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Marvell Technology clinches roughly $6 billion deal to buy Cavium: sources

(Reuters) - Chipmaker Marvell Technology Group Ltd ( MRVL.O ) has agreed to acquire smaller peer Cavium Inc ( CAVM.O ) for around $6 billion, as it seeks to expand in the networking equipment sector, people familiar with the matter said on Sunday. The deal will allow Marvell to diversify away from its traditional storage devices business following an agreement with Starboard Value LP last year to accept three new directors nominated by the ...
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Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm ( QCOM.O ) is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors ( NXPI.O ) and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said. FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for ...
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Metal recyclers prepare for electric car revolution

LONDON (Reuters) - Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalize on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. An employee sorts used primary non-rechargeable Lithium-ion batteries before being recycled by the German recycling firm Accurec in Krefeld, Germany, November 16, 2017. Picture taken November ...
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China's Yixin Group rises 32 percent in Hong Kong debut

HONG KONG (Reuters) - Shares in Yixin Group Ltd ( 2858.HK ), China’s largest online car retailer, gained as much as 32 percent on their trading debut in Hong Kong on Thursday, benefiting from rising enthusiasm for technology stocks in the Asian financial hub. Yixin’s debut is the latest in a string of technology share offerings in Hong Kong, which have been generating strong retail investor demand. Backed by internet giants Tencent Holdings...
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IBM urges lawmakers to 'narrow' bill targeting Chinese investment

WASHINGTON (Reuters) - International Business Machines Corp has urged lawmakers to use a different strategy than toughening foreign investment rules because of U.S. concerns about Chinese military actions and intellectual property theft, according to a letter seen by Reuters on Tuesday. The logo of IBM is seen on a computer screen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Photo In the letter date...
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Backing Big Brother: Chinese facial recognition firms appeal to funds

HONG KONG (Reuters) - Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software. A "smart departure" self-service machine scans a woman's face to authenticate her identity using face recognition technology, during a demonstration by the Immigration Department at Hong Kong Airport in Hong Kong, Chi...
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China shopping festival smashes record with $25 billion haul

SHANGHAI (Reuters) - Alibaba ( BABA.N ), the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Once a celebration for China’s lonely hearts, Singles’ Day has become an annual 24-hour buying frenzy that exceeds the combined sales for Black Friday and Cyber Monday in the United States, and acts as a ba...
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The Top Free Online PC Games You Should Play Now!

    Looking for the best free PC game? Whether you're broke or just frugal, free is a price point that appeals to everybody's purse. We've collated the top free PC games guaranteed to deliver a near endless stream of complementary entertainment. All you need to spend is your time. From military to sci-fi to fantasy, from MMOs to block-builders to card battlers, it turns out that zero can buy you quite a lot in the F2P game world -...
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Nvidia set to open at record on soaring Volta chip demand

(Reuters) - Shares of Nvidia Corp ( NVDA.O ) are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars. The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu Nvidia’s gaming revenue blew p...
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U.S., AT&T at odds over CNN in Time Warner deal

NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s CNN cable network as a condition of approval of its deal to buy the media company. The U.S. Department of Justice has demanded significant asset sales in order to approve the $85.4 billion deal, sources told Reuters on Wednesday, and asked AT&T to sell CNN-parent Tu...
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