Latest news with #MitsubishiElectric
Globe and Mail
6 days ago
- Business
- Globe and Mail
Lattice and Mitsubishi Electric Collaborate to Deliver Next-Gen Industrial Automation Experiences
Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its low power Lattice CertusPro™-NX FPGAs now enable Mitsubishi Electric 's Computerized Numerical Controller (CNC) solutions to bring power efficient and reliable factory automation experiences. This collaboration was announced at the Lattice APAC Tech Summit in Tokyo, where Mitsubishi Electric participated as a guest keynote speaker. Hosted today, Lattice APAC Tech Summit showcased the company's latest low power FPGA technology with industry leaders including Mitsubishi Electric, Desay, Furukawa AS, Glory LTD, LIPS, and NXP alongside more than 150 customers and partners in the APAC region. Mitsubishi Electric's industry-leading CNC solutions leverage the cutting-edge interface bridging capabilities of Lattice CertusPro-NX FPGAs to create high accuracy, adaptability, and efficient real-time processing. These features are ideal for a variety of Industrial applications, including machine building, Automotive, and electronics. "We are excited to collaborate with Mitsubishi Electric to enhance their CNC solutions and provide improved precision and efficiency in their manufacturing processes,' said Takahiro Mitsuya, VP of Japan Sales, Lattice Semiconductor. 'Together, we are delivering advanced factory automation experiences with our FPGA solutions that offer class-leading power efficiency, system bandwidth, reliability, and smallest-in-class form factor, helping manufacturers stay competitive in a rapidly evolving industry." "By integrating Lattice's innovative low power FPGA technology, known for its high-speed processing and real-time feedback capabilities, with Mitsubishi Electric's robust CNC systems, we are poised to deliver unparalleled performance and reliability to our customers, driving the future of smart manufacturing," said Yutatsu Kanemoto, Sr. Manager of NC Hardware System Section, Mitsubishi Electric Corporation. For more information on the technology mentioned, please visit: Lattice CertusPro-NX FPGAs About Lattice Semiconductor Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, X, Facebook, YouTube, WeChat, or Weibo. Lattice Semiconductor Corporation, Lattice Semiconductor (& design), and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries. The use of the word 'partner' does not imply a legal partnership between Lattice and any other entity.
Business Wire
6 days ago
- Business
- Business Wire
Lattice and Mitsubishi Electric Collaborate to Deliver Next-Gen Industrial Automation Experiences
HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its low power Lattice CertusPro™-NX FPGAs now enable Mitsubishi Electric 's Computerized Numerical Controller (CNC) solutions to bring power efficient and reliable factory automation experiences. This collaboration was announced at the Lattice APAC Tech Summit in Tokyo, where Mitsubishi Electric participated as a guest keynote speaker. Hosted today, Lattice APAC Tech Summit showcased the company's latest low power FPGA technology with industry leaders including Mitsubishi Electric, Desay, Furukawa AS, Glory LTD, LIPS, and NXP alongside more than 150 customers and partners in the APAC region. Mitsubishi Electric's industry-leading CNC solutions leverage the cutting-edge interface bridging capabilities of Lattice CertusPro-NX FPGAs to create high accuracy, adaptability, and efficient real-time processing. These features are ideal for a variety of Industrial applications, including machine building, Automotive, and electronics. "We are excited to collaborate with Mitsubishi Electric to enhance their CNC solutions and provide improved precision and efficiency in their manufacturing processes,' said Takahiro Mitsuya, VP of Japan Sales, Lattice Semiconductor. 'Together, we are delivering advanced factory automation experiences with our FPGA solutions that offer class-leading power efficiency, system bandwidth, reliability, and smallest-in-class form factor, helping manufacturers stay competitive in a rapidly evolving industry." "By integrating Lattice's innovative low power FPGA technology, known for its high-speed processing and real-time feedback capabilities, with Mitsubishi Electric's robust CNC systems, we are poised to deliver unparalleled performance and reliability to our customers, driving the future of smart manufacturing," said Yutatsu Kanemoto, Sr. Manager of NC Hardware System Section, Mitsubishi Electric Corporation. For more information on the technology mentioned, please visit: Lattice CertusPro-NX FPGAs About Lattice Semiconductor Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, X, Facebook, YouTube, WeChat, or Weibo. Lattice Semiconductor Corporation, Lattice Semiconductor (& design), and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries. The use of the word 'partner' does not imply a legal partnership between Lattice and any other entity. GENERAL NOTICE: Other product names used in this publication are for identification purposes only and may be trademarks of their respective holders.
Yahoo
09-07-2025
- Business
- Yahoo
Process Instrumentation Market Size to Reach USD 27.93 billion by 2031 with a 5.8% CAGR, Experiences Growth with Rising Industrial Automation Across the Globe
NEW YORK, July 9, 2025 /PRNewswire/ -- According to a comprehensive new report from The Insight Partners, the global Process Instrumentation market is observing healthy growth owing to the rising industrial automation across the globe. The Process Instrumentation market is expected to reach US$27.93 billion by 2031 from US$19.18 billion in 2024; it is expected to record a CAGR of 5.8% during the forecast period. Instrumentation aids in preventive maintenance, resolving problems before they escalate, and fine-tuning processes to improve their efficiency. Thus, the rising adoption of industrial automation drives the process instrumentation market growth. The report runs an in-depth analysis of market trends, key players, and future opportunities. Several key factors drive the Process Instrumentation market. As organizations scale operations and expand geographically, the need to manage high volumes of processes efficiently is pushing adoption of process instrumentation. To explore the valuable insights in the Process Instrumentation Market report, you can easily download a sample PDF of the report - Overview of Report Findings Rising Industrial Automation: Adoption of automation in the industrial sector is growing across the globe. Manufacturers are becoming more conscious of the major benefits associated with capital expenditure, product quality, and time to market. Industrial automation is helping manufacturers by eliminating the need for manual labor and speeding up processes. Several market players are providing industrial automation solutions, such as Mitsubishi Electric, Omron Corp., and Rockwell Automation. These players are involved in the launch of industrial automation platforms. For instance, in April 2023, Rockwell Automation, Inc. launched FactoryTalk OptiX. The FactoryTalk Optix is a contemporary cloud-enabled human-machine interface (HMI) platform that enables users to create, test, and launch apps from a web browser at any time or place. It assists clients in realizing their vision by utilizing new degrees of interconnection, scalability, and cooperation in industries. Expansion of Chemical Industry: Process instrumentation, including sensors, analyzers, and control systems, plays a key role in ensuring product quality, optimizing production processes, and complying with stringent regulatory standards. Government initiatives and investment will contribute to these sectors' growth. For instance, the Indian government's robust support for the pharmaceutical sector through initiatives such as the Production Linked Incentive (PLI) scheme, the Promotion of Research and Innovation in Pharma MedTech sector (PRIP) scheme, and the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) is accelerating domestic manufacturing and innovation. This surge in production capacity and technological advancement significantly boosts the demand for process instrumentation to ensure quality control, regulatory compliance, and operational efficiency. For Detailed Process Instrumentation Market Insights, Visit: Growing Need for Efficient Energy: Rapid industrialization in Brazil, India, and China is a significant contributor to the adoption of process instrumentation. Industries such as chemicals, oil & gas, and power generation continue to be large energy consumers. As a result, countries are responding to energy efficiency programs with policies and programs to guide specific changes in energy use across sectors. For example, China's economy is energy-intensive due to a huge number of manufacturing industries. The Central Government of China has continued to develop measures to increase building energy efficiency. Energy appliance regulations and labeling, as well as energy service corporations (ESCOs), have all played crucial roles in this. China's 14th Five-Year Plan (2021–2025) contains a mandatory national target to lower energy intensity by 13.5% below 2020 levels by 2025. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific, respectively. Asia Pacific is expected to register the highest CAGR during the forecast period. Stay Updated on The Latest Process Instrumentation Market Trends: Market Segmentation Based on technology, the process instrumentation market is divided into flow meter, pressure and temperature sensor, analytical instrument, and level meter. The analytical instrument segment is anticipated to grow in the forecast period. Based on application, the process instrumentation market is divided into oil and gas, energy and power, water and wastewater, food and beverage, marine, petrochemical, chemical, and others. The energy and power segment are anticipated to grow in the forecast period. Competitive Strategy and Development Key Players: A few of the major companies operating in the Process Instrumentation market are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Brooks Instrument, Schneider Electric, Siemens, Yokogawa Electric Corporation, Endress+Hauser Group Services AG, Metso Corporation, Fuji Electric Co, Ltd. Trending Topics: Industrial Automation Market, Robotic Process Automation Market, etc. Global Headlines on Process Instrumentation Market Endress+Hauser announces new compact product line for level and pressure measurement. The new compact product line from Endress+Hauser enables higher productivity, ease of use and offers optimal production scalability. The product line is specifically designed for use in the life sciences and food and beverage industries. The product line covers many hygienic applications, consisting of three measuring principles for measuring pressure, continuous levels and point levels. The new products offer optimal solutions for small vessels and a standardized and user-friendly design. Purchase Premium Copy of Global Process Instrumentation Market Size and Growth Report (2021-2031) at: Conclusion The demand for process instrumentation in Asia Pacific is primarily driven by the oil & gas and energy & power industries due to its ever-increasing population. The market is likely to record significant growth owing to increasing investments in clean energy infrastructure to meet the requirement for electricity, as well as reduce reliance on fossil fuels to generate energy. For instance, in June 2023, Latham & Watkins provided counsel to ICG, the global alternative asset manager, regarding its investment of US$ 50 million in Amp Energy India Private Ltd. (Amp India), a prominent renewable energy platform, with the potential to invest an additional US$ 50 million. This transaction represents the inaugural investment by ICG's Asia Pacific Infrastructure team, which operates across Asia and focuses on mid-market transactions, corporate-led deals, and the expansion of platforms with a strong dedication to sustainable infrastructure. This investment will facilitate Amp India's expansion strategy. ICG will collaborate closely with the company's highly skilled management team to further capitalize on the increasing demand for renewable energy in the region. With substantial government support and commitments toward decarbonization from major corporations, India's renewables market is projected to utilize 145GW over the next five years. This is anticipated to create opportunities for companies operating in the process instrumentation market to align their offerings with the goal of sustainable infrastructure and renewable energy projects in Asia Pacific. Trending Related Reports: The Ultrasonic Flow Meter Market is expected to register a CAGR of 6.4% from 2025 to 2031The Flow Meter Market is expected to register a CAGR of 5.8% from 2025 to 2031Electromagnetic Flow Meters Market Growth, Trends and Forecast by 2031Intelligent Flow Meter Market Growth, Trends, and Analysis by 2031Medical Ultrasound Flow Meter Market Share and Forecast by 2030Wireless Temperature Sensor Market Growth, Trends, and Opportunities 2031Automotive Air Conditioner Temperature Sensor Market Size Drivers, Trends, and Forecast by 2031Smart Temperature Sensors Market Growth Drivers, Trends, and Forecast by 2031Silicon Temperature Sensor Market Size, Segments, and Growth by 2031The temperature sensor market size is projected to reach US$ 9.66 billion by 2030Sound Level Meter Market Growth, Trends, and Opportunities 2031 About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us:If you have any queries about this report or if you would like further information, please contact us:Contact Person: Ankit MathurE-mail: +1-646-491-9876 Press Release: Logo - View original content to download multimedia: SOURCE The Insight Partners
Business Wire
08-07-2025
- Business
- Business Wire
Mitsubishi Electric Named to CDP Supplier Engagement Assessment Leaderboard
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation in the 2024 'Supplier Engagement Assessment Leaderboard,' the highest ranking in the CDP Supplier Engagement Assessment program operated by CDP, an international non-profit organization that supports environmental disclosure. This is the fifth consecutive year since 2020 and eighth time in which Mitsubishi Electric has earned a top ranking for excellent actions and strategies to reduce greenhouse gas emissions and climate-change risks throughout its supply chain. The Supplier Engagement Assessment evaluates how effectively companies engage their suppliers on climate change. Companies that receive top appraisals are named in the 'Supplier Engagement Assessment Leaderboard.' Mitsubishi Electric, which has positioned sustainability as a cornerstone of its business, management philosophy and the company's Environmental Sustainability Vision 2050, aims to achieve net-zero greenhouse gas (GHG) emissions at its factories and offices by the fiscal year ending March 31, 2031 and throughout its entire value chain by the fiscal year ending March 31, 2051.
Yahoo
04-07-2025
- Business
- Yahoo
RTX's Raytheon Unit Set to See Sales Boost With Major Defense Contracts
RTX Corporation (RTX), a prominent defense contractor, plays a key role in a wide array of defense operations, with its Raytheon business segment offering a variety of weapons, including air, sea and land-based missiles, interceptors, command and control mission solutions, radars, cyber solutions and a few more. Thanks to RTX's experience of delivering cutting-edge products to the defense market, its Raytheon unit enjoys a solid inflow of contracts for its combat-proven products like AIM-9X, AMRAAM and Standard Missile-6 (SM-6) as well as Global Patriot Solutions. This, in turn, bolsters this unit's revenue growth. The Raytheon unit reported a year-over-year increase of 1.4% in sales in 2024 and 4.7% in 2023. The unit's recently secured multi-million-dollar defense contracts should continue to boost its top-line performance in the days ahead. In June 2025, RTX won a $1.10 billion contract modification for the production and delivery of AIM-9X Lot 25 missiles. In the same month, RTX was awarded a $250 million contract from Japan's Mitsubishi Electric Corporation ('MELCO') for ESSM Block 2 licensed production. Earlier, in May, RTX secured a $1 billion contract to supply up to 55 Standard Missile-3 (SM-3) missiles. As nations worldwide race to modernize their defense systems, prominent U.S.-based defense contractors like Northrop Grumman (NOC) and Lockheed Martin Corporation (LMT) are also securing more and more contracts for their combat-proven products, thereby ensuring a steady revenue stream for themselves. In June, the Swedish Defence Materiel Administration selected Lockheed Martin's TPY-4 next-generation ground-based air surveillance radar to enhance the country's long-range surveillance capabilities, making Sweden the third nation to adopt this advanced fifth-generation radar system. Additionally, the company was awarded a $250 million contract to produce the F-35 logistics information system, which includes the Autonomic Logistics Information System and Operational Data Integrated Network and Mission Planning Environment hardware. On the other hand, Northrop clinched a $267.2 million contract in March to manufacture and deliver two MQ-4C Triton unmanned air systems and provide the U.S. Navy with a main operating base, along with associated support, related technical and administrative data services. The company clinched a $481.3 million contract in January for providing updates and improvements to the Integrated Air and Missile Defense Battle Command System's software. Shares of RTX have gained 45.3% in the past year compared with the industry's 19% growth. Image Source: Zacks Investment Research The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 22.95X compared with its industry's average of 26.70X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for RTX's 2025 and 2026 earnings has moved south over the past 60 days. The same for the second and the quarters of 2025 has also gone south. Image Source: Zacks Investment Research RTX stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
