Tether reports Q2 net profit of $4.9B, a quarterly record, and says it held nearly $9B in bitcoin at the end of the quarter
- Tether, the world's largest stablecoin issuer, said it registered a net profit of $4.9 billion, setting a new quarterly record. The previous record was $4.5 billion, set in Q1 2024.
AMD completes its $4.9B purchase of data center equipment designer ZT Systems, announced in August 2024, taking on its roughly 1,000 design engineers
Chip giant CEO Lisa Su says AI is still in its ‘very early stages’ as the company revs up competition with Nvidia
Niantic's $3.5B deal gives Scopely, acquired by Saudi-owned Savvy Games Group in 2023 for $4.9B, a total audience of 500M+ players, driven by Monopoly Go!
Financial Times :
Chipmaker Allegro Microsystems calls Onsemi's $6.9B takeover bid as “inadequate”; Allegro had a ~$4.9B market cap as of March 5, while Onsemi's stood at $19.6B
Bloomberg :
Sources: AMD is in talks with Asian companies for a $3B to $4B sale of data center manufacturing plants, which it inherited in its $4.9B ZT Systems acquisition
Bloomberg :
AMD agrees to buy New Jersey-based ZT Systems, founded in 1994 to design and make servers, server racks, and other infrastructure, for $4.9B, closing in H1 2025
chipmaker strengthens AI ecosystem with ZT Systems' expertise in server design Josh Norem / ExtremeTech : AMD Acquires AI Infrastructure Company ZT Systems for $4.9 Billion Diana Goovaerts / Fierce Ne...
AMD agrees to buy New Jersey-based ZT Systems, founded in 1994 to design and make servers, server racks, and other infrastructure, for $4.9B, closing in H1 2025
ZT Systems produces servers, other equipment used in data centers for artificial intelligence
A look at the privacy concerns surrounding women's health apps and services; PitchBook: femtech startups raised almost $4.9B between March 2021 and March 2024
US 2022 abortion ruling has heightened concerns over the safety of women's healthcare trackers X: @1br0wn . LinkedIn: Stephanie Stacey X: Ian Brown / @1br0wn : These (well-based) privacy fears can sur...
Samsung estimates Q1 operating profit up 931% YoY to ₩6.6T ($4.9B) and sales up 11.4% YoY to ₩71T, as high memory chip prices imply the chip downturn's end
Song Jung-a / Financial Times :
Samsung estimates Q1 operating profit of $4.9B, up 931% YoY, and sales of $52.68B, up 11.4% YoY, as memory chip prices surge, hinting end of the chip downturn
World's biggest maker of memory chips beats expectations with strong first-quarter guidance — Samsung Electronics expects …