Maria Deutscher
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TSMC, GlobalFoundries reportedly complete CHIPS Act funding negotiations
Taiwan Semiconductor Manufacturing Co. and GlobalFoundries Inc. have hammered out the terms of their CHIPS Act funding agreements, Bloomberg reported today. The companies inked preliminary versions of the contacts earlier this year. The initial terms allocated more than $13 billion worth of grants and loans to the two chipmakers. According to today’s report, the finalized ...
Siit raises $5M for its AI-powered service desk platform
Paris-based startup Siit SAS launched today with $5 million in funding to grow the adoption of its namesake service desk platform. StageOne Ventures and Seventure Partners led the investment. According to Siit’s website, the cash infusion comes about three years after it raised a preseed round of undisclosed size. The company marked today’s funding milestone ...
EU launches antitrust probe into Apple glass supplier Corning
The European Union is launching an antitrust probe into Corning Inc., the Apple Inc. supplier that makes the glass in iPhone displays. The European Commission, the EU’s executive arm, announced the move today. It detailed that the probe focuses on a set of exclusive supply agreements Corning has inked with handset makers and glass processing ...
Lyft inks new partnerships to make autonomous taxis available through its app
Lyft Inc. today announced three new partnerships designed to make autonomous taxis available to users of its ride-hailing app. The first deal is with Intel Corp.’s Mobileye unit. Under the agreement, Lyft will enable its users to take trips in Mobileye-powered autonomous vehicles. The company is also partnering with May Mobility Inc. and Nexar Ltd., two ...
CrowdStrike acquires cloud security provider Adaptive Shield
CrowdStrike Holdings Inc. today announced plans to acquire Adaptive Shield Ltd., a startup that helps companies protect the data they keep in cloud applications. The deal’s financial terms were not disclosed. CTech reported that the transaction is worth $300 million, more than six times the amount that Adaptive Shield has raised from investors. The company ...
Canada arrests suspected hacker over breach of 160+ Snowflake users’ data
Canadian authorities have arrested a person suspected to be behind a large-scale hacking campaign that targeted Snowflake Inc. users. TechCrunch reported today that Alexander Moucka was apprehended last Wednesday. He appeared in court shortly thereafter and his case was subsequently adjourned to today. The arrest followed a request from U.S. authorities. According to cybersecurity journalist ...
GlobalFoundries shares jump on strong mobile business growth
Shares of GlobalFoundries Inc. jumped more than 14% today after the company disclosed that its mobile chip business grew much faster than expected in the third quarter. The unit’s strong performance partly offset declines across the company’s other revenue segments. GlobalFoundries, a former Advanced Micro Devices Inc. subsidiary, manufactures chips for other companies based on ...
DigitalOcean shares drop 13% despite expectation-topping earnings, raised guidance
DigitalOcean Holdings Inc. today posted better-than-expected financial results for the third quarter and raised its full-year sales guidance. The solid earnings weren’t enough to impress investors, who sent the cloud provider’s shares tumbling more than 13%. It’s unclear what caused the selloff, though its fourth-quarter outlook fell a bit short of some estimates. Wall Street ...
Amazon, Meta nuclear power initiatives reportedly encounter challenges
Two Amazon.com Inc. and Meta Platforms Inc. initiatives to build data centers powered by nuclear energy are off to a bumpy start. Axios reported today that Amazon’s project recently failed to secure a key regulatory approval. Meta’s planned data center campus, in turn, is said to have raised environmental concerns. Earlier this year, Amazon inked ...
View Systems launches AI-optimized data management platform
View Systems Inc. today announced the general availability of its flagship offering, a data management platform called View AI that is optimized to power artificial intelligence workloads. The venture-backed startup also disclosed that it has joined the AI Platform Alliance. This is an industry group that was formed last year by Ampere Computing Inc., a ...