Qualcomm, SSW Partners purchase Veoneer for $4.5 billion
Qualcomm and SSW Partners have agreed to buy Swedish automotive technology group Veoneer, for $4.5 billion, according to a statement by Veoneer. The company’s technology in creating advanced driver assistance systems made it an attractive target.
Qualcomm offered to buy Veoneer in August, at a... Read more
Intel to invest up to 80 bn Euros to boost EU chip capacity
The company's CEO named the figure at a Munich trade show this week.
Reuters has reported that Intel could invest as much as 80 billion euros in Europe over the next decade to boost the region's chip capacity and will open up its semiconductor plant in Ireland for automakers.
Intel CEO Pat Ge... Read more
Intel in talks to make chips for automakers in 6-9 months
In a report by Reuters, Intel’s CEO said on Monday that the company is in talks to start making chips for automakers, to offset the shortage, which has slowed down the automotive industry considerably.
Chief Executive Officer, Pat Gelsinger, said that Intel is talking to companies that design ... Read more
Chip shortage is causing manufacturing delays
Companies dealing in cars, electronics, smartphones, TVs and any other technology that need chips, are dealing with a global shortage. The companies have expressed concern, as manufacturing delays start to appear, in the wake of rising consumer demand.
The shortage is attributed to several cause... Read more