Technology Roundup – AWS chips, Nokia patent-license complaints

科技 AWS芯片,诺基亚专利许可投诉
Published on: November 29, 2019
Author: Amy Liu

AWS chips target AMD, INTC – Wells Fargo

  • Amazon Web Services (NASDAQ:AMZN) has a deepening chip portfolio that could have investors considering its competition against Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD), according to Wells Fargo.
  • Analyst Aaron Rakers points out that the AWS re:Invest 2019 conference starts Monday, where Amazon will showcase its proprietary processor development.
  • Rakers refers to Wednesday’s Reuters report that AWS has designed a next-gen data center chip.

Nokia working to resolve patent-license complaints – Reuters

  • Nokia (NYSE:NOK) is working to resolve a dispute with companies that have complained to European antitrust regulators about patent licensing fees, Reuters reports.
  • The company has reportedly submitted a proposal that could solve its issues with companies like Daimler and pre-empt a possible probe (and fines) from the European Commission.
  • The dispute largely centers on car communications, with the two sides squabbling over royalties on tech used in navigation, vehicle-to-vehicle communications and self-driving.

NXP insider sells $2.5M in shares

  • NXP Semi (NXPI -0.7%) EVP of technology and operations David Reed sold 21,137 shares at an average price of $117.96.
  • The sale reduced Reed’s directly owned shares by 54%.

SoftBank-backed Ola going public in 2021

  • Indian ride-hail company Ola wants to start its IPO process by March 2021, according to Reuters sources.
  • The company will cut its workforce by 4-5% ahead of the public debut.
  • Ola operates in over 250 cities. Revenue grew 16% Y/Y last year to about $301M while the net loss shrank by 60%.
  • SoftBank Vision Fund (OTCPK:SFTBF,OTCPK:SFTBY) is Ola’s top stakeholder. IPOs are a key way for SoftBank to get cash from its investments, but there’s a more cautious environment after WeWork’s failed IPO.

Berkshire Hathaway was other Tech Data bidder

  • Berkshire Hathaway (BRK.A,BRK.B) was the undisclosed competing bidder for Tech Data (NASDAQ:TECD), according to CNBC sources.
  • On Wednesday, Tech Data agreed to be purchased by Apollo Global Management (NYSE:APO) for $145/share. Apollo raised its bid from $135/share after TECD received a competing offer.
  • Last week, Warren Buffett said he bid $140/share for Tech Data. He doesn’t intend to make a higher offer.
  • As part of the original deal with Apollo, Tech Data’s go-shop period expires on December 9.
  • TECD shares are up 11.9% pre-market to $144.30.