March 8, 2024
Electronics WeeklyIn Q3, the company plans to tape out its first large language model chip and, in Q1 2025, intends to IMG_0296-150×150.webpmake it available to early customers. Taalas has raised $50 million dollars over two rounds of funding led by Pierre […]
March 7, 2024
Manufacturing TomorrowManufacturers that fail to get their data in order risk being left behind their rivals, a new report from Hexagon reveals. The global survey of more than 500 manufacturing leaders, conducted by Forrester Consulting and commissioned by Hexagon, found that […]
Industry Focus Areas, Motorized Vehicle
March 7, 2024
Transport TopicsRivian Automotive is halting plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle. The decision will save the automaker more than $2.25 billion […]
March 6, 2024
Metrology and Quality NewsMarc Segura, President ABB Robotics Division, identifies three drivers for robotics-driven AI solutions in 2024, as ABB continues expansion in new segments not previously served by robotic automation. “The coming year will see a growing focus on the critical role […]
Design & Planning, Industry Focus Areas, Motorized Vehicle, Process
March 5, 2024
Business Facilities MagazineGlobal motion technology company Schaeffler will expand its operations in the U.S. with the addition of a new manufacturing facility focused on producing solutions for the electric vehicle (EV) industry. Schaeffler will invest more than $230 million to build the […]
March 4, 2024
Manufacturing TomorrowThe use of data analytics in manufacturing is growing. Automakers must keep up with this shift if they hope to remain competitive, but not all data initiatives are equal. As auto manufacturers become more data-centric, they should prioritize cloud adoption […]
February 29, 2024
Transport TopicsFourth-quarter financial results from within the trucking industry showed carriers continue to navigate a sluggish market with little signs of a turnaround, according to analysts. “On the truckload side, we’re still searching for a way out,” TD Cowen analyst Jason […]
February 29, 2024
Phys.orgDr. Jung Unho’s research team at the Hydrogen Research Department of the Korea Institute of Energy Research (KIER) has developed Korea’s first clean hydrogen production technology. This technology is based on ammonia decomposition and does not use fossil fuels. The […]
February 28, 2024
Business Facilities MagazineThis week, Governor Gretchen Whitmer joined the Michigan Economic Development Corporation (MEDC) to announce Michigan Strategic Fund (MSF) approval of two projects in the future mobility and green energy sectors. Together, the Corning Incorporated and Lucid Motors projects will generate […]
February 26, 2024
MedTech DiveLast week, Medtronic said it would shut down its ventilator product lines and reorganize the remaining patient monitoring and respiratory interventions businesses into a new unit, called Acute Care and Monitoring. The decision reverses a planned spin-off of the businesses […]
February 26, 2024
Business Facilities MagazineCompanies across industries have chosen to expand their operations in Utah — due, in part, to tax credits. Pattern, a global e-commerce and marketplace acceleration platform, plans to add more than 500 jobs and invest nearly $26 million in the […]
February 23, 2024
Transport TopicsThe anticipated safety and economic benefits of autonomous trucking — and the potentially lucrative business prospects associated with this emerging field — have attracted an influx of innovators and entrepreneurs determined to bring highly automated driving technology to the commercial […]
Industry Focus Areas, Motorized Vehicle
February 22, 2024
Transport TopicsRivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts. The maker of plug-in pickups, SUVs and delivery vans expects to build just 57,000 vehicles […]
February 21, 2024
Alliance for American ManufacturingBack in December, German automaker Volkswagen announced that a self-commissioned audit of its factory in China’s Xinjiang region had found “no indication” of forced labor there. Then, last week, VW announced it was in discussions with one of its main […]
February 21, 2024
Business Facilities MagazineIn Maui, Hawaiian Electric is planning a 40-megawatt (MW) renewable energy site to add critical grid reliability to Hawaii and move the island closer to its clean energy goals. Dubbed ‘Ūkiu Energy, the innovative facility will support the state’s commitment […]
Aerospace & Defense, Industry Focus Areas
February 21, 2024
Electronics WeeklyThe transaction closed at a purchase price of $5.5 billion (approximately £4.4 billion), which has been funded through existing cash and new external debt, said the company. Ball Aerospace will be called Space & Mission Systems and become a fourth […]
Industry Focus Areas, Motorized Vehicle
February 21, 2024
Electronics WeeklyOf these, BEVs accounted for 9.11 million units with a growth rate of 24%, and PHEVs reached 3.91 million units, growing at 45%. TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global […]
Aerospace & Defense, Industry Focus Areas
February 20, 2024
ASD NewsBoeing and Thai Airways announced today the flagship carrier placed an order for 45 787 Dreamliners as the airline looks to modernize and grow its widebody fleet and international network. Thai Airways selected the 787-9 to support its long-term strategy […]
February 20, 2024
Electronics WeeklyIn Taiwan last year, IC industry production value fell 10.2% to $139.2 billion, the Industrial Economics and Knowledge Center said. This year, the Taiwan IC manufacturing sector is expected to grow 16.6% to $98.7 billion led by TSMC with sales […]
Aerospace & Defense, Industry Focus Areas
February 19, 2024
ASD NewsRocket Lab USA, Inc., a global leader in launch services and space systems, today launched its 44th Electron rocket, successfully deploying an orbital debris inspection satellite for Astroscale Japan Inc. The mission, named “On Closer Inspection”, launched from Pad B […]