The European Commission, the European Union’s primary executive arm, has approved Germany’s plan to invest $5.6 billion in the European Semiconductor Manufacturing Company’s effort to build a microchip facility in Dresden. According to the EC, the large-scale manufacturing plant will produce high-performance chips based on 300 mm silicon wafers that improve performance while reducing total...
Category: Investment Security
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UK Awards 7 Research Contracts to Improve Nuclear Decommissioning Work
The United Kingdom’s Nuclear Decommissioning Authority has awarded $39 million in grants to develop new, safe and cost-effective nuclear decommissioning techniques. Seven consortiums who received the funding are studying three areas: supporting the academic research community to improve skills in the nuclear decommissioning sector, promoting research in radioactive waste management and decommissioning techniques, and igniting...
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Updated CFIUS Website Provides Detailed Information on Foreign Investment-Related Penalties
Data from the newly updated website of the Committee on Foreign Investment in the United States showed that the civil monetary penalties imposed by the interagency committee increased threefold in 2023 and 2024 compared to previous penalty actions it has enforced since its establishment. Each penalty action listed on the website contains detailed information describing...
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Rheinmetall Seeks to Boost US Market Presence With Loc Performance Purchase
Rheinmetall has bared plans to acquire Loc Performance, a Plymouth, Michigan-based manufacturer of components for military and civilian vehicles, to strengthen the German arms producer’s U.S. market presence. The company said the acquisition price will be based on Loc Performance’s enterprise value of $950 million. According to Rheinmetall CEO Armin Papperger, the move, subject to...
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Northrop Grumman Taps Genohco for Hardware Support to South Korea’s Mine Countermeasures Project; Janice Zilch Quoted
Northrop Grumman is securing from defense and aerospace communications company Genohco the hardware components for South Korea’s mine countermeasures helicopter program. The hardware supply, set through a recently signed memorandum of understanding between the two companies, supports Northrop’s 2023 contract with Korea Aerospace Industries to deliver airborne laser mine detection systems to South Korea’s KMCH...
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Oracle Expands Mideast Footprint, Opens New Public Cloud Region in Riyadh
Oracle has launched a second public cloud region in Saudi Arabia, part of the company’s $1.5 billion investment to help advance the kingdom’s cloud infrastructure and artificial intelligence-based economy. The Austin, Texas-based cloud services provider, which already operates a public cloud region in Jeddah, added the new center in Riyadh, with plans to set up...
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US Offers $450M Grant to Help SK hynix Build Memory Packaging Fab in Indiana
The U.S. Department of Commerce and Korean chipmaker SK hynix have reached a preliminary agreement of up to $450 million in proposed federal incentives to support the company’s construction of an advanced packaging and research plant in Indiana. The new building at the Purdue Research Park in West Lafayette will house a production line capable...
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Canada, US Advance Negotiations on Space Launch Technology Safety; François-Philippe Champagne Quoted
Canada has concluded substantive negotiations on the Technology Safeguards Agreement with the United States, which will benefit the local commercial space launch industry. In bilateral talks, the two nations made significant advancements in the legalities and technicalities to be integrated into the TSA. Once signed, the agreement would provide Canadian companies access to U.S. space...
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US Extends $500M Package to Aid Philippine Military’s Maritime Modernization; Lloyd Austin Quoted
The United States said a $500 million package under the Foreign Military Financing program is in the works to aid the Philippines in advancing its intelligence, surveillance and reconnaissance capabilities for maritime domain awareness. Defense Secretarty Lloyd Austin was in Manila alongside State Secretary Antony Blinken in late July to announce the measure. According to Philippine...
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Accenture to Enhance Fiber, Mobile 5G Network Engineering Services With FiberMind Acquisition
Accenture has acquired Italian network services company Fibermind in a bid to enhance its fiber and mobile 5G network engineering services for customers. The acquisition was completed six weeks after Accenture announced its intent to buy Fibermind, which has over two decades of experience serving customers in the public and private sectors and established client...