Softbank scheme to invest $10 bn for 14% of Uber

Softbank and Dragoneer Investment Group are to invest $1 billion in Uber at a $70 billion valuation on condition that it has a tender offer of $9 billion accepted at a lower valuation which would bring the Softbank/Dragoneer stake to around 14% of Uber. The tender offer will be made to all Uber shareholders on ...

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NXP launches i.MX RT series processors

NXP has launched the i.MX RT series processors which  bridge the gap between high performance and integration while minimizing costs. Applications include audio subsystems, consumer and healthcare, home and building automation, industrial computing, motor control and power conversion. The i.MX RT1050 is an ARM Cortex-M7 based device with real-time operation and an applications processor-level of functionality ...

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Magpie or Ostrich? asks CBI

In a new report, From Ostrich to Magpie, the CBI argues that by encouraging more businesses to behave like ‘magpies’ – picking the best tried and tested technologies available – rather than like ‘ostriches’, who are more stuck in their ways, then the UK could reduce inequality between firms’ productivity and people’s pay. This could ...

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Trump China visit ends forced technology transfer

US President Donald Trump’s visit to China has produced a significant benefit for the tech industry. Soon after Trump’s departure, China Vice Premier Wang Yang, who ranks No.4 in the Communist Party, published an article under his own by-line in the Peoples’ Daily newspaper, saying thst foreign companies would no longer be forced to turn ...

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ST launches fast-charge chip

ST has launched a fast-charge chip complying with the Qi specification of the Wireless Power Consortium (WPC). By raising the maximum charging power from 5W to 15W, this new profile enables devices to be charged up to three times more quickly. One of the market’s first wireless-charging controllers to support Qi Extended Power, ST’s STWBC-EP ...

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