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Category: acquisition

AI Chip Startup FuriosaAI Rejects Meta’s $800 Million Acquisition Offer

South Korean chip startup FuriosaAI has rejected Meta Platforms’ $800 million acquisition offer and opted to maintain independent development. Due to the confidentiality of the matter, the person requested anonymity. FuriosaAI representatives declined to comment. And Meta officials were unable to be immediately contacted outside of working hours on Sunday.FuriosaAI is one of the few … Continued

Nokia Completes Acquisition of Infinera

Nokia’s ambitious plan to transition from telecommunications to data centers may soon be realized, as it has completed the $2.3 billion acquisition of optical network provider Infinera.This Finnish company first announced its intention to acquire Infinera in June last year, stating that the acquisition would expand its optical network business by 75%. In fact, Nokia … Continued