Ethereum is quadrupling in worth this yr, Verizon sells Yahoo for $5 billion, and Intel pronounces a $3.5 billion improve to a chip manufacturing plant in New Mexico.
It’s all of the tech information that’s common proper now. Welcome to Hashtag Trending! It’s Tuesday, May 4 and I’m your host Alex Coop.
Cryptocurrency ether broke previous $3,000 on Monday, setting a brand new report excessive that has piqued the curiosity of finance specialists on-line. Ether, the token transacted on the ethereum blockchain, is up 325 per cent for the yr to this point. It’s even outpacing a 95 per cent rise within the way more common cryptocurrency, bitcoin. Experts advised Reuters that the launch of ether exchange-traded funds in Canada and surging demand for ether wallets to transact non-fungible tokens similar to digital artwork have additionally pushed up the worth.
It’s taking place once more! AOL and Yahoo are being as soon as extra, however this time to a personal fairness agency. Wireless firm Verizon will promote Verizon Media, which consists of the 2 tech platforms, to Apollo Global Management in a $5 billion deal. Verizon says that it’s going to preserve a ten% stake within the new firm, which will likely be referred to as Yahoo. Long gone are the times when Yahoo dominated the web on the finish of the final century. The deal is predicted to shut within the second half of the yr.
.@Intel CEO @PGelsinger says the corporate is spending $20 BILLION on two new fabs in #Arizona — #Intel‘s largest funding ever & one other $3.5 billion to improve its Rio Rancho fab in #NewMexico 🤩 @IntelBusiness @Intel5GNetworks #semiconductor #5G #IoT pic.twitter.com/0veETwWjSa
— 🟣 Evan Kirstel $B2B (@EvanKirstel) May 3, 2021
That was Intel CEO Pat Gelsinger dropping huge information in an interview with 60 Minutes final week, confirming that the chip producer is investing $3.5 billion to improve a chip manufacturing plant in New Mexico. The transfer is supposed to spice up its new processor stacking know-how referred to as Foveros. Intel has been attempting very onerous in latest months to rejuvenate its manufacturing within the face of stiff competitors from AMD and a world semiconductor scarcity.
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