Robotics & Automation News

Market trends and business perspectives

plans

Traton plans to invest more than €1 billion into autonomous and digital innovations

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Traton, a subsidiary of the Volkswagen Group, says it plans to invest more than €1 billion into autonomous and digital innovations.

Andreas Renschler, Traton CEO and member of the board of management at Volkswagen, says: “We want to move into the digital fast lane and are continuing to evolve from a hardware supplier to a provider of software and services.”

Traton says it is making strides with networked vehicles, logistics, and autonomous driving. [Read more…] about Traton plans to invest more than €1 billion into autonomous and digital innovations

Robotic toymaker Anki to close down

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Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…] about Robotic toymaker Anki to close down

Samsung Electronics to invest $115 billion in logic chip businesses by 2030

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Samsung Electronics, a world leader in advanced semiconductor technology, will invest KRW 133 trillion (US$115 billion) by 2030 to strengthen its competitiveness in System LSI and Foundry businesses.

The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030.

The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.

[Read more…] about Samsung Electronics to invest $115 billion in logic chip businesses by 2030

Foxconn evaluating US locations for $10 billion expansion plans

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Foxconn, the main manufacturer for Apple’s smartphones and tablet computers, is looking for locations in the US to invest $10 billion into setting up factories, according to a variety of reports in the media. 

The company has already earmarked $7 billion for a display panel factory after buying the Sharp electronics company, although it’s not certain where it will be located.

The Taiwanese company’s newly found interest in the US comes after President Donald Trump made it clear that he prioritises the reinvigoration of the country’s manufacturing base.  [Read more…] about Foxconn evaluating US locations for $10 billion expansion plans