JUNEASIA BUSINESS OUTLOOK9Mitsubishi Electric Corporation and Movensys Inc. have announced a commercial agreement to strengthen collaboration in their respective AC servo and motion control sectors. According to the terms of the arrangement, Mitsubishi Electric is acquiring an equity stake in Movensys.In recent years, the use of industrial computers for motion control applications in AC servo sectors has grown dramatically, particularly for machinery used in the fabrication of semiconductors and electronic components. The continuous evolution of industrial-computer CPUs is expected to generate demand for increasingly advanced motion control capabilities, such as high-speed synchronous control of multiple motors.Mitsubishi Electric Corporation and Movensys have established a commercial agreement to increase collaboration in their respective AC servo and motion control industries. Mitsubishi Electric is purchasing an ownership position in Movensys under the terms of the agreement.In recent years, the usage of industrial computers for motion control applications in AC servo sectors has increased rapidly, particularly for machinery used in the manufacturing of semiconductors and electronic components. The continuing advancement of industrial-computer CPUs is likely to drive demand for increasingly powerful motion control capabilities, such as high-speed synchronous control of numerous motors. NEWSROOMChina held its benchmark lending rates constant for the ninth month in a row, meeting market expectations, as a falling yuan and widening yield differentials with the US limited the possibility for any significant monetary easing.A slew of data over the previous month or so, notably April indications released last week, indicated that the economy was losing steam following the initial post-COVID bounce, raising anticipation for additional relaxing measures.However, given the risks of capital outflows, which could exacerbate the yuan's slide, some analysts now expect the People's Bank of China (PBOC) to reduce the amount of cash banks must hold aside as its next policy action.Earlier in the day, China's one-year loan prime rate (LPR) remained steady at 3.65 percent, while its five-year LPR remained unaltered at 4.30 percent."Despite the April weakness, we do not expect policymakers to unleash significant stimulus because the 5 percent GDP growth target remains well within reach and issues such as property risks and youth unemployment require a more targeted approach," Goldman Sachs economists wrote in a note. CHINA TO HOLD LENDING RATES CONSTANTMITSUBISHI & MOVENSYS FORM COMMERCIAL AGREEMENT TO STRENGTHEN COLLABORATION
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