Technology News

Lotus Technology had completed a fundraising that valued the business at nearly $4.5 billion.

Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago.

Over a dozen automakers have signed up with a platform for patent licences from 51 tech companies, aiming to simplify access to wireless technology and avoid costly legal battles.

Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.

Tesla's CEO Elon Musk is set to unveil its prototype humanoid robots at an event on Sept. 30, hoping to expand beyond self-driving cars that have not yet become reality despite his repeated promises.

Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.

Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.

Semiconductor stocks fell globally as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan fueled a fresh escalation in tensions between Washington and Beijing.