Xiaomi Corp readies launch of own computer chip
In a significant development, Xiaomi Corp announced on Friday that it will unveil a new self-developed computer chip on March 29 on its official Weibo social media account.
IT solutions provider Synnex Corp merges with Tech Data in $7.2 billion deal
In a statement Synnex Corp, an IT solutions firm said, it will merge with Tech Data in a deal worth about $7.2 billion, including debt. The combined company will create one of the world’s biggest IT distribution companies. With the news reaching the market Synnex’s shares surged by 6.5%. The merger comes less than…
Discord valued at $10 billion plus, as it explores selling itself
According to a report from VentureBeat, Discord Inc is exploring a sale that could value it at more than $10 billion. San Francisco-based Discord is in final negotiations with one party, said the report. The company does not comment on rumors or speculation, said Discord. The coronavirus-induced pandemic has boosted prospects of gaming companies with…
Deliveroo’s Proposed $12 Billion IPO To Be Biggest London Debut In A Decade
The food delivery company Deliveroo set its market value range of $12 billion which could see the company making the biggest stock market debut in the United Kingdom since the public listing of commodities giant Glencore almost a decade ago. This Initial Public Offerings (IPO) is of significant importance for the British government and it…
Foxconn’s shares surge midst collaboration talks with Vietnamese conglomerate Vingroup
On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
SpaceX, NASA sign enhanced data sharing agreement on spacecrafts and space debris
In a statement NASA said, it had signed an agreement with SpaceX aimed at avoiding collisions between their respective satellites. The agreement will enhance data sharing between NASA and SpaceX’s Starlink, a space internet venture, to ensure both parties are fully aware of the exact location of spacecraft and debris in orbit. “With commercial companies…
Will invest $7 billion in US data centers, offices: Google Inc
Alphabet Inc’s Google is set to invest $7 billion in data centers and offices across the U.S. in 2021, down from $10 billion last year; the move will create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The move will see the tech giant expand its data centers in…
Facebook developing wristband that supports AR glasses
In a statement Facebook Inc said, it is developing a wristband that would be able to control its augmented reality (AR) glasses that are scheduled to be launched later this year. Those wearing the band would be able to interact with the virtual world when they move their finger, said the company in a blog…
Nokia expects to grow faster than telecom market in 2023
On Thursday, Finnish telecom equipment giant Nokia said, it sees its comparable operating margin growing to 10-13% in 2023. Nokia made the statement ahead of presentations to investors later in the day that it expected to grow faster than the market in 2023.
Nokia revamps revenue structure, to cut 10k jobs, boost research spending
In a statement Finnish telecoms giant Nokia said it plans on trimming up to 10,000 jobs within the next two years. The cost cutting move is aimed at boosting its research capabilities. In a statement Nokia said, it expects to incur around 600 million euros to 700 million euros in restructuring and associated charges by…
