Latest news with #DavidPatterson
Yahoo
13-05-2025
- Business
- Yahoo
Early Warning Report Filed Pursuant to National Instrument 62-103
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - This press release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the acquisition of securities of Quebec Nickel Corp (CSE: QNI) (the "Issuer" or the "Company") by Mr. David Patterson ("Mr. Patterson" or the "Acquiror"). The Acquiror announces that on May 8, 2025, Mr. Patterson acquired 8,000 common shares in the public market at $0.12 per common share. Immediately prior to the Purchase, Mr. Patterson was the legal beneficial owner of 1,370,800 common shares of the Issuer, representing approximately 10.13% of the then issued and outstanding common shares. Immediately following the Purchase, Mr. Patterson was the legal and beneficial owner of 1,629,800 common shares, representing approximately 12.04% of the issued and outstanding common shares (being 13,534,420 common shares). The Acquiror acquired the securities of the Company for investment purposes and may, depending on market and other conditions, increase, decrease or change his beneficial ownership over the common shares or other securities of the Company through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise. A copy of the Early Warning Report filed under applicable securities laws is available under the Company's profile on SEDAR+ ( A copy of such report may also be obtained by contacting the Company at info@ The name and address of the "Acquiror" filing the report is: David Patterson604-230-1793Vancouver, BC To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
China's push for chip independence continues with its first RISC-V server CPU
When you buy through links on our articles, Future and its syndication partners may earn a commission. RiVAI Technologies has launched the Lingyu CPU, China's first domestically designed high-performance RISC-V server processor. The unveiling occurred in Shenzhen, reflecting the country's ongoing push for greater self-sufficiency in semiconductor development. The Lingyu CPU adopts a one-core, dual architecture approach, integrating 32 general-purpose computing cores (CPU) alongside eight specialized intelligent computing cores (LPU). The configuration efficiently handles tasks such as inference for open-source large language models. The architecture aims to balance processing power and energy efficiency, thereby lowering the total cost of ownership (TCO). RiVAI Technologies was founded by Zhangxi Tan, who studied under Professor David Patterson, a pioneer of RISC-V and 2017 Turing Award recipient. Professor Patterson continues to serve as RiVAI's technical advisor, promoting RISC-V adoption in China. The company is also said to have partnered with over 50 companies, including Lenovo and SenseTime, to promote adoption and ecosystem development for its RISC-V processor. These collaborations are expected to support the deployment of the Lingyu CPU across various industries and encourage further advancements in RISC-V-based computing solutions. RiVAI's announcement comes amid broader efforts in China to shift away from reliance on x86 and Arm processors by promoting the adoption of RISC-V chips. The Chinese government is driving this initiative, encouraging research institutions, chipmakers, and companies to invest in RISC-V development. Unlike proprietary architectures controlled by Western companies, RISC-V is an open-source instruction set that allows Chinese firms to design and manufacture processors without external restrictions. The push for RISC-V adoption comes in response to ongoing trade tensions and sanctions that have limited China's access to advanced foreign-made chips. To accelerate this transition, the Chinese government provides policy support, funding, and incentives for companies working on RISC-V technology. Major domestic tech firms, including Alibaba and Tencent, have already started developing RISC-V-based solutions, while state-backed research institutions are working on software optimization for the architecture. This shift could help China build a more self-sufficient semiconductor industry, reducing its dependence on Western technologies. However, challenges remain, including software compatibility and ecosystem development, which will determine the long-term viability of RISC-V as a mainstream alternative to x86 and Arm processors.
Yahoo
27-03-2025
- Business
- Yahoo
Same building, new name: Gig Harbor grocery formerly on selloff list gets makeover
While the drama between Kroger and Albertsons/Safeway's failed merger attempt and resulting fallout continues in court, previous plans within Albertsons are quietly unfolding in the area. Last week saw the grand opening of a local rebranded store, making the switch from Albertsons to Safeway, at 11330 51st Ave. in Gig Harbor. Permits were filed for the switch last summer for the store, originally built in 2001. Boise-based Albertsons Companies owns both Albertsons and Safeway grocery chains — the result of a merger finalized in 2015. That deal also ensnared Bellingham-based Haggen after its failed attempt at expansion by buying off a chunk of stores to help satisfy regulators in the Safeway-Albertsons merger. The latest transition gives Gig Harbor two Safeway locations, north and south, with the other at 4831 Point Fosdick Dr. Similar conversions have occurred elsewhere, such as the Tri-Cities area and Spokane. In 2017, the Yakima Herald-Republic reported Albertsons was conservative on changing store brands, and that the then-conversion of a Yakima Albertsons to Safeway was 'only one of a handful of brand changes Albertsons Companies Inc. has made since it acquired Safeway Inc. in 2015.' Safeway officials contacted by The News Tribune this week did not respond to requests for comment about the Gig Harbor store switch. David Patterson is a retail partner with Clarkston Consulting, a firm based in Durham, North Carolina, that provides management and technology consulting services to various industries, including grocery. Patterson told The News Tribune in response to questions that the brand switch is one way to reduce 'overlapping store brands.' 'Since the Albertston's-Safeway acquisition was approved in 2015, they've had overlapping store brands in certain areas, and in places where Safeway is better known and more trusted by shoppers, it just makes sense to stick with that name,' Patterson said via email. For example, he wrote, 'In the Denver area, they recently switched nine Albertsons stores to Safeway to streamline their operations and build on Safeway's stronger local reputation.' He noted, 'Running fewer brands helps them save on marketing and logistics, and it just simplifies a lot of things on the back end that will streamline both operations and costs.' Both stores that are now Safeway in Gig Harbor were on Albertsons' proposed divestiture list a month after the 51st Avenue store conversion permits were filed. The failed Kroger-Albertsons merger has resulted in multiple court battles. In December, Albertsons sued Cincinnati-based Kroger, one day after two judges, including a King County Superior Court judge, blocked the deal. Albertsons seeks a $600 million termination fee as well as billions of dollars in legal fees and lost shareholder value. Albertsons blamed Kroger's actions during the regulatory oversight process for the failure, while Kroger denied Albertsons' claims. On Tuesday, Kroger countersued Albertsons, contending the grocery chain 'was engaging in a secret and misguided campaign, together with C&S Wholesale Grocers, the divestiture buyer, to pursue its own regulatory strategy, which ultimately undermined Kroger's efforts.' C&S was set to buy the spun-off stores. For its part, C&S last week sued Kroger over nonpayment of a $125 million termination fee; a Kroger representative has called the case 'baseless.' An Albertsons representative told Grocery Dive on Tuesday in response to the countersuit that Albertsons was 'steadfastly committed' to the merger and that 'Kroger did not hold up its end of the bargain.'
