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Tag: acquires

Cummins acquires hybrid heavy mining equipment experts First Mode

Cummins has its eye on hybrid powertrains to help decarbonize the transport, construction, and mining spaces the operates in. To that end, the company has acquired the hybrid equipment experts First Mode, and plans to make the first commercially available retrofit hybrid system for mining equipment a reality not just soon – but now. The Cummins … Continue reading “Cummins acquires hybrid heavy mining equipment experts First Mode”

Onsemi acquires Qorvo’s silicon carbide JFET technology portfolio

US power and sensing technology specialist onsemi has completed its acquisition of the silicon carbide junction field-effect transistor (SiC JFET) technology business from US-based Qorvo for $115 million. The addition of SiC JFET technology will complement onsemi’s EliteSiC power portfolio. In EVs, SiC JFETs help improve efficiency and safety by replacing multiple components with a … Continue reading “Onsemi acquires Qorvo’s silicon carbide JFET technology portfolio”