TechTaffy

tech:

taffy

Freescale Semiconductor Launches CEO Succession Process

By TechTaffy Desk

[Techtaffy Newsdesk]

Freescale Semiconductor’s board of directors has launched a formal process to identify a successor to chairman and CEO Rich Beyer, who has informed the board of his decision to retire as CEO upon the appointment of a new CEO. The board has engaged an executive recruitment firm and will consider both external and internal candidates. Mr. Beyer, 63, will continue in his role as chairman and CEO until a successor is named and seated.

Mr. Beyer joined Freescale in March 2008 and has led the transformation of the company during the past four years which culminated in an initial public offering in May 2011.

Upload: 04-22-12

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.