(Reuters) - Chipmaker Marvell Technology Group Ltd (MRVL.O) said on Monday it would buy smaller rival Cavium Inc (CAVM.O) in a deal valued at about $6 billion as it seeks to expand its networking equipment business. Marvell Semiconductor President and CEO Matt Murphy. REUTERS/Courtes y Marvell Under...
TOKYO/HONG KONG (Reuters) - Toshiba Corp’s planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. FILE PH...
SAN FRANCISCO (Reuters) - A bipartisan Harvard University project aimed at protecting elections from hacking and propaganda will release its first set of recommendations today on how U.S. elections can be defended from hacking attacks. FILE PHOTO: An unidentified voter casts his ballot at a local po...
TOKYO (Reuters) - Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate. FILE PHOTO: The logo of Toshiba Corp is seen as wi...
(Reuters) - Chipmaker Marvell Technology Group Ltd (MRVL.O) has agreed to acquire smaller peer Cavium Inc (CAVM.O) for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with the matter said on Sunday. The deal will allow Marvell to diversify away from its t...
TOKYO (Reuters) - Shares of Toshiba Corp fell nearly 5 percent early on Monday, a day after the troubled conglomerate said it would raise 600 billion yen ($5.4 billion) from a sale of new shares in a key step that would allow it to stay publicly traded. FILE PHOTO: The logo of Toshiba Corp is seen a...
NEW YORK (Reuters) - International Business Machines Corp (IBM.N) could be the next blue-chip company with a rising valuation, according to a report in financial publication Barron‘s. The logo for IBM is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19,...
LONDON (Reuters) - British finance minister Philip Hammond’s budget statement this week will include measures to encourage the development of driverless and electric cars, artificial intelligence and telecommunications, the finance ministry said on Sunday. Britain's Finance Secretary Philip Ha...
BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter sa...
BEIJING (Reuters) - China Citic Bank Corp (601998.SS) and search engine giant Baidu Inc (BIDU.O) launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector. FILE PHOTO: A man stands in front of CITIC bank's branch in Beijing, Chi...
(Reuters) - Verizon Communications Inc, no. 1 U.S. wireless carrier, is close to a new deal with the National Football League for digital streaming rights, Bloomberg reported, citing people familiar with the matter. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, ...
BRASILIA (Reuters) - The head of Brazil’s lower house of Congress said on Friday he hopes that the chamber will undo amendments by the Senate to a bill regulating ride-hailing apps such as Uber Technologies Inc [UBER.UL]. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/T...
WOLFSBURG/HAMBURG (Reuters) - Volkswagen (VOWG_p.DE) approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. The world’s largest carmaker by unit sales will spend the money on electric cars, autonomous driving and ne...
(Reuters) - Tesla Inc shares rose on Friday as analysts questioned how soon Chief Executive Elon Musk will have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan. The Tesla Roads...
(Reuters) - Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday. Phil Schiller, senior vice president of worldwide marketing announces the new Apple HomePod during the annual Worldwide Developer Conference (WWDC) in San Jose, Cali...
(Reuters) - Tesla Inc will face further questions about how fast it is burning through its cash pile and how soon it will have to ask creditors and shareholders for more after it unveiled its latest electric vehicles. The Tesla Roadster 2. Tesla/via REUTERS Investors prodded Tesla’s shares 2 p...
TOKYO (Reuters) - Toshiba Corp (6502.T) will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said. FILE PHOTO: A lo...
(Reuters) - Broadcom Ltd said on Friday it closed its acquisition of network gear maker Brocade Communications Systems Inc, giving it a larger share of the data center products market. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California, U.S., November 6, 2017. RE...
(Reuters) - Broadcom Ltd said on Friday it completed its $5.5 billion acquisition of network gear maker Brocade Communications Systems Inc. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake Broadcom, which made a $103 ...
WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, the group said on Friday. A Volkswagen Golf GTE is being charged during a workshop prior to Auto Guangzhou in G...
