Mike Wheatley
Latest from Mike Wheatley
Micron to cut 10% of its staff as it braces for 50% revenue drop
Shares of Micron Technology Inc. fell in extended trading today after the company warned that its revenue is likely to decline by more than 50% in the coming quarter and announced it will lay off 10% of its staff. The chipmaker said it expects sales in the second half of the year to be boosted once ...
Huawei has finally depleted its stockpile of advanced chips for smartphones
Chinese smartphone giant Huawei Technologies Co. Ltd. is believed to have finally used up its stockpile of homegrown advanced chips as a result of U.S. sanctions enacted against the company during Donald Trump’s administration. Hong Kong-based analyst firm Counterpoint Research told the South China Morning Post that it believes Huawei has finally depleted its inventory ...
Amazon Web Services lands 5-year U.S. Navy cloud computing contract worth over $700M
Just weeks after landing a share of a multibillion-dollar cloud computing contract for the U.S. Department of Defense, Amazon Web Services Inc. has struck another major deal with the U.S. Navy. Under the five-year contract, AWS provide a range of cloud services to the Navy, according to a notice posted on the DOD’s website Monday. ...
AI-powered recruitment platform Perfect raises $13M in seed funding
Human resources technology startup Talent Fabric Ltd., which does business as Perfect, announced today that it has closed on a $13 million seed funding round as it looks to take on established platforms such as LinkedIn Corp. in talent recruitment. Today’s round was led by Target Global and saw participation from Joule Venture and RTP ...
Workday hires Sequoia Capital’s Carl Eschenbach as its new co-CEO, replacing Chano Fernandez
Workday Inc. sprung a surprise today when it announced that co-Chief Executive Officer Chano Fernandez will step down from the role immediately and leave the company, to be replaced by Sequoia Capital’s Carl Eschenbach. Eschenbach, who is a former executive of VMware Inc. and a current member of Workday’s board of directors, will serve as ...
SwXtch.io integrates with Timebeat to deliver precise clock synchronization across multicloud networks
IEX Group Inc. subsidiary swXtch.io, a provider of cloud-native network infrastructure, said today it has completed its integration with Timebeat.app Ltd.’s Precision Time Protocol to enable extremely accurate “clock synchronization” across multicloud network deployments. SwXtch.io is the creator of cloudSwXtch, a virtual overlay networking system that enables enterprises to build a high-performance network atop of ...
AI-powered pharmaceutical drug testing startup Quris Technologies raises $9M in funding
Israeli pharmaceutical artificial intelligence startup Quris Technologies Ltd. said today it has secured an additional $9 million in seed funding, bringing its total amount raised to $37 million. The latest investment was led by SoftBank Vision Fund 2, and included participation from existing investors such as GlenRock Capital, iAngels, Welltech Ventures and Richter Group. Quris ...
Google adds client-side encryption for some Gmail users
Google LLC said last week that it has added beta support for client-side encryption in Gmail for some of its Google Workspace customers. CSE in Gmail has been added for customers who subscribe to the Google Workspace Enterprise Plus, Education Plus and Education Standard plans, which means users of lower-priced tiers and personal Google accounts ...
Intel delays construction of $18B German chip fab as it angles for more government funding
Intel Corp. is reportedly going to delay construction of a planned new semiconductor fabrication plant in Magdeburg, Germany, that it was set to break ground on early next year. The chipmaker is said to be seeking additional government subsidies to help fund construction amid reports of increased costs. Intel had originally planned to start construction of ...
CyberCube raises $50M to grow its insurance industry-focused risk analytics platform
Cyber risk analytics startup CyberCube Analytics Inc. said today it has raised $50 million in additional growth capital, bringing its total amount raised to more than $100 million to date. The round was led by investment funds managed by Morgan Stanley Tactical Value, and saw participation from existing investors including Forgepoint Capital, Hudson Structured Capital ...
