Industrial Innovations

08 Nov 2024

Is AI fatigue already here?

Cutting through the AI hype with five innovations from GITEX 2024 that will transform your business

Unlocking hidden business value with purpose-built AI

08 Nov 2024

Intelligent automation could be the key to solving operational inefficiencies that businesses overlook

SMIC sees prolonged chip glut, signals cautious expansion outlook

08 Nov 2024

Semiconductor Manufacturing International Corp, China’s largest chipmaker, warned on Friday that overcapacity in mature node chips will persist through 2025 and that it was turning cautious on building new capacity.

There’s not enough talk about AI in the utilities sector

07 Nov 2024

AI’s potential in utilities is much greater than many might think

Qualcomm chip sales to Chinese smartphone makers fuel strong results

07 Nov 2024

Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a wave of launches of flagship Chinese smartphones.

07 Nov 2024

TSMC, GlobalFoundries poised to get final Chips Act awards, sources say

Taiwan Semiconductor Manufacturing Co, GlobalFoundries and at least one other chipmaker are poised to receive their final Chips and Science Act awards from the Biden administration, two people briefed on the matter said.

Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

06 Nov 2024

Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.

Siemens can make more acquisitions after Altair deal, exec tells paper

04 Nov 2024

Siemens has the financial muscle for further software acquisitions after its $10.6 billion purchase of U.S. industrial software company Altair, managing board member Cedrik Neike said.

STMicroelectronics trims 2024 revenue outlook again

31 Oct 2024

European chipmaker STMicroelectronics on Thursday said its full-year revenue would come at the low end of the earlier guidance range, its third cut to the outlook this year amid weak demand from its industrial clients.

Siemens' $10.6 billion Altair deal seen boosting industrial software offering

31 Oct 2024

Siemens announced a $10.6 billion deal to buy U.S. engineering software firm Altair Engineering overnight, cheering analysts who see it boosting the company’s presence in the fast-growing industrial software market.

30 Oct 2024

Advantest hikes profit forecast as AI boosts testing demand

Japan’s Advantest on Wednesday hiked its full year operating profit forecast by almost a fifth to 165 billion yen ($1.08 billion) as strong demand for high performance artificial intelligence-related chips boosted its testing tools business.

Chinese automaker Geely steps up challenge to BYD with new hybrid tech

30 Oct 2024

China’s Geely Automobile Holdings took the wraps off its latest hybrid technology on Wednesday, boasting some better fuel economy and driving range figures than rival technology from local plug-in hybrid champion BYD.

Toyota, NTT to make $3.3 billion R&D investment for AI self-driving, Nikkei reports

29 Oct 2024

Toyota Motor and Japan’s Nippon Telegraph and Telephone (NTT) will invest 500 billion yen ($3.26 billion) in research and development to create artificial intelligence software to improve self-driving, Nikkei reported on Tuesday.

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

29 Oct 2024

Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading.

Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

24 Oct 2024

South Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.