What topics are covered this week? There’s ADI investing 100 million euros in Limerick, self-driving cars clocking up mileage, contracts awarded to build a network in space, a possible palladium and neon shortage and the naming of the next Intelsat CEO…
5. ADI invests 100 million euros in Limerick
Analog Devices will invest 100 million euros in a European research center in Limerick, over three years. ADI Catalyst will be a purpose-built 100,000 square foot campus in the Raheen Business Park in Limerick. “ADI Catalyst is a state-of-the-art collaboration accelerator where ecosystems of customers, business partners, and suppliers engage with ADI,” according to the company. “This latest phase of expansion will also see the creation of 250 new jobs in the Irish market by 2025.” These “will primarily focus on the development of software solutions and AI innovations in areas such as Industry 4.0, sustainable energy, automotive electrification and next-generation connectivity”.
4. Self-driving cars double test mileage
Self-driving cars traveled twice as many miles on California roads last year as they did in 2020 with 22 companies driving more than four million miles last year, according to the California Department Of Motor Vehicles (DMV) which licenses self-driving cars. driverless car testing on public roads. The DMV licensed 50 companies but only 22 cars actually tested last year — possibly the result of industry mergers and acquisitions. Waymo flew the most miles with 2.3 million, followed by Cruise with 876,104 miles. Waymo and Cruise’s combined mileage – 3.2 million miles – accounted for 80% of total miles flown for the year – up from 70% last year. Pony.ai traveled 305,616 miles and Zoox traveled 155,125. Apple traveled 13,272 miles.
3. Lockheed Martin, Northrop Grumman and York Space win space network contracts
The U.S. Space Development Agency (SDA) has awarded three U.S. companies contracts worth up to $1,774 million to produce a constellation of 126 LEO (Low Earth Orbit) satellites, for a meshed space network satellite communications. Each will produce 42 satellites by 2024, operating in two aircraft in near-polar low Earth orbit (21 space vehicles, or satellites, for each orbital aircraft). Lockheed Martin’s contract is valued at $700 million, Northrop Grumman’s at $692 million and York Space’s at $382 million.
2. Neon, Palladium [Mannerisms]
The electronics industry could be hurt by a shortage of palladium and neon if this war drags on for long, according to Moody’s Analytics. Russia provides over 40% of the world’s palladium supply and Ukraine produces 70% of the world’s neon supply. About 75% of neon usage is in semiconductor manufacturing where it is used in lithography.
1. Intelsat appoints David Wajsgras as CEO
Five months after its current CEO, Stephen Spengler, announced his intention to leave, Intelsat has named its next CEO, David Wajsgras. The Virginia-based satellite communications service provider, which was previously an intergovernmental consortium, recently completed its exit from Chapter 11 in the United States. After two years of financial restructuring – focused on C-band spectrum changes for 5G services – the company has improved its liquidity and reduced its debt by more than half, from around $16 billion to $7 billion.