Intel Buys Networking Assets from QLogic
Intel has purchased the InfiniBand networking assets from QLogic for $125 million. "This acquisition is designed to enhance Intel's networking portfolio and provide scalable high-performance computing fabric technology," the company said in a statement. Along with the networking technology business unit, Intel will also acquire a "significant" number of InfiniBand employees. The company expects the acquisition to close by the end of the quarter. Intel is hoping to become a major component supplier to smartphones and tablets.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Apr 19, 2016
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
ZTE Vows to Fight Ban, Says Denial Order Will 'Severely Impact' the Survival of the Company
Apr 20, 2018
ZTE today said the ban issued by the Commerce Department is unfair and overly severe in what mark its first public comments since the ban was announced. "The Denial Order will not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of U.S.
Nokia to Acquire Withings for Health and Fitness Push
Apr 26, 2016
Nokia today said it plans to acquire Withings for about $192 million in cash. Nokia hopes the acquisition will help it make a stronger push into the markets for wearables and the internet of things.
Sony to Buy Toshiba's Camera Sensor Business
Dec 4, 2015
Sony has agreed to acquire Toshiba's camera sensor business for $155 million. Under the terms of the deal, Sony and its subsidiary, Sony Semiconductor Corporation, will acquire a fabrication facility, equipment, 1,100 employees, and other assets associated with Toshiba's 300mm wafer production facility in Oita, Japan.