In a statement the CEO of global cryptocurrency exchange Binance said, its U.S. arm could potentially see an initial public offering in the next three years. “Binance.US is just going to do what Coinbase did,” said Zhao. He went on to add, Binance.US is set to close on a large private funding round in the…
Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…
On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…
On Monday, in a statement Japan’s SoftBank Group Corp said, Nvidia Corp has agreed to acquire its chip designer Arm for $40 billion in a deal that is potent enough to reshape the global semiconductor industry. The acquisition places a vital supplier of Apple Inc and others under the control of a single player. The…
U.S. trade action against Huawei having intended impact. China has termed the action taken by the United States against Huawei Technologies as “wrong actions” and has called for trade negotiations to continue. China’s comments underscores the effect of U.S. trade action which is cascading through Huawei’s global supply chains. Japan’s Panasonic Corp has joined a…
The loan is to refinance loans taken by Sprint and ARM for acquisitions. On Thursday, Japan’s SoftBank Group Corp said it has secured a $23.3 billion (2.65 trillion yen) loan agreement to re-finance the acquisition loans for British chip designer ARM and U.S. telecommunications Sprint Corp. The loans have a maturity date of Sept…
There is a strategic shift taking place in electronic components manufactured by tech companies. Computex Taipei, Taiwan’s top tech fair, is seeing a different energy this year. While traditionally the focus had mostly catered to electronic parts for smartphones, this year, chip manufacturers have latched onto burgeoning growth engines such as virtual reality, self-driving car…
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