“NavInfo plans to wholly acquire AutoChips, Inc. (hereinafter “AutoChips”), a Chinese subsidiary of MediaTek, for a purchase price of US$600 million. Completion of the above is scheduled for 4Q16, subject to various relevant regulatory approvals. Concurrently, MediaTek plans to invest in or co-invest with NavInfo, an amount of no more than US$100 million, to cooperate strategically in the fields of Automotive ICs and the Internet of Vehicles (hereinafter “IoV”) “
See MediaTek Announces Strategic Cooperation with NavInfo in Expanding Automotive IC and Internet of Vehicles Markets – MediaTekFor years we’ve read that MediaTek has struggled to make money in smartphones. Well, they are diversifying into automotive Internet, navigation and entertainment. They are cooperating with Navinfo who have been into navigation for years and have a foothold with several Asian and European automakers. I’ll bet there is a bigger profit-margin in an automobile than a smartphone. I see that every time I take my car in for service.
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My MissionMy observations and opinions about IT are based on 40 years of use in science and technology and lately, in education. I like IT that is fast, cost-effective and reliable. I do not care whether my solution is the same as yours. I like to think for myself.
My first use of GNU/Linux in 2001 was so remarkably better than what I had been using, I feel it is important work to share GNU/Linux with the world. I have been blessed by working in schools where students and school systems have benefited by good, modular software easily installed in most systems.
I have shown GNU/Linux to thousands of students and hundreds of teachers over the years and will continue in some way doing that until I die in spite of the opposition.