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Irvine to Install AI Traffic Lights

City Tries to Alleviate JamsStuck in another Irvine traffic jam? Artificial intelligence will soon come to the rescue at a corner near you.

Clean Energy Posts Big Q4 Sales Drop

Newport Beach-based Clean Energy Fuels Corp. in the fourth quarter recorded a steep sales drop and wider losses.

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Qualcomm Bid Blocked

President Donald Trump scuttled Broadcom Ltd.’s attempted hostile takeover of rival Qualcomm Inc., signing a presidential order Monday prohibiting the bid due to national security concerns, according to news reports.

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AutoGravity Signs TD Bank

Irvine fintech firm AutoGravity today said it signed TD Auto Finance, a subsidiary of TD Bank, to its mobile car sales app.

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Nicholas Donates $40K to UCI Crew

Broadcom Corp. co-founder Henry Nicholas is donating $40,000 to ensure the men and women crew teams at University of California-Irvine will participate in the 2018 American Collegiate Rowing Association National Championship Regatta in May in Georgia.

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Yamaha Gets First American President

Yamaha Corp. of America named Tom Sumner president to succeed Hitoshi Fukutome, who’ll return to its parent company’s headquarters in Hamamatsu, Japan, as senior general manager of Asia Pacific sales.

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Microsemi Sells for $10.15 Billion

Microsemi Corp. (Nasdaq: MSCC), an Aliso Viejo-based semiconductor maker, is selling itself for an enterprise value of $10.15 billion to Microchip Technology Inc. (Nasdaq: MCHP).

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Microsemi in Play: Report

Aliso Viejo-based Microsemi Corp. is in “advanced talks” on a potential sale to Microchip Technology Inc., according to a Wall Street Journal report.

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UEI Shares Pop

Shares of Universal Electronics Inc. are up 25% in afternoon trading to a market value of about $784 million, with shares moving about three times higher than the average.

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Alteryx Beats in Q4

Irvine-based Alteryx Inc. reported fourth quarter revenue and operating income that topped Wall Street expectations, with shares trading 17% higher after the release of the results.

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Avid Expects $20M from Secondary Offering

Tustin-based Avid Bioservices Inc. yesterday priced a public offering of 9 million shares of common stock at $2.25 apiece, and expects more than $20 million in gross proceeds after the offering closes next week.

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UCI Prof Joins Acacia in Restaurant Robotics

A Chicago hospitality company has joined Acacia Research Corp. in an investment in a Pasadena-based robotics maker for the restaurant industry, and a University of California-Irvine professor has joined that firm’s advisory board.

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Qualcomm Rejects $121B Broadcom Bid

The board of Qualcomm Inc. today unanimously rejected Broadcom Ltd.’s latest unsolicited cash and stock bid of $121 billion, or $82.00 per share.

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TTM Down on Q1 Outlook

Shares of TTM Technologies Inc. declined about 3% to a $1.5 billion market cap after the Costa Mesa-based company provided an outlook on adjusted profits this quarter that were below Wall Street expectations.

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Broadcom Boosts Bid for Qualcomm to $121B

Broadcom Ltd. raised its hostile bid for San Diego rival Qualcomm Inc. this morning to $121 billion, or $82.00 per share.

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Irvine Manufacturer Sold for $235M

Irvine-based FMH Aerospace has changed hands for the second time in less than three years.

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