As automobiles increase in electrification and digitalization, from electric drive trains to immersive infotainment systems in the cockpit, Chinese semiconductor company Novosense is stepping forward with the development of new chip solutions including magnetic current […]
Spurred by the global growh of automakers Hyundai and Kia, and now riding alongside Korean steel maker Posco International, Star Group of Korea is rising in prominence as a leading magnet manufacturer in Asia – […]
Holding big new orders from automakers for permanent magnets and planning to build a globally integrated enterprise for magnet and motor component manufacturing, Korean steelmaker Posco International announced on March 18 that it has successfully […]
Sinomag Technology, one of China’s largest producers of permanent magnet ferrite and soft magnetic products, has begun a new expansion to its sprawling production base and, also, recently received a key supplier award from Bosch. […]
Kendrion has opened a new factory in Suzhou that becomes its largest production site worldwide as the company aims to boost its revenue from China to €100 million by 2025. The plant will produce the […]
With accolades for its new Nexlim, which it calls “the world’s thinnest magnetic component”, and the recent development of its “eco magnet”, Korean materials and components company LG Innotek is making impressive headway in challenging the dominance of companies in China and Japan for leadership of innovation in fundamental magnetics technology. […]
Amidst rising demand for rare earth minerals to supply magnets for manufacturers of motors for electric vehicles and for wind turbines, Japan has committed another AUDS$200 million to Australian producer Lynas Rare Earths for a favored supply chain. The latest tranche, worth about US $135 million, brings total commitment up to about US$400 million. […]
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