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AMD offsets weak PC sales with strong data center growth

AMD sees strong continued demand for Xilinx embedded systems and Pensando data center DPUs, according to the CEO Advanced Micro Devices (AMD) on Tuesday issued fiscal third-quarter earnings that missed Wall Street expectations. The company reported Q3 revenue of $5.6 billion, gross margin of 42%, and...

Qualcomm Ventures invests in four new startups to boost 5G adoption

Qualcomm Ventures has announced new investments in four companies to help advance innovation and accelerate 5G adoption within the ecosystem. The investments were made through Qualcomm Ventures’ 5G Ecosystem Fund. The companies include Celona, an enterprise networking platform provider that brings 5G to enterprises; Cellwize Wireless...

VC briefs: HPE pumps Series C funds into ‘AWS-beating’ software-defined edge stack

California based Pensando Systems has received $145 million in Series C, led by Hewlett Packard Enterprise and venture capital firm Lightspeed Venture Partners, to emerge from ‘stealth’ mode to launch its software-defined cloud-to-edge service stack.  The Series C round takes its total funding to $278...