Broadcom signs multi-year agreements with Apple Inc

Chipmaker Broadcom Inc stated, it has entered into two multi-year agreements with Apple Inc for supplying wireless components used in its products. The agreements, “2020 SOWs”, are in addition to existing ones for supplying radio frequency components and modules to Apple. Together the agreements are likely to generate around $15 billion in revenues for Broadcom.…

VW aiming to build 50 million electric vehicles globally: Herbert Diess

The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…