Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
Apple Turns 50: From Garage Startup to AI Crossroads 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations 
Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round 
Australia's Social Media Ban for Under-16s Sparks Global Movement 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
SK on and Siemens Digital Industries Software (DISW) announced they have joined forces to build a smart factory system. The former will develop a digital twin for battery production facilities in cooperation with the computer software company.
Sealing of the Agreement
On Sunday, April 14, SK said it is looking to set up smart factory systems with Siemens Digital Industries Software. According to Business Korea, the companies signed a memorandum of understanding last week at the SK Seorin Building in the Jongno district of Seoul.
SK on said the key leaders of both companies attended the important partnership event. The Korean battery maker’s CEO, Lee Seok Hee, was present at the signing ceremony alongside Oh Ki Young, the head of SK on’s factory innovation office. Siemens DISW chief Tomy Hemmelgam and Siemens DISW Korea’s managing director, Oh Byung Joon, were also present.
Creation of The Digital Twin for Smart Factories
SK on is planning to use Siemens DISW’s digital twin software and simulation technology to create a smart factory system for battery production. The Korean firm said it expects the updated system to significantly lessen equipment maintenance time and operating costs.
With the digital twin technology in the plants, SK on said it can also speed up the verification of optimized manufacturing process lines, reducing the length of construction of factories. The company said the digital twin factories will initially be established in South Korea and then expand to the United States and Europe later.
“SK On will expand cooperation with leading global partners, including Siemens, to strengthen our manufacturing competitiveness,” SK on’s chief executive officer, Lee Seok Hee, said in a press release.
Siemens DISW’s CEO, Tony Hemmelgarn, added, “I am very pleased that we can cooperate with SK On by providing the Siemens Xcelerator portfolio to help bring digital production innovations and create a sustainable battery industry.”
Photo by: SK Innovation Newsroom
