Automotive Power Electronics Market to Reach $8.1 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research

The global automotive power electronics market is driven by factors such as rise in demands for electric vehicles, increasing trend for electrification across the automotive industry, and government regulations for vehicle safety systems. PORTLAND, Ore., July 23, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Power Electronics Market by Device (Power IC, Module/Discrete),… Continue reading Automotive Power Electronics Market to Reach $8.1 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research

Ansys 2023 R2 Powers Industry Innovation with Transformative Simulation Technologies

New release expands digital engineering solutions with leading solvers and large-scale computing in connected workflows / Key Highlights Sophisticated numerics integrate multiphysics solvers to advance electronic innovations – from 3D integrated circuits (3D-IC) to electric vehicles The Ansys Discovery simulation-driven design tool helps makes digital engineering more accessible and immediate by performing live structural physics on… Continue reading Ansys 2023 R2 Powers Industry Innovation with Transformative Simulation Technologies

KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth

Pune-based KPIT Technologies, which is an independent software integration solutions provider for automotive and mobility industry has announced its Q1 (April to June 2023) FY24 financial results, with the company registering a noticeable 51.7 percent year-on-year (YoY) growth as its revenues touched US $133.9 million or Rs 1,095 crore. The company has also reported almost… Continue reading KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth

Implementation of the first robotics packet sorting system by Geek+ and Hongkong Post

A fleet of Geek+ sorting and mobile robots is now operating in the Hongkong Post’s Central Mail Centre Innovative technology delivers efficiency and accuracy in packet sortation to provide customers with reliable and efficient postal services HONG KONG, July 25, 2023 /PRNewswire/ — Hongkong Post and Geek+ have teamed up to implement its first robotic packet sorting system.… Continue reading Implementation of the first robotics packet sorting system by Geek+ and Hongkong Post

Cyngn Announces Date for Fiscal Second Quarter 2023 Financial Results

MENLO PARK, Calif., July 25, 2023 /PRNewswire/ — Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, will announce its fiscal second quarter 2023 financial results for the period ended June 30, 2023, on Wednesday, August 9, 2023, after the close of market. The Company… Continue reading Cyngn Announces Date for Fiscal Second Quarter 2023 Financial Results

Automotive Power Electronics Market to Reach $8.1 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research

The global automotive power electronics market is driven by factors such as rise in demands for electric vehicles, increasing trend for electrification across the automotive industry, and government regulations for vehicle safety systems. PORTLAND, Ore., July 23, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Power Electronics Market by Device (Power IC, Module/Discrete),… Continue reading Automotive Power Electronics Market to Reach $8.1 Billion, Globally, by 2032 at 5.1% CAGR: Allied Market Research

Automotive Seat Market worth $58.4 billion by 2030 – Exclusive Report by MarketsandMarkets™

CHICAGO, July 21, 2023 /PRNewswire/ — Automotive seat market is estimated to grow from USD 53.7 billion in 2023 to USD 58.4 billion by 2030 at a CAGR of 1.2% over the forecast period, according to a new report by MarketsandMarkets™. The increasing demand for mid- & full-size SUVs and luxury cars has impacted the automotive seating… Continue reading Automotive Seat Market worth $58.4 billion by 2030 – Exclusive Report by MarketsandMarkets™

Samsung Electro-Mechanics’ first mass production of “Power Inductor” for automotive

SEOUL, South Korea, July 21, 2023 /PRNewswire/ — Samsung Electro-Mechanics will target the automotive power inductor market by beginning mass production of power inductors, an essential core component of electric and autonomous vehicles. A car requires more than 100 power inductors, more than twice as many as a smartphone. The number of power inductor installations is… Continue reading Samsung Electro-Mechanics’ first mass production of “Power Inductor” for automotive

Implementation of the first robotics packet sorting system by Geek+ and Hongkong Post

A fleet of Geek+ sorting and mobile robots is now operating in the Hongkong Post’s Central Mail Centre Innovative technology delivers efficiency and accuracy in packet sortation to provide customers with reliable and efficient postal services HONG KONG, July 25, 2023 /PRNewswire/ — Hongkong Post and Geek+ have teamed up to implement its first robotic packet sorting system.… Continue reading Implementation of the first robotics packet sorting system by Geek+ and Hongkong Post

International conference on network communication held in NW China’s Xinjiang

KARAMAY, China, July 25, 2023 /PRNewswire/ — A report from GLOBAL TIMES ONLINE: The first “Hello, Silk Road” International Conference on Internet Communication was held on July 23 in Karamay, northwest China’s Xinjiang Uygur Autonomous Region. Continue Reading Over 200 guests, including experts and scholars from more than 20 countries, Chinese and foreign journalists, and… Continue reading International conference on network communication held in NW China’s Xinjiang