Mike Wheatley
Latest from Mike Wheatley
Space robotics firm Maxar sells Canadian subsidiary MCA for $765M
Space technology company Maxar Technologies Inc. said today that it’s selling MacDonald, Dettwiler and Associates Corp., a Canadian subsidiary that’s focused on space robotics, for $1 billion CAD, or about $765 million US. Reuters said a consortium of companies led by the private investment firm Northern Private Capital will acquire MDA, which is best known ...
Tesla employees take delivery of first ‘made in China’ cars
Electric car maker Tesla Inc. has delivered the first 15 cars made at its Chinese Gigafactory less than a year after it first broke ground on what is its first manufacturing facility located outside the U.S. Reuters said in a report Sunday that the Model 3 vehicles were delivered to 15 Tesla employees at a ...
India says Huawei can participate in its 5G network trials
India’s government has given its approval for Chinese telecommunications firm Huawei Technologies Co. Ltd. to participate in a test run of its next-generation 5G network. The upcoming 5G trials will take place in January, unnamed officials told Reuters today. Officials from India’s telecoms department are due to meet wireless operators on Dec. 31 in order to ...
Huawei slams report that China’s government subsidized its global rise
Huawei Technologies Co. Ltd. has gone on the defensive again, lashing out at a report this week that claims it received billions of dollars in financial aid from the Chinese government to secure its position as one of the world’s leading telecommunications firms. The Wall Street Journal said Wednesday that Huawei managed to establish itself ...
Huawei says its replacement for Google services will soon launch in India
China’s top smartphone maker, Huawei Technologies Co. Ltd., is hoping to throw off the shackles of the Android operating system with the launch of its own version of Google Mobile Services. The replacement set of services, called Huawei Mobile Services, would allow the company’s smartphones to run their own versions of Google’s suite of services, ...
Sony struggles to keep up with demand for its image sensors
Sony Corp. is reportedly struggling to keep up with demand for its camera phone image sensors, even as it ramps up its manufacturing operations to full capacity. Terushi Shimizu, head of Sony’s semiconductor business unit, told Bloomberg Tuesday that the company is running its factories at full capacity throughout the holiday period to try to keep ...
Nvidia’s proposed $6.9B acquisition of Mellanox gains EU approval
Computer chipmaker Nvidia Corp.’s planned $6.9 billion acquisition of Israeli networking company Mellanox Technologies Ltd. has been granted unconditional approval by the European Union. The EU’s approval clears a major hurdle and went through without Nvidia having to make any concessions, according to a Dec. 19 regulatory filing with the U.S. Securities and Exchange Commission by ...
Tesla secures $1.4B in funding from Chinese banks
Electric car maker Tesla Inc. is reportedly borrowing 10 billion yuan ($1.4 billion) from a group of Chinese banks in order to fund the ongoing construction of its new vehicle manufacturing plant in Shanghai. The loan, which will be paid back over five years, is being funded by the China Construction Bank, the Agricultural Bank ...
Dell considers buying up the rest of Secureworks
Dell Technologies Inc. is said to be considering buying up the remaining shares of the cybersecurity services company Secureworks Inc., according to a Bloomberg report today. The report, which cites “people familiar with knowledge of the matter,” said Dell is interested in buying the 13.8% of Secureworks’ shares it doesn’t currently own in order to consolidate the ...
Italian minister says Huawei should not be banned from 5G rollout
China’s Huawei Technologies Co. Ltd. has been given a boost after Italy’s new minister of economic development, Stefano Patuanelli, said it should be allowed to participate in the rollout of new 5G networking services in the country. The minister’s comments came just days after an Italian parliamentary committee said that Chinese companies should be banned ...