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News
Altera San Jose IPO Could Raise Over $2 Billion
12+ hour, 8+ min ago (304+ words) The ownership change followed Intel’s effort to reduce costs and focus capital on its foundry business, according to EE Times. Altera reported $1.54 billion in fiscal 2024 revenue, compared with roughly $2 billion in annual revenue when Intel acquired the company, the outlet…...
Dozens of engineers laid off at Apple headquarters
2+ week, 4+ day ago (301+ words) Apple’s Apple Park headquarters features a colorful outdoor auditorium in the center of its orchard-themed park. Apple gutted its Silicon Valley offices of 147 employees, mostly software engineers, weeks ahead of its highly anticipated product launch. AppleInsider reported Thursday that layoffs…...