Mike Wheatley
Latest from Mike Wheatley
Marvell completes acquisition of semiconductor maker Cavium
U.S. semiconductor firm Marvell Technology Group Ltd. today said it has completed its $6 billion takeover of rival Cavium Inc. after receiving regulatory approval in China. The newly combined company packs a broad portfolio of intellectual property and patents that will “unlock significant opportunities” for growth as new kinds of compute workloads emerge, Cavium Chief Executive ...
Alibaba Cloud to host Siemens’ MindSphere IoT platform in China
German electrical engineering and electronics conglomerate Siemens AG is teaming up with China’s internet giant Alibaba Group Holding Ltd. in a deal that will see it use Alibaba’s public cloud computing platform to host its MindSphere operating system for the “internet of things.” The deal was announced in Berlin under the watchful eyes of German ...
China’s Xiaomi disappoints on its IPO as share price falls 3 percent
Chinese smartphone maker Xiaomi Inc. is enduring a difficult first day of trading following its initial public offering on the Hong Kong stock exchange, with its share price falling nearly 3 percent. Xiaomi’s debut marks a blow to investor sentiment in the tech sector, as a number of Chinese firms prepare their own debut listings, ...
Tencent plans to spin off its music business with U.S. initial public offering
Chinese Internet giant Tencent Holdings Ltd. is planning to spin off its online music streaming business with an initial public offering in the U.S. Bloomberg Sunday cited people familiar with the matter as saying that the move is designed to allow American investors to bet on the growing popularity of music streaming services in China. Last ...
Samsung’s profit declines after 7 straight quarters of growth
After posting seven straight quarters of earnings growth, Samsung Electronics Co. Ltd. said late Thursday that it’s expecting profits to decline in its fiscal second quarter. The company’s revenue was hit by slowing sales of its premium smartphones and reduced demand for its display panels. In its second-quarter earnings guidance, Samsung said it’s expecting an operating ...
Samsung to begin mass production of Arm’s Cortex-A76 chips
Computer chip designer Arm Holdings Ltd. is teaming up with Samsung Electronics Co. Ltd.’s foundry to begin manufacturing its potentially revolutionary new Cortex-A76 computer processing unit, which clocks in at speeds above 3 gigahertz. The companies said the Cortex-A76 will therefore be even more powerful than Qualcomm Technologies Inc.’s Cortex-A75, the Snapdragon 845, which is ...
IBM lands $740M contract to provide IT services to Australian government
IBM Corp.’s cloud computing ambitions just got a big boost with the news today that it signed up Australia’s federal government as its latest marquee customer. The five-year deal, said to be worth $740 million, ensures that Australian government agencies that don’t already work with IBM will now be able to buy its products and services ...
Airwallex gets an $80M boost to ease cross-border payments
Australian financial technology company Airwallex Pty Ltd. said Tuesday that it has closed on a massive $80 million funding round led by its backers Tencent Holdings Ltd. and Sequoia China. The Melbourne-based firm’s Series B funding round is believed to be the second-largest-ever financing deal for an Australian startup. Other participants in the round include China’s ...
Baidu ups its bet on AI with new chips, a developer platform and self-driving buses
China has made no secret of its desire to lead the world in artificial intelligence, and early Wednesday in Beijing one of its top technology companies took another step toward helping it reach that goal. Baidu Inc., China’s leading search engine provider, said at its Create 2018 developer conference it was updating its Baidu Brain platform ...
Micron stock falls after Chinese court bans sale of its memory chips
U.S. flash memory chip maker Micron Technology Inc. saw its share price take a pummeling today on the news that a Chinese court has temporarily banned it from doing business in that country. Micron’s Taiwan-based rival United Microelectronic Corp. said in a statement that the Fuzhou Intermediate People’s Court of the People’s Republic of China ...