(Reuters) -The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a “Secure Enclave” for microelectronics, which are a critical component to a wide range of weapon systems and other national security products. Shares of Intel were up 5.7% after the announcement. The award pushes […]
Exclusive-Vista, Blackstone nearing $8-billion deal to buy Smartsheet, sources say
By Milana Vinn and Mike Spector NEW YORK (Reuters) – Buyout firms Vista Equity Partners and Blackstone are in advanced talks to acquire Smartsheet, in a deal that could value the collaboration-software maker at close to $8 billion, people familiar with the matter said on Monday. The private-equity firms are discussing an offer of around […]
Strike could cost Boeing $100 million-plus in daily revenue, analysts say
By Shivansh Tiwary (Reuters) – Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday. The Seattle-area Boeing workers who build the planemaker’s most popular 737 MAX and other jets in factories on the U.S. West Coast went […]