Empowering the Future of HPC: MiTAC Showcases Advanced Server Platforms at ISC High Performance 2025
HAMBURG, Germany, June 10, 2025 /CNW/ -- MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corp. (TSE:3706) and a leading manufacturer in server platform design, unveils its Advanced Server Platforms at ISC High Performance 2025, Booth #A02. Featuring AMD EPYC™ 9005 Series and Intel ® Xeon ® 6 processors, these platforms highlight MiTAC's commitment to delivering robust performance, efficiency, and scalability tailored to specific needs for AI computing.
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Globe and Mail
6 hours ago
- Globe and Mail
Global Heat Gun Market Revenue to Reach $1.87 Billion by 2030
"Heat Gun Market Research by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. According to Arizton's latest research report, the heat gun market is growing at a CAGR of 4.35% during 2024-2030. Report Summary Market Size (2030): $1.87 Billion Market Size (2024): $1.45 Billion CAGR (2024-2030): 4.35% Historic Year: 2021-2023 Base Year: 2024 Forecast Year: 2025-2030 Market Segmentation: Product Type, Power Type, End Users, Distribution Channel and Geography Geographical Analysis: North America, Europe, APAC, Latin America, And Middle East & Africa The Global Heat Gun Market Overview The global heat gun market is experiencing steady growth, driven by its wide range of applications across various industries. Valued for their versatility, heat guns are essential tools for tasks such as paint stripping, adhesive softening, and material shaping. As both professional users and hobbyists recognize the efficiency and multifunctionality of these devices, demand continues to rise. North America remains the market leader, supported by strong construction and DIY trends. Meanwhile, the Asia-Pacific region is seeing rapid expansion due to increasing industrialization and manufacturing activities. In Europe, the growing emphasis on environmental sustainability has led to a surge in demand for eco-friendly, energy-efficient heat guns, particularly as businesses focus on reducing their carbon footprints. Additionally, emerging markets in Latin America and the Middle East are experiencing promising growth, driven by infrastructure development and industrial expansion. The rise of DIY culture, accelerated by the pandemic, has further fueled consumer interest in heat guns for home projects, offering a more affordable and environmentally friendly alternative to chemical-based methods. With advancements in e-commerce, heat guns have become more accessible globally, further expanding their adoption. As industrial sectors in countries like China, India, and Brazil grow, the demand for heat guns continues to rise in manufacturing, automotive, and construction applications. Recent Vendor Activities in the Heat Gun Market In 2024, the U.S. Census Bureau reported an increase in construction spending, with a seasonally adjusted annual rate of $2,174.0 million for October, reflecting a 0.4 percent rise compared to September. This growth in construction and renovation activities has led to an increased demand for tools such as heat guns, which are essential for applications like paint removal, softening adhesives, and heat-shrinking tubing. Robert Bosch Innovations In 2023, Robert Bosch Power Tools expanded its cordless tool portfolio with the introduction of innovative products, including an 18V concrete nailer and a heat gun. Bosch also unveiled an enhanced 18V Limited Warranty for its tools, chargers, and batteries, offering extended coverage to further solidify its reputation for quality and customer satisfaction. Makita Expands LXT System In 2022, Makita, a leading manufacturer of professional tools, launched two new cordless heat guns as part of its expanding LXT system. The 18V LXT Heat Gun (XGH01) and 18V LXT Variable Temperature Heat Gun (XGH02) are designed to provide versatile solutions for a wide range of professional applications. These recent activities highlight the growing demand for advanced, high-quality heat guns in the expanding construction industry. Offline Distribution Channel Market to Hit $1.3 Bn by 2030 Many consumers still prefer to visit physical stores to experience and test products before making a purchase. Offline distribution channels, such as hardware stores and specialty tool shops, play a crucial role in providing personalized customer support. Knowledgeable staff offer valuable advice on selecting the right heat gun for specific tasks, explaining features such as temperature settings, safety mechanisms, and compatible accessories. One of the key advantages of offline shopping is the ability to make an immediate purchase and walk out with the product. In-store promotions, discounts, and seasonal sales events further incentivize customers, making heat guns more affordable—especially when bundled with other tools or accessories. Offline stores, including supermarkets, hypermarkets, convenience stores, and specialty retailers, offer a broad range of heat guns. Large-format stores like Walmart and Target have expanded their home improvement sections to cater to DIY enthusiasts and professionals alike. Additionally, well-established hardware chains such as Home Depot, Lowe's, and Ace Hardware carry a wide selection of heat guns, often backed by expert advice and live demonstrations. Specialty retailers provide an even more diverse collection, allowing consumers to find the perfect heat gun for their needs. Revolutionizing Industries: Heat Gun Usage Soars in APAC's Expanding Markets The heat gun market in the APAC region is experiencing significant growth, driven by ongoing industrialization and the expanding need for versatile tools across multiple sectors. Countries like China, India, and Southeast Asian nations are at the forefront, where heat guns are essential in construction applications such as paint removal, shrink-wrapping, and plastic bending. In the automotive industry, major manufacturers like Toyota, Hyundai, and Tata Motors rely on heat guns for tasks such as vinyl repairs, paint drying, and adhesive bonding. The healthcare sector is also witnessing an uptick in heat gun usage for crafting custom prosthetics and orthotics, with manufacturers in India using them for molding materials. The electronics sector, particularly in South Korea, employs heat guns for delicate tasks like circuit board repair and soldering, with brands like Samsung integrating them into their production processes. In Australia, DIY enthusiasts are gravitating towards ergonomic models from brands like DEWALT and Ryobi, further boosting market demand. With rapid industrialization, robust infrastructure investments, and growing end-user adoption in industries like automotive, electronics, and healthcare, the heat gun market in APAC is set for continued growth and innovation. Key Vendors Apex Tool Group J. Wagner Koki Holdings Makita Master Appliance Robert Bosch Stanley Black & Decker Techtronic Industries Aegon Power Jiangsu Dongcheng M&E Tools Enertwist FirstRate Forsthoff Jinhua Galaxia Tech Genesis Power Tools KYNKO Leister Poniie SEEKONE Technology SparkFun Electronics STEINEL TackLife TECCPO ZHEJIANG PRULDE ELECTRIC APPLIANCE Segmentation & Forecast Product Type Variable Temperature Dual Temperature By Power Type Electric Corded Electric Cordless Gas Powered End-Users Industrial Automotive Industry Construction & Refurbishment Industry Electronic Equipment Manufacturers Aerospace Industry Others Commercial Residential Distribution Channel Offline Online Geography North America The US Canada Europe The UK Germany France Italy Spain APAC China Japan India South Korea Australia Latin America Brazil Mexico Middle East & Africa Turkey Saudi Arabia The UAE South Africa Key Questions Answered in the Report: How big is the global heat gun market? What is the growth rate of the global heat gun market? What are the factors driving the global heat gun market growth? Which region dominates the global heat gun market growth share? Who are the major players in the global heat gun market? Check Out Some of the Top Selling Reports of Your Interest: Power Tools Market - Global Outlook & Forecast 2024-2029 Power Tool Accessories Market - Global Outlook & Forecast 2024-2029 Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Globe and Mail
7 hours ago
- Globe and Mail
Boeing Stock (NYSE:BA) Jumps as Boeing Hits the Paris Air Show
The Paris Air Show is starting up in earnest, and with it, bringing plenty of exciting developments in the aircraft market. Aerospace stock Boeing (BA) is no different, and is bringing out some major new developments to catch the eyes and interest of airlines. The effort so far has proven very welcome to investors, who sent Boeing shares up over 3% in Monday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Reports from the show note that the Boeing Pavilion features a range of displays, starting with the 777-8 Freighter Theater, to show off its cargo capabilities, as well as an interior section of a 777X. Boeing also showed off some of its defense operations, reports noted, as well as 'advanced cabin interiors' to show off what exactly it could do in the market space. But Boeing will not just be showing, it will also be doing plenty of telling. It will have 'media briefings' about a range of topics, including the market for services, what is happening in the European defense market, commercial products, and even a look at the 'rotorcraft' market. Don't Lose Elon's Number, NASA We know that there has been a lot of fallout between Elon Musk and President Donald Trump lately, and this might have left Boeing thinking there was an opportunity to make some headway after the disaster that was the Starliner system. But as it turns out, Boeing is not really capitalizing on the famous feud, as new reports of Starliner delays have emerged. The earliest potential time to see the Starliner take flight again, NASA noted, is 2026. Earlier reports said that a new launch could happen by the end of this year, but now, that is out of the picture. As of now, the Starliner has yet to be certified to carry astronauts, for reasons that Boeing would not reveal. It is easy to wonder if it is any of the previously-seen issues that are holding the Starliner back, or if something new has cropped up to put the project behind schedule once more. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys, three Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 10.88% rally in its share price over the past year, the average BA price target of $219.95 per share implies 0.74% upside potential. See more BA analyst ratings Disclosure Disclaimer & Disclosure Report an Issue
CTV News
9 hours ago
- CTV News
EU seeks to lower a price cap on Russian oil and discourage Nord Stream pipeline investors
European Commission President Ursula von der Leyen, right, and European Union foreign policy chief Kaja Kallas address the media at EU headquarters in Brussels, Tuesday, June 10, 2025. (AP Photo/Geert Vanden Wijngaert) BRUSSELS — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officials said on Tuesday. EU foreign policy chief Kaja Kallas said the bloc is 'proposing to lower the oil price cap from $60 to $45, which is lower than the market price, and lowering the oil price cap will hit Russia's revenues hard.' Kallas said the EU also wants to impose 'sanctions on the Nord Stream pipelines to prevent Russia generating any revenue in the future. In this way, it sends a clear signal we are not going back to business as usual.' All 27 EU member countries must all agree for the sanctions to enter force. In 2023, Ukraine's Western allies limited sales of Russian oil to $60 per barrel but the price cap was largely symbolic as most of Moscow's crude — its main moneymaker — cost less than that. Still, the cap was there in case oil prices rose. Oil income is the linchpin of Russia's economy, allowing President Vladimir Putin to pour money into the armed forces while avoiding worsening inflation for everyday people and a currency collapse. European Commission President Ursula von der Leyen said she assumed that the price cap would be discussed and agreed among the leaders of the Group of Seven major world economic powers when they meet in Canada on June 15-17. She said the United States and its G7 partners realize 'that the oil price has lowered so much that the effectiveness of the cap is to be questioned, and therefore we all want to lower the oil price from $60 per barrel down to $45 per barrel.' The Nord Stream gas pipelines were built to carry Russian natural gas to Germany but are not in operation. They were sabotaged in 2022, but the source of the underwater explosions has remained a major international mystery. The Commission has said that it wants to impose sanctions on the operating consortium to discourage investors from trying to use the pipelines in future. The blasts happened as Europe attempted to wean itself off Russian energy sources following the Kremlin's full-scale invasion of Ukraine, and contributed to tensions that followed the start of the war. Von der Leyen noted on Tuesday that at the beginning of the war in 2022, 'Russia had 12 billion euros ($14 billion) of energy revenues from fossil fuels' from Europe per month. 'And now we're down to 1.8 billion (euros).' The new EU sanctions would also target Russia's banking sector, with the aim of limiting the Kremlin's ability to raise funds or carry out financial transactions. A further 22 Russian banks will be hit with measures, von der Leyen said. An export ban worth some 2.5 billion euros would also be imposed, and the assets frozen of more than 20 Russian and foreign companies alleged to be providing support to the Kremlin's war machine. Von der Leyen said the sanctions are aimed at forcing Russia into serious talks about peace with Ukraine. 'We need a real ceasefire, and Russia has to come to the negotiating table with a serious proposal,' she told reporters. The EU has imposed several rounds of sanctions on Russia since Putin ordered his troops into Ukraine in February 2022. Around 2,400 officials and 'entities' – often government agencies, banks and organizations – have been hit. It's last raft of sanctions, imposed on May 20, targeted almost 200 ships in Russia's sanction-busting shadow fleet of tankers, and tightened trade restrictions to stop produce that could be used for military purposes from reaching Russia's armed forces. Lorne Cook, The Associated Press
