Sources familiar with the matter have disclosed, U.S. chipmaker Nvidia is set to win an unconditional approval from the European Commission over its $6.8 billion acquisition bid to acquire Mellanox Technologies. Known for its powerful graphics chips, Nvidia is looking to boost its data center and artificial intelligence business; acquiring Mellanox will help it better…
On Wednesday, Japanese truck maker Isuzu Motors disclosed, it plans on tieing up with Sweden’s Volvo AB, in order to deepen its grip on next-generation technologies including electrification and autonomous driving, Japan’s Yomiuri newspaper reported that Isuzu would be holding a news conference at 0600 GMT in Tokyo on an “alliance” without elaborating.
With 90% of the world’s trade being transported by sea, the Global shipping industry contributes around 2.2% of the world’s CO2 emissions. In order to cut down emission levels, shipping associations have proposed creating a research fund. They have already raised $5 billion to develop technology to help the sector comply with U.N. emission targets.…
In a statement, Toyota Motor Corp disclosed, its automated driving R&D unit plans on deploying advanced self-driving capabilities in mobility service vehicles before it does so in personal-use vehicles. “‘Level 4’ (driving capabilities) is really what we’re striving for to first appear in mobility as a service,” said James Kuffner, CEO of Toyota Research Institute-Advanced…
On Tuesday, sources with knowledge of the matter at hand disclosed, Fiat Chrysler Automobiles NV’s board is scheduled to meet later this afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA. Peugeot’s board is also expected to meet this afternoon and is expected to consider a memorandum of…
In a significant development, for the first time in 20 years, in January 2020, Boeing Co will halt the production of the 737. The development comes in the wake of the two fatal crashes of the 737 MAX, which led to the grounding of the plane worldwide in March. The halt in the production of…
Data from the European Commission’s website shows that U.S. chipmaker Nvidia did not offer any concessions to EU antitrust regulators who are examining its $6.8 billion bid to acquire Mellanox Technologies. The European Commission is set to take a decision on Nvidia’s biggest-ever acquisition by December 19. It is to be seen whether the EC…
In a background of rising economic and political challenges stemming from Brexit and UK’s general elections, British online retailer The Hut Group (THG) disclosed it has raised $1.10 billion (1 billion euros). It went on to add, it will channel the funds for further expansion. The new capital comprises a 600 million euro term loan,…
On Friday, Telenor stated, it has selected Ericsson for creating its fifth-generation (5G) telecoms network in Norway. The development comes in the wake of intelligence reports from across the globe that China’s Huawei could potentially pose an espionage threat. Recently Norwegian security services had also warned against espionage threats arising from Huawei. “Ericsson will modernize…
On Friday, following a hard fought contest, Airbus has emerged as the leading supplier for jets for Qantas Airways Ltd, which will these jets for ultra-long haul commercial flights between Sydney to London. With Airbus being selected for supplying up to 12 A350-1000 planes fitted with extra fuel tank for flights of up to 21…
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