In order to add automotive chips to its portfolio, Qualcomm has agreed to buy NXP Semiconductors for approximately US$47 billion, according to a Qualcomm announcement. A subsidiary of Qualcomm will offer to acquire all outstanding common shares of NXP for $110 per share in cash, which makes up the total enterprise value of $47 billion. … continue reading
As an attempt to stop car accidents and free the road of congestion, Volvo Cars is joining other carmakers in establishing an autonomous driving (AD) trial next year in the U.K. The company wants to make sure no one is seriously injured or killed in a new Volvo by 2020, according to a company announcement. … continue reading
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