Brooks Instrument announced the acquisition of Creative Machining Technology of Corona, California. The acquisition took place April 1, 2024, under Illinois Tool Works (ITW), Brooks Instrument’s parent company.Creative Machining Technology (CMT) provides a variety of machining and manufacturing services, ranging from individual part production...
In March, Nexperia, a leading manufacturer of silicon-based processors based in The Netherlands, and a subsidiary of China-based Wingtech Technology, was the victim of a ransomware attack. The hack has been attributed to a RaaS group called Dark Angels, or...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British retail sales unexpectedly stagnated in March as a contraction in food and department store purchases offset growth at clothing stores and...
Hexagon’s Asset Lifecycle Intelligence division, which specializes in digital reality solutions that combine sensor, software and autonomous technologies, recently announced a strategic partnership with leading OT cybersecurity provider Dragos. According to a release outlining the partnership, the companies want to "revolutionize OT cybersecurity...
The digital revolution has transformed how businesses operate, but it's also opened a Pandora's box of cyber threats. As reliance on technology deepens, so do the potential consequences of cyberattacks. From data breaches to sophisticated hacking attempts, organizations face a...
Everything old … is new again. While that might seem like a natural lead-in for discussing hacker tactics, that same mantra rings true when discussing OT technology. Mordor Intelligence recently reported that U.S. manufacturing spent over $307 billion on digital...
Vicinity Motor Corp., a supplier of mid-size buses and fully electric Class 3 work trucks, announced the appointment of Brent Phillips as President.As President, Phillips will lead the sales, assembly, procurement and engineering teams, while also setting the direction and expansion...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given...
Chemists at the Department of Energy’s Oak Ridge National Laboratory have invented a more efficient way to extract lithium from waste liquids leached from mining sites, oil fields and used batteries. They demonstrated that a common mineral can adsorb at...
WestRock Company announced plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, to meet growing demand from customers in the Great Lakes region. The company intends to close its existing plant in North Chicago when construction of...
