Mitsubishi Electric to Transfer Distribution Transformer Business to Hitachi Industrial Equipment Systems

Mitsubishi Electric announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses.

US Government Announces Preliminary Terms for Up to $6.6 Billion in Proposed TSMC Investment

The U.S. Department of Commerce and TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.6 billion in direct funding as TSMC Investment under the CHIPS and Science Act.
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