Qualcomm, the biggest smartphone chipmaker, fell victim to the U.S.-China trade war after it failed to gain approval from Chinese regulators in its $44 billion deal to acquire NXP Semiconductors. On Monday, U.S. chip maker Qualcomm Inc stated, it considers the prospects of acquiring NXP Semiconductors as closed. “While we were grateful to learn of…
The development comes midst efforts by China to merge two of the nation’s top wireless carriers to speed up the development of 5G mobile services. 5G will play a strategic and significant role in the coming years. On Wednesday, Finland’s mobile telecom network maker Nokia stated, it has signed a $2.3 billion (2 billion euros)…
While in July Dell had stated it would come back with an IPO, acquiring VMWare’s tracking stock is a competing priority. In a significant development, Dell Technologies Inc has confirmed that it has met with a few investment banks to explore an initial public offering (IPO); this plan will kick in only if its plan…
A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…
Singapore’s antitrust regulator, the Competition and Consumer Commission of Singapore (CCCS) has threatened Uber Technologies and Grab that it could potentially unwind their deal unless its proposed remedies, or any further remedies, have sufficiently been able to address competition concerns and are practically implementable. On Thursday, in a blow to the Grab-Uber deal, Singapore’s antitrust…
The deal will enable Enel to expand its fibre optic operations to market overseas. On Monday, Europe’s biggest utility Enel stated, it has agreed to acquire a 21% stake in Ufinet International, a Latin American fiber company, for $175 million (150 million euros). The deal includes an option to buy the remaining shares from owner…
Uber Technologies’ deal to sell its Southeast Asian operations to rival Grab, announced earlier this week on Monday, is drawing flak from Singapore’s Competition Commission since it allegedly violates the country’s competition rules. On Friday, Singapore’s antitrust regulators said, it had grounds to believe that ride-services firm Uber Technologies Inc’s efforts to sell its Southeast…
All of JLR’s vehicles, after 2020, will sport BlackBerry’s infotainment software from its QNX unit. On Thursday, Tata Motors Ltd and BlackBerry Ltd stated they have reached a licensing agreement whereby Tata Motors can use BlackBerry’s software in its next-generation electric vehicles. BlackBerry will provide its security and infotainment software to Tata Motors’ JLR unit…
California-based Lumentum Holdings Inc is the parts supplier to Apple Face ID technology. Lumentum Holdings Inc, a laser and optical fiber specialist which analysts see as a supplier of parts supplier to Apple for it’s Face ID technology, is to acquire optical components producer Oclaro Inc for around $1.7 billion in a cash and stock…
The power purchase deal is in line with Microsoft’s goal of powering at least 50% of its electrical load requirements of its global data center in 2018. On Thursday, Microsoft Corp stated it will buy solar power from the Singapore-based Sunseap Group. The deal marks the tech giant’s first such renewable energy deal in Asia.…
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