Business News

New Electronics brings you up-to-date Business News, covering the full spectrum of acquisitions, business deals and expansions happening in the electronics industry.

Imagination announces ‘formal sales process’

Imagination Technologies says that, following approaches from a number of interested parties, it has put itself up for sale. According to the company, it is in preliminary discussions with potential bidders.

While the company has been experiencing financial difficulties for a couple of years, the announcement by Apple earlier in 2017 that it would stop using PowerVR graphics technology in its phones and tablets saw Imagination’s share price drop by 70% in a day. ...

Imagination announces MIPS collaboration agreement with Sequans

Imagination Technologies is to extend its agreement with Sequans Communications for MIPS processor IP. Sequans has chosen the MIPS CPU for a number of its LTE chip platforms which are used to power a variety of products such as tablets, mobile routers and CPEs. The agreement enables Sequans to develop future StreamrichLTE solutions based on MIPS.

NXP invests in the future automotive

NXP has announced that it is to collaborate with Elektrobit (EB) on a new platform for highly automated driving, and extends its partnership with HARMAN to speed up time-to-market for connected car solutions.

Sub threshold processor developer gets more cash

Sub threshold processor developer Minima has completed the second stage of its seed funding round. According to the Finnish company, Lifeline Ventures is the latest investor, joining earlier investments from VTT Ventures, CFT Nordic Capital, Aalto University and a group of angel investors. The latest investment takes the amount of cash raised to €5.5million in less than a year.

EU collaboration to boost the IoT

A collaboration of 13 partners has been announced to form the Necomada consortium, which will focus on integrating electronics into a broader range of everyday items in a bid to widen the scope of the IoT and enable Industry 4.0.

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