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Nvidia's ambitions could twist its own arm


Nvidia’s ambitions could twist its own arm
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DAN GALLAGHER
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In one stroke Monday, Nvidia showed why it is a force to be reckoned with in semiconductors and why its most ambitious deal to date will be a stretch.
As part of its annual GTC technology conference, Nvidia announced a new central processing chip, or CPU, called Grace, designed for use in data centers. These are different from the graphics processors the company sells for use in both videogames and data centers. As a CPU, Grace would effectively compete for the data-center slots mostly occupied by chips from Intel Corp. and Advanced Micro Devices. ....

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Israeli chipmaker Valens heading to billion-dollar SPAC


Israel-based automotive chip company Valens Semiconductor Ltd. is in advanced negotiations to go public via a merger with a SPAC (special purpose acquisition company). Calcalist has learned that the merged company is set to be valued at between $1 billion and $1.2 billion. Valens has hired the services of Bank of America to lead the merger, the negotiations for which began three months ago.
 
Based in Hod Hasharon in central Israel, Valens was founded in 2006 and manufactures semiconductor products for the delivery of uncompressed HD multimedia content for the automotive, industrial, and consumer electronics markets. The company has raised $167 million to date from investors including Goldman Sachs, Samsung, and Oppenheimer Asset Management. Valens currently employs a team of 300 people in Israel, the U.S., Germany, Japan, South Korea, China, and Taiwan. ....

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