Engineering Tech

Kioxia to Acquire Chubu Toshiba Engineering

Kioxia Holdings Corporation has entered into a definitive agreement with Toshiba Digital Solutions Corporation (a subsidiary of Toshiba Corporation TSE:6502) to acquire all of the outstanding shares of its subsidiary, Chubu Toshiba Engineering (CTE) Corporation, to further strengthen Kioxia Group’s technology development capabilities. Acquisition of the shares will be completed in the first half of 2022, following completion of the necessary procedures, and CTE will become a wholly-owned subsidiary of Kioxia Corporation.

Specializing in semiconductor related hardware and software design, prototyping and evaluation, CTE is well-experienced in semiconductor manufacturing technologies covering areas from development to mass production while building sophisticated technical capabilities over many years. The firm has also provided its engineering services to Kioxia Corporation in the past. Integrating CTE brings in-house highly experienced engineering talent in semiconductor development while enabling cost efficiencies which together will improve enterprise value. The acquisition will enhance Kioxia’s technology development capabilities, as well as deliver synergies across the design, operation, and production of its manufacturing plants.

Kioxia is cultivating a new era of memory with its world class solutions, as it strives towards the mission of “uplifting the world with memory”. The company remains committed to developing initiatives to strengthen the competitiveness of its memory and SSD business.

About Kioxia
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with memory by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.

Spotlight

Spotlight

Related News

Materials, Construction

Continental Cement Teams Up with CemAI on Digital Solution for Hannibal Cement Plant

PR Newswire | January 04, 2024

CemAI, Inc. has teamed up with Continental Cement Company L.L.C.'s (Continental Cement) Hannibal, MO plant to install CemAI's predictive and prescriptive maintenance solution, combining a unique licensed software with a continuous monitoring and incident resolution service to further enhance its cement manufacturing performance." The CemAI solution uses Continental Cement's existing historical and real-time manufacturing data and applies machine learning, artificial intelligence and remote monitoring by cement experts to complement the expertise of Continental's local plant maintenance and reliability teams. This robust solution brings plant maintenance into the digital age." "We considered a number of approaches to utilizing our data to improve our maintenance efforts, eliminate downtime and increase equipment reliability," says Timothy J. Noud, Vice President of Manufacturing at Continental Cement. "CemAI offers a cement-centric, end-to-end machine learning/artificial intelligence service solution." Continental Cement has built its business on consistent quality, superior service, and delivering a safe working environment since they began producing cement at their Hannibal location in 1903. A leader in innovation and sustainable cement production, Continental Cement provides high quality cement for projects along the Mississippi corridor and is a subsidiary of Summit Materials, Inc. " "CemAI is proud to be collaborating with an industry leader on innovative ways to use data," says Scott Ziegler, Chief Executive Officer for CemAI. "We thank Continental Cement for their confidence in the CemAI solution to provide increased efficiency, improved reliability and optimized operations."

Read More

Design, Mechanical and Motion Systems, Engineering Tech

SPX FLOW Launches Universal 2 ND Pump Series Designed Uniquely for Industrial Market

PR Newswire | January 29, 2024

SPX FLOW, has released the Universal® 2 ND Positive Displacement Pump (U2 ND) Series designed with industrial users in mind. The pumps offer the quality and durability the Waukesha Cherry-Burrell brand is known for while optimizing cost and suitability for the industrial market. The U2 ND series significantly expands the WCB pump range, aimed at enhancing reliability and performance across industrial applications while outperforming other pump styles, such as industrial lobe, gear or progressive cavity pumps.The design features improvements uniquely suited for industrial applications, including: Total cost of ownership: The pumps ensure a long running life, given their robust construction materials and designs tailored for each application. Because of its high volumetric efficiency, the pumps can be used to dose fluids, eliminating the need for an additional metering pump.  Efficiency: The U2 ND pump reduces slip, which occurs when fluids move backward from the liquid flow due to internal clearances. Lower slip means more efficiency, reducing the need for higher horsepower motors. Also, the series can process fluids over longer spans due to its high-pressure capability, which reduces the need for multiple pumps in these applications. Reliability: WCB is a proven and trusted global brand dating back to the 1880s. The pumps are made with durable, corrosive-resistant materials compatible with industrial environments. A robust design, equipped with industrial flanges or sanitary fittings, ensures manufacturers can choose the configuration to meet their needs.  Additionally, an extensive sales channel and domestic manufacturing footprint support this pump series, enabling quick deliveries on standardized parts across the entire Universal pump product line. The U2 ND series is complemented by the Universal Industrial 5000 series, which is tailored for users who require OEM (Original Equipment Manufacturer) seals for their industrial pumping operations. Julien Bassett, Pumps Global Product Manager: "Waukesha Cherry-Burrell has extensive experience offering pumps to customers built with their needs in mind. We wanted to expand our offerings to provide quality and durability of the SPX FLOW brand while catering to the unique needs of industrial manufacturers and their applications."

Read More

Construction

VOLLERS, Inc. Enhances its Portfolio with the Strategic Acquisition of LAYOUT, Inc.

PR Newswire | January 02, 2024

VOLLERS, Inc. (VOLLERS), the holding company that owns or partners with quality construction services brands such as Vollers Excavating, HVI Services, Aspen Landscaping and Assuncao Brothers, Inc., proudly announces the acquisition of Layout, Inc. (Layout), one of New Jersey's most recognized construction survey firms. This acquisition broadens VOLLERS' array of services in the construction industry through its distinct and operationally independent entities. Brendan Murray, current President of VOLLERS, will expand his leadership role by assuming the role of President at Layout. Giuseppe Messina Jr., from VOLLERS, has been appointed as Vice President of Survey at Layout. James Flores, from Layout, has been appointed as Director of Project Management. "Success in construction is not just about project completion; it's about fostering a culture of efficiency, innovation, and excellence. We're not just building projects, we're building companies that lead the construction industry," states Brendan Murray. "Adding Layout, Inc. to the VOLLERS family of companies enriches our mission and enhances our service offerings across the entire construction community." Layout comes to VOLLERS as a robust business with a strong history of managing complex and substantial infrastructure projects in the region. The synergy between VOLLERS and Layout promises significant value for clients, combining VOLLERS' world-class management capabilities with Layout's surveying expertise to meet evolving market demands with industry-leading effectiveness. "I am very honored to be given the opportunity to bring these two well-respected organizations together," says Giuseppe Messina Jr. "I look forward to leading a diverse and talented team in our unwavering commitment and dedication to providing top-tier service in the Survey industry."

Read More