Sebastian Herrera: Tech Capital

Open Source

Downturn in smartphone business takes bite out of Austin’s Cirrus Logic  

A downturn in the smartphone market is taking its toll on Austin-based chipmaker Cirrus Logic. Cirrus Logic on Wednesday reported financial results for both its fiscal fourth quarter and full fiscal year that fell short of Wall Street expectations...

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RideAustin battles to survive in space dominated by Uber, Lyft 

RideAustin will need people like David Goss if it’s going to survive. Every weekend, Goss, a 42-year-old sales engineer at Dell Technologies, opens his RideAustin smartphone app to hail a ride to the bars and restaurants that line Rainey Street Historic...

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Open Source

Monday Tech Crawl: T-Mobile to buy Sprint for $26 billion, and electric scooters pulled from Austin  

Will a T-Mobile and Sprint merger finally happen? The two companies have agreed to a $26 billion deal that would reshape the U.S. wireless market, but the agreement faces regulatory hurdles. This is because, if successful, the merger would leave the...

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Open Source

UT to lead drone project for U.S. Department of Defense 

The Cockrell School of Engineering at the University of Texas said Thursday it will be leading a $7.5 million U.S. Department of Defense project to create artificial intelligence technology for military drones. UT researchers will try to develop AI...

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Open Source

Strong processor sales help AMD’s revenue surge in first quarter

After an upbeat 2017, Advanced Micro Devices also is off to a strong start in 2018. The chipmaker on Wednesday reported revenue of $1.65 billion for its first quarter, a 40 percent jump from the same quarter a year ago. The company’s quarterly profit...

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Open Source

Austin’s Silicon Labs continues pivot to Internet of Things, posts record quarterly revenues

Silicon Labs continues to transform itself from a company once known by its broadcast and Internet access devices to one known for its growing Internet of Things offerings. The Austin-based chipmaker on Wednesday reported record revenue of $205.38...

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Once disruptors, ride-hailing firms now ‘major player’ at Austin airport 

Sometime in 2014, a scattering of vehicles started showing up at Austin-Bergstrom International Airport, darting in to pick up airline passengers who had hailed them via smartphone apps. The vehicles, often unmarked and blending in with others, were...

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Open Source

Monday Tech Crawl: Amazon working on home robots, and the man behind electric scooters in downtown Austin 

Amazon has a secret robot project According to Bloomberg News, the online retail giant is working toward bringing robots into people’s homes. The project, nicknamed “Vesta,” after the Roman goddess of the hearth, home and family, is being run by Amazon’s...

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Open Source

Dell-controlled Pivotal Software completes IPO, sets price at $15 per share 

California-based cloud computing company Pivotal Software, whose majority owner is Dell Technologies, completed its initial public offering of stock on Friday, starting trading at $15 per share.  The IPO is expected to raise $555 million. Pivotal...

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Open Source

Poll: Support for Amazon’s second headquarters low in Austin 

When it comes to Austin landing Amazon’s second headquarters project, many residents here don’t appear to be very interested.  A new survey by Elon University found that of the 19 U.S. locations still in contention for the $5 billion project, Austin-area...

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