Crunch worsening, Hon Hai says
COMPONENTS ISSUE: Hon Hai’s Young Liu said that although prices for components and raw materials have increased, their influence on the company would be limited
Bloomberg
Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), yesterday said that a global supply crunch that has hit the consumer electronics and automaking industries will worsen this quarter, after it weathered component shortages to post better-than-expected quarterly profit last quarter.
The world’s largest contract electronics manufacturer and main assembler of iPhones reported net income of NT$28.2 billion (US$1 billion) in the first quarter, beating the average NT$24.4 billion of adjusted analyst estimates.
China tech titans go all in amid global electric car frenzy Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
China Evergrande New Energy Vehicle Group Ltd. s Hengchi electric vehicles at the Shanghai Auto Show in April | BLOOMBERG
Bloomberg May 10, 2021
China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.
Article content
(Bloomberg) China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.
While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size and speed of the move by China’s tech titans puts them at the vanguard of that broader push. The lure is an industry that’s becoming increasingly high tech as it pivots away from the combustion engine, with sensors and operating systems making cars more like computers, and the prospect of autonomy re-envisioning how people use will them.
30 April 2021, 05:04 am
Autonomous robots don t really have a good reputation due to countless times they ve been portrayed as killing machines in popular media. But when you meet Trombia, maybe you ll change your mind.
(Photo : Trombia Industries )
CitiesToday reports that Trombia, a fully autonomous street sweeper robot, is now on a trial run in the Finnish capital of Helsinki. The machine is the creation of a company of the same name, Trombia Industries, whose main aim with the robotic street-sweeper is to provide a sustainable way to keep the roads clean with minimal to no distraction.
Also known as Trombia Free, the robot is fully weatherproof. This means that it can operate on its own at full capacity in all weather conditions, according to TheRobotReport. That makes for a very efficient worker who already doesn t need lunch breaks, doesn t call in sick, and doesn t need to be paid. Think of this machine as the bigger version of a Roomba, only much more advanced.
Foley Weekly Automotive Report - April 2021 - 3 | Foley & Lardner LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.