average

UTC begins work on hybrid electric aeroplane

United Technologies (UTC) has recently launched the advanced projects group within the company, which moves at speed to build and pilot ambitious product and service demonstrators.

The group’s first product demonstrator is a hybrid-electric X-plane under the project name, Project 804.

The number “804” represents the straight-line mileage between the Pratt & Whitney facility in Longueuil, Québec, and the Collins Aerospace facility in Rockford, Illinois.

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

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…]