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GlobalFoundries Joins World Economic Forum's Global Lighthouse Network for Manufacturing Excellence
Globenewswire· 2025-09-16 08:10
Core Insights - GlobalFoundries' 300mm fab in Singapore has been designated as part of the Global Lighthouse Network by the World Economic Forum, recognizing its leadership in deploying Fourth Industrial Revolution technologies [1] - The company is leveraging digital capabilities, including AI and machine learning, to enhance safety, cost, quality, and productivity across its manufacturing operations globally [2] - Strategic partnerships with academia, solution providers, and government agencies are being strengthened to build a robust pipeline of digital talent and co-develop innovative solutions [3] Digital Transformation and Innovation - GlobalFoundries has deployed over 60 smart manufacturing solutions since 2020, demonstrating significant improvements in cost, quality, and productivity [2] - The company is focused on re-engineering operations through digital innovation to deliver high-quality semiconductors that meet the demands of rapidly evolving markets such as mobile, automotive, and IoT [5] - The AI Centre of Excellence in Singapore is advancing the adoption of Industry 5.0, reshaping the workforce with digital solutions for current and future talent [5] Ecosystem and Collaboration - As part of the Global Lighthouse Network, GlobalFoundries aims to cross-learn and innovate alongside other global Lighthouse sites [4] - The company emphasizes the importance of holistic transformation, embedding digital innovation, resilience, sustainability, and customer centricity into its operations [5] - Continued investment in cutting-edge technologies and strategic partnerships is crucial for reinforcing Singapore's position as a key global semiconductor manufacturing site [5]
GlobalFoundries Joins World Economic Forum’s Global Lighthouse Network for Manufacturing Excellence
Globenewswire· 2025-09-16 08:10
Core Insights - GlobalFoundries' Singapore facility has been recognized by the World Economic Forum as part of the Global Lighthouse Network for its advancements in Industry 4.0 technologies, particularly in AI and machine learning [1][5] - The company is focused on leveraging digital capabilities to enhance safety, cost efficiency, quality, and productivity across its global operations [2][5] - Strategic partnerships with academia, solution providers, and government agencies are being developed to strengthen the digital talent pipeline and co-develop innovative solutions [3][5] Digital Transformation and Innovation - GlobalFoundries has deployed over 60 smart manufacturing solutions since 2020, utilizing AI, machine learning, IoT, and advanced analytics to achieve significant improvements in manufacturing [2] - The company aims to transition from Industry 4.0 to Industry 5.0, reshaping its workforce with the latest digital solutions and building a robust digital ecosystem [5] Strategic Positioning - The recognition as a Lighthouse site underscores the critical role of the Singapore facility in GlobalFoundries' global manufacturing strategy, alongside its facilities in the U.S. and Dresden [5] - The company is committed to investing in cutting-edge technologies and talent development to reinforce Singapore's position as a key global semiconductor manufacturing hub [5][6]
ERIC to Drive Advanced Technology Research in India: Stock to Gain?
ZACKS· 2025-03-18 16:37
Group 1: Partnership and Research Initiatives - Ericsson has partnered with Bharti Airtel and Volvo Group in India to expand research in AI, Digital Twin, and Extended Reality Technologies for manufacturing processes [1] - The collaboration aims to utilize advanced 5G technology to enhance the adoption of Industry 4.0 and Industry 5.0 standards in India [1][2] Group 2: Technological Advancements and Applications - The advanced 5G network will support industrial XR applications, enabling real-time simulations, design prototyping, and immersive training across factories [2] - Research will be conducted at Volvo's factory and R&D Centre in Bangalore, focusing on industrial metaverse applications and immersive concepts in manufacturing [2][3] Group 3: Impact on Industrial Operations - Findings from the research are expected to transform industrial operations by improving workforce training, optimizing processes with AI, and increasing production efficiency [3] - The initiative will enhance network readiness for technologies like Industrial XR and support the development of advanced communication solutions for smart factories [3] Group 4: Market Position and Performance - Ericsson is well-positioned to benefit from the growing demand for advanced technologies across various sectors, driven by the need for operational efficiency and new revenue streams [5] - The company has seen its shares increase by 51.2% over the past year, outperforming the industry growth of 46.4% [7] Group 5: Competitive Landscape - Ericsson is the largest supplier of LTE technology globally, with a significant market share and numerous LTE networks established worldwide [6] - The company has a Zacks Rank of 3 (Hold), indicating a stable position in the market [8]