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Archives for July 5, 2018

ABB completes acquisition of GE Industrial Solutions

July 5, 2018 by Anna

ABB has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the first year.

The $2.6 billion transaction offers substantial value creation potential within ABB, including growth opportunities to be leveraged from coupling ABB’s digital offering, ABB Ability, with the extensive GEIS installed base.

ABB expects to realise approximately $200 million of annual cost synergies in year five.

[Read more…] about ABB completes acquisition of GE Industrial Solutions

Filed Under: Industry, Miscellaneous, News Tagged With: abb, ge industrial solutions

UMC takes 100 per cent ownership of Fujitsu’s semiconductor business unit

July 5, 2018 by David Edwards

UMC asian scientist magazine

United Microelectronics Corporation has agreed to acquire all of the shares of Mie Fujitsu Semiconductor, a 300mm wafer foundry joint venture between both companies.

United Microelectronics Corporation is said to be the first semiconductor company established in Taiwan back in 1980.

In addition to the 15.9 per cent of MIFS shares currently owned by UMC, Fujitsu Semiconductor will transfer the remaining 84.1 per cent of its shares in MIFS to UMC, making MIFS a wholly-owned subsidiary of the Taiwan-based foundry.  [Read more…] about UMC takes 100 per cent ownership of Fujitsu’s semiconductor business unit

Filed Under: Computing, News Tagged With: mie fujitsu semiconductor, taiwan, united microelectronics corporation

Bosch lays foundation stone for billion-dollar ‘factory of the future’

July 5, 2018 by David Edwards

dresden wafer fab cgi 1 copy

German industrial giant has started construction on a billion-dollar semiconductor manufacturing facility – or, in Bosch’s words, a “factory of the future” in Dresden, Germany.

The company said that the foundation stone laid recently in Dresden is “a key milestone” in the construction of the Bosch Group’s “state-of-the-art” wafer fabrication facility.

Construction is scheduled to be completed in late 2019, when installation of the production machinery will start.  [Read more…] about Bosch lays foundation stone for billion-dollar ‘factory of the future’

Filed Under: Features, Industry, Manufacturing Tagged With: asics, bosch, dresden, mems, semiconductor factory, wafer fabrication facility

DuPont to invest $45 million in new manufacturing facility in Delaware

July 5, 2018 by Anna

DuPont Transportation & Advanced Polymers (T&AP), a business unit of DowDuPont Specialty Products Division, today announced the purchase of a new facility in Newark, Delaware.

The site will manufacture Kalrez, a specialised engineered material used in a variety of sealing applications that require high-temperature performance and excellent chemical resistance.

The facility is twice the size of the current plant in Newark, and will be outfitted with state-of-the-art equipment and advanced manufacturing capabilities.

[Read more…] about DuPont to invest $45 million in new manufacturing facility in Delaware

Filed Under: Manufacturing, News Tagged With: auto manufacturing, delaware, dupont

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Overused words

ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

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Latest news

  • Geek+ provides 82 robots to C-StoreMaster’s new $20 million distribution warehouse in Huntsville, Alabama
  • Flexiv launches ‘revolutionary’ force-controlled parallel robot
  • The Core Concepts of Successful Online Stock Investing
  • UPS and Gap units partner to offer ‘unmatched automation and supply chain capabilities’ to apparel merchants
  • stow Robotics and Phononic collaborate to design cold chain fulfillment solutions
  • Three strikes and you’re out! Humans give up on robots after multiple mistakes
  • China overtakes USA in robot density
  • Luwu Intelligence launches ‘world’s first’ Raspberry Pi robotic dog with arm
  • Ronovo Surgical raises $50 million to commercialize robotic laparoscopy system
  • Wandelbots expands no-code solution to US with Yaskawa as early customer

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