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Industry

Tesla AI, robot shift faces clouds as Kazakhstan robotaxis set to launch

Concerns persist over Tesla’s long-term growth goals as revenue stagnates and profit is expected to fall 10 percent, while its 2030 sales target is cut to 5 million vehicles. Tesla also trims its 2026 capital expenditure plan to $20 billion from $25 billion, though it starts Optimus robot production in California. It presses ahead with unsupervised FSD plans and expands subscriptions. Elsewhere, GM outlines faster development plans and robotaxi competition spreads to Kazakhstan.

AI & Enterprise

Giant industrial automation platforms gain momentum expanding into software, target industrial AI

Big industrial automation platform companies are using cash built up from the AI and data-centre boom to expand aggressively, with Schneider Electric, Siemens and ABB all raising recent outlooks. The Financial Times reported Schneider and Siemens are pushing into software through acquisitions, including Schneider’s planned $24 billion purchase of PTC and a $3.1 billion deal for Cognite. ABB, which bought Rotork for $5.5 billion, is focusing more on physical equipment and says it will develop software and AI itself.

Industry

Samsung Electro-Mechanics earnings seen surging next year as orders build and prices rise

Samsung Electro-Mechanics is expected to post sharp earnings growth next year as demand for AI server components drives long-term supply contracts and lifts prices. Customers have secured 2027 volumes early amid supply constraints in MLCCs and package substrates, while price hikes add to contracted volumes. Industry forecasts see 2027 as the year orders built this year translate into results, with brokerages raising operating profit estimates.