VW-Brose interiors JV


The JV will develop and make seat components, complete seats and related interior components.
VW and Brose will each hold a 50% share in the new business which currently employs 5,200 at six locations in Germany, Poland and China and generates EUR1.4bn in sales a year.
The JV plans to double volume to meet its own needs and become an independent supplier to other carmakers. Brose executive vice president Thomas Spangler will be CEO.
The deal is expected to boost Brose Group revenue to EUR9.7bn by 2025 and increase workforce to 34,000 people.
A comprehensive agreement has now been signed.
The two companies expect the JV will likely receive antitrust law approval in the second half of 2021 . ....

Thomas Spangler , Brose Sitech , Brose Group , தாமஸ் ஸ்பன்கிலேர் , ப்ரோஸ் குழு ,

Chip sales up 15% as leaders focus on government subsidies


Apr 5, 2021 10:48am
The Semiconductor Industry Association released a study showing that 75% of the world s chip production capacity is based in China and East Asia, areas exposed to seismic activity and geopolitical tensions. (Intel)
Semiconductor sales globally surged nearly 15% in February compared to a year ago, reaching nearly $40 billion, the Semiconductor Industry Association reported on Monday.
The results could provide a bright spot for industries heavily dependent on chips for electronics, including parts used in autos that have faced shortages.
The February total was down by 1% from the previous month, however. In the Americas, sales in February declined more, nearly 6% compared to January. ....

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