ADI

DigiKey Launches Season 3 of its “Farm Different” Video Series

Retrieved on: 
Tuesday, February 27, 2024

Season 3 features three episodes that provide a look into the future of farming to determine what innovations will power the next generation of global food production.

Key Points: 
  • Season 3 features three episodes that provide a look into the future of farming to determine what innovations will power the next generation of global food production.
  • “The agricultural community has never backed down when facing sustainability challenges,” said Josh Mickolio, supplier business development manager at DigiKey.
  • “Navigating reduced labor pools, unpredictable weather and rising costs threatens growth in production and the survivability of small and large farming operations alike.
  • To learn more about the video series, sustainable production and how DigiKey is supporting the rapidly-changing agricultural sector, please visit the DigiKey website .

Statement re Acciaierie d’Italia being placed into extraordinary administration

Retrieved on: 
Tuesday, February 20, 2024

Earlier today the Italian Government announced that it has placed Acciaierie d’Italia SpA (‘ADI’) into extraordinary administration subsequent to the request of Invitalia, thereby passing control of the company from its current shareholders, ArcelorMittal and Invitalia, to government appointed commissioners.

Key Points: 
  • Earlier today the Italian Government announced that it has placed Acciaierie d’Italia SpA (‘ADI’) into extraordinary administration subsequent to the request of Invitalia, thereby passing control of the company from its current shareholders, ArcelorMittal and Invitalia, to government appointed commissioners.
  • Since that time, ArcelorMittal has been fully committed to the people and assets of ADI - then known as Ilva - investing over €2 billion.
  • ADI also benefited from hundreds of millions of euros of credit through the provision of raw materials by ArcelorMittal.
  • For the people and communities of ADI, ArcelorMittal hopes that a future can be secured that will bring much needed stability.

SmartRent Reports Fourth Quarter 2023 Results – Adjusted EBITDA Positive

Retrieved on: 
Tuesday, March 5, 2024

Adjusted EBITDA of $0.7 million and $(19.2) million for Q4 and full year 2023, respectively.

Key Points: 
  • Adjusted EBITDA of $0.7 million and $(19.2) million for Q4 and full year 2023, respectively.
  • Q4 2023 was our first period of generating a positive Adjusted EBITDA compared to Q4 2022 loss of $(14.1) million and fiscal year 2022 loss of $(74.7) million.
  • “In the fourth quarter we achieved our two-year goal to become Adjusted EBITDA profitable, marking a new inflection point in our company's history," said SmartRent CEO Lucas Haldeman.
  • Adjusted EBITDA was $0.7 million for Q4 2023, a $5.8 million improvement from Q3, and $(14.1) million in Q4 2022.

Analog Devices Reports Fiscal First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, February 21, 2024

(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release.

Key Points: 
  • (2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release.
  • The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis.
  • Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release.
  • Conference Call Scheduled for Today, Wednesday, February 21, 2024 at 10:00 am ET
    ADI will host a conference call to discuss our first quarter fiscal 2024 results and short-term outlook today, beginning at 10:00 am ET.

Analog Devices Raises Quarterly Dividend By 7%

Retrieved on: 
Tuesday, February 20, 2024

Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor leader, today announced that its Board of Directors has voted to increase its quarterly dividend from $0.86 per outstanding share of common stock to $0.92, which represents an increase of 7% and is equivalent to $3.68 annually.

Key Points: 
  • Analog Devices, Inc. (NASDAQ: ADI), a global semiconductor leader, today announced that its Board of Directors has voted to increase its quarterly dividend from $0.86 per outstanding share of common stock to $0.92, which represents an increase of 7% and is equivalent to $3.68 annually.
  • “Today marks our 20th consecutive year of dividend increases, a testament to ADI’s enduring business qualities which have enabled positive free cash flow generation for 27 consecutive years,” said Vincent Roche, CEO and Chair.
  • “The dividend is the cornerstone of our capital return strategy which is to return 100% of free cash flow to our shareholders over the long term.
  • ADI has paid a dividend for 80 consecutive quarters, totaling more than $11 billion of cash returned to shareholders through dividends.

Saverglass Shares Advances in Sustainability Roadmap in the Wine & Spirits Glass Bottle Packaging Industry

Retrieved on: 
Wednesday, March 6, 2024

FAIRFIELD, Calif., March 6, 2024 /PRNewswire-PRWeb/ -- Saverglass, the world's leading manufacturer specializing in the production and decoration of luxury and high-end glass bottles for the wine and spirits industry, today released its advancements in its sustainability roadmap, underscoring the company's unwavering commitment to addressing climate change within the wine and spirits glass bottle packaging sector.

Key Points: 
  • FAIRFIELD, Calif., March 6, 2024 /PRNewswire-PRWeb/ -- Saverglass , the world's leading manufacturer specializing in the production and decoration of luxury and high-end glass bottles for the wine and spirits industry, today released its advancements in its sustainability roadmap, underscoring the company's unwavering commitment to addressing climate change within the wine and spirits glass bottle packaging sector.
  • This comprehensive report showcases Saverglass' commitment to sustainability in glass production, manufacturing, and decoration across calendar year 2023.
  • Saverglass' sustainability targets are in line with, and in some instances in advance of, Orora's sustainability targets, as reflected by its Science-Based Target initiative certification.
  • Furthermore, we are steadfast in our mission to support and empower our wine and spirits clients as they journey towards sustainability."

ADI and the BMW Group Join Forces to Provide Industry-Leading 10MB Ethernet for Automotive, Enabling Software-Defined Vehicles

Retrieved on: 
Wednesday, March 6, 2024

Automotive Ethernet connectivity is a key enabler of new, zonal architectures in automotive design and supports automotive megatrends such as software-defined vehicles.

Key Points: 
  • Automotive Ethernet connectivity is a key enabler of new, zonal architectures in automotive design and supports automotive megatrends such as software-defined vehicles.
  • The BMW Group will be a leading original equipment manufacturer (OEM) to implement the technology, leveraging ADI's E²B for their ambient lighting system design in the vehicles of the BMW Group in the future.
  • Since 2018, ADI has been working closely with the BMW Group on a new concept to simplify bringing Ethernet to the Edge.
  • At the same time, the IEEE802.3cg Group was defining a new 10Mbps Ethernet standard called 10BASE-T1S, with ADI and the BMW Group among other companies both actively involved.

ADI Announces U.S. FDA 510(k) Clearance and the Commercial Launch of Sensinel by Analog Devices™ Cardiopulmonary Management (CPM) System

Retrieved on: 
Tuesday, March 5, 2024

WILMINGTON, Mass., March 5, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI) today announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the commercial launch of the Sensinel™ Cardiopulmonary Management (CPM) System. The compact wearable device is a non-invasive, remote management system that captures cardiopulmonary measurements for chronic disease management such as heart failure. It is the first FDA clearance the company has received in its 59-year history.

Key Points: 
  • WILMINGTON, Mass., March 5, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI ) today announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the commercial launch of the Sensinel™ Cardiopulmonary Management (CPM) System.
  • The compact wearable device is a non-invasive, remote management system that captures cardiopulmonary measurements for chronic disease management such as heart failure.
  • "Since our founding, ADI has focused on accelerating breakthroughs that enrich lives through innovative products," said Patrick O'Doherty, Senior Vice President of Digital Healthcare at ADI.
  • The Sensinel CPM System is the next-generation solution for management of cardiopulmonary diseases like heart failure.

Linker Vision Leverages the power of AWS, Joining Forces with Taiwan's Ministry of Digital Affairs, Kaohsiung City Government, and Major Mobile Telecom Players to Launch Innovative 5G+AI Technology and VisionAI Platform at MWC 2024

Retrieved on: 
Tuesday, February 27, 2024

BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ -- At the Mobile World Congress (MWC) 2024 in Barcelona, Linker Vision emerges as a frontrunner in AI innovation.

Key Points: 
  • BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ -- At the Mobile World Congress (MWC) 2024 in Barcelona, Linker Vision emerges as a frontrunner in AI innovation.
  • Powered by Amazon Web Services (AWS) and in partnership with the Taiwan's Ministry of Digital Affairs, Kaohsiung City Government, and major mobile telecom equipment providers, the company showcased innovative solutions for 5G and AI technology.
  • The company is now conducting VisionAI Platform technology verification in the Kaohsiung area, achieving significant results in mobile vehicle services.
  • Linker Vision, combining the support, resources and technology provided by the Taiwanese government and AWS, rapidly delivers AI service solutions for mobile operators.

Analog Devices Strengthens Capacity and Resiliency Through Expanded Partnership with TSMC

Retrieved on: 
Thursday, February 22, 2024

WILMINGTON, Mass., Feb. 22, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI) announced today that the company has made a special arrangement with TSMC, the world's leading dedicated semiconductor foundry, to supply long-term wafer capacity through Japan Advanced Semiconductor Manufacturing, Inc. ("JASM"), TSMC's majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan.

Key Points: 
  • Building on ADI's more than 30-year partnership with TSMC, this adds another option for ADI to secure additional capacity of fine-pitch technology nodes to serve critical platforms across its business, including wireless BMS (wBMS) and Gigabit Multimedia Serial Link (GMSL™) applications.
  • The joint efforts reinforce ADI's resilient hybrid manufacturing network, which helps to insulate external factors while supporting the means to increase output and scale rapidly to meet customer needs.
  • "Our hybrid manufacturing network helps deliver a competitive edge to our customers.
  • "Today's announcement demonstrates TSMC's commitment to helping our customers meet their long-term capacity needs," said Sajiv Dalal, Executive Vice President of Business Development at TSMC North America.