Schaeffler is acquiring the the drive-by-wire technology since it thinks it will play an key role in the coming self-driving range of vehicles. On Monday, Schaeffler Technologies AG, a German automotive supplier disclosed it was in the process of acquiring Space Drive, a drive-by-wire technology provider, from Paravan GmbH since it would play a key…
The deal comes ahead of the crucial upcoming American football season. On Monday, GVC Holdings Plc has agreed to enter into a joint venture with MGM Resorts International, a U.S. hotel and casino operator, to set up an online betting platform in the U.S. ahead of the upcoming American football season. Initially, GVC Holdings Plc…
China-based Luenmei Quantum Co and Samsung Catalyst Fund led investors in Mantis Vision’s latest funding round. On Monday, Mantis Vision, a high-tech Israeli firm which is in the business of providing 3D content and sharing technologies, stated it had raised $55 million in a funding round led by Samsung Catalyst Fund and China-based Luenmei Quantum…
With China slowly loosening regulation on foreign investments, investments and more JV are expected. The trade war with the U.S. is pushing Beijing to play nice with foreign investors. On Thursday, BMW disclosed it was in the process of developing a joint venture with a Brilliance, a Chinese firm. The German carmaker did not confirm…
The strategic move will see the new Guangzhou plant doubling the production rates of OLED display plates from their current 60,000 to 130,000. With LG Display being the top OLED displaymaker in the world, the facility at Guangzhou, China will control and cater to the OLED TV segment across markets in the world. On Tuesday,…
The 3-way deal, ahead of SoftBank’s planned listing of its domestic telecoms unit – likely to be the largest Japanese IPO in nearly two decades, could boost demand for online shopping and mobile payments among Japan’s tech-savvy shoppers. In a move that sees Japan’s SoftBank Group tightening its grip over Yahoo Japan, the conglomerate disclosed…
The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…
The strategic move could help ease antitrust concerns for Chinese regulators. In a strategic move, NXP Semiconductors NV, a U.S. chipmaker who was the target of a $44 billion takeover bid by Qualcomm Inc, sold its stake in a Chinese chip design joint venture firm. As per a stock exchange filing, NXP sold its 40%…
Germany’s Infineon Technologies AG and China’s SAIC Motor Corp are to collaborate on making power modules for this booming electric vehicle market. On Friday, German chipmaker Infineon Technologies AG and China’s SAIC Motor Corp, a carmaker, agreed to set up a joint venture, SAIC Infineon Automotive Power Modules, to make power modules for the Chinese…
Sony Corp is the latest tech firm vying for market share in Japan’s highly regulated ride-hailing market and is set to partner with Daiwa Motor Transportation and 4 other domestic Japanese taxi firms for the same. On Tuesday, Japan’s Nikkei newspaper reported, Sony Corp is to become the latest tech firm which is jockeying for…
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