Billionaire Masayoshi Son, Chairman and CEO of SoftBank Group Corp., spoke at a press conference in Tokyo on July 28, 2016, in front of a screen displaying the ARM Holdings logo. ARM, which is owned by SoftBank, has recently filed for its initial public offering (IPO). This IPO will be a significant test for the …
Key executives at Alphabet Inc., the parent company of Google, have been making significant changes in their roles or leaving the company as it navigates its search for a new identity. This includes high-profile figures like CFO Ruth Porat, YouTube CEO Susan Wojcicki, and employee Urs Hölzle. Some have left their positions to take on …
Zoom founder Eric Yuan delivered a speech prior to the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares surged by 8% in after-hours trading on Monday after the video-calling software provider revealed its fiscal second-quarter results that surpassed analysts’ expectations. Here’s a breakdown of the …
SoftBank, the Japanese conglomerate, has unveiled plans to list its chip design company, Arm, in the United States. Arm has filed for a Nasdaq listing, aiming to go public in a period when tech IPOs are typically slow. The company, which wants to trade under the ticker symbol “ARM,” reported $524 million in net income …
The Space Development Agency (SDA) has recently awarded contracts worth $1.5 billion to Lockheed Martin and Northrop Grumman for the development of prototype communications satellites. This move is part of the SDA’s plans to establish the Beta variant of its Tranche 2 Transport Layer constellation, which aims to create a robust network of satellites to …
Redwire, a space infrastructure company, has partnered with Sierra Space to include a biotech technology test bed on Sierra Space’s inflatable space habitat. This collaboration aims to manufacture drugs in orbit. “It’s a significant milestone for both Redwire and Sierra,” stated Mike Gold, Redwire’s chief growth officer. “Our goal is to not only conduct scientific …
Nikesh Arora, president and CEO of Palo Alto Networks Adam Galica | CNBC Shares of Palo Alto Networks experienced a 12% surge in pre-market trading on Monday, prolonging a rally that commenced after the cybersecurity solutions provider reported better-than-expected fiscal fourth quarter earnings last week. The company exceeded Refinitiv analyst consensus by reporting adjusted quarterly …
Adyen’s first-half sales report resulted in a significant miss, leading to a $20 billion decline in market capitalization. The company, which initially experienced growth and success in Europe’s technology sector, faced challenges due to the impact of the global pandemic on travel volumes. Despite expanding aggressively in North America and hiring additional staff to drive …
A XPeng Inc. G6 electric sport utility vehicle (SUV). Qilai Shen | Bloomberg | Getty Images Xpeng expects cost cuts and its Volkswagen partnership to narrow the firm’s losses, the Chinese EV maker told CNBC in an exclusive interview on Monday. On Friday, the firm logged its biggest quarterly loss since its U.S. listing in …
Sales of the Chevy Bolt, a sub-$30,000 electric vehicle manufactured in Orion Township, Michigan, have propelled General Motors (GM) to surpass Ford and become the second-largest EV producer behind Tesla. In a strategic move to further enhance its position in the market, GM announced its leadership in a $60 million funding round for Mitra Chem, …