announced

Magna signs first complete vehicle manufacturing joint venture in China

Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing their electric vehicle manufacturing joint venture in Zhenjiang, China, which marks another milestone of their continued cooperation.

The transaction, which is pending regulatory approval and other closing conditions, is expected to close in the fourth quarter of 2019.

The joint venture, which is to be controlled by an affiliate of the BAIC Group, is Magna’s first investment in a complete vehicle manufacturing facility outside Europe.

Industrial Internet Consortium launches series of challenges

The Industrial Internet Consortium has launched a series of “IoT Challenges” aimed at solving real problems and advancing the validation of industrial internet applications and solutions.

The current Challenges are co-organized with the Trusted IoT Alliance.

In an interview with Robotics and Automation News, Dr Richard Soley, executive director of the IIC, provides an overview and some insights into what the IIC is and what it does. (See video below.)

In these Challenges, architects and solution providers will compete to design industrial internet solutions that address high-profile, real-world problems. [Read more…] about Industrial Internet Consortium launches series of challenges

Intel acquires Omnitek to strengthen FPGA video and vision offering

Intel Corporation has announced the acquisition of Omnitek, a leading provider of optimised video and vision FPGA IP solutions.

Omnitek’s technology enables customised high-performance vision and artificial intelligence (AI) inferencing capabilities on FPGAs in areas such as video conferencing, projection and display, medical vision systems, and more.

Based in Basingstoke, UK, Omnitek was founded in 1998 and has developed over 220 FPGA IP cores and accompanying software including performance-leading solutions for WARP, ISP processing and video connectivity.

[Read more…]