Chipmaker Arm, owned by Japanese tech giant SoftBank, is making plans for layoffs after SoftBank’s $40 billion deal to sell Arm to Nvidia collapsed in February. The company is preparing to cut 12% to 15% of its staff in the US and UK, Bloomberg reported on Monday. The layoffs were announced to staff via a memo from Arm CEO …
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Nvidia is getting ready to abandon its acquisition of chipmaker Arm after struggling to get regulatory approval, Bloomberg reported Tuesday. The company apparently told partners it doesn’t expect the $40 billion deal to close. A final decision has yet to be made, and the companies are still negotiating with regulators, the outlet noted. Japanese tech giant SoftBank agreed to sell Arm to …
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The UK government on Monday raised its objections to Nvidia’s takeover of chip designer Arm, in part due to national security concerns. UK Digital Secretary Oliver Dowden said that the country’s competition watchdog, the CMA, would look into the proposed sale of Arm, which has its headquarters in the British city of Cambridge, to explore the any national security implications …
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Chinese tech giant ByteDance may be ready to give up its control of TikTok after all, with reports in recent days saying the social networking app’s sale may be finalized soon. A deal for TikTok’s US, New Zealand and Australian operations is expected to be announced sometime in the near future, according to reports in CNBC, The Wall Street Journal …
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Nvidia is in advanced talks to acquire chipmaker Arm from SoftBank, according to Bloomberg, which cited anonymous sources. The companies apparently aim to reach a deal in the coming weeks, and the graphics card maker is the only suitor at the moment. Earlier this month, The Wall Street Journal reported that Japanese conglomerate SoftBank was looking to sell the UK-based …
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Japanese conglomerate SoftBank is exploring the possibility of a full or partial sale or IPO of chip designer Arm Holdings, the Wall Street Journal reported Monday. SoftBank purchased the UK-based Arm four years ago for nearly $32 billion. ARM isn’t as well-known as mega chip companies such as Qualcomm and Intel, but its work lies behind the processors inside many …
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T-Mobile’s CEO John Legere isn’t going to take a job as WeWork CEO, according to sources familiar with the matter. The head of the wireless carrier said he has no plans to leave T-Mobile, the sources told CNBC. Legere was reportedly a potential candidate for WeWork’s top slot. Turning down the position would reportedly keep Legere from potential conflicts of interest. …
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T-Mobile CEO John Legere is in talks to become CEO of WeWork, the struggling office-sharing startup, according to a report from The Wall Street Journal. The company has been looking for a new chief executive since WeWork co-founder Adam Neumann stepped down as CEO last month. WeWork, which provides shared workspaces for tech startups, for the moment is being led …
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T-Mobile and Sprint executives are headed back to Washington, DC, next month to defend their planned $26 billion merger, as Democrats in the House of Representatives scrutinize the deal. T-Mobile CEO John Legere and Sprint Executive Chairman Marcelo Claure have agreed to testify on Feb. 13 in a joint hearing before the House Energy and Commerce Committee and the House …
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The hollow ball rattled back and forth across the table between me and the robot. Sometimes I outplayed the robot. More often, the robot outsmarted me. That was at CES, a show that keeps you moving, but my heart never raced faster than when I was squaring off against Forpheus. Forpheus, made by a company called Omron, used a combination …
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