The size of the text Charging point on a Volkswagen electric om tomobile. Lisa Johansson-Kopitz / Bloomberg Volkswagen Wants to be a leader in electric vehicles around the world. Playing Tesla with Pepsi is not that satisfying Coca Cola. The German automaker had arranged an update of EV ambitions in …
Read More »Uber sells its ‘flying taxi’ business to startup Joby
A day after unloading its self-driving vehicle unit, Uber Technologies Inc. Silicon Valley startup Joby Aviation said it would acquire Uber Elevate, and that Uber has agreed to invest 75 75 million as part of the deal. Joby told Uber UBR, -1.47% It had previously invested an undisclosed $ 50 …
Read More »Elon Musk says he has gone to Texas
Tesla Inc. TSLA 0.30% Chief executive Elon Musk said he has relocated to Texas, becoming one of the top executives to leave Silicon Valley during a coronavirus epidemic. He said the move had been going on for months and California lamented that the state was happy with its innovations and …
Read More »Nvidia crushed earnings estimates. Its stock is slipping
The size of the text A sign has been posted in front of the Nvidia headquarters Justin Sullivan / Getty Images Nvidia returned to its roots late Wednesday when earnings were reported to have outpaced the data-center business by selling videogame chips, as the company re-established itself in a position …
Read More »Intel Near, S.K. Will deal with Hinix to sell the NAND memory unit
Intel Corpo. INTC 0.70% South Korea’s SK Hinix is close to a deal to sell a memory-chip unit Inc. 000660 1.64% For about billion 10 billion, the move will stabilize the semiconductor giant away from an area of historical significance that has become more challenging. Companies are discussing deals that …
Read More »