Foxconn Industrial Internet looking to raise $4.26bn in IPO
Foxconn Industrial Internet (FII), the industrial robotics and electronic devices manufacturing subsidiary of the leading global technology company, is looking to raise 27.1 billion yuan (USD$4.26bn) in an initial public offering (IPO).
FII is a diversified unit for Foxconn outside of its traditional operations of manufacturing parts for smartphones, working on a range of project areas that include the internet of things (IoT), automated robotics, cloud computing, smart manufacturing and 5G.
Existing clients of the division include Apple, Amazon, Cisco, Dell, Huawei and Lenovo.
The listing will see approximately 10% of Shenzhen-based FII made available to investors in the form of 1.977 billion shares, valuing the company at approximately $43bn.
The $4.3bn sum will be both the largest Chinese IPO in three years and the fourth largest in the country in the past decade, only bested by China State Construction Engineering ($7.3bn), China Railway Construction ($5.7bn) and Guotai Junan Securities ($4.8bn).
Foxconn’s increasing focus on FII comes as Apple, one of the company’s major long term customers, is looking to source more of its manufacturing operations in-house, with it having been revealed in March that Tim Cook and Co are working to design and develop their own MicroLED screens for the first time.
How AWS helps NASCAR delight its fans
AWS needs no introduction to readers of Technology Magazine but we rarely get an opportunity to look closely at how it serves the sports sector. All major sports draw in a huge supporter base that they want to nurture and support. Technology is the key to every major sports organization and enabling this is the driving force for AWS, says Matt Hurst, Head of Global Sports Marketing and Communications for AWS. “In sports, as in every industry, machine learning and artificial intelligence and high performance computing are helping to usher in the next wave of technical sports innovation.”
AWS approaches sports in three principal areas. “The first is unlocking data’s potential: leagues and teams hold vast amounts of data and AWS is enabling them to analyze that data at scale and make better, more informed decisions. The second is engaging and delighting fans: with AWS fans are getting deeper insights through visually compelling on-screen graphics and interactive Second Screen experiences. And the third is rapidly improving sports performance: leagues and teams are using AWS to innovate like never before.”
Among the many global brands that partner with AWS are Germany's Bundesliga, the NFL, F1, the NHL, the PGA Tour and of course NASCAR. NASCAR has worked with AWS on its digital transformation (migrating it's 18 petabyte video archive containing 70 years of historical footage to AWS), to optimize its cloud data center operations and to enable its global brand expansion. AWS Media Services powers the NASCAR Drive mobile app, delivering broadcast-quality content for more than 80 million fans worldwide. The platform, including AWS Elemental MediaLive and AWS Elemental MediaStore, helps NASCAR provide fans instant access to the driver’s view of the race track during races, augmented by audio and a continually updated leaderboard. “And NASCAR will use our flagship machine learning service Amazon SageMaker to train deep learning models to enhance metadata and video analytics.”
Using AWS artificial intelligence and machine learning, NASCAR aims to deliver even more fan experiences that they'd never have anticipated. “Just imagine a race between Dale Earnhardt Sr and Dale Jr at Talladega! There's a bright future, and we're looking forward to working with NASCAR, helping them tap into AWS technology to continue to digitally transform, innovate and create even more fan experiences.”
Just as AWS is helping NASCAR bridge that historical gap between the legacy architecture and new technology, more customers are using AWS for machine learning than any other provider. As an example, who would have thought five years ago that NFL would be using ML to predict and prevent injury to its players? Since 2017, the league has utilized AWS as its official cloud and ML provider for the NFL Next Gen Stats (NGS) platform, which provides real-time location data, speed, and acceleration for every player during every play on every inch of the field. “One of the most potentially revolutionary components of the NFL-AWS partnership,” says Matt Hurst, “is the development of the 'Digital Athlete,' a computer simulation model that can be used to replicate infinite scenarios within the game environment—including variations by position and environmental factors, emphasizing the league's commitment to player safety.”