Silicon Valley News Update
Week Ending July 14, 2017
|This week again we saw some interesting developments across the Automotive ecosystem and beyond. Below are some key highlights:
The headlines from the Silicon Valley this week feature Nvidia’s momentum, Toyota’s strategic investment and Uber‘s legal problems. Nvidia keeps making the headlines in the Silicon Valley news media. They have slowly but surely become one of the top automotive suppliers for self-driving cars as seen with its recent announced deals with major OEMs. In our view, they will influence the burgeoning self-driving car industry in the next few years and will become one of the industry major new players. Toyota just launched a $100 million venture capital unit; Toyota AI Ventures will concentrate its investments in local Silicon Valley startups specializing in AI, self-driving vehicles, robotics, and data analytics. Waymo’s lawsuit against Uber is heating up; the self-driving car unit must disclose due diligence documents to attorneys representing Uber about its partnership with Lyft. The data could be significant in Waymo’s battle accusing Uber of stealing confidential information.
For years, Volvo has been at the forefront of introducing its lines of safety vehicles. With its recent technology investments and partnerships, the Swedish company is becoming one of the most tech-centric brands and they are significantly expanding their R&D presence in the Silicon Valley. Autotech Ventures, a new Silicon Valley venture capital firm, had just raised $120 million from automotive companies and financial investors. The fund will focus on transportation services and digital vehicle technology. General Motors may be the first one capable of mass production of autonomous vehicles. Tesla is facing direct threats from the sudden emergence of competition and unexpected manufacturing problems. Baidu has announced its first vehicle-manufacturing partner for its self-driving software, Chery Automobile. Baidu was one of the first of the new generation of Chinese companies to set up a base in the Silicon Valley when they opened an office in 2011.
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Harvest Management Partners LLC is a Silicon Valley based investment bank, specializing in company financial assessment, advisory services, plan of action development, strategic marketing, and worldwide negotiation of mergers and acquisitions. Since 2010, Harvest Management Partners has assisted over 40 technology clients within the software, semiconductor, security, IP and automotive electronics sectors. They are also the exclusive Silicon Valley advisors for Fiat Chrysler Automotive (NYSE: FCAU) and TE Connectivity (NYSE: TEL). With a combined history of 60+ years of direct operational experience and relationships with venture capitalists and C-Level executives worldwide, Harvest Management Partners is well positioned to provide a comprehensive set of unique services for their clients. For more information, visit www.harvestmp.com