We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon
Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
HP's Metal Jet 3D printer may build your next car's innards The printing giant debuts technology it expects to revolutionize manufacturing. cnet.com HP has signed deals with experienced metal manufacturing partners and with customers including Volkswagen and Johnson & Johnson Medical Devices. So don't be surprised if your next car's gears or suspension links are built partly from this new method of digital fabrication.
Consulting firm McKinsey sees a bright future for the technology. "3D printing is a very small part of the metals industry, but it is growing rapidly and this market is expected to be worth as much as $10 billion by 2030 to 2035," it said in a 2017 report. "We expect the current low-scale experiments to shift to broader industrial adoption within the next five to 10 years."
Photo by Pat Greenhouse/The Boston Globe via Getty Image ____________________________
Desktop Metal, a maker of 3D metal printing systems for commercial and industrial use, has raised $160 million in new funding led by a subsidiary of Koch Industries, at a valuation of around $1.5 billion.
Why it matters:The Massachusetts startup has now raised more venture capital ($438m total) than any other 3D printing company in history, and expects to roll out its mass production printer later this quarter, after several months of delays. It already has a desktop prototyping printer on the market.
3D Systems (NYSE:DDD) was upgraded by analysts at Piper Jaffray Companies from a "neutral" rating to an "overweight" rating. They now have a $17.00 price target on the stock.
Stratasys (NASDAQ:SSYS) was upgraded by analysts at Piper Jaffray Companies from a "neutral" rating to an "overweight" rating. They now have a $31.00 price target on the stock, up previously from $19.00