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Softbank Could Cede Control over Sprint to Get T-Mobile to Go along with a Merger

21 Feb softbank-logo (2)

By Mudit Mohilay, The Tech Portal

Japanese conglomerate Softbank is apparently ready to give up control over Sprint, so as to induce Deutsche Telekom’s T-Mobile to seriously consider a merger. The information comes from Reuters, which cites sources close to the matter. (more…)

Snap Takes Potshots at Facebook in a Video Meant to Impress Potential Investors

20 Feb snapchat-1360003_1280-990x594

By Mudit Mohilay,  The Tech Portal

Snap is nearing its IPO. And as the clock ticks, it is doing its best to impress investors into placing their bets on it. The company is expected to go public sometime in March, and as part of its drive to encourage investors, has released a brand new video. The video, while talking about everything that is great in Snapchat, also takes a few digs at competitor Facebook. (more…)

3-D Camera Maker TetraVue Raises $10 Million from Samsung, Foxconn and Others

20 Feb 86-990x526

By Aditya Srivastava, The Tech Portal

TetraVue, the company which has set forth to upgrade self-driving cars with ultra high resolution 3-D cameras and optics, has announced that it is raising an impressive $10 million from  Foxconn, Nautilus Venture Partners, Robert Bosch Venture Capital and Samsung Catalyst Fund. (more…)

Wells Fargo Increases Emphasis on Emerging Technologies

17 Feb money 2

Wells Fargo & Company has announced it is enhancing the organization within its recently formed Payments, Virtual Solutions and Innovation Group. The new structure aims to help increase connectivity for the company’s payments efforts, accelerate opportunities with artificial intelligence, and advance application programming interfaces to corporate banking customers. The investments into each area will help the company create innovative digital banking experiences, and make it easier for customers to achieve their financial goals. (more…)

SoftBank Group to Acquire Fortress Investment Group for $3.3 Billion

15 Feb softbank-logo (2)

SoftBank Group Corp. (“SoftBank” or “SBG”) and Fortress Investment Group LLC (NYSE:FIG) (“Fortress”) today announced that they have entered into a definitive merger agreement under which SoftBank will acquire Fortress for approximately $3.3 billion in cash. (more…)

Toshiba Starts Construction of Fab 6 and Memory R&D Center at Yokkaichi, Japan

13 Feb building2

Toshiba Corporation on February 8 announced that it has started construction of a new state-of-the-art semiconductor fabrication facility, Fab 6, and a new R&D center, the Memory R&D Center, at Yokkaichi Operations in Mie prefecture, Japan, the company’s main memory production base. (more…)

Qualcomm and TDK Announce Launch of Joint Venture

9 Feb qualcomm-snapdragon-s4-mobile-chips

Qualcomm Incorporated and TDK Corporation have announced the completion of the previously announced joint venture under the name RF360 Holdings Singapore PTE. Ltd. (RF360 Holdings). The joint venture will enable Qualcomm’s RFFE Business Unit to deliver RF front-end (RFFE) modules and RF filters into fully integrated systems for mobile devices and fast-growing business segments, such as Internet of Things (IoT), automotive applications, connected computing, and more. The business being transferred constitutes a part of the TDK SAW Business Group activities. (more…)

Intel Supports American Innovation with $7 Billion Investment in Next-Generation Semiconductor Factory in Arizona

9 Feb intel

Intel Corporation has announced plans to invest more than $7 billion to complete Fab 42, which is expected to be the most advanced semiconductor factory in the world. The high-volume factory is in Chandler, Ariz., and is targeted to use the 7 nanometer (nm) manufacturing process. It will produce microprocessors to power data centers and hundreds of millions of smart and connected devices worldwide. The announcement was made by U.S. President Donald Trump and Intel CEO Brian Krzanich at the White House. (more…)

Micromax to Launch $100Mn Fund ‘Orbis Capital’ to Invest in Consumer Internet Startups

8 Feb money-new-featured-tech-portal-e1468928689935

By Jeet Suthar, The Tech Portal

Micromax, one of the leading Indian mobile handset makers, is reportedly going to launch a new independent fund with an initial corpus of $100 million. The fund, named Orbis Capital, will be aimed at investing in Consumer Internet startups around the globe. (more…)

IBM Closes Acquisition of Agile 3 Solutions

7 Feb money 2

IBM Security has announced it has completed the acquisition of Agile 3 Solutions. The software is used by the C-Suite and senior executives to better visualize, understand and manage risks associated with the protection of sensitive data. IBM Security had previously announced it had entered into a definitive agreement to acquire Agile 3 Solutions. Financial terms were not disclosed. (more…)