Biotech activity still uncertain heading in ‘24
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Sonos hires new CFO
Former Apple finance executive Saori Casey will become speaker maker Sonos’ new CFO effective Jan. 22, the Santa Barbara-based company announced Jan. 9. Casey succeeds current CFO Eddie Lazarus, who will take on the new role of chief strategy officer while retaining his existing duties as chief legal officer. Casey has more than 30 years Read More →
Transphorm bought out in $339M deal
Goleta-based Transphorm, a spinout from UC Santa Barbara, was purchased by Renesas Electronics Corporation on Jan. 10 in a deal worth approximately $339 million. Tokyo-based Renesas is a supplier of advanced semiconductor solutions while Transphorm is a leader in gallium nitride power semiconductors. According to details of the purchase, Renesas will acquire Transphorm for $5.10 Read More →
VC, IPOs and M&A: Central Coast could see more activity in ’24
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Generative AI will take off in 2024, area experts say
2024 will be the year of the new wave of artificial intelligence — generative AI — Tri-County experts in the field say. Most, if not all, AI companies and other businesses that use AI will be dialing into the cutting-edge technology more and more, the specialists say. They include those in the Central Coast region Read More →
Atara to cut workforce by 30%, will keep T.O. locations operational
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New product possibilities excite Sonos analysts, stock
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