Silicon Valley graphics chipmaker Nvidia, announced a new, more powerful computing platform for use in autonomous vehicles. The company claims its new system, code named Pegasus, can be used to power Level 5, fully driverless cars without steering wheels, pedals, or mirrors. Deutsche Post DHL Group, the world’s largest mail and logistics company, and ZF [ZFF.UL], a top automotive parts supplier, plan to deploy a fleet of autonomous delivery trucks based on the new chips, starting in 2019, NVIDIA said for Reuters. The third generation of NVIDIA’s Drive PX automotive line is a multi-chip platform the size of car license plates with datacenter-class processing power.
In an unfortunate turn of events, Broadcom has decided to completely shutter their entire baseband modem business less than a year after acquiring Rensas’ own mobile modem business which had been under threat of also shutting down after originally being acquired from Nokia. This announcement came as part of the company’s earnings release yesterday, where they reported a $1 million loss on $2 billion in revenue (essentially break-even) compared to the previous quarter where they had made $165 million. But even so, Broadcom has announced that with the shuttering of this division they will be laying off approximately 2,500 people which are currently part of this
Early last week, Broadcom announced that they would be looking to offload their cellular modem division or simply shutter operations. This announcement came as a surprise to many because the company had only recently acquired Rensas Mobile’s modem division (acquired from Nokia). This was done after Renesas Mobile was talking about shutting down the division entirely due to being unable to compete with the likes of Qualcomm and Infineon. Broadcom ‘saved’ Renesas Mobile’s modem division (mostly based in Finland) back in September of 2013, which completed in October of that same year with a final purchase price of $164 million. Now, Broadcom already had fairly significant wireless