Freeport-McMoRan Inc
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Materials : Metals & Mining | Large Cap Value
Company profile

Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

Price
Delayed
$30.97
Day's Change
0.92 (3.06%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.28
Day's Low
30.79
Volume
(Heavy Day)

Today's volume of 4,819,141 shares is on pace to be much greater than FCX's 10-day average volume of 17,378,471 shares.

4,819,141

Siemens and NVIDIA to enable industrial metaverse

11:17 am ET June 29, 2022 (PR Newswire) Print

-- Partnership to transform the manufacturing industry with immersive experiences across the lifecycle from design through operation

-- Companies will connect NVIDIA Omniverse and Siemens Xcelerator platforms to enable full-fidelity digital twins and connect software-defined AI systems from edge to cloud

Siemens, a leader in industrial automation and software, infrastructure, building technology and transportation and NVIDIA, a pioneer in accelerated graphics and artificial intelligence (AI), today announced an expansion of their partnership to enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level.

https://mma.prnewswire.com/media/1850404/Siemens_Nvidia_01.jpg

As a first step in this collaboration, the companies plan to connect Siemens Xcelerator, the open digital business platform, and NVIDIA Omniverse(TM), a platform for 3D-design and collaboration. This will enable an industrial metaverse with physics-based digital models from Siemens and real-time AI from NVIDIA in which companies make decisions faster and with increased confidence.

The addition of Omniverse to the open Siemens Xcelerator partner ecosystem will accelerate the use of digital twins that can deliver productivity and process improvements across the production and product lifecycles. Companies of all sizes will be able to employ digital twins with real-time performance data; create innovative industrial IoT-solutions; leverage actionable insights from analytics at the edge or in the cloud; and tackle the engineering challenges of tomorrow by making visually rich, immersive simulations more accessible.

"Photorealistic, physics-based digital twins embedded in the industrial metaverse offer enormous potential to transform our economies and industries by providing a virtual world where people can interact and collaborate to solve real-world problems. Through this partnership, we will make the industrial metaverse a reality for companies of all sizes," said Roland Busch, President and Chief Executive Officer, Siemens AG. "For over a decade, our digital twin technology has been helping customers across all industries to boost their productivity and today offer the industry's most comprehensive digital twin. When Siemens Xcelerator is connected to Omniverse, we will enable a real-time, immersive metaverse that connects hardware and software, from the edge to the cloud with rich data from Siemens' software and solutions."

"Siemens and NVIDIA share a common vision that the industrial metaverse will drive digital transformation. This is just the first step in our joint effort to make this vision real for our customers and all parts of the global manufacturing industry," said Jensen Huang, founder and CEO, NVIDIA. "The connection to Siemens Xcelerator will open NVIDIA's Omniverse and AI ecosystem to a whole new world of industrial automation that is built using Siemens' mechanical, electrical, software, IoT and edge solutions."

This partnership brings together complementary technologies and ecosystems to realize the industrial metaverse. Siemens is uniquely positioned at the intersections of the real and digital world, information technology and operational technology. The Siemens Xcelerator platform connects mechanical, electrical and software domains across the product and production processes and enables the convergence of IT and OT.

NVIDIA Omniverse is an AI-enabled, physically simulated and industrial-scale virtual-world engine that enables for the first time full-fidelity live digital twins. NVIDIA AI, used by more than 25,000 companies worldwide, is the intelligence engine of Omniverse in the cloud and autonomous systems at the edge. NVIDIA Omniverse and AI are ideal computation engines to represent the comprehensive digital twin from Siemens Xcelerator.

This press release is available at https://sie.ag/3bv6EwE

Follow us on Twitter: www.twitter.com/siemens_press

About NVIDIASince its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company's invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics and ignited the era of modern AI. NVIDIA is now a full-stack computing company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/.

Siemens AG (Berlin and Munich) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.

In fiscal 2021, which ended on September 30, 2021, the Siemens Group generated revenue of EUR 62.3 billion and net income of EUR 6.7 billion. As of September 30, 2021, the company had around 303,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Forward looking statementThis document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, of which many are beyond Siemens' control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes - in the applicable financial reporting framework not clearly defined - supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens' net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Reference number: HQCOPR202206286495EN

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SOURCE Siemens Digital Industries Software

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