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The Latest Breaking News from Nvidia Corp

SoftBank-Owned Arm Ltd Looks To Prune ~1K Jobs As It Prepares For IPO

SoftBank Group Corp(OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd looks to slash 15% of its workforce as it prepares for its initial public offering, Bloomberg reports. Arm aims to trim 12% - 15% of U.K. staff to control spending and focus on fewer projects. Also Read: SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans, US Joins…

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers. Intel CEO Pat Gelsinger…

Nvidia's Sensitive Data Remains Vulnerable To Ransomware Group's Deadline Which Ends Today

Nvidia's Sensitive Data Remains Vulnerable To Ransomware Group's Deadline Which Ends Today

The Lapsus$ ransomware group threatened to leak Nvidia Corp (NASDAQ:NVDA) “most closely-guarded secrets” today unless it met their demands, TechCrunch reports. Lapsus$ told Nvidia to remove its controversial Lite Hash Rate (LHR) feature, limiting the Ethereum mining capabilities of its RTX 30 series graphics cards. Lapsus$ also wanted Nvidia to open-source its graphics…

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Nvidia Says Employee, Company Information Leaked Online after Cyberattack

US chipmaker Nvidia Corp said on Tuesday a cyber attacker has leaked employee credentials and some company proprietary information online after their systems were breached. "We have no evidence of ransomware being deployed on the Nvidia environment or that this is related to the Russia-Ukraine conflict," the company's spokesperson said…

Asharq Al-Awsat

Here's Why Citi Is Still Bullish On Nvidia Despite Arm Deal Fall Out

Citi analyst Atif Malik reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA) with a $350 price target. The price target implies an upside of 41.5%. The re-rating follows Nvidia's termination of the planned acquisition of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) ARM Ltd due to significant regulatory challenges to closing the deal. The Street largely expected that the…

SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) aims for an initial public offering for Arm Ltd. Nvidia Corp's (NASDAQ:NVDA) just abandoned the proposed acquisition of the chip designer amid fierce opposition from regulators and customers. SoftBank will keep a $1.25 billion breakup fee with the deal's termination. Related Content: Nvidia Quietly Looks To Dump Its Arm Ambitions SoftBank looks for…

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