Texas Instruments Secures $1.6 Billion in CHIPS Act Funding

Texas Instruments (TI) reached a preliminary agreement with the U.S. Department of Commerce to potentially receive up to $1.6 billion in funding under the CHIPS and Science Act. This financial support will aid in the construction of three new 300mm semiconductor wafer fabs located in Sherman, Texas, and Lehi, Utah. The investment is expected to enhance TI's manufacturing capabilities, providing a reliable supply of analog and embedded processing...

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Ericsson to Sell iconectiv (formerly Telcordia, Bellcore) to Koch for US$1 billion

 Ericsson  announced a strategic divestment of its U.S. subsidiary, iconectiv, to Koch Equity Development. Acquired by Ericsson in 2012 through the Telcordia acquisition, iconectiv specializes in network number portability and data exchange services. The sale is expected to provide Ericsson with a cash benefit of approximately SEK 10.6 billion (USD 1.0 billion) after accounting for taxes and transaction costs. The deal, which will require...

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Archtop Fiber picks Render to accelerate rollout in Hudson Valley

Render Networks announced a partnership with Archtop Fiber to expedite the deployment of high-speed, reliable, and affordable fiber internet across underserved markets in the Northeast U.S. This collaboration aims to enhance efficiency through Render’s network construction management technology, which will streamline the entire process from construction to operations. Render Networks, based in Melbourne, Australia, offers a construction management...

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Sterlite to Appeal Verdict in Prysmian Lawsuit

Sterlite Technologies has decided to appeal a recent federal district court verdict in a lawsuit filed against it by Prysmian Cables & Systems. STI asserts that the verdict is not supported by the evidence and testimony presented during the three-year case and believes the lawsuit was initiated for anti-competitive reasons. The court dismissed all but two of Prysmian’s claims against STI.Earlier this month, a jury in South Carolina awarded $96.5m...

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Quantum Circuits Secures $60M or Error-Detecting Qubits

Quantum Circuits, a spinout from Yale University specializing in superconducting quantum computing, has closed its Series B funding round with more than $60 million. This final investment round aims to advance the company's efforts to commercialize its quantum systems, which feature an industry-first: a powerful qubit with built-in error detection, addressing one of the critical challenges in quantum computing—error correction.The funding round was...

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Key Observations from Cisco's Q4 2024 Analyst Call

 Following Cisco Systems' release of its financial results on August 14th, key observations from the subsequent market analyst call provide insight into the company’s performance, strategic shifts, and future outlook. Cisco reported strong fourth-quarter results for fiscal year 2024, with $13.6 billion in revenue, surpassing its guidance range. The company demonstrated robust demand across its product lines, particularly in security, AI infrastructure,...

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ZTE Sees 4.8% Profit Increase in H1 2024, Expands AI and 5G

ZTE Corporation announced its financial results for the first half of 2024, reporting revenue of RMB 62.49 billion (approximately USD 8.63 billion), a 2.9% increase year-on-year, and a net profit of RMB 5.73 billion (approximately USD 791 million), up 4.8% from the same period last year. Despite global challenges, ZTE experienced significant growth in its government-enterprise and consumer businesses, with revenues rising by 56.1% and 14.3%, respectively....

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Deutsche Telekom IoT subsidiary joins Bridge Alliance

Deutsche Telekom’s IoT subsidiary has joined the Bridge Alliance, a business consortium of 35 mobile communications companies spanning Asia Pacific, the Middle East, Africa, and now Europe. Bridge Alliance offers connectivity and integrated IoT/M2M services to its members, enabling flexible solutions tailored to international customer needs. Deutsche Telekom, now the first European telecommunications company in this alliance, integrates its IoT...

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