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Nvidia Surpasses Entire European Stock Markets Value

26Jun By PriyankaNo Comments

News

Nvidia Surpasses Entire European Stock Markets Value

The surging shares of Nvidia Corp. have propelled the U.S. company to a staggering market value surpassing the combined stock markets of entire European countries, as reported by Deutsche Bank Research. Investor fervor for Nvidia's (NVDA) stock has catapulted the artificial-intelligence chip maker to the top spot among U.S. companies on Tuesday, with a market value exceeding $3.3 trillion. Jim Reid, global head of macro and thematic research at Deutsche Bank Research, highlighted that in less than a month, Nvidia's market cap surpassed the total of all listed stocks in Germany, the UK, and France. Reid noted that Nvidia's market capitalization surged from 2 trillion to 3 trillion in just 30 trading days starting from April 24, with an additional trillion dollars added since Ma...

Google, Amazon Looking To Acquire Toshiba’s Chip Unit

1Apr By AdityaNo Comments

News

Google, Amazon Looking To Acquire Toshiba’s Chip Unit

Google and Amazon joined a list of potential buyers eyeing Toshiba's lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said today. Toshiba has reportedly completed the first round of bidding for its prized memory chip business, seen as key for the cash-strapped company to turn itself around. Some 10 foreign companies and funds, including Google and Amazon, tendered bids, the mass-circulation Yomiuri Shimbun said, quoting unnamed sources. The two US tech giants are expected to use Toshiba's memory chips for their cloud services, the daily said. Taiwan's Hon Hai, which acquired Japanese electronics maker Sharp last year, has apparently bid more than 2 trillion yen (USD 18 billion), the daily said. Immediate confirmation...

None of Mobile Payment Apps in India Fully Secure: Qualcomm

14Dec By PriyankaNo Comments

News

None of Mobile Payment Apps in India Fully Secure: Qualcomm

While government is pushing for digital payments through mobile phones, chipset maker Qualcomm said that wallets and mobile banking applications in India are not using hardware level security which can make online transactions more secure. "You will be surprised because most of the banking or wallet apps around the world don't use hardware security. They actually run completely in Android mode and users password can be stolen. Users use fingerprint which might be captured... in India that is the case for most of all digital wallets and mobile banking apps," Qualcomm Senior Director Product Management SY Choudhury told Pixr8. He said that even most famous digital payment application in India is not using hardware level security. "Reason we are saying that none of them is using it bec...

Qualcomm Nears $37Bn Deal to Buy NXP Semiconductors: Source

23Oct By reutersNo Comments

ACQUISITION

Qualcomm Nears $37Bn Deal to Buy NXP Semiconductors: Source

Qualcomm is nearing a deal to acquire NXP Semiconductors for around $37 billion, a person familiar with the matter said on Friday, as the U.S. company seeks to expand the reach of its chips from phones to cars. The deal would make San Diego-based Qualcomm, which supplies Android smartphone makers and Apple, a bigger supplier to the automotive industry as it grapples with slowing smartphone sales and stiff competition from Chinese and Taiwanese rivals. The acquisition of NXP by Qualcomm for $110 per share in cash could be announced within days, although there is always a possibility of a last-minute glitch, the source said, asking not to be identified because the negotiations are confidential. NXP shares dropped 2.5% on the news to $101.90, while Qualcomm shares were up 2.2% to $68...

SoftBank to Buy UK Chip Designer ARM in $32 Billion Cash Deal

18Jul By reutersNo Comments

ACQUISITION

SoftBank to Buy UK Chip Designer ARM in $32 Billion Cash Deal

SoftBank Group Corp has agreed to buy UK chip designer ARM Holdings PLC in a 24.3 billion pound ($32.2 billion) deal, the two companies said on Monday, in an ambitious bet on mobile internet that will transform the Japanese tech group. ARM, the most valuable tech company listed in London by market value, is a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips. The Cambridge-based group also stands to be central to the tech industry's shift to the 'internet of things' - a network of devices, vehicles and building sensors that collect and exchange data - a focus for SoftBank founder Masayoshi Son. Monday's deal, Softbank's largest to date, marks a departure for the Japanese group, wh...