financetom
Business
financetom
/
Business
/
Dutch chipmaker NXP and South Korea's bitsensing in radar deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dutch chipmaker NXP and South Korea's bitsensing in radar deal
Dec 16, 2024 5:43 AM

AMSTERDAM, Dec 16 (Reuters) - South Korean startup

bitsensing has entered a partnership with Dutch computer chip

manufacturer NXP to sell radar systems used in cars,

the Asian company's CEO told Reuters on Monday.

The deal will focus on combining NXP's radar chips with

bitsensing's radar hardware and software, CEO Jae-Eun Lee said

in an email without disclosing financial terms.

The radar technology of bitsensing has better range than

that of its competitors and the ability to operate in horizontal

and vertical planes, the company says.

Lee said that radar, frequently used in safety applications,

generally has an edge over lidar and cameras in poor weather.

The company has raised $52 million since it was founded in 2018.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boyd Gaming Insider Sold Shares Worth $1,060,801, According to a Recent SEC Filing
Boyd Gaming Insider Sold Shares Worth $1,060,801, According to a Recent SEC Filing
Aug 13, 2025
01:32 PM EDT, 08/13/2025 (MT Newswires) -- William R Boyd, Director, on August 11, 2025, sold 13,000 shares in Boyd Gaming ( BYD ) for $1,060,801. Following the Form 4 filing with the SEC, Boyd has control over a total of 1,737,187 common shares of the company, with 15,188 shares held directly and 1,721,999 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/906553/000106299325014278/xslF345X05/form4.xml Price:...
--Bank of Montreal Exploring Sale of Transportation Finance Unit for $1 Billion, Bloomberg Reports
--Bank of Montreal Exploring Sale of Transportation Finance Unit for $1 Billion, Bloomberg Reports
Aug 13, 2025
01:33 PM EDT, 08/13/2025 (MT Newswires) -- Price: 114.31, Change: +1.06, Percent Change: +0.94 ...
Brazil unveils aid package for exporters hit by US tariffs
Brazil unveils aid package for exporters hit by US tariffs
Aug 13, 2025
BRASILIA (Reuters) -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep U.S. tariffs, centered on credit lines for exporters and government purchases of products that face greater hurdles in finding alternative markets. U.S. President Donald Trump hiked duties on several goods from Brazil to 50% from 10% earlier this month. Although some sectors were exempted...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved