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In medieval Europe, many professions were under the control of guilds. These had a monopoly over that profession in their particular city or state, backed up with all the legal power of the monarch. If you werent in the guild you couldnt practice your craft. Except in a few ossified forms they are a thing of the past, but we have to wonder whether that particular message ever reached Western Canada.

An electoral candidate with an engineering degree who practices what any sane person would call engineering, has been ordered by a judge to cease calling himself an engineer. The heinous crime committed by the candidate, one [David Hilderman], is to not be a member of the guild Association of Professional Engineers and Geoscientists of B.C. We get it that maybe calling a garbage truck driver a waste collection engineer may be stretching it a little, but here in the 21st century we think the Canadian professional body should be ashamed of themselves over this case. Way to encourage people into the engineering profession!

Here at Hackaday, quite a few of us writers are engineers. Stepping outside our normal third person, I, [Jenny List], am among them. My electronic engineering degree may be a little moth-eaten, but I have practiced my craft over several decades without ever being a member of the British IEE. No offence meant to the IEE, but there is very little indeed they have to offer me. If the same is true in Canada to the extent that they have to rely on legal sanctions to protect their membership lists, then we think perhaps the problem is with them rather than Canadian engineers. You have to ask, just how is an engineering graduate whos not a guild member supposed to describe themselves? Some of us need to know, in case we ever find ourselves on holiday in Canada!

Header: Joe Gratz, CC0.

Excerpt from:

When Is An Engineer Not An Engineer? When He's A Canadian Engineer - Hackaday

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.

Excerpt from:

Intel allegedly experimented with dual CPU chiplet configuration on Meteor Lake engineering sample, but shipping ... - Tom's Hardware

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.

Read the original here:

Azad Engineering IPO fully priced but analysts see listing gains; GMP, listing, allotment date & more - Business Today