Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: President Trump is set to meet the CEOs of HP, Intel, IBM, and Qualcomm on March 10, as new US tariffs threaten to roil the PC hardware industry (www.bloomberg.com)
2025-3-6 Trump Intel IBM

Sources detail Reliance Retail's overhaul plans in its efforts for a $125B IPO valuation, as India's largest retailer renews focus on scaling up quick commerce (www.bloomberg.com)
2025-3-6 India IPO Retail

ON Semiconductor reveals a $6.9B bid to acquire chipmaker Allegro Microsystems, which had a ~$4.9B market cap as of March 5, while Onsemi's stood at $19.6B (www.bloomberg.com)
2025-3-6

Shares of the chipmaker SiTime closed up 19.53% on Wednesday after an iPhone 16e teardown revealed that its timer chips are used in the smartphone (www.bloomberg.com)
2025-3-6 iPhone

Marvell reports Q4 revenue up 27% YoY to $1.82B, vs. $1.8B est., and forecasts Q1 revenue of ~$1.88B, below the highest estimates; MRVL drops 13%+ after hours (www.bloomberg.com)
2025-3-6 4Q

Cybereason CEO Eric Gan resigns after a months-long feud with investors SoftBank and Steven Mnuchin; source: the planned Trustwave merger has also been canceled (www.bloomberg.com)
2025-3-6

Sources: Italy is having growing doubts about closing a €1.5B deal with Starlink in light of the US pullback from commitments to European security (www.bloomberg.com)
2025-3-6 Europe Italy

Microsoft says China-linked hacking group Silk Typhoon was targeting remote management tools and cloud apps in the US and abroad in late 2024 (www.bloomberg.com)
2025-3-6 China Microsoft

The UK CMA clears Microsoft's $13B OpenAI investment in 2023, ending 14 months of uncertainty over the deal, but says “Microsoft did acquire material influence” (www.bloomberg.com)
2025-3-6 Microsoft

Sea reports Q4 revenue up 37% YoY to ~$4.95B, above est., and forecasts 2025 GMV to rise ~20% to ~$120.6B at online retail arm Shopee, above $116.6B est. (www.bloomberg.com)
2025-3-5 Retail 4Q

Cybereason CEO Eric Gan resigns after a months-long feud with investors SoftBank and Steven Mnuchin; a source says the planned Trustwave merger is also canceled (www.bloomberg.com)
2025-3-5

Sources: Flock Safety, a leading maker of license plate-reading cameras, is set to raise about $250M led by Andreessen Horowitz at a ~$7.5B valuation (www.bloomberg.com)
2025-3-5

While addressing Congress, President Trump calls to “get rid” of the $52B CHIPS Act and use the leftover amount to “reduce debt or any other reason” (www.bloomberg.com)
2025-3-5 Trump

Arm agrees to provide chip designs and tech to Malaysia for $250M over the next ten years, as the government targets semiconductor exports of $270B by 2030 (www.bloomberg.com)
2025-3-5 Malaysia

A US judge denies Elon Musk's request for an injunction that would pause OpenAI's restructuring to a for-profit, saying he failed to meet the burden of proof (www.bloomberg.com)
2025-3-5 Elon Musk

Source: ByteDance plans to buy back US employee stock at ~$189.90 per share, up from ~$181 in a similar proposal in 2024, putting ByteDance's valuation at $312B (www.bloomberg.com)
2025-3-5

Sources: Google representatives asked DOJ officials in a meeting last week to back away from a push to break up the company, citing national security concerns (www.bloomberg.com)
2025-3-5 Google

Sources: Assured, whose AI tools automate insurance claims, raised equity funding in a round with Iconiq and Kleiner Perkins, valuing the company at about $1B (www.bloomberg.com)
2025-3-5 AI Insurance Equity

A deep dive into how Facebook, Messenger, WhatsApp, Tinder, and Airbnb are being used in Colombia to facilitate cross-border underage sex trafficking (www.bloomberg.com)
2025-3-5 Facebook Airbnb WhatsApp

Peregrine, which develops a platform used by state and local law enforcement agencies with smaller budgets, raised $190M led by Sequoia at a $2.5B valuation (www.bloomberg.com)
2025-3-5

NYC-based Aescape, which makes AI-powered massage robots to be deployed in 60 Equinox gyms, raised $83M led by Valor Equity, a source says at a ~$250M valuation (www.bloomberg.com)
2025-3-4 AI Robot Equity

Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who are probationary, as Trump cuts the federal workforce (www.bloomberg.com)
2025-3-4 Trump

Jalisco's governor says Foxconn's $900M Guadalajara plant, the largest Nvidia GB200 server assembly site, will be built in a year despite Trump's tariff threat (www.bloomberg.com)
2025-3-4 Trump Nvidia

Sources: Didi Autonomous Driving is seeking to raise new funding at a $5B valuation; it raised a $298M Series C led by Guangzhou Automobile in October 2024 (www.bloomberg.com)
2025-3-4

CoreWeave's S-1 shows ~77% of its $1.9B revenue in 2024 came from its top two customers, one of them being Microsoft, which accounted for 62% of total sales (www.bloomberg.com)
2025-3-4 Microsoft

A deep dive into how Facebook, Messenger, WhatsApp, Tinder, and Airbnb are being used to facilitate cross-border underage sex trafficking in Colombia (www.bloomberg.com)
2025-3-4 Facebook Airbnb WhatsApp

Docs: TikTok generated $1.7B globally in sales from TikTok Live in one 2023 quarter, with $400M+ from the US, projects Live will generate $77B globally by 2027 (www.bloomberg.com)
2025-3-4

Anthropic raised a $3.5B Series E led by Lightspeed at a $61.5B valuation; source: its annual revenue run rate has grown by 30% in 2025, from ~$1B in late 2024 (www.bloomberg.com)
2025-3-4

Documents and sources: the Trump administration cut 170 staff at the National Science Foundation federal agency, threatening AI research and US competitiveness (www.bloomberg.com)
2025-3-4 Trump AI

An in-depth look at Apple's AI crisis, as some in Apple's AI division believe that a true conversational “LLM Siri” won't be ready until iOS 20 at best in 2027 (www.bloomberg.com)
2025-3-3 IOS AI Apple

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