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FCA partners with silicon valley startup Aurora for creating autonomous platforms

Tech companies are increasing going up the value chain for automakers. This partnership is the latest example of this strategic tie-up. In a development that marks the latest collaboration between Silicon Valley and automakers, Aurora, a self-driving car software startup stated it will be partnering with Fiat Chrysler to build autonomous platforms for commercial vehicles.…

Samsung Electronics prunes production midst falling market share in China

Samsung’s Chinese rivals have increased their respective market share at Samsung’s expense. South Korea’s Samsung Electronics Co Ltd stated it plans on pruning the production of its smartphones in China following a fall in market share. Domestic Chinese rivals have squeezed its share in China to less than 1%. The plan to reduce the output…

Digital Colony raises $4.05 billion for digital infrastructure fund

The development is significant since typically buyout funds focus on physically infrastructure. In contrast Digital Colony’s fund illustrates how investors are now seeking assets that support the digital economy. According to sources familiar with the matter at hand, private equity firm Digital Colony, which has the backing of U.S. real estate investor Thomas Barrack, has…

Radio-frequency chip maker MaxLinear stops chip shipments to Huawei

Going by its revenue forecasts, MaxLinear’s revenues have not been materially affected by this disruption. In a significant development, MaxLinear Inc, a radio-frequency chip maker disclosed it has stopped shipping its semiconductors to Huawei Technologies Co Ltd and its affiliates. MaxLinear stated it cannot predict when shipments to Huawei will resume. The company has revised…

SoftBank to launch autonomous-enabling services in Japan in July 2019

SoftBank’s service will power a range of machineries including autonomous farm equipment to buses and drones. In a statement, Japan’s SoftBank Corp stated it will be launching a service in 2019 that will use satellite navigation data and the telco’s mobile base stations to help power self-driving buses, drones and farm machinery. SoftBank’s service will…

Hackers gained access to Australian National University sensitive database

Australian National University is Melbourne’s top university and its graduates hold senior positions in the government. Hackers were able to gain access to bank account numbers as well as passport details. On Tuesday, one of Australia’s top-ranked university the Australian National University (ANU) stated hackers had breached its cyber defenses in late 2018 and had…