Schneider Electric | November 15, 2021
Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced it will build and equip three new manufacturing plants in North America and hire more than 1,000 new employees to increase production and speed the delivery of electrical products to customers in Canada, Mexico, and the U.S.
Company officials are currently evaluating locations in Santa Teresa, New Mexico and El Paso, Texas for the U.S. manufacturing site. Land owned by Schneider Electric in Tlaxcala, Mexico will be used to build a new manufacturing plant expanding its presence in the city. The company is also evaluating existing buildings in Mexico City, Mexico to renovate into a manufacturing operation. The company plans to start construction and renovation before the end of 2021 with an ambition to increase its workforce to manufacture circuit breakers, switchboards, panelboards, and medium voltage switchgear for use in data centers, infrastructure, and homes by late 2022.
“Our future is calling for a more resilient and sustainable supply chain and that’s exactly what we’re seeking to deliver with this latest investment,By continuing to invest in modern, digitally enabled manufacturing, we're increasing capacity to minimize interruption risk when unforeseen challenges occur and reduce wait time for customers.”
Annette Clayton, CEO and President, Schneider Electric North America
Schneider Electric is also focused on shortening its regional supply chain. Beyond bolstering its manufacturing capacity, Schneider Electric has vetted and approved more than one hundred alternate suppliers and secured strategic buys of industry-constrained raw materials to support increased demand and improve continuity of supply, respectively.
Schneider Electric’s supply chain investments of more than $100 million in 2021 and 2020 will enable the company to build and equip the new plants to increase manufacturing capacity. The monies have also been used to purchase new equipment and tooling to build components used for production, and to hire, train, and upskill its workforce within its regional manufacturing network.
Earlier this year, Schneider Electric was ranked fourth in Gartner’s closely watched annual ranking of corporate supply chains, marking the second consecutive year it was placed in the Top 5. Additionally, three of its factories, including its Lexington, KY operation, have earned the distinction of 4th Industrial Revolution (4IR) Advanced Lighthouse by the World Economic Forum for incorporating 4IR technologies such as artificial intelligence and the Internet of Things into its manufacturing and supply chain operations. The Kentucky plant was also recognized recently by the World Economic Forum as a Sustainability Lighthouse—one of only three worldwide for achieving sustainability and productivity breakthroughs.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Sectigo | June 10, 2020
Sectigo, a leading provider of digital identity management and web security solutions, announced that the company's IoT Identity Manager has won the Best IoT/IIoT Solution in Europe award. The prestigious SC Awards Europe are hosted by SC Media and judged by an extensive panel of cybersecurity officers, scientists, and executives across industries.
The Sectigo IoT Identity Platform removes the complexity associated with securing and authenticating connected devices so that enterprises can protect their IoT infrastructure in a way that is scalable, cost-effective, and easy-to-manage. The solution enables IoT OEMs to build strong identity and security solutions into their devices. This ensures that only authenticated and legitimate devices connect to the network, blocking malicious intrusions and protecting devices within enterprises and critical ecosystems, such as industrial automation, medical, automotive, and consumer electronics—all of which present extraordinary risks to life and critical infrastructure if compromised.
Foxconn Technology Group, Socionext Inc., Hailo | May 13, 2020
Foxconn, a global leader in smart manufacturing, is joining Socionext, a major provider of advanced SoC solutions for video and imaging systems, and leading AI chipmaker Hailo.
The new combination provides market-leading energy efficiency for standalone AI inference nodes, benefiting applications including smart cities, smart medical, smart retail, and industrial IoT.
Foxconn has already deployed several in-house developed AI solutions on different production lines.
Foxconn, a global leader in smart manufacturing, is joining Socionext, a major provider of advanced SoC solutions for video and imaging systems, and leading artificial intelligence (AI) chipmaker Hailo to launch the next-generation AI processing solution for video analytics at the edge.
Foxconn has combined its high-density, fan-less, and highly efficient edge computing solution, "BOXiedge™", with Socionext's high-efficiency parallel processor "SynQuacer™" SC2A11, and the Hailo-8™ deep learning processor. The new combination provides market-leading energy efficiency for standalone AI inference nodes, benefiting applications including smart cities, smart medical, smart retail, and industrial IoT.
In a global AI market forecasted by research firm IDC to approach $98.4 billion in revenue in 2023, this joint solution helps address the need for cost-effective multiprocessing capabilities required in video analytics, image classifications, and object segmentation. The robust, high-efficiency product is capable of processing and analyzing over 20 streaming camera input feeds in real-time, all at the edge. The result is a high-density, low-power, complete local VMS server, ensuring top performance for video analytics and privacy, including image classification, detection, pose estimation, and various other AI-powered applications - all in real time.
Read more: Plex Systems Annual Study Finds Only 24% of Manufacturers Globally Have Implemented a Smart Manufacturing Initiative
"Our vision at Foxconn is to pave the way for next generation AI solutions," said Gene Liu, VP of Semiconductor Subgroup at Foxconn Technology Group. "We are confident that this strategic collaboration with our long-standing partner, Socionext, alongside Hailo, will do more than that. We recognize the great potential in adopting AI solutions for a multitude of applications, such as tumor detection and robotic navigation. This is why we are proud to say that our edge computing solution combined with Hailo's deep learning processor will create even better energy efficiency for standalone AI inference nodes to positively impact rapidly evolving sectors including smart cities, smart medical, smart retail, and industrial IoT.
Foxconn has already deployed several in-house developed AI solutions on different production lines, leading to an improvement in reporting accuracy from 95% to 99% and a reduction of at least one third of the operating costs for appearance defect inspection projects.
We are very pleased with this joint effort by the companies, and to officially announce our strategic partnership with Hailo. This collaboration will lead to more innovative solutions that specifically address the growing demand from our AI customers in multiple sectors. We are confident that this product will enable endpoint devices to operate with better performance, lower power, more flexibility, and minimal latency.
- Noriaki Kubo, Executive Vice President at Socionext
Hailo's specialized Hailo-8™ deep learning processor delivers unprecedented performance to edge devices. Featuring up to 26 Tera Operations Per Second (TOPS), the chip is built with an innovative architecture that enables edge devices to run sophisticated deep learning applications that could previously only run on the cloud. Its advanced structure translates into higher performance, lower power, and minimal latency, enabling enhanced privacy and better reliability for smart devices operating at the edge.
We are thrilled to announce our collaboration with two of the global leaders in AI solutions. Our deep learning processor significantly upgrades the capabilities of smart devices operating at the edge, and this collaboration will impact a wide range of industries increasingly driven by edge technology. A new generation of chips means a new generation of capabilities at the edge.
- Orr Danon, CEO and Co-Founder of Hailo
The next generation of the BOXiedge AI computing solution is equipped with applications for a broader market relying on low latency, a high data rate, high reliability, and quick processing at the edge. Smart retail and smart cities, for instance, require hundreds of cameras - either in-store or in traffic monitoring - to generate video streams that need to be processed locally, quickly, and efficiently with minimal latency. Similarly, for industrial IoT, where every split-second counts, data acquiring, processing, inferencing, and presenting on the production floor rather than in the cloud translates into significant cost savings along with more efficient processing for tasks such as inspection and quality assurance.
Read more: Trend Micro Research Identifies How Hackers Could Leverage New Attack Methods to Sabotage Industry 4.0
About Foxconn Technology Group:
Established in 1974, Foxconn Technology Group ("Foxconn") is a leading technological solution provider, that has leveraged its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. By capitalizing on its expertise in Cloud Computing, Mobile Devices, IoT, Big Data, AI, Smart Networks and Robotics/Automation, Foxconn has expanded capabilities in four key technologies – Data Tech, Analytics Tech, Platform Tech, and Operations Tech. The company has research centers and testing laboratories internationally and has received more than 83,500 patents worldwide. In addition to maximizing value-creation for customers, Foxconn is also dedicated to enhancing the concept of environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises.
About Socionext Inc.:
Socionext is a global, innovative enterprise that designs, develops and delivers System-on-Chip based solutions to customers worldwide. The company is focused on technologies that drive today's leading-edge applications in consumer, automotive and industrial markets. Socionext combines world-class expertise, experience, and an extensive IP portfolio to provide exceptional solutions and ensure a better quality of experience for customers. Founded in 2015, Socionext Inc. is headquartered in Yokohama, and has offices in Japan, Asia, United States and Europe to lead its product development and sales activities.
Hailo, an AI-focused, Israel-based chipmaker, has developed a specialized deep learning processor that delivers the performance of a data center-class computer to edge devices. Hailo's AI processor is the product of a rethinking of traditional computer architecture, enabling smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real time, with minimal power consumption, size, and cost. The deep learning processor is designed to fit into a multitude of smart machines and devices, impacting a multitude of sectors including automotive, industry 4.0, smart cities, smart homes, and retail. The company was founded in 2017 by members of the Israel Defense Forces' elite technology unit.