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Former Microsoft CEO Steve Ballmer has purchased a 4 percent stake in Twitter, making him one of the company's biggest shareholders.
Following the news, Twitter Inc. shares rose 4.9 percent, which is especially good news for the company (and Ballmer) given they've declined 40 percent since April.
Ballmer stated on his new Twitter account that the company is "leaner, more focused" and that he's "glad" for his investment.
Following the AMD revenue loss news yesterday, the company will begin outsourcing its microprocessor assembly, testing, marking, and packaging operations to Nantong Fujitsu Microelectronics Co., Ltd (NFME), a Chinese company with expertise in semiconductor assembly and testing (pictured below).
The deal, which is expected to go live in the first half of 2016, is valued at $436 million. AMD will provide its facilities in the region and their 1,700 employees to NFME (including management), who will in turn provide AMD with $371 million. NFME will achieve 85% ownership, thereby serving as controlling shareholder of this joint-venture (not AMD itself). The joint-venture will house a total 5,800 employees across five facilities. No workforce reductions are planned.
AMD says it made the deal to cut expenses while providing itself with an infusion of cash. There's also something to be said for the enhancement of its supply chain operations.
Samsung is trying to get HiSilcion Technologies to buy its 14nm FinFET-based products from Samsung, so in order to secure orders from the China-based fabless vendor, it is reducing the prices on its 14nm FinFET production.
DigiTimes reports from its industry sources: "HiSilicon is already among TSMC's major clients, having placed 16nm chip orders at the Taiwan-based foundry". In response, DigiTimes adds: "TSMC said it does not comment on speculation about customers and orders". Samsung has already secured contracts from the likes of industry giants and competitors in Apple and Qualcomm by dropping its prices, while Qualcomm leans on TSMC to manufacture most of its Snapdragon processors.
Apple has relied on TSMC for its A8 processors, the ones found in the previous generation iPhone 6 and iPhone 6 Plus smartphones.
Netflix has just posted its Q3 2015 results, reporting $1.74 billion in revenue with a net income of $29.4 million. Analysts were expecting slightly better results, estimating Netflix would pull in $1.75 billion in revenue.
The streaming video giant added 3.62 million new subscribers in the past three months, which now has Netflix tally up a huge 69.17 million subscribers. Internationally, Netflix added 2.74 million new subscribers while 880,000 new subscribers signed up in the US. Netflix expected more Americans to subscribe, where it estimated that 1.15 million new US subscribers would join the service.
Netflix's share value dropped over 14% in after-hours trading, but it quickly rebounded to slide back to around $4 from its closing value.
Days after we reported that 21-year veteran to AMD left for the warm arms of NVIDIA, AMD reports its third quarter financials. The chipmaker reported revenues of $1.06 billion ending September 30, much lower than the $1.43 billion from last year.
AMD's net loss was $136 million, or 17 cents per share, compared to last year where they made a profit of $41 million or 5 cents per share. AMD said that it had a write-down of $65 million for inventory of its older APUs, which saw the company take an 8 cent a share charge. AMD's higher semi-custom chips, such as the APUs powering the Xbox One and PS4, are doing well, but GPU sales are down from last year - even in the wake of the new Radeon R9 390X and new HBM-powered cards in the R9 Nano, R9 Fury and R9 Fury X.
The company has also announced a new agreement with Nantong Fujitsu Microelectronics (NFME) to create an Assembly, Test, Mark and Pack (ATMP) joint venture, with NFME handing over a cool $436 million to secure itself an 85% chunk in the new partnership. NFME will hand over $ 371 million in cash, with the deal closing in the first half of next year. What about the last quarter of 2015?
AMD has lost another valuable member of its team, with Phil Rogers leaving the company after a huge 21-year stint. Rogers was one of the key personnel that lead the development of Heterogeneous Computing, which is set to kick start the next era of computing.
Rogers has joined NVIDIA, where he takes the throne of the Chief Software Architect of Compute Server. He had been a Corporate Fellow of System Architecture and Performance at AMD before he jumped ship. Rogers' updated LinkedIn profile also shows that he is now with Team Green. For AMD, this isn't the first veteran to leave the company in recent months, with its CPU architect Jim Keller leaving the company last month.
Keller was responsible for its future Zen architecture, which will be unveiled next year.
It's no surprise to see huge tech companies follow competitor's methodologies quite closely or even go so far as to "borrow" ideas and patents. But it looks like Apple has outright infringed on technology owned by the University of Wisconson for the A-series CPU chips in modern iDevices, and will face a substantial fine.
Cupertino-based tech giant Apple may have to shell out a whopping $862 million in damages after a jury ruled Apple infringed on a patent owned by the Wisconsin Alumni Research Foundation. The patent, which was filed all the way back in 1998, is specifically used to boost processor efficiency. Apple used this process to optimize a slew of chips including the A7, A8 and A8X CPUs found in devices like the iPhone 5S, iPhone 6, iPhone 6S Plus and iPad models like the iPad Air and iPad Mini.
The jury has ruled that the patent is indeed valid and is currently working out how much in damages Apple will pay to the university. The global company argues that it didn't infringe on the patent and that the patent itself isn't valid, and even tried to convince the United States Patent and Trademark Office to re-evaluate the patent in question. As decreed by U.S. District Judge William Conley, the preceedings will move forward in three parts--liability, damages, and determining whether Apple willfully violated the patent, where it could face even more severe fines.
According to Tesla, two journalists from Reno Gazette-Journal broke into their elusive Gigafactory facility, and attacked the Tesla staff that caught them in the act.
The journalists refused to stay put when they were found, where they then used their Jeep to RAM two private security guards on patrol responded to the break in. The driver was charged with assault, but both of the journalists are at fault here. Tesla has said that there have been a number of "repeated" intrusions, but this is the first that ended in violence.
The story gets weirder though, with the Reno Gazette-Journal reporting that a "rock had been used to shatter the driver's-side window and the driver's-side seat belt had been cut in half", but Storey County Sheriff Gerald Antinoro said he couldn't confirm how that damaged occurred.
After spending 9 million GBP on three years' worth of constant guard, the London Metro Police have finally stepped away from their 24/7 surveillance over the Ecuadoarian embassy that houses Julian Assange.
For the past three years now the London Metropolitan Police Service has stood like sentinals outside of the Ecuadorian embassy in round-the-clock guard posts. The world watched on as the controversial figurehead Julian Assange faced his opressors through the safe harbor of the embassy. The polic guard have strict orders to arrest the WikiLeaks co-founder Julian Assange on sight if he should step outside of the safe harbor of the embassy, but for the past three years, Assange has stayed safely ensconced in the building like a hostage.
This endeavor has cost nearly 10 million GBP across three years time, and now the police force has finally called it quits. "Whilst the MPS remains committed to executing the arrest warrant and presenting Julian Assange before the court, it is only right that the policing operation to achieve this is continually reviewed against the diplomatic and legal efforts to resolve the situation," reads an official announcement from the London Metro Police. "As a result of this continual review the MPS has today Monday, 12 October withdrawn the physical presence of officers from outside the Embassy."
Dell has just completed the single most substantial acquisition in the history of technology, paying a whopping $67 billion for EMC Corporation, one of the biggest names in data management.
Bringing EMC into the fold is extremely advantageous for Dell, who plans to bolster its data computing sector with EMC's valuable expertise in services like cloud management, enterprise-grade backup, recovery and archiving, and data virtualization. EMC powers a huge portion of the world's business data management, with companies across the globe utilizing its wide array of services to encrypt, analyze and interpret massive data streams across a wide variety of platforms.
"The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment. Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security," said Michael Dell. "Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes. I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners."