{
}
Speedata has launched its innovative Analytics Processing Unit (APU), designed to significantly enhance big data analytics performance, alongside a $44 million Series B funding round, raising its total to $114 million. The APU, powered by the Callisto chip, addresses bottlenecks in data processing, enabling faster and more efficient analytics across various industries, including healthcare and finance. With its server-agnostic C200 PCIe card, Speedata aims to transform data infrastructure, making analytics a critical component in the age of AI.
Speedata, a Tel Aviv-based startup, has secured $44 million in Series B funding to develop analytics processing units (APUs) aimed at enhancing big data and AI performance. Backed by notable investors including Intel CEO Lip-Bu Tan, the company claims its APUs can outperform traditional CPUs and GPUs, significantly reducing processing times for data-intensive tasks, such as completing a pharmaceutical workload in just 19 minutes compared to 90 hours with standard processors. This innovation highlights a shift towards specialized hardware designed for specific computing needs, potentially transforming research and business operations.
China's Skyverse Technology has launched the Redwood-900, its first 10nm wafer inspection system, aiming to capture a larger market share. Meanwhile, Huawei is stealthily building three advanced chip fabs in Shenzhen to produce Kirin and Ascend chips amid US sanctions. Rare earth prices have surged due to China's export restrictions, impacting global supply chains for EVs and defense systems.
Bank of America Co. reported a quarterly earnings per share of $0.90, surpassing estimates, with revenue of $27.37 billion. The firm announced a quarterly dividend of $0.26, yielding 2.61%, and has a current average analyst rating of "Moderate Buy" with a consensus price target of $47.25. Institutional investors hold 70.71% of the company's stock, reflecting strong interest in the financial services provider.
Bank of America reported Q1 earnings of $0.90 per share, exceeding estimates, with revenue of $27.37 billion. The company announced a quarterly dividend of $0.26, yielding 2.61%, and has a debt-to-equity ratio of 1.04. Analysts maintain a "Moderate Buy" rating with a consensus price target of $47.25.
Citigroup has lowered its price target for Bank of America from $54 to $50 while maintaining a "buy" rating. In contrast, Baird R W upgraded the stock to "strong-buy." Overall, analysts have given Bank of America a "Moderate Buy" rating with a consensus target price of $47.43. The company recently reported earnings of $0.90 per share, exceeding estimates, and announced a quarterly dividend of $0.26, reflecting a 2.62% yield.
Intel has appointed Tasha Chuang as general manager for Taiwan, effective May 1, 2025, to enhance partnerships in the semiconductor sector amid a significant company transformation following an $18.8 billion net loss in 2024. This leadership change underscores Taiwan's strategic importance in global semiconductor supply chains, as Intel seeks to strengthen ties with local partners. The evolving relationship between Intel and TSMC reflects broader industry trends, with potential collaborations emerging to address technological challenges and geopolitical pressures.
Intel is reportedly planning to cut over 20% of its workforce as part of a restructuring effort led by new CEO Lip-Bu Tan, who aims to streamline operations and focus on engineering. This move follows a pattern of significant layoffs in response to market challenges, reflecting a shift towards an engineering-driven culture to combat bureaucratic inefficiencies. Other semiconductor companies are also implementing layoffs despite projected industry growth, indicating a broader restructuring trend in the sector.
Bank of America is projected to report an EPS of 3.7 for the current fiscal year. The company recently declared a quarterly dividend of $0.26 per share, yielding 2.78%, with a payout ratio of 30.95%. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $47.20.
Intel is selling a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion, valuing the unit at $8.75 billion—down from the $17 billion paid in 2015. This move aims to enhance liquidity after significant losses, as Altera only contributed 3% to Intel's revenue while incurring a $615 million operating loss in 2024. The divestiture highlights the challenges legacy chipmakers face in adapting to a market increasingly dominated by specialized AI chips.
Lip-Bu Tan
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
speedata launches innovative analytics processing unit and secures 44 million funding
05:12 05.06.2025
speedata secures 44 million funding to advance analytics processing units
06:00 04.06.2025
China advances chip technology as rare earth prices soar and Huawei expands fabs
United States Dollar
Chinese Yuan
STMicroelectronics N.V.
Huawei Technologies CO. Ltd.
Apple Inc.
NXP Semiconductors N.V.
CHN
USA
TWN
Lip-Bu Tan
Show more
04:02 12.05.2025
bank of america reports strong earnings and announces quarterly dividend
14:31 02.05.2025
bank of america reports strong earnings and announces quarterly dividend
13:06 02.05.2025
bank of america receives mixed analyst ratings and price target adjustments
13:59 29.04.2025
Intel appoints Tasha Chuang as general manager for Taiwan operations
United States Dollar
New Taiwan Dollar
Taiwan Semiconductor Manufacturing Company Limited
Intel Corporation
ASUSTeK Computer Inc.
USA
TWN
Lip-Bu Tan
Andy Groves
Show more
04:10 29.04.2025
intel plans significant workforce reduction to enhance engineering focus
06:35 23.04.2025
bank of america reports strong earnings and announces quarterly dividend
13:50 20.04.2025
intel sells majority stake in altera chip business for 4.46 billion
08:50 15.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Venture Capital Investments
Cryptocurrency Trends
Emerging Startups
Funding Rounds & Investments
Retail and Consumer Goods
Crypto Adoption and Integration
Fintech Startups
AI Innovations
Startups & Entrepreneurship
AI Applications
Economic Indicators
Crypto Policies and Governance
Product Launches
Workplace Trends
Central Banks and Digital Currencies
IPOs of Tech Companies
Market Analysis and Predictions
IPOs & SPACs
Countries:
Companies:
Apple Inc.
Nvidia Corporation
DEUTSCHE BANK AG
EVOLUTION JAPAN Securities Co. Ltd.
Alphabet Inc.
Marvell Technology Inc.
Playtika Holding Corp.
Colugo Systems Ltd.
Gemini Trust Company LLC
Circle Internet Financial Inc.
Citigroup Inc.
Bank of America Corporation
Sony Corporation
Zero Networks Ltd.
Ecom Express Ltd.
Minebea Mitsumi Inc.
VOLKSWAGEN AG
Currencies:
People: