China’s imports of chip manufacturing equipment have dropped sharply to the lowest levels since mid-2020, Bloomberg reported. The decline comes after the U.S. government earlier this year announced new restrictions on the export to China of technologies related to advanced semiconductors. The value of China’s imports of machines used in chip manufacturing fell more than 40% in November from a...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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