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News releases from Silicon Valley Business Journal

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Intel earnings eyed for clues about outsourcing, challenges facing new CEO
Shares of the Santa Clara-based chip giant are up by about 18% so far in 2021 in the wake of pressure from activist investor Dan Loeb and the selection of VMware Inc. chief Pat Gelsinger to replace Bob... 
Tags Technology Intel Corporation
From Business Journals
Corporate travel unicorn TripActions lands $155M in new funding
The company said it will take several years to get back to pre-pandemic travel levels, but it has been laying the groundwork for when that happens. It's valuation rose 25% to $5 billion with this... 
Tags Technology Venture capital Startups
From Business Journals
EBay CEO taps former Walmart colleague as new chief people officer
EBay Inc.'s new CEO, Jamie Iannone, hired a familiar face from his old job at Walmart to take over as eBay's chief people officer. 
Tags Cornelius Boone Jamie Iannone E/commerce
From Business Journals
Menlo Park-based services marketplace Globality scores big $138M funding
The company's marketplace has hundreds of worldwide service providers and its platform helps customers sort through them to find the right one for their needs. 
Tags Sheryl Sandberg Technology Joel Hyatt
From Business Journals
Trump pardons trade secret thief at center of Google-Uber battle
The pardon, which came amid a flurry of such actions by the president in his last day in office, was supported by Peter Thiel, the PayPal co-founder and venture capitalist who backed Trump's campaign... 
Tags Technology Startups Venture capital
From Business Journals
Google locks AI researcher Margaret Mitchell's computer access
After Google's high-profile dismissal of researcher Timnit Gebru, another member of the company's artificial intelligence ethics team has reportedly caught the Mountain View-based tech titan's... 
Tags Sundar Pichai Alphabet Inc/ Career & Workplace
From Business Journals
Medtronic may invest in SPAC founded by Intel Chairman Omar Ishrak
The new special-purpose acquisition company being planned by Intel Chairman Omar Ishrak could get financial support from his old employer, Medtronic. 
Tags Medtronic Intel Corp/ Technology
From Business Journals
San Jose-based Lumentum to buy Santa Clara-based Coherent for $5.7B
The combination of San Jose-based Lumentum and Santa Clara-based Coherent would combine companies whose technology is used in a wide variety of applications, from laser eye surgery to cloud networking... 
Tags Technology Mergers and Acquisitions Coherent, Inc/
From Business Journals
Aurora gets self-driving heavy truck deal as it wraps up buy of Uber unit
The Mountain View-based self-driving tech unicorn has more than 1,600 employees at eight locations now that it has closed its acquisition of Uber's Advanced Technology Group. 
Tags Venture capital Mergers and Acquisitions Chris Urmson
From Business Journals
Santa Clara County assessor holds webinar for commercial property owners hurt by Covid-19
If you're a commercial property owner who has been impacted by the Covid-19 pandemic, the Santa Clara County Assessor's Office is holding a free webinar Thursday to answer what's likely a big question... 
Tags Commercial Real Estate Government & Regulations Coronavirus
From Business Journals
Suitor stays mum as Lucid Motors posts jobs that suggest it’s going public
Shares of New York-based Churchill Capital Corp. IV have jumped in value by about 50% since a report last week that it is in talks to take Newark-based Lucid public in a reverse merger. 
Tags Automotive Technology Startups
From Business Journals
Citrix to buy San Jose-based Slack rival Wrike for $2.25B
The price being paid by Citrix for downtown San Jose-based Wrike is more than double what it was estimated to be worth when Vista Equity Partners bought majority control in November 2018. 
Tags Technology Private equity Venture capital
From Business Journals
Santa Clara County blames feds for bad info on limited Covid vaccine supply
Santa Clara County is expanding Covid vaccination sites even though it doesn't have sufficient vaccine 
Tags Insurance Health Care Coronavirus
From Business Journals
Podcast: Social media giants' moves against Trump spur great debate
On this week's Silicon Insider Podcast: An intense debate about the implications of the growing censorship of speech by the big social networks. 
Tags Startups Pat Gelsinger Elon Musk
From Business Journals
Airbnb, DoorDash, Wish among Bay Area's 10 biggest Q4 exits last year
A big drop in the number of M&A deals in the Bay Area last year was offset by companies taking advantage of new ways to go public. Here are the 10 who enjoyed the biggest exits in the fourth quarter of... 
Tags Venture capital Mergers and Acquisitions Startups
From Business Journals
Bay Area software startup Harness hits $1.7B valuation with $115M funding
The new unicorn offers a platform for software delivery and is led by Jyoti Bansal, the founder of AppDynamics. He sold that company to Cisco for $3.7 billion a day before it was scheduled to go public... 
Tags AppDynamics Inc/ Cloudera, Inc/ Menlo Ventures
From Business Journals
Ames Research Center scientist pleads guilty to lying about Chinese IP secrets program
A Bay Area-based senior NASA scientist pleaded guilty Wednesday to federal charges that he lied to authorities who were investigating a Chinese government program aimed at securing sensitive... 
Tags Government & Regulations Aerospace Technology
From Business Journals
These 10 VC-backed Bay Area companies raised the most at the end of a record year
About $61.3 billion was raked in by VC-backed businesses in the Bay Area, according to PitchBook Data, trailing only 2018 when $66.8 billion in funding happened. But funding nationally topped $150... 
Tags Venture capital Mergers and Acquisitions Startups
From Business Journals
Santa Clara County has ambitious Covid vaccination goal, but very little vaccine
Can Santa Clara County vaccinate 13,000 people a day between now and Aug. 1? 
Tags Insurance Mike Wasserman Marty Fenstersheib
From Business Journals
Intel switch: Bob Swan out, VMware's Pat Gelsinger in as CEO
The moves come about a month after Dan Loeb’s Third Point hedge fund called for Intel's board to consider "strategic alternatives" in the wake of losing market share to competitors who include Advanced... 
Tags Semiconductors Technology
From Business Journals
Qualcomm scoops up Apple vets' Santa Clara chip startup Nuvia for $1.4B
The price is a 159% premium above what Santa Clara-based Nuvia Inc. was valued at when it raised funding in September, according to PitchBook Data. 
Tags Mergers and Acquisitions Venture capital Technology
From Business Journals
Affirm raises $1.2B in target-topping IPO
The first major tech offering of the year topped a target range it boosted on Monday by $5 a share, raking in about $123 million more than expected. 
Tags Affirm, Inc/ Technology Startups
From Business Journals
McAfee cuts staff in San Jose, including 3 vice presidents
The San Jose cybersecurity company is reportedly making cuts elsewhere, including a closure in Israel. 
Tags Cybersecurity Technology
From Business Journals
Tesla competitor Lucid Motors may go public via SPAC merger
The company that's led by Tesla's former chief engineer reportedly could be valued at up to $15 billion in the deal. 
Tags Venture capital Startups Technology
From Business Journals
Santa Clara-based Achronix Semiconductor to go public in SPAC merger
The 16-year-old fabless chip business said it will get about $150 million in a PIPE (private investment in public equity) and will be valued at about $2.1 billion after it merges. 
Tags Startups Xilinx, Inc/ Mergers and Acquisitions
From Business Journals
Apple's self-driving electric vehicle is at least five years away, engineers say
It looks like Apple has been working in earnest on its self-driving electric car project, but insiders say it'll be several years before it can challenge Tesla, Lucid, GM and other carmakers. 
Tags Technology Apple Inc/ John Giannandrea
From Business Journals
Santa Clara-based Volterra scooped up in $500M deal
Santa Clara-based Volterra had only raised $50 million in funding since it launched in 2017 and was reportedly valued at about $175 million in its last round in 2019. 
Tags F5 Networks Inc/ Startups Technology
From Business Journals
Clover Health goes public after merger with SPAC led by Chamath Palihapitiya
The San Francisco-based provider of Medicare Advantage health plans began trading on Nasdaq Friday with the symbol of CLOV and a valuation of $6.7 billion. 
Tags Venture capital Chamath Palihapitiya Mergers and Acquisitions
From Business Journals
Santa Clara County fines Kaiser Permanente for Christmas tree Covid outbreak
Officials say Kaiser failed to report positive Covid tests in the workplace within the required four-hour timeframe. 
Tags Coronavirus Sara Cody Insurance
From Business Journals
Fire destroys vacant building in downtown San Jose, home to former Chacho's restaurant and Cinebar
The cause is not currently known, and no injuries have been reported. 
From Business Journals
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