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Israel defence startup Commcrete raises $29 millionThe funding, Commcrete said, will support global expansion as its ultra-compact SATCOM systems gain adoption by defence, security, and emer...
Lyft, May Mobility roll out robotaxi service in AtlantaCustomers using the standard Lyft app will be able to hail Toyota Sienna minivans retrofitted by May Mobility on routes in and around Midto...
Lyft ditches humans! Self-driving shuttles to battle Uber & Waymo by 2026Lyft robotaxi launch 2026 marks a bold move by the ride-sharing giant as it partners with Holon to bring self-driving electric shuttles to ...
Intel to reduce headcount; shuts down automotive chip divisionIntel is implementing workforce reductions as part of a restructuring effort, which includes the closure of its automotive chip division. T...
Intel to sell majority stake in Altera for $4.46 billion to fund revival effortIntel will sell a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion. This move, under new CEO Lip-Bu Tan,...
Microchip Technology expects weak quarterly results on excess inventory impactSlowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the autom...
Wall St climbs on financials boost; investors parse jobs dataPrivate payrolls increased by 164,000 in December, compared with a 101,000 rise the month before. The report comes ahead of the official em...
Intel spins out AI software firm with backing from DigitalBridgeIntel executives would not comment on the value of the deal or whether it would retain a majority stake in the new venture, other than to s...
Mahindra is building a futuristic electric car that can even sense your moodThe new EV will have advanced features like autonomous parking, auto software upgrade, a new lightweight battery, a host of sensors to help...
'Frail recovery, Disappointed': What global companies are saying about ChinaMultiple global firms are expressing caution towards their business in China, due to a frail economic recovery from the pandemic slowdown. ...
Intel to sell $1.5 billion stake in MobileyeAfter the offering, Intel's voting share in the self-driving technology company will come down to about 98.7% from the current 99.3%.
Mobileye cuts revenue forecast on slow China EV demand, shares sinkChina’s decision last year to end a more than decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world’s...
Intel's Mobileye unit set for strong market debutMobileye's strong reception may buck the trend of recent market debuts where investors have given the cold shoulder to newly-listed compani...
Intel's Mobileye seeks drastically lower $16 billion valuation in IPOThe self-driving unit of Intel said in a regulatory filing it is offering 41 million shares of common stock priced between $18 and $20 per ...
Intel's Mobileye files for listing in first sign of thawing tech IPO marketMobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-a...
As US IPO market sinks, listings head to ChinaStock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. B...
Advanced Micro Devices (AMD) enters partnership with NIO to supply ChipsAMD and NIO entered into a partnership in recent development. AMD will be supplying chips to NIO according to the contract terms.
Intel plans to take self-driving car unit Mobileye publicChip giant Intel expects to retain Mobileye's executive team and hold on to a majority ownership in the unit after the initial public offer...
Google vs the Rest: Nobody wants to let the tech giant win war for Maps all over againAutonomous cars require powerful sensors to see and advanced software to think. They especially need up-to-the-minute maps of every conceiv...
nuTonomy beats the likes of Google and Uber by launching world's first self-driving taxi serviceFor now, nuTonomy has kicked off services with two models Renault Zoe and Mitsubishi i-MiEV which can be hailed using an app.