Tesla sealed a $557 million deal on Friday to construct its first grid-scale battery storage station in Shanghai, Yicai reported, bolstering its energy division’s footprint in China. The agreement, signed with China Kangfu International Leasing Co. and Shanghai’s local government, comes on the heels of Tesla launching production at its Shanghai battery megafactory in February. This investment highlights Tesla’s aggressive expansion into the lucrative energy storage market.

LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant’s alliance with the world’s largest automaker, Toyota Motor Corp., in the electric vehicle (EV) sector.

LG Energy Solution on Thursday announced that the JV, called Green Metals Battery Innovations LLC (GMBI), will dismantle and shred battery production scrap to extract black mass, which contains valuable raw metals, such as nickel, cobalt and lithium.

Samsung SDI announced Wednesday that it has signed a deal with Tesvolt, a leading German manufacturer specializing in commercial energy storage systems (ESS), to supply its all-in-one battery solution, the Samsung Battery Box (SBB).

The company will deliver SBB to Tesvolt by the end of this month. Tesvolt will then integrate the batteries with its own power conversion systems and advanced cybersecurity features to create and provide its own ESS solution for customers.

LONDON--(BUSINESS WIRE)-- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has reached an agreement with Alphawave IP Group plc (AWE.L) (“Alphawave Semi”) regarding the terms and conditions of a recommended acquisition by Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm Incorporated, for the entire issued and to be issued ordinary share capital of Alphawave Semi at an implied enterprise value of approximately US$2.4 billion.

Qualcomm Incorporated announced today that its subsidiary, Qualcomm Technologies, Inc., has completed the acquisition of Autotalks, an industry leader in direct vehicle-to-everything (V2X) communication solutions. V2X technologies, which enable communication between vehicles and their surroundings, have become increasingly critical for enhancing road safety and transportation efficiency. Through this acquisition, automakers and the broader ecosystem will gain access to a comprehensive portfolio of production-ready, automotive-qualified global V2X solutions for deploying in roadside infrastructure, vehicles, as well as 2-wheelers. These solutions are designed to enable direct communication to help address current safety and efficiency problems and to enhance development of advanced safety features and premium experiences in assisted and automated driving for next-generation vehicles.

MALTA, N.Y., June 4, 2025 – GlobalFoundries (Nasdaq: GFS) (GF), working with the Trump Administration and with support from leading technology companies aiming to onshore critical components of their supply chain, today announced plans to invest $16 billion to expand its semiconductor manufacturing and advanced packaging capabilities across its facilities in New York and Vermont. GF’s investment is a strategic response to the explosive growth in artificial intelligence, which is accelerating demand for next-generation semiconductors designed for power efficiency and high-bandwidth performance across datacenters, communications infrastructure and AI-enabled devices.

SINGAPORE - Singapore mainboard-listed semiconductor maker Frencken will invest $63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit.

The new site will be built on a plot of land leased by JTC Corporation to its subsidiary ETLA for a period of 33 years, from Aug 18, 2025, the group said in a bourse filing on June 3.

The new facility will “lay a stronger foundation” for the company to continue to expand its mechatronics business in Singapore, and will expand its production resources to support existing and new programmes, as well as strengthen its position with key customers in the coming years, it added.

Dublin, June 03, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific HVAC Market Report and Forecast 2025-2034" has been added to ResearchAndMarkets.com's offering.

According to recent findings, the Asia-Pacific HVAC market size is poised to expand at a CAGR of 7.2% between 2025 and 2034.

This growth is largely fueled by the rising demand for energy-efficient systems and the proliferation of construction activities. As populations increase and urban spaces expand, countries like China, India, Japan, and other Southeast Asian nations are driving significant adoption of HVAC solutions. The intensified push for eco-friendly systems is a response to the growing awareness around energy efficiency and reduced greenhouse gas emissions.

As part of Air Liquide's comprehensive Carrier Gas solution, this state-of-the-art plant is designed to deliver ultra-high purity gases with an optimised footprint and best-in-class energy efficiency, providing exceptional value to VSMC by enhancing both reliability and efficiency.

Strategically located within the Tampines Wafer Fab Park, one of Singapore’s four key wafer fabrication hubs, the new facility will bolster Singapore’s position as a global semiconductor powerhouse. With the semiconductor industry accounting for more than 20% of the country’s manufacturing output, this investment reflects Air Liquide’s dedication to supporting Singapore’s industrial and economic growth.

In response to the rapid changes in the semiconductor industry, Air Liquide is investing substantially in major semiconductor hubs to meet the increasing demand for energy-efficient chips. This new production plant is set to commence operations in 2026, further strengthening Air Liquide's presence and long-term commitment in the region.

Last week, we welcomed the Enosemi team to AMD, marking the next key step in our rapidly evolving AI strategy. Enosemi has collaborated with us as an external development partner on photonics, and this acquisition extends that successful relationship. Now as part of AMD, the team will help us immediately scale our ability to support and develop a variety of photonics and co-packaged optics solutions across next-gen AI systems.

The elite team of experts and PhD-level talent at Enosemi, based in Silicon Valley, has a proven track record of building and shipping photonic integrated circuits in volume, a unique feat that few select teams have accomplished. Their depth of experience, technical rigor, and track record of execution make them an ideal fit for AMD as we push deeper into high-performance interconnect innovation.