ChipAgents raises additional $60m in expanded Series A round to support AI chip design platform
Startup claims more than 120 chip companies have already deployed its platform
News - The Investment & Markets Channel, Ericsson
The latest news from the AI, data center, telco, chip, and cloud sector
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Ericsson sales drop again as component costs and network ‘pressure’ bite
Departing CEO Börje Ekholm warns rising component costs could see the vendor ‘pursue internal measures’ after laying off 1,600 staff
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Ericsson hit by North America telecom slowdown, geopolitical instability
And it does not expect to be a near-term player in the AI and data center party
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ChipAgents raises $21m to support development of AI chip design platform
Has added former Siemens, Synopsys, and Cadence execs to its advisory board
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Ericsson reports mixed third quarter amid "flat" RAN market
A slump in the Americas hasn't helped, says vendor
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Ericsson reports mixed Q2 as North American market offers optimism
But US tariffs could pose further headaches
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Ericsson India sells its small stake in Vodafone Idea
Nokia recently sold its stake in Vodafone Idea
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Ericsson upbeat as strong 5G demand drives North American market back to growth
Sales in North America jumped by 55 percent YoY
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EU urged to encourage telecoms mergers by former Italian PM Draghi
The Euro-bloc has traditionally been very tough on potential mergers
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Ericsson sells iconectiv to Koch Equity for $1bn
Expects deal to complete next year
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Ericsson to book $1.1bn impairment charge because of Vonage acquisition
The vendor acquired the cloud provider two years ago
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Vodafone Idea to issue shares worth $294m to Nokia and Ericsson
Will use the money to pay its dues
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Nvidia plans custom chip venture, pitches product to Amazon, Meta, Microsoft, Google, and OpenAI
Could also build custom telecoms, automotive, and video game chips
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Ericsson secures €420m EIB loan for R&D investment
Which will support overall sustainability goals at the company
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Ericsson issues €500m green bond, it's first-ever
Has a maturity of four-and-a-half years
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Ericsson sells IoT business to Aeris
The transaction is expected to close Q1 2023
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Ericsson to pump tens of millions of pounds into 6G research in UK
The decade-long investment will research 6G's potential