About a week ago, a Chinese company called Citic formally announced that it had completed its acquisition of a European company called Linx Telecommunications.
While the story may be interesting in and of itself, it’s just one piece of a much larger jigsaw puzzle China’s Premier Xi Jinping wants to piece together.
A couple of years ago, Jinping sketched out a roadmap of what has come to be known as the “One Belt, One Road” project, often shortened to Obor. Continue reading The Digital Silk Road: Exclusive interview with Citic Telecom boss
Seven out of 10 Fortune 100 companies now offer industrial internet products, services, or initiatives, according to new research published by InField Clipboard.
Although the Internet of Things is popular in consumer applications, most IoT developments are being made for major companies like General Electric, Rolls Royce, AT&T and Google.
The world of IoT is constantly growing. In 2006, there were only 2 billion objects connected to the Internet of Things. Continue reading 70 per cent of Fortune 100 companies use the industrial internet, says report
Cisco and Google Cloud are partnering to deliver a hybrid cloud solution that they say helps customers maximize their investments across cloud and on-premises environments.
The companies will provide a unique and open hybrid cloud offering that enables applications and services to be deployed, managed and secured across on-premises environments and Google Cloud Platform.
The solution delivers cloud speed and scale, with enterprise-class security, claim the companies. Continue reading Cisco partners with Google to offer hybrid cloud solution
A Chinese manufacturer called Tongwei has opened a factory which features what is claimed to be the “world’s first” unmanned, fully automated monocrystalline solar cell production line.
This is according to a report on PV-Tech.org, which says Tongwei is testing the fully automated production system with a view to rolling it out across all its operations.
The company currently has the capacity to produce monocrystalline cell capacity of around 3.4 gigawatts, with an additional 2 GW multicrystalline solar cell capacity. Continue reading Chinese manufacturer claims ‘first’ fully automated production line for a type of solar cell
Rockwell Automation has launched an infrastructure-as-a-service which the company says simplifies and accelerates networks.
The new service bundles networking products and remote-monitoring support into one contract.
Rockwell says a secure and robust network infrastructure is essential to improving overall competitiveness in a connected enterprise, but designing, deploying and maintaining this infrastructure can be complex and time consuming for many companies, and is often too costly for their capital budgets. Continue reading Rockwell Automation launches infrastructure-as-a-service to simplify setting up industrial networks
Industrial automation company Emerson has reached a deal to acquire Paradigm, a provider of software solutions for the oil and gas industry.
The purchase price is $510 million, which Emerson says reflects a multiple of 13 times expected 2017 EBITDA.
Emerson says it will combine Paradigm with its existing Roxar software business to provide an exploration and production software portfolio with offerings spanning seismic processing and interpretation to production modeling. Continue reading Emerson to acquire Paradigm for $510 million
The race towards Terabit Ethernet, or TbE, has apparently taken a great leap with the completion of what is claimed to be the world’s first test of a 400-gigabit ethernet network.
The 400 GbE trial was conducted by Huawei with its partner, China Telecom, the state telecommunications infrastructure provider.
The companies say the results indicate their superfast 400 GbE network technology is ready for commercial utilisation. Continue reading Terabit Ethernet: The global race towards superfast internet
There’s not many things more fascinating in today’s high-tech world than subsea cables.
In and of themselves, in principle, they’re just cables. But also in and of themselves they are highly sophisticated and powerful pieces of equipment.
And the sheer magnitude of the engineering involved in laying them undersea across oceans and connecting continents is arguably a wonder of the modern world. Continue reading Microsoft and partners lay superfast subsea cable across Atlantic
As countries all over the world continue to expand their electric vehicle charging infrastructure to cope with increasing consumer and commercial demand, ABB is showcasing its innovative range of solutions at industry event Electric Vehicle Symposium and Exhibition, being held now in Stuttgart.
According to the International Energy Agency, more than 2 million electric cars were on the road worldwide in 2016.
And that number is expected to grow to between 9 and 20 million by 2020.
So the demand for effective EV charging infrastructure has never been greater. Continue reading ABB shows off its range of electric vehicle charging solutions
ABB and Northvolt have agreed a wide-ranging supply and technology partnership.
The deal includes products and services for Northvolt’s lithium-ion battery factory and close collaboration on development of battery solutions and research and development activities.
ABB Technology Ventures will support the initial phase of this project through an early investment. Continue reading ABB and Northvolt partner to build Europe’s largest battery factory
Huawei is partnering with Infosys and Wapwag to launch a range of internet of things solutions for robotics and automation systems.
Huawei is mainly a communications company which builds networks and some phones; Infosys is a software developer; and Wapwag is a water management specialist.
The companies say their new “important innovative practices” include smart robots and machine tools, as well smart water systems, based on open edge computing IoT, which will “accelerate the implementation of industry applications”. Continue reading Huawei partners with Infosys and Wapwag to launch IoT systems for robots
ABB has finalised a deal to buy General Electric’s industrial solutions business unit for $2.6 billion.
The deal would result in ABB taking over the part of GE’s business which supplies circuit breakers and other electrical equipment to industry.
GE Industrial Solutions is said to have deep customer relationships in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market. Continue reading ABB agrees to buy General Electric’s industrial business unit for $2.6 billion
Energy technology company Itron is to acquire industrial internet of things company Silver Spring Networks for more than $800 million.
The two companies have signed a definitive agreement for Itron to acquire all outstanding shares of Silver Spring for $16.25 per share in cash.
The transaction is valued at approximately $830 million, net of $118 million of Silver Spring’s cash. Continue reading Itron buys Silver Spring Networks for close to a billion dollars
Engineering giant Siemens is establishing a robotics research and development centre in China.
The company says the facility will be a global research centre in autonomous robotics, and is part of its innovation strategy to “master technology fields that are critical for future success”.
Worldwide, Siemens is planning to spend $6 billion this year on R&D, and China is likely to represent a significant portion of that budget.
Siemens says the global research community in its China R&D centre will comprise experienced experts from around the world will focus on:
- the research and development of new mechatronics systems,
- human-robot collaboration; and
- the application of artificial intelligence in robotic controllers.
Continue reading Siemens to establish global robotics research and development centre in China
Networking company Ericsson is partnering with Zenuity, an automotive software development joint venture between Autoliv and Volvo, to develop a connectivity platform for cars.
Ericsson says the “end-to-end” platform will be for connected safety, advanced driver assistance systems, and autonomous driving software and functions.
In the first phase of the collaboration, Ericsson and Zenuity will work closely together to develop the Zenuity Connected Cloud – powered by Ericsson internet of things accelerator. Continue reading Ericsson and Zenuity to create network for self-driving cars