Enterprise Exit

Deals/Contracts/Partnerships

EIIR Provider Solutions/Capabalities

• 1

  IBM plans to sunset the Watson IoT Platform service on IBM Cloud effective December 1st, 2023.

  Q4(Oct-Nov-Dec), 2022

• 2

  SAP Internet of Things (and all of its predecessor services) is being retired

  Q4(Oct-Nov-Dec), 2022

• 3

  A.P. Moller - Maersk and IBM to discontinue TradeLens, a blockchain-enabled global trade platform. It couldn't reach commercial viability.

  Q4(Oct-Nov-Dec), 2022

EIIR Buyer GIC/R&D Best Practices/Solutions

• 1

  Microsoft Disbands Industrial Metaverse Project

  Q1(Jan-Feb-Mar), 2023

• 2

  Meta winds down support for NFTs on Instagram and Facebook

  Q1(Jan-Feb-Mar), 2023

• 3

  Ericsson quits IoT. Ericsson has agreed to sell its loss making IoT business, including its IoT Accelerator connectivity management platform and Connected Vehicle Cloud platform, to Aeris. Ericsson's IoT business, expected to post net sales of $76.85 mi

  Q4(Oct-Nov-Dec), 2022

• 4

  Volt Bank, a digital bank in Australia to close due to its failure in securing additional funding.

  Q3(Jul-Aug-Sep), 2022

• 5

  Great Wall Motors? India Operations End: Last Few Employees Asked To Leave. GWM planned billion dollar pls investment in India including manufacturing plant and R&D Center.

  Q3(Jul-Aug-Sep), 2022

• 6

  Hyundai Reportedly Halts Development Of Hydrogen Tech. Technical issues, lack of marketability, and the underdeveloped charging infrastructure are to blame.

  Q4(Oct-Nov-Dec), 2021

• 7

  The Hyundai Motor Group has shutdown its engine development division at its Namyang R&D Center in South Korea and the entire team that worked on conventional powertrain systems will now develop electric vehicle (EV) drivetrains.

  Q4(Oct-Nov-Dec), 2021

• 8

  Customers don’t want more streaming services — they want help buying and navigating the services that already exist. That’s what T-Mobile realized after three years effort to create alternative to cable, Now T-Mobile US will shut down its TVision live-TV service and partner with YouTube TV.

  Q1(Jan-feb-Mar), 2021

Other News

• 1

  Google is shutting down Stadia.

  Q4(Oct-Nov-Dec), 2022

• 2

  Ford is disbanding Argo AI, an autonomous vehicle company that it co-owns with Volkswagen. They don?t see a path to profitability on fully autonomous vehicles. Ford took a $2.7 billion accounting charge to reduce the value of its investment in Pittsburgh-

  Q4(Oct-Nov-Dec), 2022

• 3

  Ford is disbanding Argo AI, an autonomous vehicle company that it co-owns with Volkswagen. They don?t see a path to profitability on fully autonomous vehicles. Ford took a $2.7 billion accounting charge to reduce the value of its investment in Pittsburgh-

  Q4(Oct-Nov-Dec), 2022

• 4

  GAC-FCA Joint Venture in China to File for Bankruptcy

  Q4(Oct-Nov-Dec), 2022

• 5

  Britishvolt abandons Canadian battery cell factory plans.

  Q4(Oct-Nov-Dec), 2022

• 6

  German city Wiesbaden to retire its one-year-old hydrogen fuel-cell buses after ?2.3m filling station breaks down. It will stick to electric battery buses over long term.

  Q4(Oct-Nov-Dec), 2022

• 7

  BMW Group and Mercedes-Benz Mobility intend to sell their car-sharing joint venture SHARE NOW to Stellantis

  Q2(Apr-May-Jun), 2022

• 8

  Local Motors, startup set out to disrupt autonomous shuttles with 3D printing micro factory based production system is shutting down.

  Q1(Jan-Feb-Mar), 2022

• 9

  Paytm to shut down its consumer app in Canada amid record-low share prices

  Q1(Jan-Feb-Mar), 2022

• 10

  Insolvency proceedings in Sigfox in France. One of the pioneers in IoT connectivity whose network runs in 75 countries is in this state and struggling to stay afloat and save jobs.

  Q1(Jan-Feb-Mar), 2022

• 11

  NVIDIA and SoftBank Group Announce Termination of NVIDIA’s Acquisition of Arm Limited

  Q1(Jan-Feb-Mar), 2022

• 12

  Amazon is closing all 68 of its Books, 4-Star, and Pop Up physical stores. The company is refocusing on grocery and fashion stores.

  Q1(Jan-Feb-Mar), 2022

• 13

  General Motors is shutting down its in-car shopping app, Marketplace, which allowed customers to buy coffee, pay for gas, or make restaurant reservations from the infotainment screen of their vehicles.

  Q1(Jan-Feb-Mar), 2022

• 14

  Meta freezes Novi digital wallet project in its Israel R&D Center.

  Q1(Jan-Feb-Mar), 2022

• 15

  Adient ends Yanfeng Adient Seating joint venture with partner Yanfeng Automotive Trim Systems. The completed transactions will enable Adient to drive its strategy in China independently.

  Q4(Oct-Nov-Dec), 2021

• 16

  Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 bn

  Q4(Oct-Nov-Dec), 2021

• 17

  Google is shutting down its Stadia game studios.

  Q1(Jan-feb-Mar), 2021

• 18

  Google parent Alphabet Inc. shut down Loon, an audacious project to beam internet service from high-altitude balloons, after the unit failed to develop a viable business model.

  Q1(Jan-feb-Mar), 2021

• 19

  Magnachip, spun off from South Korea’s SK hynix has been sold to a Chinese private equity fund for $1.4 billion. Magnachip designs and produces display driver ICs for organic light-emitting diode panels and some automotive chips, including power management ICs. The company raised $570 million in sales.

  Q1(Jan-feb-Mar), 2021

• 20

  Wärtsilä announces the divestment of 100% of the shares in its Entertainment business, Wärtsilä Funa GmbH, to Videlio SA, a French public limited company. Wärtsilä Entertainment is engaged in the field of design, fabrication, engineering and integration of entertainment systems, illumination, light control, cabin control, broadcast and digital audio distribution and announcement systems for cruise vessels and entertainment parks. These systems are used in the Marine and land-based markets.

  Q1(Jan-feb-Mar), 2021

Jobs