Maria Deutscher
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Report: Instacart lowers internal valuation to $10B
Grocery delivery provider Instacart has reportedly lowered its internal valuation to $10 billion, which represents a significant decrease from the $39 billion the startup was worth last year. The Information reported the development on Tuesday, citing two people familiar with the matter. San Francisco-based Instacart, officially Maplebear Inc., provides a popular grocery delivery app of ...
Intel and VLSI agree to end $4B+ patent lawsuit
Intel Corp. and VLSI Technology LLC have agreed to end a multibillion-dollar lawsuit focused on chip patents. The development was reported by Reuters on Tuesday. The companies disclosed their decision to drop the case in a filing submitted to the U.S. District Court for the District of Delaware. Before ending the suit, VLSI sought more than ...
Amazon reportedly developing new sports streaming app
Amazon.com Inc. is developing a standalone app that will enable users to watch sports content from its growing streaming catalog, The Information reported today. The sports content offered by the company is currently available through its Amazon Prime Video service. It’s unclear when the new standalone app will roll out. Additionally, The Information cited a ...
Report: DOJ launches criminal investigation into FTX hack
The U.S. Department of Justice has launched a criminal probe into the November hacking of FTX Trading Ltd., Bloomberg reported today. The probe is reportedly separate from the criminal charges brought against FTX founder Sam Bankman-Fried. Following the cryptocurrency exchange’s collapse last month, the Justice Department filed an eight-count indictment against Bankman-Fried. Two other senior ...
Report: Apple planning upgraded iPad Mini with new chip
Apple Inc. may launch a new version of its entry-level iPad Mini tablet next year or in the first half of 2024, according to a new report. MacRumors today cited influential industry analyst Ming-Chi Kuo as saying that the next-generation iPad Mini will include a new processor. The current version of the tablet, which was ...
Kyocera to build new chip component plants as part of $9.78B investment plan
Japan’s Kyocera Corp. will invest 1.3 trillion yen, or $9.78 billion, through March 2026 to build new chip component plants and expand its capabilities in other areas. Nikkei Asia reported the plan today. The $9.78 billion that Kyocera intends to spend over the next three years includes capital expenditures such as plant construction, as well ...
Ireland launches probe into Twitter over November data leak
Ireland’s Data Protection Commission on Friday launched a probe into Twitter Inc. over a cybersecurity breach that affected 5.4 million of the company’s users. At the start of the year, Twitter was notified of a vulnerability in one of its application programming interfaces. The vulnerability enabled hackers to learn the phone numbers and email addresses ...
FTC orders Mastercard to change debit card practices
The U.S. Federal Trade Commission on Friday ordered Mastercard Inc. to change how it processes transactions that consumers make using debit cards. In particular, the order focuses on debit cards connected to digital wallet apps such as Apple Pay and Google Pay. The FTC determined that Mastercard’s business practices in the digital wallet market violate the ...
Despite reports, HPE says it’s not holding acquisition talks with Nutanix
Hewlett Packard Enterprise Co. on Friday stated that it’s not holding acquisition talks with Nutanix Inc., two months after reports first emerged about a potential buyout. An HPE spokesperson told CRN in a statement that “there are no discussions with Nutanix.” The development was first reported on Thursday by Dealreporter. Shares of Nutanix declined nearly 8% ...
Report: TSMC holding advanced talks to build chip plant in Germany
Taiwan Semiconductor Manufacturing Co. Ltd. is reportedly holding advanced talks with suppliers to build a chip plant in Dresden, Germany. The Financial Times reported the development today, citing sources familiar with the matter. The sources stated that the chip plant, or fab, would produce processors using 22-nanometer and 28-nanometer manufacturing technologies. TSMC is the world’s ...