DIRS.INFO The most relevant business & tech news

☆ Chip stocks have had a tough year — but one looks 'really inviting,' fund manager says
▼ + stars: | 2022-10-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Semiconductor stocks have been beaten down all year — thanks to waning chip demand and the easing of supply chain disruptions that hobbled the sector at the peak of the Covid pandemic. The iShares Semiconductor ETF is down around 44% year-to-date — a bloodbath even by this year's bear market standard. Hedge fund manager David Neuhauser said he believes Intel now looks "really inviting," with the company having lost a significant chunk of its market value so far this year. So, if there was one stock I would look at, it would be Intel today," Neuhauser said. Against the backdrop of these macro headwinds and intensifying competition in the sector, chip companies are looking to bolster their position.

☆ Broadcom banks on early EU approval of $61 billion VMware deal
▼ + stars: | 2022-10-16 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom (AVGO.O) will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware (VMW.N) by pointing to competition from Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O), people familiar with the matter said. Announced in May, the deal is the second biggest globally so far this year and marks Broadcom's attempt to diversify its business into enterprise software. Register now for FREE unlimited access to Reuters.com Register"This (deal) is creating more competition in the cloud market where there are very big players now. Broadcom has yet to seek EU approval for the deal. "This should be a first phase investigation based on the facts," the person said, referring to the EU preliminary merger review.

☆ I quit my dream job at VMware just 10 days after Broadcom announced its $61 billion acquisition plan. Here's why I knew I had to leave.
▼ + stars: | 2022-09-20 | by ( Jacob E. Robbins | ) www.businessinsider.com time to read: +3 min

The cloud provider had given me a better offer financially, but I chose VMware because it offered me a dream job. It was an opportunity to work in a leadership role and VMware had a better culture from what I had seen. Ten days in, the news breaks about Broadcom buying VMware for $61 billion. This new role will be a great role, and it might be a steppingstone to another role within the company. Do you work at VMware or Broadcom and have an insight to share?

Search resuls for: "chipmaker Broadcom"

3 mentions found