Mike Wheatley
Latest from Mike Wheatley
AMD says acquisition of Xilinx will now close in first quarter of 2022
Advanced Micro Devices Inc. said today its proposed $35 billion all-stock deal to acquire its industry peer Xilinx Inc. is now expected to close in the first quarter of 2022, having missed its target of the end of this year. “We continue making good progress on the required regulatory approvals to close our transaction,” the ...
Google halts buggy Pixel 6 and Pro 6 phone software updates
Google LLC said today it’s putting the brakes on a December software update for its new Pixel 6 and Pixel 6 Pro phones amid widespread reports of dropped calls. The update for the Pixel phones added quite a few new features specifically for those models, as well as a more general security patch for Android. ...
Elon Musk’s SpaceX gets $337.4M in new equity funding
SpaceX Corp. disclosed in a regulatory filing today that it has raised $337.4 million in equity financing. The company, whose backers include Fidelity Investments and Google LLC parent firm Alphabet Inc., saw its value reach $100 billion in October following a secondary share sale. Prior to that, it raised about $1.16 billion in April through ...
China launches five-year plan to become a hub of global robotics innovation
China announced a five-year roadmap to achieve its goal of becoming a global robotics innovation hub by the year 2025. In the plan announced today, it said it aims to do this by focusing on enhancements in key areas such as control panels and servomotors. China’s Ministry of Industry and Information Technology revealed operating income from ...
China’s largest AI firm SenseTime raises $700M in Hong Kong IPO
Chinese largest artificial intelligence firm SenseTime Group Inc. today it has raised about $700 million from its initial public offering on the Hong Kong Stock Exchange. SenseTime sold 1.5 billion of its shares priced at HK$3.85 (49 cents), which was at the low end of its price range. The raise means the company now has an ...
Appeals court backs FCC in its bid to open up 6 GHz spectrum to unlicensed users
The Federal Communications Commission won a key legal victory today as the U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of its decision to designate a large portion of the 6-gigahertz spectrum to unlicensed users. In early 2020 the FCC voted to free up to 1,200 megahertz of spectrum in ...
Waymo to add Geely’s electric Zeekr vans to its U.S. ride-hailing fleet
Alphabet Inc.’s autonomous driving unit Waymo revealed today it’s working with the Chinese automaker Geely Holding Group to integrate that company’s purpose-built electric robotaxi minivans into its U.S. fleet. Waymo plans to install its autonomous driving systems, known as Waymo Driver, into Geely’s new Zeekr vehicles and eventually roll them out in U.S. markets. Zeekr ...
Report: Apple paid some of its top engineers $180K bonuses not to defect
Faced with a growing number of its software engineers defecting to its Silicon Valley rivals, Apple Inc. is said to be offering big bonuses of up to $180,000 in stock to ensure key workers will remain at the company. Bloomberg reported today that “select engineers” at Apple were told they would be receiving the bonuses ...
OneWeb launches 36 satellites into space as it aims to take on Elon Musk’s Starlink
British satellite constellation firm OneWeb Ltd. successfully blasted 36 more communications satellites into orbit from the Baikonur cosmodrome in Kazakhstan today. The company has been launching satellites into space on a regular basis this year in order to create a high-speed internet service that can be accessed from anywhere in the northern hemisphere. Its service, ...
Activist investor Starboard Value targets GoDaddy after buying 6.5% stake
The well-known activist investor firm Starboard Value LP is targeting the web services provider GoDaddy Inc. for a shakeup after acquiring a 6.5% stake in the company. That’s according to a regulatory filing with the U.S. Securities and Exchange Commission that was first spotted by the Wall Street Journal today, which revealed Starboard had paid ...