Nvidia, a leading technology company, has made a strategic move by agreeing to acquire Shoreline, a software startup. The deal, reported by Bloomberg, highlights Nvidia’s commitment to growing its software capabilities and expanding its product offerings. Shoreline, a promising startup known for its innovative software solutions, caught the attention of Nvidia due to its potential … Read more
Nvidia, a leading American technology company, has found itself in hot water over allegations that it allowed Chinese companies to obtain its high-powered artificial intelligence chips, despite strict US restrictions on exports to China. One of the main beneficiaries of this alleged loophole is ByteDance, the Chinese tech giant behind popular apps like TikTok. According … Read more
Hewlett Packard Enterprise Co. has announced a $1.4 billion deal to acquire supercomputer maker Cray Inc. in an effort to enhance its position in high-end computing. The agreement will see Cray investors receiving $35 per share in cash, representing a 17% premium over the previous closing price. This acquisition marks HP Enterprise’s largest deal since … Read more
IT services company HCLTech has announced its acquisition of certain assets of Hewlett Packard Enterprise’s Communications Technology Group (CTG). This acquisition will provide HCLTech with intellectual property, engineering and R&D talent, and relationships with global communications service providers (CSPs). The acquired services include solutions and system integration in areas such as business support systems, network … Read more
Two AI companies are set to report their latest financial results next month. The S&P 500 is currently at a record high, with nearly 80% of companies exceeding Wall Street’s expectations for the first quarter of 2024, according to FactSet. CrowdStrike and Broadcom, both known for their operational success, will be releasing their financial results … Read more
Hewlett Packard Enterprise (HPE) is transferring its assets to HCL Technologies (HCLTech) in a deal that is set to boost HCLTech’s technological capabilities and competitive edge. The assets being transferred by HPE include innovative intellectual property and technological solutions that are expected to enhance HCLTech’s portfolio. This move is seen as a strategic decision by … Read more
HCL Technologies (HCLTech) has announced its intention to acquire specific intellectual property (IP) and research and development (R&D) assets from Hewlett Packard Enterprise (HPE). This strategic move is aimed at bolstering HCLTech’s capabilities in the telecom engineering services sector, with a focus on business support systems (BSS), network applications, cloud services, and data intelligence. By … Read more
HCLTech, India’s third-largest IT services provider, has announced the acquisition of select assets of Communications Technology Group, a commercial division of Hewlett Packard Company, for $225 million (around Rs 1,870 crore) in cash. This deal will also involve the absorption of approximately 1,500 employees and 700 contractors with expertise in engineering services for the telecom … Read more
Broadcom leaders addressed VMware staff about the future of one of its business units that global investment firm KKR plans to acquire, according to internal memos viewed by Business Insider. KKR announced on Monday that it entered into a definitive agreement to acquire the End-User Computing division from Broadcom for about $4 billion. Under this … Read more
Investment firm KKR has reached a definitive agreement to acquire Broadcom‘s End-User Computing Division (EUC Division) for roughly $4 billion. The transaction will transform the EUC Division into an independent entity. Previously part of VMware before Broadcom’s acquisition, the EUC Division specialises in digital workspace technologies. It offers Horizon, a virtual desktop and application platform, … Read more