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Taiwan based tech company Qualcomm said it expects a $4.5 billion to $4.7 billion this quarter from its recent settlement with Apple in a royalty battle. Qualcomm factored the additional revenue into a forecast in its latest earnings release, saying the money would be a payment "from Apple and the release of our obligations to pay or refund Apple and the contract manufacturers certain customer-related liabilities."The Southern California-based company also factored in revenue expected for new royalties from Apple and the makers of its devices. Qualcomm reported revenue of $5 billion in the recently ended quarter, while its forecast for the current quarter was from $9.2 billion to $10.2 billion in revenue. In April, Apple and Qualcomm announced an agreement to "dismiss all litigat...

Tech-based company NVIDIA will acquire Mellanox for approx $6.9 billion beating other tech giants like Microsoft and Intel in the acquisition race. As per the report, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash. The deal will complete in the end of 2019. In the media report, Microsoft was interested in the acquisition of Mellanox. Then Intel came into the picture, looking to buy it for around $6 billion but in the end, NVIDIA emerged on the last day offer higher bid a $7 billion+ all-cash and seal the deal. The acquisition will unite two of the world’s leading companies in high performance computing (HPC). Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercom...

Tag: chip design

Qualcomm expects $4.5 to $4.7 bn revenue including a settlement with Apple

NVIDIA beats Intel and Microsoft, acquire Mellanox for $6.9 Billion