AirTest Technologies Inc. (TSXV: AAT)
A Green-Tech company specializing in sensors that improve commercial building operating efficiency and at the same time create energy savings.
Chinese technology companies including Huawei have expressed strong concerns to local regulators about Nvidia’s (NASDAQ:NVDA) proposed acquisition of Arm (OTCPK:SFTBY), Bloomberg reports, potentially jeopardizing the $40B semiconductor deal.
The tech firms have been lobbying the State Administration for Market Regulation to either reject the transaction or impose conditions, to ensure their access to Arm technology.
One of the chief concerns is that Nvidia may force Arm to cut off Chinese clients, becoming yet another pawn in a U.S.-Chinese struggle for tech supremacy.
The deal needs sign-offs from China, the U.K., the EU and the U.S. Nvidia and Arm have said they’re confident they’ll get a green light from all the localities, but it may take as long as 18 months to secure the necessary approvals.
NVDA -1.4% premarket
The Shanghai arm of Ant Group’s (NYSE:BABA) potential record dual IPO has received approval from the China Securities Regulatory Commission.
The $35B IPO, split between Hong Kong and Shanghai, would become the world’s largest offering and would reportedly come with a $280B valuation, a figure that has been raised at least twice and that’s triple the size of Citigroup.
With the Shanghai approval, Ant Group could move onto pricing the listing as early as next week.
The timing would put the pricing ahead of the U.S. election. The Justice Department has reportedly filed to put Ant Group on the trade blacklist.
Yesterday, Ant Group received final approval for its Hong Kong listing.
Retired Alibaba chairman Jack Ma holds the controlling stake of Ant Group, while Alibaba has a 33% non-controlling stake.
BABA shares are up 0.5% pre-market to $311.26.
“We continue to prioritize the health of our employees and follow local government guidance,” an Amazon (NASDAQ:AMZN) spokeswoman said in an email. “Employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021.”
The company has also “invested significant funds and resources to keep those who choose to come to the office safe through physical distancing, deep cleaning, temperature checks, and by providing face coverings and hand sanitizer.”
Google announced several months ago that it will continue letting employees work from home until July 2021, while Facebook, Twitter and Square are among tech names that have announced some staff members could WFH permanently.
Nokia (NYSE:NOK) has been selected by Telia Company as the exclusive provider of 5G RAN in Finland in a five-year deal that includes the modernization of existing radio networks and will cover 7,500 sites.
Nokia has also been chosen as the supplier of 5G standalone core in Denmark, Estonia, Finland, Lithuania, Norway and Sweden in the Nordic and Baltic regions.
Nokia will supply Telia with its AirScale portfolio including 5G RAN, AirScale base stations and Nokia AirScale radio access products.
Nokia’s 5G core and Cloud Packet Core (CPC) portfolios will also supply Telia with a 5G SA core network, an expansion of the current core network from Nokia.
Pekka Lundmark, President and CEO, Nokia, said: “We are delighted to extend our long-standing partnership with Telia Company. For over half a century we have worked with Telia to deliver best-in-class connectivity – now that continues into the 5G era, as we supply Telia’s RAN technology in Finland and its core 5G network across the Nordic and Baltic nations. I look forward to continuing our close collaboration with Telia for years to come.”
Lam Research (NASDAQ:LRCX): FQ1 Non-GAAP EPS of $5.67 beats by $0.48; GAAP EPS of $5.59 beats by $0.46.
Revenue of $3.18B (+46.5% Y/Y) beats by $70M.
Operating margin of 31.1% vs. 29.5% consensus.
Shares +0.4%.
