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SEMI forecasts global chip industry to invest >$500B in new factories by 2024; automotive and HPC

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The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing (HPC) fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report.

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Evonik investing in fumed aluminum oxide production plant expansion in Japan for battery applications

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Evonik is investing in a production plant expansion for fumed aluminum oxide at its site in Yokkaichi, Japan. By the investment in this Next Generation Solutions, Evonik supports the battery industry and customer growth particular in Asia by providing more sustainable and highly-innovative solutions.

Japan 243
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MP Materials and Sumitomo to strengthen rare earth supply in Japan

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and Sumitomo Corporation announced an agreement to diversify and strengthen rare earth supplies in Japan. The effort to electrify and decarbonize the global economy is causing demand for rare earths to grow rapidly, outpacing new supply. SC has a long history in the rare earth industry. US-based MP Materials Corp.

Japan 225
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SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

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SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.

Emissions 397
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FREYR Battery opens technology resources campus and business unit in Japan

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FREYR Battery, a developer of clean, next-generation battery cell production capacity, has established a technology resources campus and business unit in Japan. Japan is a global center for battery development, and consequently home to some of the most experienced and capable lithium-ion battery cell experts in the world.

Japan 150
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Global geothermal industry passes 12,000 MW operational

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The global geothermal industry surpassed 12,000 MW of geothermal power operational, with about 600 MW of new geothermal power coming online globally, according to a year-end update by the Geothermal Energy Association (GEA).

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US, Canada, Japan, Netherlands, and EC launch new hydrogen initiative

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At the 10th Clean Energy Ministerial (CEM10) meeting, a new international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries. Enabling deployment of hydrogen technologies in transport (e.g