Intel to Acquire Israel’s Tower Semiconductor for $5.4 Billion

Intel announced it will purchase Israeli chipmaker Tower Semiconductor in a deal valued at $5.4 billion. Tower — which specializes in analog semiconductor solutions for high-growth markets including mobile, automotive, medical devices and power management — will make Intel instantly more competitive in sectors dominated by Taiwan’s TSMC. Intel CEO Pat Gelsinger cited “Tower’s specialty technology portfolio, geographic reach [and] deep customer relationships” among the assets that will help scale Intel to “a globally diverse end-to-end foundry” to help meet growing chip demands across the nearly $100 billion addressable foundry market. Continue reading Intel to Acquire Israel’s Tower Semiconductor for $5.4 Billion

Congress Passes Bill Intended to Boost Quantum Computing

Congress passed a bill that aims to speed up the development of quantum computing in the United States. The technology is anticipated to revolutionize cybersecurity among other areas. The House approved the bill in a 348-11 vote. President Trump is expected to sign it into law, since quantum computing has been a priority of his administration. China has been focused on the technology and plans to open a laboratory in 2020. With the new bill, U.S. legislators hope to push efforts to keep up with or surpass rivals. Continue reading Congress Passes Bill Intended to Boost Quantum Computing

Jam City Invests in Mobile Gaming Future with Two New Hires

Los Angeles-based mobile game company Jam City (formerly SGN Games) has hired AI expert Rami Safadi and experimental psychologist Lisa Spano to lead a new research and development team. Both hires will be focused on consumer insights and leveraging data to create new gaming experiences. Safadi believes artificial intelligence will play an integral role in gaming innovation. Jam City’s hires are part of a new phase of development after its initial success, including six of the highest-grossing games in the U.S. Continue reading Jam City Invests in Mobile Gaming Future with Two New Hires