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Highlights with EIIR (Pareekh) Point of View (POV)

  • 1

    Volkswagen Group and Xanadu establish quantum simulation program for battery materials. Accurate and efficient simulation of battery materials is an industry-wide challenge that could benefit from the arrival of fault-tolerant quantum computers.

    Automotive    Volkswagen    Xanadu    Quantum Computing    R&D Priorities    EV Battery   

    EIIR POV: Quantum computing usecases are emerging in automotive industry.

  • 2

    Quest Global acquires Adept a product design house based out of India, providing chip design and embedded services.

    Telecom    QuEST    Silicon Design & Testing    Service Provider M&A    India   

    EIIR POV: Engineering service providers continue to acquire semiconductor engineering service providers.

  • 3

    LTTS inaugurates ER&D Center in Toronto which will focus on developing digital solutions for the transportation sector including railway engineering, for a global aerospace & rail major. The area of specialization would cover rail track defect detection,

    Aerospace    Railway    LTTS    Embedded. Design &Testing    US Nearshore Expansion    Enterprise R&D Center    Canada   

    EIIR POV: Engineering services providers are investing in nearshore R&D centers.

  • 4

    LTTS has opened a new campus in Mysuru, catering to the design and development of embedded solutions, digital products, and software engineering. LTTS has plans to hire over 1,000 engineers in Mysuru over the next two years.

    Industry4.0    LTTS    Embedded. Design &Testing    Indian Tier 2 /3 Cities    Service Provider Geographic Expansion    India   

    EIIR POV: Indian engineering service providers are augmenting their presence in Indian tier2/ 3 cities to reduce operational cost and attract wider talent pool.

  • 6

    Ceer, the first Saudi electric vehicle brand, is launched. It is a JV between Saudi Public Investment Fund (PIF) and Foxconn.

    Automotive    Foxconn    Ceer    Middle East Investment    EV    Localization    Saudi Arabia   

    EIIR POV: Localization in automotive indusutry. Local automative and EV brands are emerging in many countries.

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