Tag Archives: technology

BERLIN/FRANKFURT (Reuters) - German chip supplier ZF and American chipmaker Wolfspeed Inc are expected to announce on Wednesday plans to build an electric vehicle (EV) chip plant in the Saarland regio...

By Nick Carey COVENTRY, England (Reuters) - UK auto supplier Aurrigo International Plc made a conscious decision nearly a decade ago to develop slow-moving autonomous vehicles (AVs) in order to conser...

(Reuters) - Corporate and private investors have turned from funding autonomous trucks and passenger cars to companies and applications in a variety of non-automotive settings, from construction and m...

By Nick Carey and Paul Lienert COVENTRY, England (Reuters) - Developing fully autonomous vehicles (AVs) that can go everywhere has proven harder and more expensive than expected, but investors are con...

By Paul Lienert (Reuters) - Michigan-based battery startup Our Next Energy (ONE) on Wednesday said it closed a $300 million Series B funding round that takes the three-year-old company's valuation to ...

(Reuters) - Intel Corp on Tuesday confirmed that it has implemented broad employee pay cuts. The reductions will range from 5% of base pay for mid-level employees to as much as 25% for Chief Executive...

By Alexandra Alper and David Shepardson WASHINGTON (Reuters) - An American official on Tuesday made the most direct comments by a U.S. authority to date acknowledging the existence of a deal with Japa...

By Chibuike Oguh and Tiyashi Datta NEW YORK (Reuters) - Memory chip maker Western Digital Corp said on Tuesday it will receive $900 million through a convertible preferred stock deal from private equi...

SEOUL (Reuters) -South Korea's SK Hynix Inc posted a record quarterly operating loss on Wednesday after warning of an "unprecedented deterioration" in memory chip demand. The world's second-biggest me...

By Nate Raymond BOSTON (Reuters) - The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions o...