Activision’s stock dropped over 12% to $76.65, moving further away from Microsoft’s offer price of $95 per share. Activision is the publisher of “World of Warcraft,” “Overwatch,” and “Candy Crush.” If the losses hold, the video game publisher would lose about $8 billion in market value.
The gaming business also released its quarterly results on Wednesday, a day ahead of schedule. The results were better than expected in terms of bookings, but it didn’t seem to do much to relieve investor concerns regarding Britain’s move.
A day after the developer of Office software surpassed Street expectations for quarterly revenue and earnings, Microsoft shares climbed to their highest level in more than a year.
To increase its might in a video game market dominated by Tencent, the business launched its Activision offer in January 2022.
Bosch, like other automakers, was severely impacted over the past two years by delays in the production of semiconductors in Asia, which were made worse by the COVID-19 outbreak. These shortages have diminished but haven’t disappeared. Customers in the auto industry at Bosch have persisted in demanding semiconductors from sources that are more secure and diverse.
The demand for the silicon carbide chips that Bosch announced it will produce at the TSI Roseville facility is rising. According to Bosch, the silicon carbide chemistry allows for a longer driving range and quicker charging.
According to Bosch, the market for silicon carbide semiconductors is expanding by 30% yearly.
The TSI facility is currently a foundry for ASICs, or application-specific integrated circuits, which are utilized in many different industries.
Bosch intends to buy TSI’s facilities, equipment, and infrastructure in addition to its commercial semiconductor business. Bosch stated that it intends to begin manufacturing silicon carbide chips on 200-milimeter wafers—the silicon discs upon which chips are produced—in 10,000 square feet of clean room space in 2026 after retooling the factory.
