Highlights with EIIR (Pareekh) Point of View (POV)
Google shutting down its IoT core service. Bad news for Google's IoT customers.
EIIR POV: A reminder, in the downturn, companies will take a hard look at their portfolio! The other point is that IoT may not be a profitable business for Google. Many other IoT platform firms might rethink their growth probability and plan exit strategy. Consolidation and rationalization in IoT platform is expected
Infineon acquires startup Industrial Analytics and strengthens its offering in AI-powered analysis of machinery and industrial equipment
EIIR POV: Enterprises are investing in Industry 4.0 Startups in AI and analytics.
Mahindra & Mahindra formally inaugurated its new design centre of excellence, Mahindra Advanced Design Europe (M.A.D.E), which will serve as the conceptual hotbed for the company?s portfolio of EV products. Physically present at the heart of innovation, M.A.D.E is located at the global automotive and EV hub of Banbury, Oxfordshire.
EIIR POV: Indian Firms wil global ambition wil open design and R&D centers globally.
Accuride Extends MES to Its Test Labs by thinking about its test centers as part of its manufacturing operations. Accuride extends the MES module of Plex to provide visibility into test summaries and analytics.
EIIR POV: New use case of MES in testing labs for visibilty and analytics.
Etteplan and Semcon, two pureplay engineering service providers in Nordics, may merge to create the second biggest engineering service providers in Nordics with 6000+ people and $550 M+ revenue. European service providers are known to scale with M&A. This combination will be interesting to watch.
EIIR POV: European IT and engineering service providers are known to scale with M&A. This combination will be interesting to watch. It has some similarities to creating a scaled Nordics player in engineering between AF and Poyry and in IT services between Tieto and Evry.
Intel, Brookfield to invest up to $30 billion in Arizona chip factories. Intel will have a 51% stake and Brookfield will have a 49% stake.
EIIR POV: Semicon Fabs require hgih capital investment. Interesting business model to rope in PE plaers for fab JVs. The other point is that this JV could be a precursor to Intel hiving off its foundry business.
EDAG Malaysia expands operations to Shah Alam. It is expected to create 500 jobs by 2024. It also features a new E&E department which serves the group?s global engineering network and increases its capacity in Embedded Software, Mobility IT and Integration and Validation.
EIIR POV: European Engineerig Service Providers are building thei global delivery footprints in APAC.