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PsiQuantum, the Palo Alto startup at the forefront of photonics-based quantum computer development, says it will break ground on two manufacturing sites after closing a series E venture round that raised $1 billion.The new funding, led by private equity giant Blackrock and featuring several others including Nvidia’s venture capital wing, will enable the firm to build quantum computing sites in Bri...
How can EMAG Laser Technology accelerate the production of critical powertrain components using its flagship product ELC 6 system?The rapid popularity of electric vehicles worldwide indicates that production planners must increase their efforts in producing key components of electric vehicles, particularly the rotor shaft. The importance of the rotor shaft as the core component for converting elec...
Recently, Swiss company Bystronic disclosed its financial performance for the first half of 2024.The financial report shows that the market situation for the Swiss Super 100 in the first half of 2024 remains very tense. Customers in various end markets are unable to fully utilize their production capacity, and operations in all regions are relatively cautious.Despite Swiss supercar actively reduci...
On August 16, Coherent, an American laser system solutions provider, announced its fiscal year 2023 and fourth quarter results for the year ended June 30, 2023. This is also the first annual report released after the merger of II-VI and Coherent.Fiscal year 2023 revenueCoherent reported revenue of $5.16 billion for the full fiscal year 2023, up 56% year over year.By business unit, the Networking b...
In the future, electric vehicle battery manufacturers can further improve the durability and performance of electric vehicle batteries through compact X-ray sources. The XProLas development partnership has now begun to develop these laser driven X-ray sources under the leadership of TRUMPF. The first batch of demonstration systems will be completed in 2026. In the future, manufacturers will be abl...