ITBEAR

No Deal: Intel Drops Tower Semiconductor Purchase, Pays $353 Million Split Fee

August 16, 2023 – In a surprising turn of events, Intel Corporation has officially withdrawn from its previously announced acquisition of Tower Semiconductor. This decision comes after months of negotiations and speculations, marking a significant shift in Intel’s strategic direction. Initially revealed in February 2022, Intel’s ambitious plan to acquire Tower Semiconductor for a staggering…

Read More

Achieving Excellence with ‘Make in India’: Over 2 Billion Shipments, 98% Domestic Production, and 23% Compound Annual Growth Rate

August 15, 2023 – A Remarkable Journey: India’s Ascendance in Mobile Manufacturing As of late, India has emerged as a frontrunner in the realm of mobile phone manufacturing, marking a transformative journey that transpired under the banner of the “Make in India” initiative. Market dynamics driven by colossal domestic demand, amplified digital literacy amongst Indian…

Read More

Sony’s Optimism Towards Third-Party PS Games: A Strategic Outlook

August 15, 2023 – In a video message released today, Sony’s Chief Financial Strategist, Hiroki Totoki, provided investors with a comprehensive update on the strategic shifts within Sony Interactive Entertainment. A pivotal moment for the gaming giant, the message shed light on a recalibration of their first-party PlayStation game release schedule, marking a significant departure…

Read More

Linux to Embrace USB-C DP 2.1 Display Connectivity with Intel’s Backing

August 14, 2023 – In a recent development, Intel’s dedicated team of open-source Linux engineers is diligently working to integrate support for the DisplayPort 2.1 specification into the Linux ecosystem. Friday witnessed a significant stride in this endeavor as Intel engineers submitted a series of Linux kernel patches designed to enable the cable recognition process….

Read More