1. PlayStation 4's success helped AMD avoid bankruptcy according to AMD's Gaming Client PC Business boss. 2. AMD's semi-custom chip designs in PS4 and Xbox One contributed significantly. 3. The console market's impact on AMD's financial stability is highlighted through a LinkedIn post.
Recent #Corporate Strategy news in the semiconductor industry
➀ Honda and Nissan terminated their merger discussions due to significant differences in expectations for the combined company;
➁ The proposed holding company would have been named Honda Corporation without any reference to Nissan;
➂ Honda expected Nissan to lay off 40,000 of its 130,000 employees;
➃ The valuation ratio of the two companies was 5:1;
➄ Honda would appoint the president of the holding company and the majority of its internal and external directors;
➅ Nissan would become a subsidiary of Honda;
➆ Nissan could not persuade Honda of the feasibility of its turnaround plan.
➀ Corporations like AMD, ASML, Alphabet, Micron, Microsoft, Nvidia, and Yahoo have invested $25 billion in Taiwan over the past seven years, indicating a discounting of the risk of China invading Taiwan. ➁ Foreign direct investment in Taiwan has increased by 61% from 2018-2023 compared to the previous period. ➂ Major investments in AI, cloud services, and renewable energy sectors by global firms suggest a collective corporate view that minimizes the threat of conflict between China and Taiwan.
1. Allegro MicroSystems announced the pricing of a primary offering of 25 million shares at $24.00 per share, raising gross proceeds of $600 million. 2. The proceeds will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. 3. The offering is expected to close on July 26, 2024, subject to customary closing conditions.
1. SK Innovation and SK E&S held separate board meetings on July 17th and approved a merger plan between the two companies; 2. The merger is seen as a strategic move to strengthen the companies' positions in the digital economy and energy sector; 3. The combined entity is expected to leverage synergies and expand its global network.