South Korea’s SK Hynix, the world’s second-biggest memory chip maker, said it had gotten Chinese antitrust approval for its $9 billion deal to buy Intel’s NAND memory chip business, Reuters reported. Intel agreed a year ago to sell its NAND memory chip business to focus on more profitable and technologically advanced chips instead. SK Hynix wants to catch up to rival Samsung. Chinese...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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