Taiwan Semiconductor’s Exclusive Deal, Eastman Kodak Gets Financing Offer: Tech Business Roundup
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) will now be the sole supplier of the 20nm process to Xilinx’s (NASDAQ:XLNX) recently introduced 8-series FPGAs and second-generation 3D ICs and SoCs, according to the Chinese-language Commercial Times on Wednesday. Prior to this, the former said that its 20nm process has received about 50 product tape-outs with actual production likely to commence during 2014.
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On Wednesday, Eastman Kodak Co. (EKDKQ.PK) was granted permission by Judge Alan Gropper in a United States Bankruptcy Court in Manhattan to retain sole control of its bankruptcy case through February 28th as the firm attempts to execute a $793 million financing offer from a group of bondholders. The present ruling allows Eastman to move forward with its plan without creditors pushing competing proposals. The company reported Monday that it selected a package in the above amount from UBS (NYSE:UBS), JPMorgan Chase & Co. (NYSE:JPM), Centerbridge Partners, and GSO Capital Partners. This agreement would require that Kodak receives a minimum of $500 million for the divestiture of its patents.
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