American Tower completes $10B acquisition of CoreSite

American Tower completed its previously announced acquisition of CoreSite Realty Corporation. Tom Bartlett, American Tower’s Chief Executive Officer stated, “We are thrilled to welcome CoreSite’s exceptional team to American Tower and are ready to work together to create long-term shareholder value. As 5G deployments and wireless and wireline convergence accelerate, we expect to leverage CoreSite’s highly interconnected data center facilities...

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Intel completes sale of its NAND and SSD business to SK hynix

Intel completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel US$7 billion in consideration. The deal was first announced October 19, 2020.Intel said it plans to continue to manufacture...

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MACOM sells its equity in Ampere for $127.7M

MACOM has sold its equity interest in Ampere Computingto Denver Acquisition Corp., an affiliate of one of Ampere’s other limited liability company members, for $127.7 million in cash.Ampere was established in 2017 when MACOM divested its ARM-based compute processor business of Applied Micro Circuits Corporation. In consideration for the divestiture, MACOM received a minority equity interest in Ampere with limited rights. The purchaser exercised its...

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