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The company recently announced that it will be merging with special-purpose acquisition company Climate Change Crisis Real Impact I Acquisition Corporation to debut on the NYSE. The transaction will add an estimated $575m in operating capital to the firm.
Semiconductor supply chain woes continue to plague the automotive sector, with more OEMs announcing that they will be halting production due to lack of availability of critical silicon necessary for everything from brakes and power windows to regulatorily mandated advanced driver-assistance systems.
As 2021 begins, we present our annual wrap-up of the key trends and technologies that we expect to drive the collective tech industry narrative over the next 12 months. It will likely be a make-or-break year for many.
Amazon Web Services has gone all-in on IoT and the edge " its annual user conference, now virtual, provides a springboard for new IoT security, analytics and device software.
Not shy about spending large sums of money, Hyundai will spend $87bn on autonomous and electric vehicle development by 2025. It wants to get robotaxis to the road in the next few years and release autonomous vehicles for purchase by 2024, and plans to grow its EV lineup from 24 to 44 models by 2025.
Volkswagen Group has disclosed that it is currently experiencing supply chain issues with semiconductors. The company says this will impact its production of vehicles across its portfolio that leverage the Modular Transverse Matrix platform.
Adoption of the Internet of Things was already growing rapidly before the global pandemic, which has only served to accelerate projects to help enterprises better cope with the challenges of remote work, workplace safety, and safeguarding employees and customers.
The company's acquisition of Uber ATG, coupled with its in-house LiDAR capabilities and ability to run millions of simulations per day on its Virtual Testing Suite, could give Aurora an edge as it vies for market share in the autonomous trucking industry.
While 2020 is unlikely to be considered a great year by many people, it has certainly been a memorable one. In particular, the accelerated shift to embrace cloud delivery and remote ways of working have catalyzed the adoption of many capabilities that edge processing and 3-D technology enable.
The special purpose acquisition company has reached a deal to acquire Innoviz, a maker of LiDAR sensors for automotive and other applications. Innoviz will have a post-transaction value of approximately $1.4bn, and joins other peer LiDAR manufacturers that have gone public via SPACs in the second half of 2020.
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