3º Hardware, Chips, Space Telco, IoT & Quantum computing - 10th Jun
News
- As TSMC plans to hire 4,500 workers at its two Arizona fabs, recruiters say the company's culture, rigid standards, and overseas training turn off candidates (Yvonne Lau / Fortune)
- A profile of Nvidia: how Jensen Huang, Curtis Priem, and Chris Malachowsky started the company at Denny's, bet early on what Huang calls “$0B markets”, and more (Ben Cohen / Wall Street Journal)
- The European Commission approves €8B in state subsidies for chip research, adding to €13.7B in private funding for ~€22B in total, as part of the EU's Chips Act (Jillian Deutsch / Bloomberg)
- SK Hynix begins mass producing its 238-layer 3D NAND memory chips with a 2,400 MT/s data transfer rate, up from the prior generation's 176 layers and 1,600 MT/s (Anton Shilov / Tom's Hardware)
M&A and Private equity deals
- KKR agreed to buy Circor (NYSE: CIR), Burlington, Mass.-based maker of industrial flow control products, for $1.6b (including debt assumption), or $49 per share (55% premium to Friday’s closing price). Link
- Nuview, an Orlando, Fla.-based developer of lidar satellites for mapping the Earth, raised $12m in Series A funding. MaC VC led, and was joined by Leonardo DiCaprio, Broom Ventures, Cortado, Florida Funders, Industrious, Liquid2 Ventures and Veto Capital. Link
- Brookfield Asset Management agreed to sell its 49.95% stake in telco One New Zealand to investment firm Infratil (which will hold a 99.99% position) for around US$1.1b. Link
- Hydrosat, a Washington, D.C.-based developer of Earth observation satellites that recently raised $20m in Series A funding and grants, acquired IrriWatch, a Dutch provider of irrigation management software. Link
- Firefly Aerospace, a Cedar Park, Iowa-based portfolio company of AE Industrial Partners, acquired orbital vehicle maker Spaceflight. Link
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