Instagram's co-founders and executives resigned from Facebook. This exodus at Instagram comes at a time when Facebook has been going through the worst crisis in its history for months. The Wall Street Journal states that Mike Krieger and Kevin Systrom "have been in conflict in recent months over Instagram's autonomy" partly because "Facebook leaders, including Mark Zuckerberg, were pushing Instagram to quickly expand the number of users" of the application.
Qualcomm sues Apple. The semiconductor and telecommunications equipment company says that Apple has been stealing its wireless technology for several years in order to stop its reliance on Qualcomm components. Apple is alleged to have given Qualcomms code to Intel, in order to boost Intels modem speeds. On information and belief, Apple developed and carried out an intricate plan, beginning at least several years ago and continuing through the present, to steal vast swaths of Qualcomms confidential information and trade secrets and to use the information and technology to improve the performance of non-Qualcomm chipset solutions and, in conjunction, the performance of iPhones based on such non-Qualcomm chipset solutions, the complaint, seen by newspaper The Verge, states. To be continued
The Californian "tech" in the spotlight. Major American Internet groups are on their way to becoming the White House's new target. Bloomberg has obtained a document suggesting that the government is working on a draft decree authorizing federal agencies to investigate the competitive practices of online platforms, such as Google and Facebook, although no company is named in particular. We know how disenchanted Donald Trump is with social networks, which he accuses of being biased, even though he himself is a very large user of Twitter.
Awox triples his size. The French company is pushing its pawns into a world of bottled home automation. Awox has completed the acquisition of Groupe Chacon for 10 million. The Belgian company specializes in electrical accessories and pilot home automation solutions, in particular the Dio range, which allows you to control a house with a smartphone. The new entity will generate annual revenues of 31 million, including 20 million for Chacon.
An IPO for Exyte. Germany's leading engineering group Exyte is knocking on the door of the Frankfurt Stock Exchange, where its valuation could reach 2.5 to 3 billion. The operation would be carried out without the issuance of new shares. The company, owned by Georg Stumpf, specializes in the assembly and implementation of complex projects for semiconductors or life sciences and more generally in harsh environments. Its revenues are expected to increase from 2.4 billion in 2017 to 3.5 billion this year.
The semiconductor industry adapts. While the macroeconomic stigma of the Sino-American trade war has not yet appeared, companies have begun to adapt to the new situation. Consistent information obtained by Reuters suggests that several Asian suppliers to the semiconductor industry have started discrete production migrations outside China, mainly through redistributions to other sites. However, there will be no massive movement or heavy investment outside China at this stage.