In a bid to expand its commitment to sustainable energy, Google has announced plans to work on six additional solar power plants within the US. According to TechHive, this is the company's second largest investment on record at a whopping $80 million -- that's a hefty sum.
A private equity firm plans to invest $75 million into Corsair.
Everyone take a sigh of relief, Corsair isn't for sale, and therefore isn't at risk of ending up in the hands of a person or organization that doesn't share the same passion for PC peripherals as Corsair does. What about the rumor floating around that suggests Corsair may be sold to private equity firm Francisco Partners? Corsair tells Maximum PC the rumor is "inaccurate," though the company is looking to secure an investment.
Justin Timberlake, who ironically played the part of Napster founder Sean Parker in the docudrama "The Social Network," has plenty of money to throw at investment opportunities in hopes that one will stick. The most high profile of his investments is his taking an ownership stake in MySpace (hence the irony), the fleding social network that recently sold for a mere $35 million. He also was involved with funding Stipple back in November, a San Francisco startup that lets users label and share photos online, and now he's going after an augmented reality company.
For now at least, Twitter isn't in a mad rush to go public and watch its stock price soar in what some are calling the second coming of the dot-com bubble. But that doesn't mean the microblogging service is hard up for cash, either. On the contrary, Twitter is trying to finalize an additional $400 million in funding that, if successful, would value the company at around $8 billion, the New York Times reports. What is Twitter really worth?
We imagine it must be pretty lonely for Intel when the world's largest chip maker up and decides to go shopping. Not many companies have millions of dollars to spend on a whim like Intel does, who just went out and invested around $24.5 million in four companies. With the four new investments announced today, and with recently announced deals in China and India, Intel Capital surpasses $10 billion in total investments since its inception in 1991.
Kingston Technology, which focuses on memory products like RAM and solid state drives, is buying a NT$96 million (~US$3.3 million) stake in JMicron, DigiTimes reports. JMicron's board of directors approved the sale of 1.5 million shares to Kingston at around US$2.21 each. What's particularly interesting about this investment is that JMicron is one of the major players in the SSD controller market, as well as USB 3.0 storage devices, both of which are areas Kingston is active in.
As long as investors keep throwing cash at Facebook, the world's largest social networking site will continue to increase in value, even if only in theory.
The latest valuation of Facebook sits at $50 billion, an obscenely high number based in part on an investment from Goldman Sachs. The U.S. investment bank, along with an Russian investor, just pumped $500 million into Facebook, officially making the site worth more than eBay, Yahoo, and Time Warner, The New York Timesreports.
NYT says the influx in cash puts Facebook in a better position to lure some of the tech industry's best talent away from companies like Google, which is something we've seen already. It also underscores the growing strength of social networking in general.
"When you think back to the early days of Google, they were kind of ignored by Wall Street investors, until it was time to go public," said Chirs Sacca, an angel investor in Silicon Valley who is a former Google employee and owns a stake in Twitter. "This time, the Street is smartening up. They realize there are true growth businesses out there. Facebook has become a real business, and investors are coming out here and saying, 'We want a piece of it.'"
Despite the high valuation, it's still unclear how much the company would really be worth in the public market. And while Zuckerberg and company keep the performance numbers a secret, NYT says the site could be pulling in as much as $2 billion annually.
Think Intel is doing okay financially? Sure they are. Intel's Chuck Mulloy once told us that his company understands it has to spend money to make money, and he wasn't just feeding us a line of bull. Get this -- the world's No. 1 chip maker announced plans to invest up to $8 billion building a new factory in Oregon and upgrading four existing plants in Arizona and Oregon. That's $8 billion to be spent on U.S. manufacturing.
"Today's announcement reflects the next tranche of the continued advancement of Moore's Law and a further commitment to invest in the future of Intel and America," said Paul Otellini, Intel President and CEO.
The projects are expected to create up to 8,000 temporary jobs and as many as 1,000 permanent positions in Oregon when the factory there opens in 2013. The investment will also help with Intel's transition to 22nm manufacturing technology.
IBM on Thursday said its going to throw millions -- as in, $100 million -- into a new research initiative that will have IBM collaborating with clinicians to develop new technologies, scientific advancements, and businesses processes for healthcare and insurance providers.
"Improving the quality of healthcare requires more than just digitizing health data," said Chalapathy Neti, Global Lead, Healthcare Transformation at IBM Research. "In fact the proliferation of diagnostics technology has in many ways added another layer of complexity, making it more difficult to gain valuable insights for patient care. Enabling greater coordination between care providers and transforming data into clinical decision intelligence could improve patient outcomes and help lower costs of healthcare today."
The money will be doled out over the next three years with a focus on three main areas. These will include evidence generation, streamlining the healthcare delivery process to improve service quality, and new incentives and models to reward patient outcomes rather than only treatment and volume of care.
Over the next 3 years, Intel will pump some 2,300 million pesos (US$177 million) into GDC expansion efforts, Intel CEO Paul Otellini announced. Intel's Guadalajara Design Center (GDC) is the chip maker's largest site in Mexico and is the location where all its technology development activities in Mexico are based.
"As a global computing leader, we believe that investing in the future of discovery is an essential business decision," Otellini said. "Our team in Mexico will continue to help us do this. This new investment today extends our long-term commitment to Mexico. The highly technical work being done at our research center here has been extraordinary, and today we are taking it to a new level."
As part of the expansion effort, Intel will construct a new building for technical labs, office space, a technology museum for children, and an IT lab to support small and medium sized businesses (SMBs). All told, Intel's efforts will create about 150 additional technical jobs, bringing the total number of GDC engineers to 550, Intel said.