Tag Archives: Factory

Dive Brief: AES will partner with X, Google’s research and development arm, on electric grid virtualization tools that will help support the corporation’s transition to renewable energy.  The partnership will develop technology to simulate and virtualize AES’ distribution grids in Indiana and Ohio, giving operators a better real-time view of the grid and supporting long-range planning. AES Chief Product Officer and Senior Vice President Chris Shelton said the… Source link

By Stephen Nellis (Reuters) -Semiconductor manufacturer GlobalFoundries said on Monday it will build a second factory near its in Malta, New York, headquarters, and spend $1 billion to boost output to address the global chip shortage. GlobalFoundries, owned by the United Arab Emirates’ sovereign wealth fund Mubadala Investment Co, makes radio-frequency communications chips for 5G, chips for high-reliability manufacturing for automotive customers, and other specialized semiconductors. The new… Source link

The companies are joining forces to create industrial applications, optimize processes, improve productivity and help manufacturers innovate using AI. Image: Krongkaew/Moment/Getty Images Google Cloud and German industrial giant Siemens announced Monday a new partnership to… Source link

Tanger Factory Outlet Centers (SKT) is the #1 trending ticker on Yahoo Finance during the Thursday’s morning session. Shares of the retail real estate company were up 16% in early trading but paired back some of those gains by 11 a.m. Yesterday the stock closed 9% higher. These types of moves on heavily shorted names are normally indicative of a short squeeze. Retail investors on WallStreetBets have increased their mention of the stock recently. Shares are up more than 80% year-to-date, and… Source link