Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace news this week…
Axcelis and GE Aerospace Partners on High Voltage Superjunction Power Devices
Axcelis Technologies, a leading supplier of innovative ion implantation solutions for the semiconductor industry, announced a Joint Development Program (JDP) with GE Aerospace.
In Agritech news this week…
Lumo Launches Pump Automation, Integrated with Block-Level Irrigation Data for Safety, Reliability and Optimal Pump-to-Plant Performance
Lumo, the leader in precision irrigation technology for specialty crop growers, announced the launch of Pump Automation, a powerful new integration with its smart valve platform.
In Automotive news this week…
Helm.ai and Honda Motor Agree to Multi-Year ADAS Joint Development for Mass Production Consumer Vehicles
Helm.ai, a leading provider of autonomous driving AI software, announced a multi-year joint development agreement with Honda Motor Co., Ltd.
In BFSI news this week…
Sovos Launches Global Partnership with Intuit to Deliver Best-in-Class E-Invoicing for Intuit Users
Sovos, the always-on compliance company, announced a global strategic partnership that will bring Sovos’ market-leading e-invoicing capabilities to Intuit customers, starting with QuickBooks
In Biotechnology news this week…
10x Genomics Unveils Xenium Protein for Spatial Biology by Same-Cell Analysis
10x Genomics, a global leader in single cell and spatial biology, announced the launch of Xenium Protein, the newest addition to its Xenium Spatial platform.
In Chemicals news this week…
Kraton and International Paper Execute Strategic Continuity of Services Agreement
Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine chemicals, announced the execution of agreements with International Paper.
In Defence Technology news this week…
RTX’s Raytheon signs MOU with Diehl Defence for Stinger missile co-production
Raytheon, an RTX business, and Diehl Defence have signed a memorandum of understanding to co-produce key elements of the Stinger missile.
In Energy, Power & Sustainability news this week…
Schneider Electric Acquires WattBuy to Drive U.S. Residential Electrification
WattBuy, a software company delivering personalized energy insights and electrification solutions for residential customers, announced its acquisition by Schneider Electric.
In Food & Beverages news this week…
Digi Acquires Jolt to Accelerate ARR Growth and Strengthen SmartSense’s Market-Leading Offerings
Digi International, a leading global provider of business and mission-critical Internet of Things (IoT) products, services and solutions, announced its acquisition of Jolt Software, Inc.,
In Healthcare news this week…
TigerConnect Acquires eVideon to Power the Next-Generation of Smart Room Solutions
TigerConnect, healthcare’s leading clinical collaboration platform, announced the acquisition of eVideon, a leader in hospital smart room technology and digital patient engagement.
In Internet of Things news this week…
Tanium and World Wide Technology form Alliance with Autonomous Endpoint Management Lab
Tanium, the leader in Autonomous Endpoint Management (AEM), announced the expansion of its long-standing partnership with World Wide Technology.
In Materials news this week…
Vertiv Completes Acquisition of Great Lakes Data Racks & Cabinets
Vertiv Holdings, a global provider of critical digital infrastructure, announced the successful completion of its previously reported intent to acquire the Great Lakes Data Racks & Cabinets.
In Logistics and Supply Chain news this week…
IFS Acquires 7bridges to Transform AI Supply Chains
IFS, the leading provider of Industrial AI software, announced the acquisition of 7bridges, a pioneer in AI-powered supply chain management solutions.
In Retail news this week…
Fabletics Deploys GreyOrange’s gStore to Transform In-Store Inventory Management
Fabletics, the world’s largest digitally native activewear brand, is rolling out GreyOrange’s gStore retail SaaS application.
In Semiconductors and Electronics news this week…
Infineon successfully completes acquisition of Marvell’s Automotive Ethernet business
Infineon Technologies, completed the acquisition of Marvell Technology, Automotive Ethernet business.
Article of the Week…
What Are Software-Defined Vehicles? A Beginner’s Guide to the Future of Automotive Tech
Software-defined vehicles (SDVs) represent an emerging automotive paradigm where software, rather than fixed hardware, controls the vehicle’s features and capabilities. In an SDV, most functions, from braking to infotainment are implemented via code on centralized computing platforms. In contrast, traditional vehicles rely on hardware-dominated design, each function (braking, engine control, etc.) has its own dedicated electronic control unit (ECU). Over the last decade, cars have grown extremely complex. For example, U.S. Department of Homeland Security noted that a typical modern car has about 50 ECUs and over 100 million lines of software code. Likewise, a government audit observed that even ‘low-end’ vehicles today may contain on the order of 100 million lines of code. These figures underscore that cars are increasingly large software systems. SDVs embrace this reality by letting software updates and apps define functionality.