US logistics firm Airspace expands in Asia, partners with Qualcomm
/cloudfront-us-east-2.images.arcpublishing.com/reuters/QB6OU6A5AFNU5EZWSL2EKMPTCA.jpg)
Airspace Technologies, a U.S. logistics startup, is expanding operations in Asia and partnering with Qualcomm and other semiconductor firms. The company uses sensors and cloud-based software to track time-sensitive cargo like human organs. The global air cargo industry is facing challenges due to limited capacity, impacting the chip industry. Qualcomm's subsidiary is utilizing Airspace's services for real-time tracking of shipments.
Source: Link
FAQ: US Logistics Firm Airspace Expands in Asia, Partners with Qualcomm
FAQ: US Logistics Firm Airspace Expands in Asia, Partners with Qualcomm
1. What is Airspace Technologies?
Airspace Technologies is a U.S.-based logistics startup that focuses on shipping time-sensitive cargo.
2. What is the recent development with Airspace Technologies?
Recently, Airspace Technologies announced that it is expanding its operations in Asia.
3. Who is Airspace Technologies partnering with for the Asia expansion?
For its expansion in Asia, Airspace Technologies has formed a partnership with Qualcomm, a major player in the semiconductor industry.
4. When was Airspace Technologies founded?
Airspace Technologies was founded in the year 2016.
5. How much funding has Airspace Technologies raised?
Though the specific amount in regard to the Asia expansion isn't mentioned, Airspace Technologies previously raised $70 million in new funding, as reported on May 25, 2022.
6. What is Qualcomm’s role in Airspace’s expansion?
While the role is not explicitly detailed in the provided content, as a partner in Airspace Technologies' expansion, Qualcomm is likely to work in collaboration with Airspace, potentially involving logistics solutions in the semiconductor sector.
7. What kind of cargo does Airspace specialize in?
Airspace specializes in transporting time-sensitive cargo, which requires swift and reliable logistic services.
8. Are there any other semiconductor firms involved with Airspace's expansion?
According to the provided content, Airspace is working with Qualcomm and other semiconductor firms, though the others are not specifically named.
9. What does Airspace's expansion into Asia signify for the company?
The expansion into Asia represents a strategic move to increase the company's global presence and cater to a growing market for time-critical logistics services, potentially benefiting from the booming tech industries in the region.
For more detailed information, please refer to the articles: