Intel Corporation and Tower Semiconductor, a leading foundry for analog semiconductor solutions, announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing … [More]
Tech Co. Raises $2M in Seed Round to Redefine Quality Certification Management in Global Supply Chains
SaaS startup Aramid Technologies announced it has raised $2M in seed funding to expand its flagship product, SmartCert. SmartCert is a supplier collaboration platform that streamlines the processes by which companies prepare, manage and share quality certifications that underpin trillions of dollars in global commerce. Phoenix angel, Paul Winandy, led the … [More]
Statewide Broadband Expansion Strategy Set, Broadband Providers Can Get to Work
The Arizona Commerce Authority, in partnership with the Arizona Department of Transportation (ADOT), announced today the Arizona Statewide Broadband Middle-Mile Strategic Plan, which supports current broadband expansion efforts on Interstate 17 and Interstate 19. The Strategic Plan has led to the creation of the Statewide Middle-Mile Network, which aims to increase broadband … [More]
Tucson to Phoenix Is First to Move Freight on Fully-Automated Trucking Route
TuSimple, a global autonomous driving technology company, announced that Union Pacific Railroad, the largest Class I railroad in the U.S., will become the first customer to move freight on TuSimple's fully-automated trucking route between the Tucson and Phoenix, Arizona metro areas. Union Pacific is leveraging Loup Logistics (Loup), a wholly-owned subsidiary, to coordinate the … [More]
Winning at Dodgeball: Honeywell Smart Drone Radar Avoids Collisions Automatically in High-Stakes Test
A drone piloted by the Honeywell IntuVue RDR-84K radar system has triumphed in a high-stakes game of dodgeball, repeatedly swerving around intruder aircraft in a series of tests that are key to the future of pilotless aviation. Recently conducted in the Phoenix area, the tests showed that the radar can not only detect airborne traffic but can also decide … [More]
Climate Fintech for the Agricultural Economy
In the face of a constantly changing climate, creating long-term business resilience has evolved from nice-to-have to a necessity. From uncertainty and increasing competitive pressures to the need to mitigate today’s climate and regulatory risks, a myriad of challenges have created an opportunity to digitize the agriculture finance sector. Agricultural data and risk … [More]
