RAWABI, West Bank/TEL AVIV (Reuters) – Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a $3.5 million payout when the company’s takeover by U.S. chip supplier Nvidia Corp is completed.
A logo of Mellanox Technologies is seen at their building in Yokneam, Israel March 4, 2019. REUTERS/Amir Cohen
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week.
LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year.
The forecast, included in the company’s second-quarter results late on Thursday, was the hardest evidence yet of the damage President Donald Trump’s trade war with Beijing may do to the global industry.