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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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
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