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Industry

Amazon, Lockheed Martin alumni team up on Egret autonomous cargo drone nearing U.S. tests

A large autonomous drone capable of carrying up to 1.8 tonnes of cargo without a cockpit is being developed in the United States. Poseidon Aerospace is building the Egret unmanned freighter, designed from the outset for cargo operations rather than converted from a manned aircraft. Early tests can be remotely piloted from a ground control center. The company plans a first unmanned test flight in Oregon by year-end and has raised $60 million in a Series A round led by TQ Ventures.

Industry

Applied Materials, Intel to cooperate on transistor, interconnect and packaging at EPIC Center

Applied Materials and Intel agreed to work together to speed development and commercialization of AI semiconductor manufacturing technologies. The companies will link Applied’s EPIC Center in Silicon Valley with Intel’s R&D campus in Hillsboro, Oregon, to shorten the time from development to commercialization. Cooperation covers next-generation materials, process technologies and device structures for advanced logic nodes, spanning FEOL and BEOL, including interconnect scaling and Foveros-based advanced packaging.

Industry

48 trillion won wiped out in three weeks as bubble warnings flash for China humanoid robot play Unitree

Shares of China humanoid robot maker Unitree Robotics fell below 500 yuan on Sept. 10, extending a sharp pullback about three weeks after its listing. Its market value has dropped by more than 240 billion yuan from its peak after an initial surge that briefly lifted its market capitalisation to about 445 billion yuan. Despite the fall, the stock still trades above its IPO price. Regulators are also seen tightening scrutiny of humanoid robot IPOs.