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Infineon Technologies AG announced the closing of the acquisition of Cypress Semiconductor Corporation. The San José-based company has become part of Infineon effective as of the closing. “The acquisition of Cypress is a landmark step in Infineon’s strategic development,” said Infineon CEO Reinhard Ploss. “Together, we offer our customers the industry’s most comprehensive portfolio for…
Bsquare Corporation, a builder of technology that is powering the next generation of intelligent devices and systems, announced the receipt of $1.6 million in funding from the Paycheck Protection Program (PPP). The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses in the US to keep their workers on…
Stripe, a U.S. fintech startup, has said it has raised $600 million as companies that are providing financial and payment services via online are witnessing a surge in these times due to the coronavirus pandemic. “The pandemic is accelerating the trend as more customers look to pay without contact and use banking services without stepping…
As the coronavirus pandemic continues to impact the lives of many people around the world in numerous ways, businesses that have seen their sales funnels and cash flows depleting are taking strong measures to ensure the survival and continuity of business. Shop101, a Mumbai-headquartered social commerce company has asked nearly 40% of its 450 employees…
TCS, India’s largest software exporter, has said that it will not retrench any of its nearly 4.5 lakh employees, but has decided not to give any salary hikes this year, according to a report. The Tata group company has commented on new hires that it will keep 40,000 people who have been given offers on…
Yellow Messenger, a Bengaluru-based conversational AI platform, announced that it has raised $20 million in Series B funding from Lightspeed Venture Partners and Lightspeed India Partners. Yellow Messenger will use the funds to expand globally and strengthen its multi-lingual voice bot platform. “This investment will help us scale operations to Europe, US and Latin America,…
As the novel coronavirus pandemic led to the world’s largest work-from-home experiment, video conferencing apps like Zoom and Google Meet saw a sudden rise in their user database. Organizations around the world are now moving ahead with their daily tasks via video conferencing through these apps. But their usage has also drawn severe criticism from…
E-commerce giant Amazon was recently ordered to close its warehouses in France until at least early next week. The company has been ordered to limit deliveries to essential goods such as food and medical supplies. According to Reuters reports, in an internal document sent to French unions ahead of a meeting on Wednesday afternoon, Amazon…
Online real estate rental platform NoBroker.com recently announced that it has raised $30million in Series D funding round by General Atlantic. Reportedly, this is the third investment by the Singapore-based Venture Capitalist firm in the startup. The company said this is an extension of its Series D funding, as part of which it had raised…
The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
The coronavirus pandemic has impacted several jobs globally with nearly 10 mn people filing for unemployment benefits in America alone. The pandemic has forced businesses to close operations and employees have been sent on furloughs for indefinite periods. The International Labour Organization has predicted that globally around 2.5mn jobs would be lost due to the…
The pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation from major corporations, philanthropists, and business leaders to support the fight against the pandemic. The Indian Energy Exchange (IEX) has also contributed Rs five crores to the PM’s Citizen Assistance and Relief in…
dotin Inc., a Silicon Valley-based startup has announced another round of seed funding from two investment firms Qu Ventures and Arka Venture Labs. The company will use the current financing round to further its product development and growth, widening the scope of its offerings. “Our AI-generated insights help recruiters and employers gain a deeper understanding…
California-based dynamic glass maker, View has recently laid off an unknown number of employees. These layoffs are also made from the company’s plant in Olive Branch, Mississippi. View specializes in making dynamic glasses that are designed to reduce heat and glare as well as lessen eyestrain. View touts its glass as a way for real…
Under Armour, Inc. has announced the appointment of Lisa Collier as Chief Product Officer. She will report directly to President and Chief Executive Officer Patrik Frisk and is expected to start on April 27. Lisa replaces Kevin Eskridge, who resigned as Chief Product Officer and will depart the company in August. “Collier will work closely…