Royal Philips Electronics NV, the largest maker of lights, says it plans to cut 2,200 jobs by 2014 to save €300 million ($383 million) per year. Saving money will lessen "the effects of macro-economic headwinds and changes in pension cost accounting" said Philips Chief Executive Officer Frans van Houten in a statement.
By most indications, tech companies in this hub of innovation are humming along, even as Facebook and Zynga endure steep declines in their stock prices that have wiped out more than $60 billion in wealth in the past six months. Companies catering to mobile devices, business software and data management products are thriving.
Industries are experiencing a growing need for sensors, switches and devices that monitor the surrounding environment; for example, in industrial applications, the proximity of devices may need to be monitored for efficiency and sustainability reasons. These applications require sensors to monitor and report conditions that enable an automated system to make intelligent decisions based on the sensor data received.
Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection. Eastman Kodak Co. said it cut approximately 2,700 employees worldwide since the beginning of the year, and plans to eliminate roughly 1,000 more by 2012's end. Annual savings from these cuts should reach about $330 million, the company said Monday in a regulatory filing.
The 7-inch touchscreen tablet comes with 50 preinstalled apps selected for children, including games such as Angry Birds and Fruit Ninja, and a book app called istorybooks. It will retail for $149.99 and runs on Google Inc.'s Android operating system. Toys R Us sells other electronics including Apple Inc.'s iPad, but this is its first store-brand tablet.
Bill Moggridge, a British industrial designer who designed an early portable computer with the flip-open shape that is common today, has died. He was 69. Moggridge is credited with the design of the Grid Compass, a computer that had a keyboard and yellow-on-black display that sold for $8,150 when it was released in 1982. It was encased in magnesium and seen as rugged, and was used by the U.S. military.
element14, the first collaborative community and electronics store for design engineers and electronics enthusiasts and a part of global electronics distributor Premier Farnell [LON:PFL], announced today that it is co-sponsoring two free 1-hour webinars with Freescale Semiconductor entitled, “Energy efficient designs made simple with the rich enablement of Kinetis L series microcontrollers."
This deal is a major coup for the UK manufacturing industry and represents a return home for the innovative British-designed Raspberry Pi, which to date has only been manufactured in China. Utilising Sony UK Technology Centre’s state of the art lean manufacturing techniques, the site will be initially produce over 300,000 units for customers across the world and is expected to create up to 30 additional jobs.
That means LG Electronics USA is pushing out its set with so-called "4K" resolution before Sony Corp., which will have a similar set in stores in December for $25,000. The set's resolution will be 3,840 by 2,160 pixels, which compares with 1920 by 1080 pixels for today's best HDTVs.
Intel chips go into about 80 percent of personal computers and into a vast number of servers as well, making it a bellwether for spending on computers. The company now expects revenue of about $13.2 billion, but says that figure could be up or down $300 million. Its prior guidance was for revenue between $13.8 billion and $14.8 million.
Amazon.com Inc. refreshed its Kindle line of gadgets on Thursday. It updated its Kindle Fire tablet computer and announced new stand-alone e-reader models. The Fire will be an effort to take a larger share of a tablet computer market dominated by Apple's iPad.
Cloud technology is proliferating throughout corporations around the globe, and manufacturing companies have been among the earliest adopters of cloud-based solutions. New technologies are fueling a rapid decline in storage and bandwidth pricing, important economic factors which drive the selection of cloud-based solutions over on-premise solutions for manufacturers of all sizes.
The group called AntiSec has released a link to a database of more than 1 million unique identification numbers for Apple devices, which could include iPhones and iPads. AntiSec said the data is just a piece of the more than 12 million unique identification numbers and personal information on the device owners that it got from a laptop used by an FBI agent.
Small is big for Murata: The Japanese electronics maker has developed the world's tiniest version of a component known as the capacitor. And that's potentially big business. Capacitors, which store electric energy, are used in the dozens, even in the hundreds, in just about every type of gadget — smartphones, laptops, parts for hybrid cars, medical equipment and digital cameras.
After spending a year gazing at Vesta, NASA's Dawn spacecraft was set to cruise toward the most massive space rock in the asteroid belt between Mars and Jupiter — a voyage that will take nearly three years. Firing its ion propulsion thrusters, Dawn had been slowly spiraling away from Vesta for more than a month until it was to pop free from its gravitational grip.
Australian miner Lynas Corp. says it has secured the Malaysian government's approval to fire up a controversial rare earths plant. The operating license ends months of delays sparked by safety concerns surrounding the Australian company's plans to process rare earths crucial for manufacturing high-tech products.
Traditional analytics technologies have long been deployed by manufacturers to analyze the performance after the fact. Focus is shifting to predictive applications which can identify and correct issues before they become widespread. Manufacturers are increasingly leveraging technologies developed in web search, social media and related consumer-oriented areas to drive benefits in manufacturing areas like quality and supply chain.
GPS manufacturer Trimble Navigation Ltd. said Monday that it has agreed to buy TMW Systems Inc., a privately held provider of enterprise software to transportation and shipping companies, for $335 million in cash. TMW's software platform is used to manage the operations of transportation companies, store data and automate certain tasks. The company is based in Beachwood, Ohio, and has 500 employees.
ASML Holding NV says that Samsung Electronics Co. has agreed to buy a 3 percent stake in it for $625 million, following the lead of other key computer chip manufacturers Intel Corp. and Taiwan Semiconductor Manufacturing Company Ltd. In July, Intel bought 15 percent of the Dutch company, and earlier this month, TSMC bought 5 percent. Like the others, Samsung will also help ASML invest in research and development.
Samsung Electronics co. will spend $4 billion renovating its plant in the U.S. to increase production of advanced chips used in smartphones and tablet computers. Samsung's Tuesday announcement is its latest push into the lucrative logic chip business.
It turns out your digital identity can be a rather fluid concept these days. That shouldn’t come as a surprise to anyone, given the increased prevalence of security incidents and high-profile hacks that take place today. But once in awhile the details of someone’s hacking story are cause for serious examination and concern. Technology blogger Mat Homan is the subject of one such story.
A federal jury had previously awarded Mformation $147.2 million for RIM infringing on a 1999 invention for remotely managing wireless devices.
The president may use his authority to issue orders for private industry to meet security standards to protect their computer networks from attacks by hackers.
The company will take a massive charge against its earnings for the latest quarter, leading to the largest quarterly loss in HP's 83-year history.
IDC says Samsung and other phone makers shipped nearly 105 million Android smartphones in the second quarter, and claim 68 percent of the worldwide market.