Shares of QUALCOMM, Inc. (QCOM) ended Friday session in red amid volatile trading. The shares closed down -0.77 points or -1.21% at $62.75 with 7,794,722 shares getting traded. Post opening the session at $63.00, the shares hit an intraday low of $62.67 and an intraday high of $63.57 and the price vacillated in this range throughout the day. The company has a market cap of $91.35 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
QUALCOMM, Inc. (QCOM) on September 12, 2016 announced the opening of Qualcomm Communication Technologies (Shanghai) Co. Ltd., a semiconductor test facility in the Waigaoqiao (WGQ) free-trade zone in Shanghai, and its first foray into providing manufacturing services for semiconductors. By working with Amkor Technology, Inc., one of the world’s leading providers of contract semiconductor assembly and test services, the new company will combine Amkor’s extensive test services experience and state of the art cleanroom facilities with Qualcomm Technologies’ industry leadership in cutting-edge product engineering and development.
The new manufacturing facility demonstrates Qualcomm Technologies’ commitment to continue to invest and help develop semiconductor expertise in China, and is indicative of growth in semiconductor market leadership in the country. Through the ownership and operation of a semiconductor test center, Qualcomm Technologies will enhance its focus on customer service, continue to develop its expertise in operational excellence, and increase its business presence in China.
“The test facility is part of our continued mission to streamline supply chain operations and improve operational efficiency,” said Roawen Chen, senior vice president, QCT global operations, Qualcomm Technologies, Inc.
“Qualcomm Technologies continually strives to improve our manufacturing footprint in China and the formation of Qualcomm Communication Technologies in Shanghai is another example of this dedication,” said Frank Meng, chairman, Qualcomm China.
“We are excited to work with Qualcomm Technologies in their new test operation in China,” said Steve Kelley, Amkor’s president and chief executive officer. “Amkor offers the most advanced outsourced assembly and test technologies in China, and this expanded relationship is a natural extension of the long history of close collaboration between our two companies.”
Shares of Twilio Inc (NYSE:TWLO) ended Friday session in red amid volatile trading. The shares closed down -0.85 points or -1.31% at $64.07 with XXXX million shares getting traded. Post opening the session at $64.45, the shares hit an intraday low of $63.80 and an intraday high of $68.40 and the price vacillated in this range throughout the day. The company has a market cap of $5.35 billion and the numbers of outstanding shares have been calculated to be 84.57 million shares.
Twilio Inc (TWLO) on Sep 20, 2016 announced that it has entered into a definitive agreement to acquire proprietary WebRTC media processing technologies built by the team behind the popular Kurento Open Source Project. Upon completion of this transaction, the team behind Kurento will join Twilio to lead the integration of the new technologies and enable the development of advanced video in web and mobile applications.
Over the next several months following the close of the transaction, the Kurento Media Server capabilities including large group communications, transcoding, recording and advanced media processing will be integrated into Twilio Programmable Video. These new capabilities will enable developers to address the more advanced needs of enterprise and large-scale consumer video applications as well as next-generation video applications such as those involved in augmented reality, computer vision, robotics, and the Internet of Things.
To date, the adoption of video communication has been largely limited to conferencing systems and face-to-face applications for consumers. This is because advanced uses of video that require real-time media processing have been out of reach for mobile and web developers. While the popular WebRTC standard equips developers with client-side technology for adding video, the requisite media server infrastructure is expensive and requires specific technical expertise to implement. The addition of advanced WebRTC media server technology to the Twilio Video platform will change this by enabling API access to real-time media processing. Developers will soon have the ability to analyze, transform, augment, and store audio and video streams to power diverse video applications.
“When we started the Kurento project, we wanted to create a powerful media processing engine built for the world of WebRTC. We knew it would only be successful if we delivered this capability as a cloud service and gave it to developers through a simple and well-built API,” said Luis Lopez, CEO and co-founder of the Kurento project. “Twilio has one of the best sets of APIs and joining forces with their team enables us to complete this vision and bring our work to Twilio’s million plus registered developer accounts.”
“Twilio and the team behind Kurento share a common vision of enabling developers through powerful platforms and straight-forward APIs,” said Jeff Lawson, Twilio CEO and co-founder. “As Twilio takes another step on our mission to fuel the future of communications by enabling developers, we’re excited to join forces with the builders of Kurento to extend the uses of our video platform. We can’t wait to see what developers will build next.”