Softbank’s ARM Holdings cedes control of its business to a consortium of Chinese investors
China is making concerted efforts to bridge the strategic gap, vis-a-vis the U.S, that it currently lacks, in manufacturing semiconductors.
Tesla ‘quite likely’ to meet production deadline for Model 3: Elon Musk
Despite facing manufacturing hell, Elon Musk, Tesla’s CEO, stated he is confident that the company will be able to meet and surmount challenges in the production of the Model 3 and that the company will be profitable in either the third or the fourth quarter of this year. In a significant development that will have…
Sharp Corp to pay $36.47 for a 80.1% stake in Toshiba’s personal computer business
The move marks a return to a segment that Sharp left nearly 8 years ago. It also underscores Sharp Corp’s improved health under Foxconn’s management. On Tuesday, Sharp Corp disclosed it will acquire Toshiba Corp’s personal computer business for $36 million. The announcement underscores its recovery under Foxconn and marks its return to a business…
Singapore’s Grab launches innovation arm for tech startups
Grab Ventures will be the vehicle through which Singapore-based Grab will expand beyond ride hailing services into areas including financials, food services and logistics. On Tuesday, Singapore-based Grab, launched launched its innovation arm, Grab Ventures in order to support and develop technology start-ups in sectors including food services, transport, financial services, logistics. The development assumes…
Bain Capital to support Toshiba Memory’s M&A
Toshiba Memory, the world’s second biggest NAND chip producers, will need to a host of technologies under its belt before it can produce next generation memory chips. On Monday, Bain Capital, which led a consortium of companies in the $18 billion acquisition of Toshiba’s NAND memory business, stated it will support “the business in pursuing…
Toshiba achieves milestone: completes sale of NAND business to Bain Capital led consortium
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
With Reserve Google can potentially stand out from the crowd
With Reserve Google is capitalizing on consumer’s preference for convenience: by integrating voice calls, with search engine results and using this data to complete actions on behalf of the user could potentially catapult Google into the next generation services company. In a significant development that marks Google transitioning its search engine capabilities to the next…
Uber-Waymo in self-driving collaboration talks
The development marks a signs of thaw in what has been earlier a strained relationship. With Dara Khosrowshahi at its helm, Uber’s rough edges are getting more polish. In a development that marks the possibility of thaw in what was earlier a strained relationship, Uber’s CEO Dara Khosrowshahi stated, Uber Technologies Inc is in talks…
SenseTime Group valued at $4.5 billion in latest funding round
The development underscores the fact that the Chinese facial recognition company is gaining strategic bulk. SenseTime Group, a Chinese facial recognition technology company, disclosed that it raised $620 million in its latest funding round which saw its valuation touch $4.5 billion. The funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger…
Alphabet’s Google launches ‘Files Go’ app in China
Google is ramping up its efforts to gain more strategic size in China, the world’s biggest smartphone market. On Thursday, in a strategic step aimed at increasing its footprint in China, Alphabet Inc’s Google Inc launched a file management tool in several Chinese app stores. The Chinese market, the biggest smartphone market in the world,…
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