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Tag: bln
Google buys stake in Jio for USD 4.5 bln, to partner on affordable smartphone
2020-07-15 13:17:00| Telecompaper Headlines
(Telecompaper) Google is the latest company to invest in Jio Platforms, the Indian company owned by Reliance Industries which owns the mobile and fibre operator Jio. Google will pay USD 4.5 billion (INR 337.37 billion) for a 7.73 percent stake in Jio Platforms. As part of the deal, the companies will work together on an entry-level smartphone based on Google's Android system to help more Indians get online.
Analog Devices buys Maxim Integrated, creating company worth USD 68 bln
2020-07-13 17:09:00| Telecompaper Headlines
(Telecompaper) Chipmaker Analog Devices, based in Norwood, Massachusetts, has announced the acquisition of Maxim Integrated Products of California, in an all-stock transaction that values the combined company at over USD 68 billion. Both boards have approved the deal, which is expected to increase the breadth and scale of Analog across different and "attractive" end markets, the company said. Specifically, Analog said Maxim's applications-focused product offerings will complement its own catalogue of broad market products.
Tags: company
worth
creating
usd
Google to invest USD 10 bln into India Digitisation Fund
2020-07-13 14:49:00| Telecompaper Headlines
(Telecompaper) Google CEO Sundar Pichar has announced USD 10 billion Google for India Digitisation Fund, to boost India's digital economy. The CEO made the announcement at the sixth edition of the recently held Google for India (online) event.
Ericsson foresees USD 700 bln revenue for industrial digitisation service providers by 2030
2020-07-08 12:07:00| Telecompaper Headlines
(Telecompaper) Ericsson said its president and CEO Borje Ekholm recently addressed the 2020 GTI Summit about 5G network expansion and private networks. He said a leading application for 5G will become evident once the infrastructure is in place. He expects industrial digitisation to generate some USD 700 billion in revenue for service providers by 2030.
Tags: service
industrial
usd
providers
Chinese chipmaker Semiconductor Manufacturing International planning IPO worth up to USD 7.5 bln
2020-07-06 13:13:00| Telecompaper Headlines
(Telecompaper) Chinese chipmaker Semiconductor Manufacturing International (SMIC) is planning an initial public offering that could be worth USD 6.55-7.5 billion, the Wall Street Journal reported. SMIC hopes to sell 1.69 billion new shares at CNY 27.46 (USD 3.89) per unit, and list them on the Shanghai Stock Exchange's Science and Technology Innovation Board, or Star Market.The company said the offering could be increased by a greenshoe of 15 percent. That would take the deal's size to about USD 7.5 billion.
Tags: international
planning
chinese
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