DoD Seeks $2.3B To Bolster US Chip Making

WASHINGTON: The Pentagon is seeking $2.3 billion to improve its ability to make specialized semiconductors for military use, as well as to fund next-generation chip innovation. Semiconductors, used in almost every advanced weapon, are especially critical to enabling a range of defense “disruptive technologies,” such as hypersonics, AI, and 5G — all of which receive […]

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Market Update: Electric Vehicles 

The time when electric vehicles (EVs) were seen as pet projects that would someday come of age and go mainstream are long gone. In its place is a mad rush to develop EVs across numerous different vehicle categories—from small passenger cars to huge tractor trailers, and all points in between. Automakers across the board are […]

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Cynosure Expands Portfolio with New Acquisition

Cynosure seems to be doing just fine after it was divested from Hologic in 2019. The medical aesthetics company is even getting involved in some acquisitions.The Westford, MA-based company said on Friday it entered into an agreement to acquire the MyEllevate Surgical Suture System, expanding the company’s portfolio of minimally invasive facial rejuvenation solutions. Source: Cynosure […]

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Raytheon nabs $318M contract for deploying airport screening equipment 

Raytheon Intelligence & Space, a Raytheon Technologies (RTX +0.4%) business, plans to expand the deployment of checked baggage screening equipment to all federally managed airports nationwide under a five-year, $318M contract with the Transportation Security Administration. Source: (NYSE:RTX) | Seeking Alpha

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NASA Says Time to Jettison LPTA 

Department of Defense (DOD) joined the General Services Administration (GSA) and National Aeronautics and Space Administration (NASA) in severely curtailing use of the vilified Lowest Price Technically Acceptable (LPTA) source selection criteria in federal contracting process. The LPTA has long been decried by contractors as an unfair and dangerous method to cut costs and provide […]

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About the Company

Electroverge® provides an innovative online channel for procuring specialty electronic components represented by Micro Technology Group, Inc. Our platform provides our customers with a hands on, easy to buy from purchasing solution and offers component manufacturers with an innovative solution for supporting new product launches, a proactive design-in process, and a more efficient approach to procuring specialty electronic components.