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Chinese tech giant Xiaomi has reportedly invested heavily in a core communications chipmaker for automobiles called Motorcomm. Xiaomi invested in Motorcomm through the Hubei Xiaomi Yangtze River Industrial Fund. Currently, the size of the investment and other terms of the deal were not disclosed, reports GizmoChina. Motorcomm’s business scope includes technology development, industrial automation, automobiles, consulting, and other technical services as well. Xiaomi is actively investing in various companies and technologies related to the automotive industry. Recently, Xiaomi bought 100 per cent of the shares of Deepmotion, a startup specializing in the development of autonomous driving technologies. The deal cost the Chinese company $ 77.4 million. Deepmotion develops driver assistance software. In addition, Huawei, which is focusing on expanding its portfolio to boost business resilience, will invest $1 billion in smart car technologies in 2021. The new investment that the company is making this year will focus on building components for smart vehicles, including software platforms for self-driving cars.

September 2, 2021
Source: weeklyvoice.com weeklyvoice.com
News Snapshot:
In a bid to woo users with its impressive picture and sound quality, Sony — one of the established TV brands in the country — keeps launching new smart TVs from time to time with new technologies. And, the company’s recently launched TV — BRAVIA 55X90J — is powered by a Cognitive Processor XR, which is said to think like a human brain. Priced at Rs 1,39,990, the new TV is available in 140 cm (55-inch) size across all Sony Centers, major electronic stores and e-commerce portals in India. The TV updates Sony’s premium LED Triluminos TV for 2021. With...
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