Max Rhodes was walking around that weird little parklet in Hayes Valley in San Francisco after taking a break from a five-year stint at Square to figure out what he wanted to do next — and he kept seeing Square registers everywhere. It was spotting them over and over again in smaller retail shops dotted throughout the city that made him think about the connections between the average… Read More Mobile – TechCrunch
Qualcomm today announced that it has reached an agreement with NXP Semiconductors NV to raise its bid to $ 127.50 per share from $ 110 and has lowered minimum tender threshold to 70% of outstanding shares instead of the 80% it required under the earlier terms. Qualcomm said that it has reached a binding agreement with nine NXP Stockholders who currently collectively own more than 28% of outstanding shares which excludes additional economic interests through derivatives. The latest offer values NXP at $ 44 billion. The revised price reflects NXP’s recent performance which includes the 2017 results which exceeded Qualcomm’s transaction model on revenue, gross margin and EBIT and GAAP operating income also increased 20% from calendar 2016 to 2017. The NXP auto business has increased revenues by 11% YoY on the other hand, Qualcomm has also significantly improved its own capabilities in key industry segments such as Auto, IoT, and Networking. NXP’s shares were up 6.5% at $ 126.15 in premarket trading. The acquisition will help Qualcomm in the fast-growing auto-mobiles chipset market. NXP has time till March 5th, 2018 and Qualcomm intend to fund the additional consideration with cash on hand and new debt. Qualcomm’s acquisition of NXP has received antitrust clearance from eight of the nine required government regulatory bodies around the world … Fone Arena
French startup Adikteev raised a $ 12 million funding round led by Ring Capital and BNP Paribas Développement, with existing investors ISAI, Ventech and Laurent Asscher also participating. It’s also worth noting that it represents Ring Capital’s first investment after raising its initial $ 170 million fund. Adikteev is an adtech startup that previously acquired Motion Lead, a… Read More Mobile – TechCrunch
In early January, Senator John Thune (R-S.D.), chairman of the Commerce, Science, and Transportation Committee, called upon Apple to answer for the lack of transparency it showed surrounding its slow-down practices for aging iPhones. Today, Thune’s office released Apple’s response: a five-page letter in which Apple reiterates the slow-down saga. While the letter contains little new information, Apple does touch upon how it may handle customers who already paid full price for battery replacements. The company also hinted at how newer iPhone models will deal with aging battery issues, but Apple did so in a way that doesn’t instill confidence that it will, in fact, be more transparent with its practices in the future.
In the letter dated February 2, 2018, Apple explains how the lithium-ion batteries found in its iPhones age over time and become less able to handle high workloads. To avoid unexpected shutdowns caused by these aging batteries, Apple issued a software update that we now know included a feature that deliberately slowed down the performance of older iPhones to prevent such shutdowns.
Apple addressed transparency only by noting that its updated iOS 10.2.1 ReadMe notes included mention of the power management feature and that it issued a statement to press outlets about seeing “positive results” from the software update.
Hoopo, an Isreal-based geolocation startup announced $ 1.5 million seed funding led by a group of investors including Israeli angel investor Zohar Gilon and Ben Marcus CEO AirMap, and Mobileye, an Israeli technology company that develops vision-based advanced driver-assistance systems (ADAS).
The startup also announced the official launch of the company, with the goal of creating precision geolocation solutions for low-power wide area networks (LPWA). It will exhibit the solution at the Mobile World Congress in Barcelona, Spain. Hoopo, founded in 2016 will use the funding to grow the business and improve precision for the low-power Internet of Things (IoT) tracking. Hoopo’s geolocation based solution tracks assets in large areas without having to recharge batteries and provide a platform for management and real-time notifications. The customers can receive on-demand geolocation, establish geofences and receive movement alerts of their assets.
As smart city and industrial IoT use cases gain a wide acceptance, the need to have LPWA (low power wide area) connectivity has increased. Hoopo’s solution serves the need for its asset tracking device. “Hoopo is addressing a real business need of companies around the world: cost-effective, yet precise, tracking of their valuable assets with the longevity of battery life up to 10 years in the field,” said Ittay Hayut, CEO of Hoopo.
The patent-pending solution of Hoopo consists of low-cost LPWA gateways and devices, and a cloud-based platform for management of devices and real-time notifications. Interestingly, one of the use cases Hoopo lists on its website is “free-gazing cattle”, a solution which provides geolocation technologies for smart-agriculture.
Orolia, another IoT startup utilizing the LPWA technology to monitor fishing boats makes distress sensors, hence providing fishing boats a much needed search and rescue distress device.