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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...

Tesla Collaborates with Tata Electronics for Semiconductor Chip Sourcing

15Apr By AdityaNo Comments

Automobile

Tesla Collaborates with Tata Electronics for Semiconductor Chip Sourcing

New Delhi, 15th April 2024: In a recent report by The Economic Times, it has been disclosed that Tesla has entered into a strategic partnership with Tata Electronics to secure semiconductor chips for its global operations. This deal, which was finalized a few months ago, highlights Tata Electronics as a reliable supplier for leading global clients looking to strengthen their semiconductor value chain in India. Although specific details regarding the agreement's value and other terms remain confidential, this collaboration underscores Tesla's ambitions to expand its presence in India, which is currently the world's fastest-growing major automotive market. Elon Musk, the visionary entrepreneur behind Tesla, is set to visit India soon for discussions with Prime Minister Narendra Modi. Duri...

Galaxy Semiconductor Acquires Quantix Business from Siemens

29Jun By AdityaNo Comments

ACQUISITION

Galaxy Semiconductor Acquires Quantix Business from Siemens

MENLO PARK, Calif., June 29, 2020 -- Galaxy Semiconductor acquire substantially all of the assets of the Quantix Business from Mentor Graphics Corporation, a Siemens-owned business. The acquisition will allow Galaxy to re-establish itself as the premier independent provider of test data management and analysis solutions for the semiconductor industry. The transaction is expected to close in a few weeks. The terms of the deal are not being disclosed. "We chose to continue with the Galaxy name because of the many years of history and the strong reputation that it enjoys in the semiconductor industry," said Philippe Lejeune, Board Chairman and CTO of the newly formed company. "I'm looking forward to leading this great team to design and build amazing new products that address diffic...

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...

Startup Running By an Indian Secretly Bought By Intel at $300 Million (2000 Crore)

18Sep By PriyankaNo Comments

ACQUISITION

Startup Running By an Indian Secretly Bought By Intel at $300 Million (2000 Crore)

Chip design maker Intel Corp. has secretly acquired silicon valley semiconductor startup called Soft Machines Inc about $300 million (cash-cum-stock deal ) to maintain its leadership position. The news was first reported by technology website The Register. The team of Soft Machines have become part of Intel from Thursday. This new deal is on the heals of Intel shedding as part of a spinout their security unit into a new company that will be owned in-part by private equity firm TPG. Intel will retain a 49 percent ownership stake of the entity with TPG taking the majority stake. In exchange, Intel will be receiving $3.1 billion in cash. Soft Machines is a semiconductor company co-developing VISC architecture-based processor and SoC products for all major performance computing platforms a...