The move is aligned with the Trump Administration’s policy on Beijing vis-a-vis semiconductors. On Friday, as per a report from The Information citing sources who are employees at a joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Huaxintong Semiconductor (HXT), the joint venture is set to close by the end of this month.…
Qualcomm Inc not only potentially secured its place as the leader the development of 5G phone chips but also managed to add another $30 billion to its market value following a settlement that is reached with Apple Inc over a legal issue. This move could also result in the company making a similar settlement in…
The undisclosed investment is aimed at increasing its footprint in China’s automotive radar market. On Wednesday, Dutch chipmaker NXP Semiconductors NV stated, it has invested in Chinese self-driving technology company Hawkeye Technology Co Ltd to expand its footprint in the automotive radar market in China. NXP has also signed a collaboration agreement with Hawkeye in…
Intel is however assessing opportunities for 4G and 5G modems for other data centric devices. In a significant development, Intel Corp disclosed it was exiting the 5G smartphone modem business; it is however assessing opportunities for 4G and 5G modems for internet of things (IoT) devices, PCs, and other data-centric devices. “…in the smartphone modem…
The new center will focus on Aptiv’s L4 or level 4 technology. On Wednesday, Aptiv, a U.S. auto-parts supplier stated it was opening an autonomous mobility center in Shanghai. The development underscores its push to increase in footprint in the self-driving vehicles market in China. The new center in Shanghai, will be one of Aptiv’s…
There is a rising concerns among lawmakers in the United States about the increasing of e-commerce company Amazon’s influence over consumers even as the company attempts to relentlessly pursue its objectives of growth and profits in e-retail, cloud computing, advertising and consumer devices. However, faced with such a situation, it appears that Amazon is trying…
United States tech giant Appel Inc. joined a host of French companies to pledge donations to for rebuilding the Notre Dame Cathedral in Paris following the severe damage that the historical monument suffered after a devastating fire on Monday night. This was announced by CEO of Apple Tim Cook in a tweet on Tuesday morning…
Japan’s financial regulator is pushing to improve internal security in the country’s cryptocurrency exchanges. On Tuesday, in a development that marks Japan’s intent to increase its oversight of cryptocurrencies, Japan’s financial regulator stated, cryptocurrency exchanges will now require to strengthen internal oversight of “cold wallets” used to store digital money, said a source with direct…
The statement from the CFO of the Bavarian carmaker puts to rest rumours of deepening its alliance with rival carmaker Daimler. On Tuesday, Nicolas Peter, BMW’s Chief Financial Officer (CFO) stated, it does not foresee a joint development with of a compact vehicle with a rival German carmaker. “We have no plans to develop a…
The Mercedes EQB SUV will be an electric vehicle. Daimler’s CEO made this comment on the sidelines of the Shanghai Autoshow. On Tuesday, Dieter Zetsche, Daimler’s CEO stated, the carmaker plans on launching an electric compact sport utility vehicle in 2021. It will be called the Mercedes EQB. Zetsche made this comment at a press…
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