Fiat Chrysler and PSA Peugeot to reportedly unveil 50-50 merger MoU

Italian-American automotive giant Fiat Chrysler Automobiles (FCA) and French automaker PSA Peugeot are reportedly in talks to unveil a merger memorandum of understanding on Wednesday. The merger, which was announced by the two companies ea....

Hyosung buys MEPPI’s high-voltage transformer plant in U.S. for $46.5M

South Korean industrial conglomerate Hyosung Heavy Industries is seemingly aiming to reinforce its presence in one of the world’s largest electric power markets. The company has reportedly obtained its first production base in the U.S....

Telefonica Deutschland appoints Huawei to help build German 5G network

5G mobile communication network, which promises super-fast data speeds along with building a foundation for smart homes, smart cities and smart spaces, is anticipated to be in place around major parts of the world in the near future. Teleco....

Enflame Technology to use Rambus’ HBM2 memory IP in AI training chips

With artificial intelligence (AI) more than just a buzzword now, the amount of data generated is rising exponentially every year. AI training as well as advanced AI and neural network applications require far greater bandwidth than standard....

Panasonic unveils tempered vacuum insulated glass technology

Electronics major Panasonic Corporation is seemingly looking to make a mark in the vacuum insulated glass industry, after it entered the sector in 2017. The company has recently developed tempered vacuum insulated glass and another variant ....

BIONIK to use Propel’s PLM & QMS offerings to boost product development

Canadian medical devices and robotics company BIONIK Laboratories Corp. has reportedly selected Santa Clara, California-based Propel to be its Product Lifecycle Management (PLM) and Quality Management System (QMS) solutions provider. The c....

U.S. state AGs are suing to stop the $26.5B T-Mobile-Sprint merger

Attorneys general from over a dozen states are reportedly suing to block T-Mobile’s $26.5 billion megamerger with Sprint, alleging that the deal violates anti-competitive law. The state attorneys general claim that the deal between tw....

Guru IoT presents PEDDY, a smart robotic companion for pets

Robotics is a rapidly and constantly evolving space. The deployment of robots to achieve home automation has completely revolutionized the industry and will continue to transform human lives in countless ways. Domestic robots are now becom....

CCEP to test drive Einride’s autonomous cargo pods in Sweden

Swedish autonomous truck startup Einride is reportedly partnering with Coca-Cola European Partners (CCEP) to test its electric driverless cargo pods on Sweden’s roads. As part of a commercial pilot, the startup will deploy its autonom....

ViacomCBS to create and deliver premium content for American viewers

As more and more people switch from cable TV to online streaming, a growing number of companies in the media business are adopting merger strategies to compete with leaders such as Netflix and Amazon. American mass media company Viacom and....