Renault move is aimed at tapping China’s growing electric vehicles market. In a deal which sees French carmaker Renault taking a 50% stake, the carmaker has formed a joint venture partnership with China’s Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market. In a statement Renault said, it would increase its…
The Vsmart phones will be made at a factory in Vietnam’s capital, Hanoi, and will be sold in the EU and European markets from April 2020. On Friday, Vietnam’s biggest-listed firm by market value, Vingroup JSC stated it had signed a deal with Qualcomm and with a unit of Japan’s Fujitsu Ltd, to produce 5G…
Nvidia’s graphic chip will be powering the machine learning algorithms that will enable Volvo’s self-driving trucks to navigate from production facility to warehouse. In a significant development, Sweden’s AB Volvo stated, it will collaborate with Nvidia to develop artificial intelligence used in self-driving trucks. The agreement marks a long-term strategic partnership which spans several years.…
The potential deal values U.S. chipmaker Cypress Semiconductor Corp at around $10 billion. As per a report from Bloomberg, German chipmaker Infineon Technologies AG is closing in on a deal to acquire Cypress Semiconductor Corp; the potential deal values the U.S. chipmaker at nearly $10 billion. The report which cites sources familiar with the matter at…
HP Sure Sense uses AI and deep learning to predict and prevent security threats. On Tuesday, in a statement HP Inc stated it is collaborating with Israeli cybersecurity firm Deep Instinct to launch HP Sure Sense. The collaboration is aimed at preventing advanced cyber attacks. Financial details of the deal have not been released. According…
Wal-Mart is in the process of fixing the issues due to which it had to cut its ties with the logistics firm. In a significant development that marks a setback against Wal-Mart’s efforts to fight Amazon.com in the groceries segment, logistics firm Deliv and Walmart Inc have discontinued their same-day grocery delivery partnership. In 2018,…
Qualcomm, the biggest smartphone chipmaker, fell victim to the U.S.-China trade war after it failed to gain approval from Chinese regulators in its $44 billion deal to acquire NXP Semiconductors. On Monday, U.S. chip maker Qualcomm Inc stated, it considers the prospects of acquiring NXP Semiconductors as closed. “While we were grateful to learn of…
