White House announces $19.5B funding package for Intel | Bill to renew R&D tax breaks held up over unrelated issues | How to automate for better predictive maintenance
March 21, 2024
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Industry News
The Biden Administration announced a landmark funding deal with Intel worth up to $19.5 billion, including $8.5 billion in direct funding and additional loan support. Part of a broader push through the CHIPS and Science Act, the funds are slated to elevate US semiconductor production capabilities with four new manufacturing sites.
Full Story: Yahoo (3/20),  CNBC (3/20),  The Wall Street Journal (3/20) 
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US businesses and business groups are rallying behind a bipartisan bill aimed at reviving expired tax breaks for research and equipment spending, which a large swath of companies say is crucial to competitiveness and survival. Despite overwhelming support in the House, the bill is being held up in the Senate amid unrelated concerns. Efforts from business groups, activists and CEOs to push the bill forward have been ineffective so far, and the bill's fate may come down to a showdown vote.
Full Story: The Wall Street Journal (3/19) 
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Technology & Trends
Automation is the key to getting the most out of predictive maintenance for process manufacturers, writes Tom Francisco, a reliability subject matter expert at Emerson. Francisco cites the example of E. & J. Gallo Winery to explore how it implemented an unfettered vision of automation to create a seamlessly connected maintenance program.
Full Story: Plant Engineering (3/20) 
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Venerable John Deere was early with its recognition of the possibilities of 5G networks in manufacturing, writes Will Townsend. Townsend explores Deere's adoption of its own system and the advantages it offers, including quality control inspections, assembly line efficiencies and worker safety monitoring as well as the use of automated guided vehicles to convey heavy parts.
Full Story: Forbes (tiered subscription model) (3/20) 
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Breaking down the IIoT cyberthreat landscape
(Pixabay)
The industrial internet of things is a coming thing among manufacturers eager to reap its many benefits, but security concerns come with the new technologies. Asimily CEO Shankar Somasundaram reviews and categorizes the array of cyberthreats, some of which are new and others with a proven record, and how to counter them.
Full Story: IMPO magazine (3/14) 
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The increasing frequency of wildlife-urban interfaces across the country is raising the risk of wildfires to human structures. Experts reflect on how to minimize the danger with such measures as clearing away dead vegetation and debris, the creation of fuel breaks and the use of noncombustible building materials across communities.
Full Story: FacilitiesNet (3/20) 
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Leadership & Management
AI can help both marketing and procurement teams harness real-time data to make decisions about sales forecasting, which vendors to buy from, risk analysis in the supply chain and where the most profitable product margin lies, writes Al Girardi, the global VP, marketing & CMO at GEP. AI also gives decision-makers transparency into the supply chain in order to respond to disruptions, Girardi notes.
Full Story: Forbes (tiered subscription model) (3/18) 
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Study suggests employers should fortify employee benefits
(Pixabay)
A new MetLife study found employees are more likely to experience stress, burnout and depression than they did before the pandemic as they face a "permacrisis state" brought on by inflation, wars and other global problems. "When employers aren't prioritizing delivering care to their employees, they risk a workforce that's not only less holistically healthy and happy, but also less engaged, loyal and productive," says MetLife group benefits head Todd Katz, who emphasizes employers should offer quality benefits to support people's financial, physical and mental well-being.
Full Story: Society for Human Resource Management (tiered subscription model) (3/18) 
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