Category Archives: Engineering
Intel allegedly experimented with dual CPU chiplet configuration on Meteor Lake engineering sample, but shipping … – Tom’s Hardware
Intel may have been planning to create a Meteor Lake processor with two CPU tiles, as photos of Meteor Lake-P engineering samples reveal. Hardware leaker @yuuki_ans shared a side-by-side comparison of a "normal" Meteor Lake-P CPU and a "thermal test" version with two CPU tiles instead of one.
The images of the two Meteor Lake-P samples, shared on X (click to expand), look nearly identical except for one clear difference: the thermal test variant has two tiles where the single CPU tile (compute) would normally be. It strongly implies that Intel was interested in using two CPU tiles rather than just one. However, that doesn't mean that the tiles on this particular engineering sample are functional; after all, it was just for thermal testing.
We can only speculate what these two CPU tiles would have contained if Intel had gone ahead with this design. It could have taken a cue from AMD and used two identical tiles, just like 12- and 16-core Ryzen CPUs. However, the tile on the right is about 10 to 15% wider than the one on the left, which implies that these are actually two different tiles. In that case, it would be more likely that one tile has the P-cores and one has the E-cores.
If Intel had made separate tiles for P- and E-cores, it could have used different nodes for each. While the P-cores would likely have stayed on the Intel 4 process, the E-cores could have ended up on TSMC's 6nm. Intel already put two low-power E-cores on the SoC tile, fabbed on TSMC's 6nm, so putting more E-cores on its competitor's process node wouldn't be out of left field.
Meteor Lake-P is one of the variants of the Meteor Lake architecture that Intel hasn't released yet, but it is rumored to be canceled. It's not clear how Meteor Lake-P would differ from Meteor Lake-H and -U, which just launched on December 14. Raptor Lake-P had six P-cores and eight E-cores, which is how many cores Meteor Lake-H has on its CPU tile.
Could Intel's apparently-axed Meteor Lake-P chips for desktop PCs have employed a dual-CPU tile design? That's anyone's guess. In either case, it is clear that Intel has experimented with different CPU tile arrangements, even if only to test out smaller clusters of cores.
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The story of Nvidia’s rise as the biggest AI chipmaker – Interesting Engineering
Ten years ago, one email transformed Nvidia from a graphic card company into an AI company.
While others race to develop the best AI, Nvidia is earning billions by selling the tools these companies need.
Today, Nvidia's GPUs are driving everything ranging from supercomputers to AI chatbots and driverless cars.
In the mid-1800s, gold was discovered at Sutter's Mill in California, sparking a Gold Rush of hundreds of thousands of people to California.
However, at the end of this gold rush, it wasn't the gold seekers who made a fortune but the merchants who sold them mining equipment.
In 2023, another gold rush will occur, but this time, the gold is artificial intelligence. Thousands of companies are trying to come up with the best AI innovations.
Meanwhile, tech giant Nvidia is busy making a fortune selling chips to these companies for the supercomputers that power their AI programs. ChatGPT, the most popular AI in the world, was trained on a supercomputer that uses 10,000 Nvidia chips.
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The story of Nvidia's rise as the biggest AI chipmaker - Interesting Engineering
Azad Engineering IPO fully priced but analysts see listing gains; GMP, listing, allotment date & more – Business Today
The Rs 740-crore initial public offer (IPO) by Azad Engineering Ltd will open for public subscription on Wednesday. The issue comprises of a fresh share sale of Rs 240 crore, in addition to an offer for sale (OFS) worth Rs 500 crore. The IPO will be sold in the price band of Rs 499-524 per share and potential bidders can bid for a minimum of one lot of 28 shares and in multiples thereafter. Ahead of its IPO, Azad Engineering's IPO committee finalised te allotment of 42,13,731 shares to anchor investors at Rs 524 apiece worth Rs 220.79 crore.
Analysts said the asking valuations are fully pricing in future prospects but given the recent listing trend, they suggested a 'subscribe' on the issue. Entry barrier, healthy track record, superior outlook on growth and return ratios would help Azad Engineering trade at premium valuations over peers post listing, anlaysts said.
Last heard, Azad Engineering was commanding a grey market premium (GMP) of Rs 440 in the grey market, which was at about 84 per cent premium to the upper end of the IPO price band. It has been holding on to this premium for a few days now.
Also read:Azad Engineering IPO to open on December 20; check price band, other details
Azad Engineering Ltd offers components to the aviation sector such as engine airfoils and other precision, forged and machined components. The manufacturer of mission & life-critical components serves highly regulated industries with significant entry barriers, as there is a stringent qualification processes take up to 30-48 months for on boarding a new vendor. Ventura Securities, Nirmal Bang, Reliance Securities, Canara Securities
Reliance Securities said Azad Engineering has demonstrated efficiency pursuant to machining time reduction and adherence to strict quality, resulting in competitive strength against manufacturers and exhibiting process design capabilities and cost competitiveness resulting in winning contracts. On a consolidated basis, the company reported a turnover of Rs 123 crore, Rs 194 crore and Rs 252 crore in FY21, FY22 and FY23, respectively. It clocked adjusted net profit of Rs 20.40 crore, Rs 33.10 crore and Rs 45.20 crore, respectively, for the periods mentioned.
"Azad Engineering is one of the fastest growing manufacturers with one of the highest Ebitda margins among the key players, backed by marquee investors, unique business model, strong TAM in various segments over the next few years, consistent track record of financial performance suggests a subscribe rating for the long term," Reliance Securities said.
Canara Securities said while the asking valuations stand appear to be fully priced as compared to peers, it would still recommend subscribe for listing gains. It noted that revenue for Azad Engineering grew at a compounded growth rate of 43 per cent between FY21 and FY23 and profit margin grew at a CAGR of 49 per cent during the same period. Azad Engineering's business requires more than just money to succeed, it said.
"Upon comparing with other similar capital goods players, we observe that Azad has delivered superior growth with similar return ratios while its valuation is broadly at par with the peer group. Based on stronger track record and superior outlook on growth, we expect Azad to trade at a premium to peers and, thus, we recommend to Subscribe to the IPO," said Nirmal Bang.
Azad Engineering generates 80 per cent of its revenues from 15 countries and its customers include global OEMs across the energy, aerospace and defence, and oil and gas industries such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace and MAN Energy Solutions SE to name a few. Azad's largest customer contributes about 21 per cent to the revenue and its top three customers account for 47 per cent to the revenue. Any change in
the business dynamics or sourcing policy of the top three customers could thus have an adverse impact on the company financials, analysts suggested.
Swastika Investmart said while the issue may appear fully priced, Azad Engineering's strong market position, promising future growth prospects, and current optimistic market sentiment could still present a potential opportunity for investors. This brokerage also has 'subscribe' rating from listing gains and a long-term horizon.
The IPO would conclude on Friday. The finalisation of the basis of allotment is likely by December 26, refunds and credit of equity shares are likely by December 27 while the Azad Engineering stock may list on December 28.
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WVU to launch robotics engineering major | WVU Today | West Virginia University – WVU Today
West Virginia University students in the undergraduate robotics engineering program will have opportunities to conduct research in robotics and participate in student projects and competition groups. (WVU Photo)
Students interested in the rapidly evolving world of robotics will now be able to enroll in a new robotics engineering major at West Virginia University following approval by the Board of Governors during a meeting Friday (Dec. 15).
The four-year degree program will officially launch in fall 2024 and builds on the globally recognized successof existing WVU robotics-related efforts.
Robotics engineering is one of the fastest growing professions in the world, Provost and Vice President for Academic Affairs Maryanne Reed said. This program will prepare students for a rewarding career in robotics engineering across well-established sectors such as aerospace, defense, transportation, health care and agriculture.
The BOG has approved more than a dozen new majors and programs in the last 12 months, including 10 majors at the undergraduate level and two graduate programs.
Master of Science in Psychology: Behavior Analysis
Master of Science in Neuroscience
Bachelor of Science in Engineering Technology
Bachelor of Science in Scientific and Technical Writing
Bachelor of Arts in Professional Writing and Editing
Bachelor of Arts in Esports Business and Entertainment
Bachelor of Arts in Sustainability Studies
Bachelor of Science in Earth and Environmental Science
Bachelor of Science in Environmental Engineering
Bachelor of Arts in Sport Leadership
Bachelor of Science in Forestry in Wood Science and Technology
LPN to BSN Program at WVU Potomac State College
The Country Roads Certificate Program gained approval to better prepare undergraduate students with disabilities for independence by providing academic courses, social engagement and real-world work experiences.
This year also saw the School of Medicine partner with the WVU Cancer Institute to provide oncology physical therapy training opportunities through a new residency program the first such program in West Virginia and one of just seven in the United States.
And Integrated Marketing Communications launched an executive cohort designed for mid-career, director-level marketing communications professionals.
We have been listening to students and working closely with deans, department chairs, faculty, our enrollment and recruitment experts, and others to adapt to meet the changing needs of students, Reed said. With more than 300 majors across a vast array of disciplines, WVU is well positioned to prepare the next generation of leaders for exciting careers.
Fridays meeting preceded Commencement ceremonies planned Saturday (Dec. 16). In his report to the Board, President Gordon Gee acknowledged the hard work and dedication of nearly 2,700 students who will receive their degrees.
Those of us taking part in the two ceremonies will once again enjoy honoring our graduates accomplishments and wishing them well for the future. Gee said.
Gee also highlighted the recent collaboration of WVU Extension, the U.S. Forest Service and others to bring the U.S. Capitol Christmas Tree from West Virginia to Washington with an abundance of Mountain State cheer.
As another year ends, this project symbolizes hope and renewal for West Virginia and our University, Gee said.
In other action, members approved the annual Personal Rapid Transit Agency Safety Plan and a proposal from the November meeting to form a Governance Ad Hoc Committee which will be chaired by BOG member Dr. Patrice Harris. The committee will work with the Universitys general counsel to map out and provide guidance to the Board related to several areas, including a presidential search, Board training and other functions. Harris will step down as chair of the Academic Affairs and Accreditation Committee and be replaced by Charles Capito.
Download the BOG Meeting Agenda Booklet from Dec. 15.
The next regular BOG meeting is scheduled for Feb. 23, 2024.
-WVU-
ak/12/15/23
MEDIA CONTACT: April KaullExecutive Director of CommunicationsUniversity Relations304-293-3990; akaull@mail.wvu.edu
Call 1-855-WVU-NEWS for the latest West Virginia University news and information from WVUToday.
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WVU to launch robotics engineering major | WVU Today | West Virginia University - WVU Today
Bumbling, bungling and bombshells at the T – Cambridge Day
It is a great irony that the T lies within a stones throw of a half-dozen schools of engineering, including one of the best engineering schools in the world. It is irony piled upon irony when we remember that the T lies within a stones throw of a half-dozen business schools, including one of the best business schools in the world.
Yet that may be part of the problem, over the past 40 years in business schools, financial engineering has become the most important and popular part of the curriculum. The best students aspire to raise money for their firms and for their clients using very esoteric financial instruments.
Yet in the mundane real world, mechanical engineering and civil engineering matters.
In the real world, manufacturing matters.
In the real world, operations matter.
In the real world, especially for the T, quality control matters.
The T contracted with one company to do the construction and with another company to undertake quality control. It might make some sense to have a different firm to evaluate the outputs from the constructors, but only in the world of financial engineering would an organization structure the quality control of inputs to be outsourced to a different company because it was the cheapest option.
Only in the world of financial engineering would an organization choose to forgo the tight control and integration of quality control for inputs with the core functions of construction and operations in favor of an arms-length relationship with a contractor.
This failed. The T has been accepting rail cars that malfunctioned and more recently accepting thousands of pre-assembled railway ties whose brackets the metal plates to hold the rails were set at the wrong gauge. This will mean an immense amount of rework.
Where was quality control at the contractors?
Where was quality control at the T?
The situation at the T is complicated by the fact that although the top executive just learned about the narrow tracks, the maintenance-of-way staff knew of the problem in April 2021 and piecemeal fixes to the problems were started then.
We know that it is incredibly difficult to get accurate information up organizational hierarchies. There are two problems: uncertainty absorption and the self-interest of subordinates.
Uncertainty absorption
Most work in organizations is structured hierarchically so communication flows up and down the organization. There are, however, times when communication must flow between different functions at the same level.
The problem is that distinct levels in the organization have different perspectives, and diverse groups at the same level have different interests.Folk at the bottom are concerned with operational nitty-gritty issues; those in the middle worry about administrative issues. Top managers should be worrying about strategic issues. Thus, information selected at the bottom for its operational relevance may be useless from a strategic perspective especially after the middle managers have put their administrative spin on it. Furthermore, information that is relevant from a strategic perspective may never be noticed because it is irrelevant for operational purposes.
In organizations, different departments have different frames of reference. For example, R&D people are concerned with technical issues; marketing people were more balanced having almost equal concern with business issues, customer needs, selling and technical issues; managers in manufacturing are concerned with production issues and, to a lesser extent, technical issues. These different foci make it difficult to share insights. When people with different frames of reference communicate, the receiver will distort the incoming information to fit her/his frame of reference.
Self-serving subordinates
In organizations, information is power. By holding back information, an individual makes others dependent on them in decision-making. In other situations, where there is a major difference in the technical competence between a manager and a subordinate (so the boss is unaware that the wool is being pulled over his eyes), the subordinate can manipulate the flow of information so as to make sure the boss makes decisions that are consistent with the subordinates best interests even though they may be sub-optimal for the organization. How can managers prevent being manipulated in this way? The shield against this kind of manipulation is by being as technically well informed as the subordinate. This enables the manager to undertake his own evaluation of the adequacy of the information.
A second form of misinformation that comes from subordinates is the suppression of unwelcome news or the inflation of good news.
The best way for managers to overcome both kinds of distortion is for the boss to reach down the hierarchy to gain information directly from the subordinates own subordinates rather than having it filtered through the bottleneck of the subordinates filtering mechanisms.
This, the Ts top managers must do. Now.
Martin G. Evans is a writer in Cambridge whose contributions on managerial and political issues have appeared in The Boston Globe, Cambridge Chronicle, MetroWest Daily News, Providence Journal, Toronto Star, Globe and Mail of Toronto, National Post of Toronto and the former Toronto Financial Post. He has taught at the Rotman School of Management at the University of Toronto, London Business School, George Mason University, Rutgers University and the Harvard School of Public Health.
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Restoration of sensory feedback from the foot and reduction of phantom limb pain via closed-loop spinal cord stimulation – Nature.com
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MSU business, engineering professors among most cited researchers in the world – Mississippi State University
Contact: Aspen Harris
STARKVILLE, Miss.Two prolific Mississippi State research professors are among the most-cited researchers in the world in the fields of business and economics, and geosciences.
James J. Chrisman, the Julia Bennett Rouse Endowed Professor in Management in MSUs College of Business, and Qian Jenny Du, the Bobby Shackouls Endowed Professor in the universitys Department of Electrical and Computer Engineering, again are named as Highly Cited Researchers in Clarivate Analytics 2023 Web of Science citation index. They are listed among scientists and social scientists around the world whose papers rank in the top 1% of citations for a field and publication year.
Chrisman, a top-cited researcher in business and economics, is one of only 86 researchers in the world in the field to be recognized. He has over 60 journal publications, along with a published book and book chapters. He has bachelors and masters degrees in business administration and finance from Western Illinois University and Bradley University, respectively. He also holds a Ph.D. in strategic management from the University of Georgia.
Du is a top-cited researcher in geosciences who has been referenced approximately 22,379 times. An MSU faculty member since 2004, her research interests are in digital image processing, remote sensing, data compression, neural network and superresolution. Du has served as an editor for several respected journals and has over 600 journal publications, among other published works. Her bachelors and masters degrees are from the Beijing Institute of Technology, and her masters and doctoral degrees are from the University of Maryland, Baltimore County, all in electrical engineering.
Mississippi State University is taking care of what matters. Learn more at http://www.msstate.edu.
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Muhibbah Engineering (M) Bhd (KLSE:MUHIBAH) May Have Issues Allocating Its Capital – Yahoo Finance
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Muhibbah Engineering (M) Bhd (KLSE:MUHIBAH) and its ROCE trend, we weren't exactly thrilled.
For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Muhibbah Engineering (M) Bhd is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) (Total Assets - Current Liabilities)
0.019 = RM40m (RM3.4b - RM1.2b) (Based on the trailing twelve months to September 2023).
Therefore, Muhibbah Engineering (M) Bhd has an ROCE of 1.9%. In absolute terms, that's a low return and it also under-performs the Construction industry average of 6.3%.
Check out our latest analysis for Muhibbah Engineering (M) Bhd
roce
In the above chart we have measured Muhibbah Engineering (M) Bhd's prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free report on analyst forecasts for the company.
On the surface, the trend of ROCE at Muhibbah Engineering (M) Bhd doesn't inspire confidence. Over the last five years, returns on capital have decreased to 1.9% from 4.8% five years ago. However, given capital employed and revenue have both increased it appears that the business is currently pursuing growth, at the consequence of short term returns. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run.
Story continues
On a related note, Muhibbah Engineering (M) Bhd has decreased its current liabilities to 37% of total assets. That could partly explain why the ROCE has dropped. What's more, this can reduce some aspects of risk to the business because now the company's suppliers or short-term creditors are funding less of its operations. Some would claim this reduces the business' efficiency at generating ROCE since it is now funding more of the operations with its own money.
While returns have fallen for Muhibbah Engineering (M) Bhd in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. However, despite the promising trends, the stock has fallen 69% over the last five years, so there might be an opportunity here for astute investors. So we think it'd be worthwhile to look further into this stock given the trends look encouraging.
While Muhibbah Engineering (M) Bhd doesn't shine too bright in this respect, it's still worth seeing if the company is trading at attractive prices. You can find that out with our FREE intrinsic value estimation on our platform.
While Muhibbah Engineering (M) Bhd isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Muhibbah Engineering (M) Bhd (KLSE:MUHIBAH) May Have Issues Allocating Its Capital - Yahoo Finance
Austin Engineering Limited’s (ASX:ANG) Popularity With Investors Is Clear – Simply Wall St
With a price-to-earnings (or "P/E") ratio of 26.8x Austin Engineering Limited (ASX:ANG) may be sending bearish signals at the moment, given that almost half of all companies in Australia have P/E ratios under 18x and even P/E's lower than 9x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
With earnings that are retreating more than the market's of late, Austin Engineering has been very sluggish. One possibility is that the P/E is high because investors think the company will turn things around completely and accelerate past most others in the market. You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.
See our latest analysis for Austin Engineering
In order to justify its P/E ratio, Austin Engineering would need to produce impressive growth in excess of the market.
Retrospectively, the last year delivered a frustrating 66% decrease to the company's bottom line. The last three years don't look nice either as the company has shrunk EPS by 21% in aggregate. Accordingly, shareholders would have felt downbeat about the medium-term rates of earnings growth.
Turning to the outlook, the next three years should generate growth of 61% per annum as estimated by the only analyst watching the company. Meanwhile, the rest of the market is forecast to only expand by 18% per year, which is noticeably less attractive.
With this information, we can see why Austin Engineering is trading at such a high P/E compared to the market. It seems most investors are expecting this strong future growth and are willing to pay more for the stock.
While the price-to-earnings ratio shouldn't be the defining factor in whether you buy a stock or not, it's quite a capable barometer of earnings expectations.
We've established that Austin Engineering maintains its high P/E on the strength of its forecast growth being higher than the wider market, as expected. Right now shareholders are comfortable with the P/E as they are quite confident future earnings aren't under threat. It's hard to see the share price falling strongly in the near future under these circumstances.
Before you take the next step, you should know about the 1 warning sign for Austin Engineering that we have uncovered.
You might be able to find a better investment than Austin Engineering. If you want a selection of possible candidates, check out this free list of interesting companies that trade on a low P/E (but have proven they can grow earnings).
Find out whether Austin Engineering is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Austin Engineering Limited's (ASX:ANG) Popularity With Investors Is Clear - Simply Wall St
Donors for new UW-Madison College of Engineering building shocked by Board of Regents rejection of funding deal with Republicans that included DEI…
Bill Monfre
Several donors for the $347 million project to build a new College of Engineering building at the University of Wisconsin-Madison said they were stunned over the weekend when they heard that the Universities of Wisconsin Board of Regents had rejected a deal that Republican leadership in the Legislature had reached with UW president Jay Rothman to provide funding for the project, and would have given the university systems employees a pay raise in exchange for UW staff position cuts for diversity, equity and inclusion.
I dont think anybody saw that coming, said Bill Monfre, a Green Bay-area resident who chairs both the Industrial Advisory Board for the UW-Madison College of Engineering and a coalition that advocates for a new College of Engineering building. I couldnt believe it.
Monfre is one of three private contingent donors to the UW-Madison College of Engineering building project that BizTimes Milwaukee spoke to Monday about the Board of Regents rejecting the deal that would have provided state funds for the project. They are all UW-Madison alumni.
Richard Antoine, a retired former Procter & Gamble employee, member of the UW-Madison College of Engineering Industrial Advisory Board and now a Florida resident, said he was shocked when he heard the Board of Regents rejected the deal.
There is no other word to better describe it, he said. Totally shocked.
Its certainly been an up and down range of emotions, said Jeff Roznowski, a former Wauwatosa alderman and another member of the coalition advocating for the UW-Madison College of Engineering building project, who worked for 30 years as a senior executive in engineering in the telecommunications industry. I was very surprised (by the Board of Regents vote).
Supporters of plans for a new UW-Madison College of Engineering building say it is needed to attract and develop the engineering talent needed for the states economy.
Everybody understands the current labor situation. Its very difficult to find help. You have a lot of companies that are looking for engineers, said Monfre, a longtime Procter & Gamble employee and small business owner, now retired. Engineers are in demand, and there arent enough of them. So, this building is part of a strategic plan that the College of Engineering has laid out to increase enrollment in order to produce more engineers. There are a lot of employers that I have spoken with that have said if we cant get the engineers that we need from the University of Wisconsin, they well go elsewhere to get them.
Theres a demand for engineering graduates from Madison, Antoine said. But there is an incredible gap between the number of applicants who apply to Madison and the number of people that we can take. Theres seven applicants for every opening in the freshman class. We just dont have enough space to put them. And when we graduate people there are nine job offers for every graduating student because we cant graduate enough students.
Business leaders with Ariens, American Family Insurance, Epic Systems, Generac, GRAEF, Johnson Controls, Kohler, Milwaukee Tool, Oshkosh Corp., Rockwell Automation, Trek and numerous other Wisconsin companies have called on the Legislature to provide funding for the project.
Supporters also say the new UW-Madison College of Engineering building is needed for the school to remain competitive with peer institutions.
There are other Big Ten schools that have good engineering schools, they are much larger than we are, they have newer buildings and facilities, Roznowski said. Frankly we need to catch up competitively.
The engineering school at Madison is one of the best at public schools in the country, rated very highly, valued by employees, Antoine said. But the facilities are generally old. Until this year the lab that I used when I was a chemical engineering student 50 years ago was still there. They changed it this summer. You cant run a world class engineering program with facilities that are just so outdated.
Private donors are expected to raise nearly $150 million for the project, on the condition that the state provides the remaining $200 million. Philanthropists who are supporting the project could pull their pledges if the state funding isnt provided.
That $150 million (in private donations) is contingent on the state funding the $200 million, Monfre said. If that doesnt happen, then those dollars go away.
Republicans, who control the Legislature, rejected funding for the UW-Madison College of Engineering building project in June and have refused to approve funding for pay increases for UW staff. Republicans have been extremely critical of the DEI programs in the UW system and have sought changes, resulting in a UW funding standoff that has gone on for months and appeared to be over with the deal reached last week between Rothman and Republicans.
In recent years weve seen a growing emphasis on concepts that amplify ideas of division, exclusion and indoctrination, Assembly Speaker Robin Vos, R-Rochester, said in a statement last week about the deal. Our caucus objective has always been aimed at dismantling the bureaucracy and division related to DEI and reprioritizing our universities towards an emphasis on what matter-student success and achievement.
But the Board of Regents voted narrowly, 8-9, on Saturday to reject the deal.
Its clear the regents are deeply divided over this proposal, have immense concerns about this process and the difficult position they were put in, and are all committed to their chargedoing whats best for our past, present, and future students, faculty, and staff, and the institutions that have defined our state for generations, Gov. Tony Evers said in response to the Board of Regents vote. I look forward to this discussion continuing in the weeks and months ahead. I urge legislative Republicans to remain in those conversations so we can work together and find common ground to do whats best for the UW System, including investing in the UW-Madison engineering building.
Supporters of the DEI programs said they are vital for making the Universities of Wisconsin an environment in which all students feel comfortable and accepted.
Students, staff, faculty, alumni, and community members sent a clear message to the UW Board of Regents we must fight for campuses where everyone is welcomed and feels they belong, Assembly Minority Leader Greta Neubauer, D-Racine, said on social media.
Theres certainly an element, a strong element of the state where DEI is very important. I understand to a degree the difficult decision that the regents had to make, Roznowski said.
But supporters of the deal argue that its the best option for the Universities of Wisconsin at this time, and alters but doesnt eliminate the DEI programs.
I think (UW-Madison chancellor Jennifer Mnookin) did a great job coming out explaining that we are not getting rid of our core values. This is something that we endear and are not getting rid of. And I thought (Rothman) did a great job of explaining that as well, Monfre said. It wasnt that the (DEI) system was being gutted or anything. There were some changes that were going to be made that were palatable. I thought they did a great job of positioning and negotiating and coming to an endpoint that they felt was the best deal and the fairest deal for everybody at the time.
Vos said on Monday that the deal Republicans made with Rothman was final and that he was not open to making any changes.
The Board of Regents is scheduled to hold another meeting Tuesday, with a closed session to deliberate and negotiate funding proposals.
Without state funding for the UW-Madison College of Engineering building, the project could be delayed until the 2025-27 budget cycle. But donors to the project could lose patience and pull their funds rather than wait until then and hope that the state funding eventually comes through.
Thats the big risk in all of this, Roznowski said. If we have to wait for the next budget cycle in 2025, this money is all contingent on this happening now. That goes away. We start new fundraising. Thats a large effort. Its a real risk and a real concern. If this doesnt happen now, were also starting over with fundraising.
A lot of donors are going to take their money elsewhere if this isnt turned around, Antoine said. I know a number of them. They said, well, then were going to have to go somewhere else, because thats an indication that they dont want the building or want our money. Its a big problem. A very big problem.
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