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Search resuls for: "chipmaker ARM"


3 mentions found


☆ Battery maker Northvolt in talks to hire IPO banks -sources
  + stars: | 2023-02-16 | by ( Anirban Sen Supantha Mukherjee | Anirban Sen | Supantha Mukherjee | ) www.reuters.com   time to read: +2 min
Northvolt's stock market debut would come in an IPO market that has gradually recovered from a major slump in 2022, which was driven by stock market volatility and fears of an economic slowdown. Northvolt has so far raised billions in debt to fund its factory investments, including a $1.1 billion raise last year in convertible notes. Northvolt has used the money from convertible bonds to increase liquidity and ramp up production at its gigafactory in Skelleftea, Sweden. Northvolt has raised about $8 billion in debt and equity to date from a wide range of investors, including Baillie Gifford and Folksam Group. (This story has been corrected to say that Northvolt 'has used the money from convertible bonds', not 'has refinanced its convertible bonds', in paragraph 7)Reporting by Anirban Sen in New York and Supantha Mukherjee in Stockholm; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
☆ SoftBank plans at least 30% staff cuts to Vision Fund, source confirms
  + stars: | 2022-09-29 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +1 min
Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. SoftBank is planning to cut at least 30% of staff at its ambitious investment arm, the Vision Fund, a source confirmed to CNBC's Deirdre Bosa. At least 150 out of 500 Vision Fund workers will be impacted by the cuts, according to Bloomberg, which first reported the news on Thursday. SoftBank Founder Masayoshi Son had foreshadowed cost cutting and a more conservative investment approach this summer after the company posted a $21.6 billion quarterly loss for the Vision Fund. Still, he said at the time, Vision Fund headcount may need to be "reduced dramatically" with "cost reduction" needed across units.
☆ SoftBank CEO Masayoshi Son seeking 'strategic alliance' between chipmaker Arm and Samsung
  + stars: | 2022-09-22 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. There were no further details provided by SoftBank on what a strategic alliance would entail, but it could mark a big shift in strategy for Son and his vision for Arm. I'd like to talk with Samsung about a strategic alliance with Arm," Son said in a statement. SoftBank CEO Masayoshi Son said he is seeking a "strategic alliance" between chipmaker Arm, which is owned by the Japanese giant, and South Korean tech conglomerate Samsung . Since then, SoftBank tried to sell arm to chipmaker Nvidia but the deal fell through in February.
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