deal,

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…

Electric Car Technology To Be Jointly Developed By JLR And BMW To Save Costs

Electric car technologies would be jointly developed by BMW and Jaguar Land Rover as the two car makers have decided to use their resources together. Electric motors, transmissions and power electronics would be jointly developed by them, announced the two car giants. Amidst a business environment of dropping sale of cars and increasing costs of…

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…

Google faces privacy woes stemming from data handling for its online ad business

Google online ad business faces strong risks of non-compliance to EU’s GDPR. In a development that marks a heightening of Google’s privacy woes, privacy campaigners have filed complaints to data protection regulators in France, Germany and seven other EU countries over the way Google handles data in its online advertising business. Last month, complaints filed…

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…