On July 20, Quanergy Systems announced its 3D LiDAR solution has been selected to support the development of an Information, Communication, and Technology (ICT) system in Busan, South Korea. The ICT system is a key component of the South Korean government’s strategy to build data driven IoT smart cities. Busan is one of the pilot cities for the initiative.
On July 21, the chip giant Intel announced its second-quarter financial report. The report shows that Intel’s revenue in the second quarter was USD 19.631 billion, and its net profit was USD 5.061 billion, a decrease of 0.9 percent compared to the same period last year.
On July 7, the University of Texas at Austin announced that it has teamed up with major wireless companies to set up a new 6G research center, the 6G@UT. Founding affiliates Samsung, AT&T, NVIDIA, Qualcomm and InterDigital will each fund at least two projects for three years at the center.
On June 16, General Motors Co. announced it will increase its electric vehicles (EV) and autonomous vehicles (AV) investments from 2020 through 2025 to USD 35 billion, representing a 75 percent increase from its initial commitment announced prior to the pandemic
On April 19, Google Cloud and Siemens announced new cooperation to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions.