Self-driving Cars Sector

Self-driving Car Testing

Uber Technologies Inc. received a green light from Pennsylvania officials this week to resume its self-driving car testing on public roads. Nine months ago, the program was suspended, following an accident which killed a pedestrian in Tempe, Arizona. An Uber spokeswoman said on Tuesday it had not restarted the self-driving car testing. According to The Information, Pennsylvania’s Department of Transportation (PennDOT) approved Uber’s request –made last month – to begin

Renesas

Japan’s Renesas Electronics Corp has, in a latest statement, said that the company has agreed upon a deal to buy Integrated Device Technology Inc. for $6.7 bn. This marks the second notable acquisition for Renesas as the company looks to dive deeper into the field of semiconductors for driver-free or self-driving vehicles. As for the U.S. chip company, the deal highlights the intense level of competition among international chipmakers as