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U.S. chipmaker Qualcomm has told regulators around the world that it is against Nvidia’s $40 billion acquisition of British chip designer Arm, according to sources familiar with the matter.The company has told the Federal Trade Commission, the European Commission, the U.K.’s Competition and Markets Authority and China’s State Administration for Market Regulation that it has concerns about Nvidia buying Arm, which is currently owned by Japanese tech giant SoftBank.The FTC’s investigation has moved to a “second phase” and the U.S. regulator has asked SoftBank, Nvidia and Arm to provide it with m...
Release time: 2021 - 02 - 20
Samsung Electronics Co. is considering spending more than $10 billion building its most advanced logic chipmaking plant in the U.S., a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometers in the future, people familiar with the matter said. Plans are preliminary and subject to change but for now the aim is to kick off construction this year, insta...
Release time: 2021 - 02 - 05
Despite the pandemic (or maybe because of it) AT&T added more than 1 million AT&T Fiber subscribers for the second year in a row in 2020. During AT&T's fourth quarter and year-end earnings call, AT&T CEO John Stankey said the telco plans to build around two million fiber residential locations this year as the pace of its fiber builds accelerates. AT&T targeted one million homes passed last year.'That's kind of what we've got the team tasked to do, and it gives you some sense of what that (fiber) increase will be,' Stankey said. 'It's two million ...
Release time: 2021 - 01 - 30
Coherent stock is soaring on Tuesday after the laser maker agreed to be acquired by rival Lumentum Holdings for $5.7 billion in cash and stock. Coherent holders will receive $100 in cash and 1.1851 Lumentum shares for each Coherent share, about $214 in value.At closing, Coherent (ticker: COHR) holders will own about 27% of the combined company. Coherent notes that the deal comes at a 49% premium to its closing price on Jan. 15. Lumentum (LITE) plans to finance the cash position of the deal via cash on hand plus a new $2.1 billion debt financing. Two current Coherent directors with be added to ...
Release time: 2021 - 01 - 20
Network gear maker Cisco Systems Inc CSCO.O and Acacia Communications Inc ACIA.O said on Wednesday China was yet to approve their proposed acquisition deal, already cleared by the United States, Germany and Austria.The acquisition has been under regulatory review from the State Administration for Market Regulation of the People’s Republic of China (SAMR), the only remaining closing condition of the deal, the companies said.The $2.84 billion deal was expected to close during the second half of Cisco’s full-year 2020.Last July, Cisco said it would buy optical component maker Acacia in a bid to c...
Release time: 2021 - 01 - 07
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