Qualcomm pays $1.4B for Nuvia, a server chip designer founded by ex-Apple execs
But Qualcomm won t just use Nuvia s high-performance and battery efficient technology for data centers. It plans to bring the innovations to its mobile, computer and auto processors. Listen - 06:39
Nuvia has been trying to change data centers by designing high-performance chips that are more power efficient like mobile processors. Getty Images
Qualcomm is betting big on a company designing powerful but power-efficient chips for data centers $1.4 billion big. The company on Wednesday said it has reached a deal to acquire Nuvia, a two-year-old startup run by former Apple chip executives.
P&SB recapitalisation: Centre issues Rs 5,500 cr worth of zero-coupon bonds The Centre, in a first move of its kind, has issued Rs 5,500 crore in zero-coupon bonds for recapitalising Punjab and Sind Bank (P&SB) and allowed it to park the paper in its held-to-maturity (HTM) category at face value rather than the discounted market rate. Zero-coupon bonds do not bear any interest and are traded at a discount to the face value.
DHFL bidder selection: Oaktree Capital asks lenders for fair treatment Oaktree Capital, which is in the race to acquire home finance company DHFL, has sought a fair and competitive process in the selection of the winning bid. Oaktree and Piramal Group are engaged in neck and neck competition to get control of the mortgage lender, for which the selection process has entered the final stage. Adani Group is also in the fray. The lenders are to begin voting this week to select the winner.
Google and its American internet peers are steadily amping up their investment in India, latching onto the only other country with a billion-plus population after getting shut out of China. From Amazon.com Inc to Facebook Inc, they’re hoping to get in on the ground floor of what they envision as a smartphone and online commerce boom that could eventually create a market to rival the world’s No 2 economy.
The online search leader has struck an alliance with Mukesh Ambani’s Reliance Industries Ltd to invest $4.5 billion and cooperate on technology initiatives including the development of affordable mobile phones. But they’re also teaming with smaller outfits to target more local audiences.
Dec 23 2020, 6:29 PM
December 22 2020, 12:46 PM
December 23 2020, 6:29 PM
(Bloomberg) Google investments helped create Indiaâs two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the worldâs fastest-growing smartphone population.
(Bloomberg) Google investments helped create Indiaâs two youngest technology unicorns: a pair of startups that feed personalized news and entertainment to the worldâs fastest-growing smartphone population.
Glance, which feeds news and sports scores to phone-lock screens, is said to have reached a valuation of more than $1 billion after completing a funding round led by Google. And VerSe Innovation Pvt, the studio behind the popular Dailyhunt news site and TikTok-like Josh app, said it passed that threshold after winning more than $100 million from Alphabet Inc.âs search giant and Microsoft Corp.
Google, Thiel Funding Helps Harvard Alum Score a Second Unicorn
Bloomberg 12/22/2020 Saritha Rai
(Bloomberg) Glance, a mobile content platform from the founder of India’s earliest unicorn, has reached a valuation of over $1 billion after completing a funding round that was led by Google, according to people with knowledge of the matter.
The Alphabet Inc. unit and billionaire Peter Thiel’s Mithril Capital invested $145 million in the 18-month-old startup, whose app uses artificial intelligence to curate a personalized feed of entertainment, news, sports scores and video game content and push it to phone lock screens, according to a statement. Mithril had earlier invested $45 million into Glance, taking the total funds raised by the startup to $190 million.