The high computing power needed for artificial intelligence (AI) applications is causing increased demand on memory systems used in graphics processing units (GPUs) and data centers. Meeting this demand will require innovative memory solutions. One such innovation, known as high-bandwidth memory (HBM) forms a core element of the race for AI technology and its demand…
August 7, 2024
On June 20, 2024, Hanwha Ocean made a $100 million bid to buy Philly Shipyard in South Philadelphia from its Norwegian owner, Anker ASA. While the deal is yet to receive final regulatory approval, it was nevertheless met with praise from the chair of Philly Shipyard ASA and Secretary of the Navy Carlos Del Toro.…
August 2, 2024
America’s leadership and competitiveness in the 21st century will demand a revival of certain sectors in its storied industrial base. With escalating naval buildups in the Indo-Pacific region and intensifying bottlenecks in global trade, shipbuilding is one such key sector that should help to maintain the United States’ economic and security edge. Once considered the…
July 31, 2024
A $32 million subsidy to Hyundai Mobis, a subsidiary group of South Korea’s Hyundai Motor Group that specializes in auto parts manufacturing, from the Biden administration on July 11 is set to help secure US electric vehicle (EV) supply chains. It came as part of $1.7 billion in Domestic Automotive Manufacturing Conversion grants from the…