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…
4 Japanese carriers, including NTT Docomo, KDDI and SoftBank Corp, and Rakuten Inc, have been allocated 5G spectrum. They will be investing a total of around $15.29 billion, a conservative figure, spread across 5 years to build their 5G networks. In a significant development that marks the a milestone in the impending launch of high-speed…
The development assumes significance as it marks Hyundai’s forray into fleet vehicles. In a move aimed at helping Indian ride-hailing platform Ola catch up, South Korean automakers Hyundai Motor Co and Kia Motors Corp stated, they will invest a combined total of $300 million in Ola. The move follows the $275 million that the pair…
The 7-month old electric scooter sharing startup plans on using the funds for R&D and for increasing its footprint in the EU. On Monday, VOI Technologies, an electric scooter sharing startup that is just 7 months old stated it has raised $30 million in its latest fundraising round. VOI Technologies plans on using the proceeds…
Abu Dhabi’s state-owned Mubadala Investment Co is aiming to invest between $5 million and $30 million in European startups. On Monday, as per a report from the Financial Times, Japan’s SoftBank Group has provided nearly 50% of the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co. Mubadala Investment Co,…
Boeing’s investment aims to tap growing high-end demand for air travel that slashes travel time. In a filing, Boeing Co has disclosed, it has made a significant investment in Aerion, a supersonic business jet developer. The development comes in the wake of Boeing, the world’s largest planemaker looking to tap increasing demand for high-end aircraft…
Although London is still maintaining a sizeable lead, Paris and Berlin are fast catching up. The gap could narrow down significantly in case of a cliffhanger Brexit. Data from PitchBook, a funding database, shows that despite Brexit, London has managed to cling on to the title of the top destination for technology investments in 2018…
Germany’s biggest network operators, including Deutsche Telekom, Telefonica Deutschland and Vodafone have sued the market regulator for placing new preconditions in the country’s 5G auctions which are to take place in early 2019. As per a report by German newspaper Die Welt, Deutsche Telekom has filed a lawsuit against Federal Network Agency for setting preconditions…
This strategic investment aligns multiple sweet spots: in a single stroke Elon Musk is increasing Tesla’s footprint in China, the world’s biggest auto market, boosting production capacity and export potential while facing Chinese EV startups head-on. In a development that marks Tesla’s latest attempt to boost its footprint in China, as per a local business…
With this move, Apple will create 20,000 jobs in the U.S. and will plough in more than $10 billion, apart from the $1 billion for its new campus, over the next 5 years. Apple Inc stated, it would sink in $1 billion for its second campus in North Austin, Texas; it would also invest a…
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