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US chip giant Nvidia to recruit 600 engineers in Israel to boost AI prowess
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The Station: Uber s new battles in the UK, Lucid Motors second life plans and Cruise acquires Voyage – TechCrunch
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‘Most Feared Man in Corporate America’ Jeff Smith’s Top 10 Stock Picks
Jeffrey Chad Smith is an American activist investor and hedge fund manager who founded Starboard Value in 2002. The fund manages about $4 billion in managed securities as of the end of the 2020. Famously called the “most feared man in corporate America” by Fortune, Smith has an eye for detecting unrealized potential in companies. His investment strategy is simple: build stakes in companies that are undervalued and undergoing management inefficiencies and force them to work hard and correct course to unlock value.
The King of Turnarounds
The 49-year-old, who has an economics degree from the Wharton School of the University of Pennsylvania, stunned the financial markets in 2014 by successfully ousting the entire board of Olive Garden-owner Darden Restaurants. In less than two years, Smith oversaw an exemplary turnaround at the company, resulting in a 40% increase in Darden’s market value. He then
Kulicke & Soffa Appoints Jon Olson to its Board of Directors
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SINGAPORE, March 5, 2021 /PRNewswire/ Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ( Kulicke & Soffa, K&S or the Company ) today announced the appointment of Jon A. Olson to its Board of Directors.
Mr. Olson, a seasoned executive with over 40 years of semiconductor industry experience, has provided strategic insight and financial decision making at Intel Corporation and later at Xilinx, Inc. He currently serves as Director on the Board of Xilinx, Inc. and previously Director and Audit Committee Chair of Mellanox Technologies, InvenSense, Inc. and Home Union, Inc.
Nvidia is going to be huge no matter what, Huang said on Mad Money, in response to a question from Jim Cramer, the show s host. Cramer asked the executive how investors should think about Nvidia over the long-term while its $40 billion deal to buy Softbank-owned Arm remained pending.
Numerous companies across the tech landscape, including California-based chipmaker Qualcomm and Microsoft, have reportedly told the Federal Trade Commission they were concerned about that the Nvidia-Arm deal could hurt competition. The FTC, the U.S. antitrust regulator, has opened an in-depth investigation into the acquisition, Bloomberg reported earlier this month.
Nvidia, which is known for its gaming graphics chips, first announced the deal in September. Shortly after it was publicized, Cramer told Mad Money viewers that if Nvidia can close on Arm Holdings, the stock s gonna be unstoppable even after its magnificent multiyear run.
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