Artificial Intelligence

Mitsubishi Electric Acquires Crystal Air For IT Cooling

Mitsubishi Electric Corporation announced that its wholly-owned subsidiary Mitsubishi Electric Europe B.V. concluded an agreement on December 18 to acquire all shares of Crystal Air Holdings Limited, headquartered in Kildare, Ireland, an air-conditioning installation and maintenance company. By acquiring Crystal Air's extensive European business network, installation and maintenance capabilities, Mitsubishi Electric will be able to meet the growing demand for IT Cooling for data centers across...

Lawrence Chen Joins Arrow Electronics' Board Of Directors

Arrow Electronics, Inc. announced that Lawrence (Liren) Chen has joined the company’s Board of Directors and has been appointed a Member of the Board’s Audit Committee. The addition of Lawrence Chen will increase the total number of Directors on the Board to 10. Lawrence (Liren) Chen Lawrence Chen is President, Chief Executive Officer, and a Member of the Board of Directors of InterDigital, Inc., a global research and development company focused primarily on wireless, video, artif...

Siemens Boosts Digital Revenue In Data Centers

Siemens Smart Infrastructure (SI) held its Capital Market Event today showcasing outstanding financial performance and value creation. SI announced upgraded mid-term targets to achieve 6-9 percent comparable revenue growth and a target profit margin range of 16-20 percent over a 3-5-year cycle.  mid-term targets It will continue to focus on delivering strong profitable growth, margin expansion, and cash generation, with emphasis on value creation in key geographies and innovation across...

Danfoss Drives' Hannes Leichtfried Elected To NEMA’s Board Of Governors

Danfoss Drives’ Hannes Leichtfried has been elected to serve on the National Electrical Manufacturers Association’s (NEMA) Board of Governors. NEMA announced the election of three new board members and three new officers on November 13, following its 2024 Annual Meeting. Hannes Leichtfried  Hannes Leichtfried, an industry veteran and current Vice President of Sales and Marketing for Danfoss Drives in North America, brings nearly 30 years of experience in electrification to th...

Smartkem And FlexiIC Team Up For Low-Power CMOS Sensors

Smartkem, which is seeking to change the world of electronics using its disruptive organic thin-film transistors (OTFTs), has signed a multi-year agreement with FlexiIC, a company providing innovation in the design of flexible integrated circuits and systems, to begin a new project to develop a new generation of CMOS for smart sensors. The goal of the two-year project is the development of custom circuitry using Smartkem's organic thin-film transistor (OTFT) technology and n-type oxide TFT to m...

Verizon & Ericsson Host 5G Innovation Session In LA

Verizon Business wraps up the 2024 Innovation Sessions by returning to Los Angeles and SoFi Stadium on December 4. Hosted alongside event partner Ericsson, the Los Angeles Innovations Session will feature 5G-powered innovations that are changing the way enterprises and small and midsize businesses operate. Attendees will hear from industry pioneers and subject matter experts during fireside chats, panel discussions, and executive insights sessions. Executives from Fox Sports, Ticketmaster,...

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