CANADA > Swiss engineering firm ABB to invest $90-million in Canada

ABB_logo.svg Swiss engineering firm ABB (ASEA Brown Boveri) to invest $90Mn in Montréal, Canada for North American headquarter along with Research and development facility. Thus it will create 700 jobs when the facility opens later in 2017. ABB currently employs around 4,500 Canadians across 50 locations in the country.   About ABB ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland, operating More …

USA > Tokyo based TDK Corporation to acquire InvenSense for $1.3bn

TDK_logo.svg Tokyo based TDK Corporation to acquire InvenSense for $1.3bn. The deal was struck after TDK agreed to buy all outstanding shares of InvenSense for $13.00 per share. TDK also produces different types sensors so InvenSense deal was a strategic buy to expand its portfolio and expertise moving forward. The all-cash deal is still subject to approval by InvenSense shareholders and More …

USA > Samsung Electronics to invest $1 billion in chip production in its Texas facility

samsung_logo-2 South Korean Samsung Electronics plans to invest more than $1 billion in chip production in its Austin, Texas facility by the end of June 2017. The company said, since the inception of Austin facility in 1997, it has already invested more than $16 billion. With the investment Samsung plans to hire 250-500 new staff. The Austin facility currently has 2.3 More …