New York/Dresden, Germany - US chipmaker AMD plans to restructure its German-based manufacturing operation in Dresden in a bid to cut costs, US media reports said Tuesday.
The company plans to form a new joint venture, which will receive up to 6 billion dollars in funding from an investment company in Abu Dhabi, the reports said.
The aim is to reduce costs by producing chips for other companies as well as AMD, the reports added.
According to the Wall Street Journal, the new venture will be called Foundry Co.
UK based BPO major; Xchanging Plc would acquire about 75 percent stakes in Cambridge Solutions at 83 million pounds. Cambridge Solutions is a Bangalore-based firm which provides IT and ITES services. Xchanging would pay Rs 3.71 million in cash and issue shares for remaining amount.
Xchanging Plc is currently acquiring the stake of the majority shareholders in Cambridge. The Economic Times had already disclosed the deal in its July 1, 2008 edition.
In what seems to be a loss for the management team of the famous social networking website ‘Facebook’, its co-founder is planning to move out of the company within a month.
Dustin Moskovitz who founded and popularized the website alongwith his partner and roommate at Harvard University, Mark Zuckerberg, is planning to leave the company. He says he has some new plans in store as have decided to start with a new software business with the company’s engineering manager Justin Rosenstein.
The union government is planning to increase Foreign Direct Investment (FDI) in the Direct to Home (DTH) service. The ministry of information and broadcasting (I&B) recommended 74 percent FDI in DTH service from the existing cap of 49 percent.
This is informed by additional secretary, Asha Swarup at IDNS conference. The proposed move of government is aimed to bring parity between DTH and telecom services in the country.
Recently, it was announced by Netgear Inc., a networking-equipment maker, that CP Secure Inc., a provider of security solutions would be taken over by them though a deal of $17.5 million. CP Secure Inc, that provides security, basically protects against Internet-originated web and email based malware threat.
To acquire CP Secure’s assets, Netgear, a California based company will pay $14 mn in cash and if in case CP Secure hits unspecified objectives before the closure of the acquisition, it will be paid additional $3.5 mn.
New York/Dresden, Germany - US chipmaker AMD plans to restructure its German-based manufacturing operation in Dresden in a bid to cut costs, US media reports said Tuesday.
in Cambridge Solutions at 83 million pounds. Cambridge Solutions is a Bangalore-based firm which provides IT and ITES services. Xchanging would pay Rs 3.71 million in cash and issue shares for remaining amount. 
networking website ‘Facebook’, its co-founder is planning to move out of the company within a month.
the Direct to Home (DTH) service. The ministry of information and broadcasting (I&B) recommended 74 percent FDI in DTH service from the existing cap of 49 percent. 
Secure Inc., a provider of security solutions would be taken over by them though a deal of $17.5 million. CP Secure Inc, that provides security, basically protects against Internet-originated web and email based malware threat. 
