Most read articles – GPS modules, Mobileye spin-off, TSMC complaints

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What topics are covered this week? There’s a contract for hardened military GPS modules, India’s Phenomenon CEO, Intel parts ways with Mobileye, the EU stops the clock on its probe into the Nvidia-Arm takeover, and TSMC’s latest spat with Intel over the government funding…

5. BAE Systems Wins New Contract for Rugged Military GPS Modules in the United States
BAE Systems has been awarded an additional $316 million contract for the delivery of rugged military GPS modules from the United States, following an initial agreement earlier this year. Specifically, the US Defense Logistics Agency executed the contract option, which, together with the $325.5 million awarded in May, brings total funding to $641 million. The agreement will ensure the availability of Common GPS Modules (CGMs) for advanced military GPS receivers with anti-jamming and anti-spoofing capabilities.

4. The phenomenon of Indian CEOs [Mannerisms]
Indian-born CEOs are a force to be reckoned with. Due to the popularity of technical degrees in India as well as high-quality educational institutions in the country, Indian tech CEOs often have a background in programming or engineering, sometimes holding additional MBAs or other degrees in trade. Parag Agrawal, who took over as Twitter CEO last week, graduated from the Indian Institute of Technology in Mumbai and Stanford University, while Alphabet CEO Sundar Pichai went to IIT Kharagpur and Stanford…

3. Intel will create Mobileye
Intel announces that it will take Mobileye public in the United States in mid-2022 through an issuance of new Mobileye shares. Estimates suggest that Mobileye could be worth $50 billion. Mobileye posted revenue of $1 billion in the first nine months of this year and operating profit of $361 million. This move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company. Intel will remain the majority owner of Mobileye and the two companies will continue to be strategic partners.

2. EU stops clock on Nvidia-Arm investigation
The EU has stopped the clock in its in-depth investigation into the Nvidia-Arm takeover. EU antitrust authorities have halted their investigation pending more information. It was revealed last week that the UK, EU and US agencies handling the deal are in regular contact with each other.

Chairman and Co-CEO of TSMC, Dr. Mark Liu1. TSMC in conflict with Intel
Last weekend, TSMC chairman Mark Liu (pictured) criticized Intel for its efforts to persuade the US government to support only domestic US chip companies. “Few people will believe what Intel says,” Liu said, “it would be very negative for the United States to only subsidize American companies. Unlike Intel, TSMC is very positive about expanding non-US chipmsker capacity in America. This is a good thing. This shows that our decision of two years ago is correct. Two years ago, TSMC decided to build fabs in Arizona.


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