Tata Electronics has announced the appointment of Dr Randhir Thakur, a former Intel executive and leading figure in the semiconductor industry, as CEO and MD. Till recently, Dr Thakur was heading Intel Foundry Services as its president and has worked with Intel
Broadcom lowers Qualcomm offer to $79/share after NXP news
– Broadcom (NASDAQ:AVGO) lowers its offer for Qualcomm (NASDAQ:QCOM) to $79/share from $82/share. – Amount includes $57 in cash and $22 in Broadcom shares. – Adjustment follows Qualcomm’s raised bid to acquire NXP Semiconductors (NASDAQ:NXPI). – If Qualcomm doesn’t complete
Intel planning $5B Israel expansion
– Intel (NASDAQ:INTC) plans a $5B production expansion at its Kiryat Gat plant in Israel over the next three years, according to Israeli Economy Minister Eli Cohen. – The U.S. semiconductor firm has said it planned to upgrade the facility
AMD May Have Hit On An Powerful Solution For Crypto Crazed World
– AMD seems to be actively promoting its high ASP high margin Threadripper CPU for crypto mining. – The economics of this solution appear attractive for gamers and high-end desktop users who can make some money on the side by
Qualcomm still doesn’t like Broadcom’s offer, open to more talks
– Qualcomm (NASDAQ:QCOM) releases a letter the company sent to Broadcom (NASDAQ:AVGO) following Wednesday’s meeting. – Qualcomm’s board says that Broadcom’s “best and final” offer of $82 per share “materially undervalues Qualcomm and has an unacceptably high level of risk,