SoftBank Confirms Acquisition of ARM

SoftBank Group Corp. agreed to acquire ARM Holdings Plc in an all-cash deal valued at £24.3 billion. (US$32.4 billion), or 1,700 pence per ARM share, and representing a premium of 43% over the closing price on preceding trading day. The deal would be Softbank's largest to date. SoftBank, which is based in Tokyo and is headed by Masayoshi Son, said it intends to preserve the ARM organization and business model, including ARM's senior management...

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Infineon to Acquire Wolfspeed for $850 Million

Infineon Technologies AG agreed to acquire the Wolfspeed Power and RF division of Cree for US$850 million in cash (approximately Euro 740 million.  The deal also includes the related SiC wafer substrate business for power and RF power. Wolfspeed, which is based in Research Triangle Park, North Carolina, is a premier provider of SiC-based power and GaN-on-SiC-based RF power solutions. This also includes the related core competencies in wafer...

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IBM Cites Strong Growth in Cloud and Analytics

IBM reported Q2 revenue from continuing operations of $20.2 billion, with second-quarter revenues from the company’s strategic imperatives --- cloud, analytics and engagement --- increased 12 percent year to year. Cloud revenues (public, private and hybrid) for the quarter increased 30 percent. Cloud revenue over the trailing 12 months was $11.6 billion. The annual run rate for cloud as-a-service revenue --- a subset of total cloud revenue --- increased...

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VMware Posts Q2 Revenue of $1.69 Billion, up 6%

VMware reported GAAP and non-GAAP revenues for the second quarter were $1.69 billion, an increase of 6% from non-GAAP revenues for the second quarter of 2015, and an increase of 11% from GAAP revenues for the second quarter of 2015. License revenues for the second quarter were $644 million, an increase of 1% from the second quarter of 2015. GAAP net income for the second quarter was $265 million, or $0.62 per diluted share, up 54% per diluted share...

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US Ignite's Advanced Wireless Consortium Looks Beyond 5G

US Ignite, which is a non-profit organization inspired by the White House Office of Science and Technology Policy and the National Science Foundation, has formed a new Advanced Wireless Industry Consortium "to help align and focus US efforts to exploit new wireless technologies beyond 5G." The group is aiming to speed up the transfer rate of breakthrough ideas from university research to industry end users, overcoming what is sometimes called the...

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Saudi Telecom Deploys Juniper Contrail SDN

Saudi Telecom Company (STC) has deployed Juniper Networks Contrail Networking and NFV to create automated cloud services for its customers. With dedicated cloud services powered by Contrail Networking, STC now has a fully scalable, flexible resource to sell to subscribers and customers on-demand as their IT requirements evolve and change. Contrail Networking enables full automation, better scalability, security and flexibility for STC's NFV-based...

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