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SiLC Secures $25 Million in Additional Funding to Advance Machine Vision for AI Applications
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } MONROVIA, Calif.–(BUSINESS WIRE)–Nov 15, 2023– SiLC Technologies, Inc. (SiLC), a leader in silicon photonics, today announced $25 million in additional funding to bring the total funding proceeds to date, from its Seed and Series A, to $56 million. New…
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Ferrari SF90 XX Stradale Shatters Fiorano Lap Record
The SF90 XX Stradale sets a new road car record at Fiorano, outpacing its predecessor with a 1:17.309 lap time. The Ferrari SF90 XX Stradale, a marvel of automotive engineering, has recently etched its name in the annals of motor racing by setting a blistering lap record at the Fiorano Circuit. This limited-series special edition…
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RanLOS and Anritsu develop 5G vehicle OTA test solution
A first-of-its-kind 5G antenna over-the-air (OTA) measurement system has been launched by RanLOS, Toyo Corporation (Toyo), AeroGT Labs and Anritsu. The system has been engineered with RanLOS’ OTA test solution and Anritsu’s 5G Radio Communication Test Station MT8000A and is designed for seamless integration with existing EMC chambers. As autonomous driving and the demand for…
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Peel Ports, Suardiaz launch Green Automotive manufacturing Hub in Merseyside
Peel Ports and Suardiaz have launched a Green Automotive manufacturing Hub that is expected to significantly reduce supply chain emissions in England’s North West. The £10 million ($12.5 million) facility was officially opened in a ribbon cutting ceremony on 14 November as it welcomed a Suardiaz vessel from Vigo Port in Spain, to which it…
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Presidential centers host program to encourage bi-partisan solutions to problems
NORTH TEXAS (CBSNewsTexas.com) – In a world when there seems to be such partisan political debates, there’s one program aimed to help find solutions to problems in a bi-partisan way. The Presidential Leadership Scholars program is run by the President George W. Bush, Bill Clinton, George H.W. Bush and Lyndon B. Johnson presidential centers. This…
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Valeo to supply electric powertrain to Mahindra
Share this article <!– –> Valeo has been chosen by Mahindra & Mahindra (M&M), to provide the electric powertrain for a new range of electric vehicles. Valeo will supply powertrain to M&M’s “Born Electric” passenger vehicle platform as well as an on board charger combo for electric utility vehicles. Valeo says the total order is…
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Aurrigo International to Raise GBP3.5 Million Via Share Placement
Aurrigo International plc is an international provider of transport technology solutions. It designs, engineers, manufactures and supplies autonomous vehicles and original equipment manufacturer products to the automotive and transport industries, particularly focusing on aviation. Its divisions include Automotive Technology, Autonomous Technology, and Aviation Technology. The Automotive Technology division develops a range of components and systems…
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China self driving firm iMotion aims to launch $100 mln Hong Kong IPO this month
Companies iMotion Automotive Technology (Suzhou) Co., Ltd Follow SYDNEY, Nov 15 (Reuters) – Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two sources with direct knowledge of the matter. The firm was…
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Innovative Technology Reshapes Automotive Hardware Landscape: Automotive Hardware Market to Exhibit a CAGR of 4.3% through 2033 | Future Market Insights, Inc.
NEWARK, Del, Nov. 14, 2023 (GLOBE NEWSWIRE) — The global automotive hardware market size is US$ 81,277.80 million in 2023. The automotive hardware sales are predicted to accelerate at a 4.3% CAGR from 2023 to 2033. The market size of automotive hardware is expected to be worth US$ 1,23,826.91 million by 2033. Automotive Hardware Market…
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Lear Declares Quarterly Cash Dividend
SOUTHFIELD, Mich., Nov. 14, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company’s common stock. The dividend is payable on December 26, 2023, to shareholders of record at the…