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Industrial Innovations

 

Toyota to launch first EV with advanced self driving system for China in 2025
28 Jun 2024

Toyota to launch first EV with advanced self driving system for China in 2025

Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla’s Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said.
Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

28 Jun 2024
Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi-billion-euro chip factory in Italy, the industry ministry said on Friday.
Northvolt reviewing plans for new Swedish gigafactory

Northvolt reviewing plans for new Swedish gigafactory

20 Jun 2024
Swedish lithium-ion battery producer Northvolt is reviewing plans to build a new plant in Borlange in central Sweden but has not reached any decisions, it said on Wednesday, after a newspaper reported it was cancelling the project.  
Onsemi to invest up to $2 billion in Czech semiconductor plant

Onsemi to invest up to $2 billion in Czech semiconductor plant

20 Jun 2024
U.S. chipmaker Onsemi will invest up to $2 billion to boost its semiconductor output in the Czech Republic, it said on Wednesday, expanding the company’s European capacity as the European Union seeks self-sufficiency in critical supplies.
NATO targets AI, robots and space tech in $1.1 billion fund

NATO targets AI, robots and space tech in $1.1 billion fund

18 Jun 2024
A consortium of NATO allies has confirmed the first tranche of companies awarded funding as part of the group’s one billion euro ($1.1 billion) innovation fund. 
German robotics industry faces stiff competition from China, VDMA says
17 Jun 2024

German robotics industry faces stiff competition from China, VDMA says

Growing competition from China is weighing on the outlook for Germany’s robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters.
Amazon adds $230 million in cloud credits to AI startups

Amazon adds $230 million in cloud credits to AI startups

14 Jun 2024
Amazon said it is investing $230 million in the form of Amazon Web Service (AWS) credits in artificial intelligence startups, the latest example of cloud providers trying to capture AI clients from nascent stages. 
Japan's Advantest says AI demand boosting memory tester business

Japan's Advantest says AI demand boosting memory tester business

12 Jun 2024
Japan’s Advantest said on Wednesday booming demand for high bandwidth memory (HBM) used for artificial intelligence (AI) tasks is boosting its memory tester business. 
Cognizant to acquire Belcan for $1.3 billion

Cognizant to acquire Belcan for $1.3 billion

11 Jun 2024
Information technology services provider Cognizant Technologies said on Monday it has agreed to acquire digital engineering firm Belcan for nearly $1.3 billion in cash and stock.
Meta's WhatsApp launches new AI tools for businesses

Meta's WhatsApp launches new AI tools for businesses

07 Jun 2024
Meta launched its first AI-driven ad targeting program for businesses on WhatsApp, as it tries to wring revenue out of the popular chat service, the company announced on Thursday at a conference in Brazil.
Salesforce to open first AI centre in London
06 Jun 2024

Salesforce to open first AI centre in London

Salesforce has picked London for its first AI centre, where it said industry experts, developers and customers will be able to collaborate on innovation and develop new skills.
Air Liquide plans $250 million plant to supply gas for chipmaker Micron

Air Liquide plans $250 million plant to supply gas for chipmaker Micron

05 Jun 2024
Air Liquide will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Micron Technology with ultra-pure nitrogen and other gases.
Foxconn says May revenue climbs 22% y/y, raises outlook

Foxconn says May revenue climbs 22% y/y, raises outlook

05 Jun 2024
Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, reported on Wednesday revenue for May rose 22.1% year-on-year, a record high for the month.
AI darling Nvidia's market value surges closer to Apple

AI darling Nvidia's market value surges closer to Apple

29 May 2024
Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players.
Toyota showcases compact engines adaptable to different fuels

Toyota showcases compact engines adaptable to different fuels

28 May 2024
Toyota Motor showcased next-generation engines on Tuesday that can be used in cars as varied as hybrids and those running on biofuel, as it targets tougher emissions standards and doubles down on its strategy of selling more than just EVs.

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