Mitsubishi Electric announced that they have agreed to transfer the distribution transformer business of Mitsubishi Electric’s Nagoya Works, which develops and manufactures factory automation (FA) equipment, to Hitachi Industrial Equipment Systems and integrate their businesses.

The U.S. Department of Commerce and TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.6 billion in direct funding as TSMC Investment under the CHIPS and Science Act.

HMS Networks has finalized the acquisition of Red Lion Controls from Spectris Group Holdings Limited. The two companies are now one entity and can start working together on common go-to-market strategies and Stronger Offering within Industrial Information

Nozomi Networks announced it has extended its partnership with Yokogawa Electric Corporation to address global demand for managed security services and solutions designed to holistically satisfy the unique OT and IoT cybersecurity requirements of process manufacturers

Hexagon announced the acquisition of Itus Digital, a Roanoke, Virginia-based provider of asset performance management (APM) software.

Cisco and a group of eight leading companies, including Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft and SAP, as well as six advisors, announced the launch of the AI-Enabled ICT Workforce Consortium

AVEVA and Databricks, the Data and AI company and inventor of the data lakehouse, have announced a strategic partnership aimed at reshaping the future of industrial software through an open, secure, and governed approach to Accelerate Industrial AI Outcomes

Curtiss-Wright Corporation announced that it has completed the acquisition of Western Services Corporation (WSC), Inc., a provider of state-of-the-art simulation technology

Schneider Electric and Hy Stor Energy, a company pioneering carbon-free renewable hydrogen production and long-duration storage at scale, announced they have signed a memorandum of understanding (MOU) to support the development of Hy Stor Energy's Mississippi Clean Hydrogen Hub

Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst. The business employs around 650 people.