On Monday, following Toyota Motor Corp opening its first commercial hydrogen fuel pump site in the Australian state of Victoria, it urged the government to encourage the rollout of more such sites across the country so as to boost the take-up of cleaner cars. Next month, Toyota is bringing in twenty of its Mirai hydrogen…
In a significant development, according to three sources familiar with the matter at hand, Xiaomi Corp plans on entering the electric vehicles (EVs) segment using Great Wall Motor Co Ltd’s factory, making it the latest tech firm to join the smart mobility race. Xiaomi, one of China’s biggest smartphone makers, is in talks to use…
In a significant development, Xiaomi Corp announced on Friday that it will unveil a new self-developed computer chip on March 29 on its official Weibo social media account.
In a statement Synnex Corp, an IT solutions firm said, it will merge with Tech Data in a deal worth about $7.2 billion, including debt. The combined company will create one of the world’s biggest IT distribution companies. With the news reaching the market Synnex’s shares surged by 6.5%. The merger comes less than…
According to a report from VentureBeat, Discord Inc is exploring a sale that could value it at more than $10 billion. San Francisco-based Discord is in final negotiations with one party, said the report. The company does not comment on rumors or speculation, said Discord. The coronavirus-induced pandemic has boosted prospects of gaming companies with…
On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
In a statement NASA said, it had signed an agreement with SpaceX aimed at avoiding collisions between their respective satellites. The agreement will enhance data sharing between NASA and SpaceX’s Starlink, a space internet venture, to ensure both parties are fully aware of the exact location of spacecraft and debris in orbit. “With commercial companies…
Alphabet Inc’s Google is set to invest $7 billion in data centers and offices across the U.S. in 2021, down from $10 billion last year; the move will create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The move will see the tech giant expand its data centers in…
In a statement Facebook Inc said, it is developing a wristband that would be able to control its augmented reality (AR) glasses that are scheduled to be launched later this year. Those wearing the band would be able to interact with the virtual world when they move their finger, said the company in a blog…
On Friday, in a statement Chinese autonomous driving startup Momenta said it has received $500 million from Toyota Motor, SAIC Motor, and Bosch; the move underscores the global auto industry’s push towards an autonomous future. Other investors in the funding round include Yunfeng Capital, Daimler AG, Tencent, Temasek, said Momenta in a statement without disclose…
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