Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Forget Tariffs; ZTE Ban Could Hit Local Firms Hard

TECHNOLOGY: Chinese giant major OC trading partnerA U.S. ban imposed on China’s second-largest tele-communications equipment maker, lifted on July 13, has already pinched sales at Skyworks Solutions Inc. and is affecting several other Orange County technology companies with headquarters or major operations here.

ESPN, Disney to Broadcast Overwatch League

ESPN, Disney XD and its family of networks will broadcast matches of Blizzard Entertainment Inc.’s Overwatch League in another major development in the booming esports scene.

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AutoGravity’s Co-Founder Departs as CEO

Andy Hinrichs in May departed as chief executive of AutoGravity, an award-winning fintech company he co-founded in 2016, the Business Journal has learned.

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UST Attracts $250M Investment

Aliso Viejo-based IT services provider UST Global has received a $250 million investment from Temasek Holdings Pte. Ltd., Singapore’s state-run investment fund, the company announced today.

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DealerSocket Appoints CRO

Automotive software provider DealerSocket named Bryan Klann chief revenue officer on Monday.

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Wells Fargo to Shut 2 Irvine Auto Offices

Wells Fargo & Co. is closing two auto financing offices in the Irvine Spectrum, resulting in 67 employees to date leaving the firm.

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Cylance Raises $120M

Cylance Inc., one of the highest valued private companies in Orange County, has raised $120 million in a venture round led by prior investor Blackstone Tactical Opportunities.

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Broadcom Cuts 1,100 Jobs

San Jose-based Broadcom Inc., which maintains a sizeable operation in Irvine, has issued another round of deep job cuts following an acquisition.

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ShiftPixy Places $9M Debt

ShiftPixy Inc. raised $9 million in gross proceeds from a June 4 private placement of 8% senior secured convertible notes with institutional investors.

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Irvine Scientific Now Fujifilm Subsidiary

Fujifilm Corp. President Kenji Sukeno said the company completed its earlier-announced acquisition of two cell culture media businesses, Irvine Scientific Sales Company Inc. in Santa Ana and Is Japan Co. Ltd. in Tokyo, from Japanese oil and metal conglomerate JXTG Holdings.

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Irvine-based online distressed real estate auction company promoted Amit Aggarwal to chief technology officer on Monday.

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AutoGravity Hires General Counsel

AutoGravity, an Irvine-based auto-lending fintech, hired Jennifer Ishiguro as executive vice president and general counsel.

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Evolus Names CFO

Evolus Inc. (Nasdaq: EOLS) appointed Lauren Silvernail as chief financial officer and executive vice president of corporate development.

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Franchiser Names Chief Tech Exec

Home Franchise Concepts promoted Faisal Khan to chief information officer, a new position;. He’d been vice president of technology at the Irvine-based franchiser of homecare services.

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DPW Buys Israeli Firm

Newport Beach-based DPW Holdings Inc. (NYSE American: DPW) said subsidiary Coolisys Technologies Inc. bought Enertec Systems 2001 Ltd. of Israel for $4.8 million.

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JetSuite First on Board New Jet

JetSuite Inc. plans to get the first “hybrid-to-electric” aircraft from Zunum Aero when it’s ready for takeoff in 2022.

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