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Electronic Breaking News

XP Firmly Rejects £571m Bid Amid Company Takeover Speculation

XP Firmly Rejects £571m Bid Amid Company Takeover Speculation

XP Power, a Singapore-based company, has firmly rejected a cash offer from Advanced Energy in the US to acquire the company for £571 million. The offer of £19.50 per share was deemed inadequate by XP Power, which described it as a "series...

Published on: May 21, 2024

Scale AI Secures $1 Billion for AI Data Foundry

Scale AI Secures $1 Billion for AI Data Foundry

The latest funding secured by Scale AI is set to propel the company into the next phase of its journey, focusing on expanding its AI data foundry to expedite the availability of frontier data crucial for the advancement of artificial general intelligence....

Published on: May 21, 2024

imec Secures €2.5bn for Cutting-Edge 1nm Chiplet Pilot Line in Europe

imec Secures €2.5bn for Cutting-Edge 1nm Chiplet Pilot Line in Europe

Imec, a renowned research institution in Belgium, has announced plans to establish a cutting-edge pilot line dedicated to the development of 1nm CMOS SoC and chiplet technologies. This ambitious project comes with a substantial investment of €2.5 billion, signaling a significant leap...

Published on: May 21, 2024

Advanced Energy Makes Cash Bid for XP Power Limited

Advanced Energy Makes Cash Bid for XP Power Limited

Advanced Energy has made a bold move by proposing an acquisition of XP Power, a strategic decision that aligns with the company's growth strategy. Despite facing rejection for three earlier all-cash proposals to the Board of XP Power, Advanced Energy remains committed...

Published on: May 21, 2024

Intel Collaborates on Chinese Generative AI Cockpit Innovation

Intel Collaborates on Chinese Generative AI Cockpit Innovation

Neusoft and ThunderSoft have partnered with Intel to utilize a compute platform for intelligent cockpit designs with AI customization that can scale across generations of vehicles. This collaboration aims to develop new solutions based on Intel's AI-enhanced software-defined vehicle (SDV) system-on-chip (SoC)...

Published on: May 21, 2024

Fraunhofer IPMS and Infineon Collaborate on Smart Power Devices for 300mm Wafers

Fraunhofer IPMS and Infineon Collaborate on Smart Power Devices for 300mm Wafers

Fraunhofer IPMS and Infineon Technologies in Dresden have joined forces to develop process modules for smart power on 300mm wafers. This collaboration has resulted in the processing of 2000 300mm wafers for smart power applications. The wafers were shuttled back and forth...

Published on: May 21, 2024

AI Speeds Up Solar-Cell Perovskite Discovery

AI Speeds Up Solar-Cell Perovskite Discovery

An EPFL research project led by Haiyuan Wang and Alfredo Pasquarello, with collaborators in Shanghai and in Louvain-La-Neuve, has made significant strides in the search for optimal perovskite materials for photovoltaic applications. This innovative method combines advanced computational techniques with machine learning,...

Published on: May 21, 2024

imec Advances Quantum Computing with 300mm Qubit Process

imec Advances Quantum Computing with 300mm Qubit Process

Belgian research and development lab imec has achieved a significant milestone in the field of quantum computing by developing a stable 300mm wafer process for creating spin qubits. These spin qubits hold the key to unlocking the potential of quantum computers, and...

Published on: May 21, 2024

Murata and Michelin Strike Gen 4 RFID License Deal

Murata and Michelin Strike Gen 4 RFID License Deal

Murata Manufacturing and Michelin have recently entered into a significant licensing agreement that will see the integration of fourth-generation Murata RFID tags into Michelin automotive tires. This collaboration aims to meet European legislation requirements and enhance tire management, sustainability, security, and traceability.With...

Published on: May 21, 2024

Hardware Gateway Enhances Industrial Edge and Cloud Applications with MQTT Integration

Hardware Gateway Enhances Industrial Edge and Cloud Applications with MQTT Integration

Softing Industrial has introduced a new maintenance-free hardware solution designed for seamless transfer of production data from PLC and CNC controllers to edge and cloud-based environments.The innovative product, known as edgeGate, streamlines access to Programmable Logic Controllers (PLC) and Computerized Numerical Controllers...

Published on: May 21, 2024

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