Finance

The Royal Academy of Engineering’s Enterprise Hub will provide funding, mentoring and support to four businesses spun out of UK universities. The four are: Dr Matthew Murray, University of Leeds, Ultramatis anti-counterfeiting implantation Dr George Frodsham, University College London, MediSieve magnetic haemofiltration for malaria Dr Peiman Hosseini, University of Oxford, materials for wearable displays Bethan Wolfenden and Philipp Boeing, University ...

UK-based electronics manufacturers are losing business to competitors in Europe due to the UK’s export controls process, according to a report by techUK published by the Department for Business Innovation and Skills (BIS). All but one company surveyed by techUK said that the enforcement regime in the UK has a negative impact upon their export business compared to similar companies or ...

Sales of optoelectronics, sensors, actuators and discrete semiconductors collectively increased 9% to $63.8 billion in 2014, after rising just 1% in 2012 and 2013, according to IC Insights.

Wafer supplier IQE had 2014 revenues of £112 million with H2 revenues of £60m up 15% from H1.

Display and display processor firm AndersDX has opened a new HQ in Camden, London, with a larger engineering lab and digital signage showroom. “Anders had been at its location for over 50 years,” said sales and marketing director Paul Mullen. “The building served us extremely well, but we have outgrown what was a traditional building and now have the opportunity ...

UK-based chip design firm Sondrel is expanding its global business with investments in China targeted at sub-28nm IC designs. Sondrel has opened a design centre in Xi’an, a location where Samsung has recently invested $7.5bn in a new 10nm foundry. Sondrel’s Julian Kingsbury said the company is in the middle of “an exciting growth phase for Sondrel in China.” According ...

STMicroelectronics’ Crolles site is on strike. Apparently workers at Crolles downed tools on Wednesday afternoon, Thursday morning and Thursday evening.

After 124 years in the lighting business, Philips is to spin off the product line on which the company was founded.

Google artificially skewed search results to favour its own commercial interests and harmed its customers by unilaterally reducing their revenue share percentages, according to the US FTC as reported in the Wall Street Journal.

The SEMI book-to-bill was 1.02 in February.