Market News
Recent Developments
New product launches
- In 2022, Nicomatic (a global designer and manufacturer of interconnect solutions and components for man and machine interface) launched a new line of flat flex cables for space applications. These cables are designed to be lightweight, flexible, and reliable, and they meet the demanding requirements of space environments.
- In 2022, Molex (a manufacturer of electronic, electrical, and fiber optic connectivity systems) introduced a new line of flat flex cables for automotive applications. These cables are designed to withstand the harsh environments found in cars, trucks, and other vehicles.
Acquisition and partnerships
- In 2022, Molex acquired TE Connectivity's (designs and manufactures connectors, sensors and application tooling for several industries, such as automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics and energy) flat flex cable business for US$1.1 billion. This acquisition gives Molex a significant presence in the automotive and industrial markets.
- In 2020, BorgWarner completed US$3.3 billion takeover of Delphi Technologies. Through this combination, BorgWarner is even better positioned with a more comprehensive portfolio of industry-leading propulsion products and systems across combustion, hybrid, and electric vehicles.