By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche Automobil Holding SE, Qualcomm Ventures, VentureTech Alliance and others. As automakers pivot to electric vehicles with more driver assistance functions, they are revamping…
By Philip Blenkinsop BRUSSELS (Reuters) – Washington and the EU will pledge joint action to tackle concerns focused on China about non-market practices and coordinate their export controls on semiconductors and other goods at a meeting this month, a draft statement showed. U.S. Secretary of State Antony Blinken, European Commission Vice-President Margrethe Vestager and other…
(Reuters) – A former head of engineering at Bytedance in the United States has said the company discharged him after he voiced concern to management that it was taking user content from other platforms, mainly Instagram and Snapchat. The dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban…
SHANGHAI (Reuters) – Chinese smartphone maker Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and the smartphone industry. The company, one of China’s best-selling domestic smartphone brands, said it will cease operations of its Zeku unit, which it set up in 2019. Its products include the MariSilicon…
By Ismail Shakil OTTAWA (Reuters) -Automaker Stellantis and South Korea’s LG Energy Solution (LGES) are implementing “contingency plans” related to a more-than C$5 billion ($3.7 billion) battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said on Friday. “As of today, the Canadian Government has not…
By Daina Beth Solomon CIUDAD JUAREZ, Mexico (Reuters) – Oriana Silva, a 30-year-old Venezuelan mother of two, was so determined to make it to the United States that she entered illegally and was expelled back to Mexico five times in seven months. Now, she is trying another way she hopes will be easier: the U.S….
(Reuters) -Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. The companies that do not adhere to…
BRUSSELS (Reuters) – EU antitrust regulators extended on Friday their deadline for a decision on U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing firm VMware by three days to June 26. The deadline was extended in agreement with the companies, a European Commission spokesperson said. Broadcom Chief Executive Hock Tan last week sought…
By Akash Sriram (Reuters) -Elon Musk’s appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday. Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock…
MUNICH (Reuters) – Software AG Foundation, the largest shareholder in German business software developer Software AG, said on Friday that it continues to support private equity firm Silver Lake Management’s offer to buy the company. The foundation’s management is “convinced that Silver Lake is the right long-term partner” for Software AG, it said in a…
