Cadence to Pay $140 Million for Selling Chip Design Tech to Blacklisted Chinese University
The San Jose-based technology company admitted wrongdoing as part of a plea agreement announced on July 28 by the U.S. Attorney's Office for the Northern District of California.
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Associated Press
26 minutes ago
- Associated Press
NETGEAR® Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SAN JOSE, Calif.--(BUSINESS WIRE)--Aug 1, 2025-- NETGEAR, Inc. (Nasdaq: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced that it granted inducement equity awards to new employees across several business units of the company. NETGEAR's inducement plan is used exclusively for the grant of equity awards to individuals who were not previously employees of NETGEAR, or following a bona-fide period of non-employment with NETGEAR, in each case as an inducement material to such individuals entering into employment with NETGEAR pursuant to Nasdaq Listing Rule 5635(c)(4). The inducement awards granted to new employees joining NETGEAR unrelated to the Company's recent acquisition of Exium, Inc. consist of awards of time-based restricted stock units ('RSU's') covering 60,141 shares of NETGEAR common stock. One-third (1/3rd) of the total number of shares subject to each RSU Award will vest on the one-year anniversary of the RSU Award's vesting commencement date and one-twelfth (1/12th) of the total number of shares subject to each RSU Award will vest in equal quarterly installments thereafter, in each case subject to each award recipient providing continued service with NETGEAR through the applicable vesting dates. The inducement awards granted to new employees joining NETGEAR in relation to the Company's recent acquisition of Exium, Inc. consist of: (1) 33,333 RSU's to Farooq Khan, the former CEO of Exium, Inc. and now NETGEAR's Vice President of Software Security; (2) 31,110 RSU's to other members of the Exium, Inc. team who have now joined NETGEAR as full time employees ('Exium Team'); (3) an award of performance-based RSU's ('PSU's') with a target amount of 33,333 shares of NETGEAR's common stock to Mr. Khan; and (4) an award of PSU's with a total target amount of 15,557 to the Exium Team. One-third (1/3rd) of the total number of shares subject to Mr. Khan's RSU Award will vest on the one-year anniversary of the RSU Award's vesting commencement date and one-twelfth (1/12th) of the total number of shares subject to Mr. Khan's RSU Award will vest in equal quarterly installments thereafter, in each case subject to Mr. Khan providing continued service with NETGEAR through the applicable vesting dates. One-half (1/2) of the total number of shares subject to the Exium team's RSU Awards will vest on the second anniversary of the closing of the Company's acquisition of Exium, Inc., with the other half vesting on the third anniversary of the same, in each case subject to the award recipients providing continued service with NETGEAR through the applicable vesting dates. The number of shares subject to Mr. Khan's PSU Award that become eligible to vest will be determined based on the achievement of specified performance metrics as of the end of 2025, 2026 and 2027, with 195% potential vesting for the highest levels of achievement. Mr. Khan's vesting eligible PSU's, if any, will vest on March 31 of 2026, 2027 and 2028, respectively, subject to Mr. Khan's continued service with NETGEAR through those dates. The number of shares subject to the Exium Team's PSU Awards that become eligible to vest will be determined based on the achievement of specified performance metrics within sixty (60) days of the twelve month anniversary of the closing of the Company's acquisition of Exium, Inc. The Exium Team's vesting eligible PSU's, if any, will vest on September 30, 2026, subject to the award recipients' continued service to with NETGEAR through that date. About NETGEAR, Inc. Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR's consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go. More information is available from the NETGEAR Press Room or by calling (408) 907-8000. Connect with NETGEAR: Facebook, Instagram and the NETGEAR blog at NETGEAR-F View source version on CONTACT: NETGEAR Investor Relations Erik Bylin [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: CONSUMER ELECTRONICS SECURITY TECHNOLOGY SOFTWARE NETWORKS INTERNET HARDWARE SOURCE: NETGEAR, Inc. Copyright Business Wire 2025. PUB: 08/01/2025 05:00 PM/DISC: 08/01/2025 04:59 PM
Associated Press
38 minutes ago
- Associated Press
Watchung, NJ Pool Construction Service Announced By Sage Landscape Contractors
Sage Landscape Contractors and Tree Experts expands pool construction services to Watchung, NJ, offering custom concrete pools with integrated landscaping and hardscaping from their Watchung-based team with 40+ years of experience. Plainfield, United States, August 1, 2025 -- Sage Landscape Contractors and Tree Experts has announced the availability of their pool and spa construction services in Watchung, New Jersey, and surrounding areas. The company, which has served Central New Jersey for over 40 years, focuses on custom pool installations that integrate with the surrounding landscape. For more information about their pool construction services, visit The Watchung-based company provides services that address both the pool itself and the surrounding area. Their team handles landscaping and hardscaping to create unified outdoor spaces. Founded in the 1980s by Ed Sage III, a Rutgers-trained landscape architect, the company applies decades of regional experience to each project. Sage Landscape Contractors works exclusively in concrete, a material which offers significant advantages in terms of both durability and customization options. Unlike pre-fabricated fiberglass options, concrete pools can be configured to suit the existing landscaping, integrating natural features into their design and blending aesthetics with functionality. The company begins each project with planning and design phases. Their process accounts for practical considerations including drainage, grading issues, property setbacks, easements, and environmental factors such as shadows from structures and trees. This preparatory work determines optimal pool placement and ensures functional integration of all elements. For pool surrounds, Sage offers four decking material options: exotic hardwoods like ipe; natural stone in various colors and textures; concrete in multiple styles; and pavers that can be removed and replaced if pool repairs become necessary. Each material presents different advantages depending on the property conditions and homeowner preferences. The company's comprehensive approach transforms properties into functional outdoor living spaces that add value to homes. Their portfolio demonstrates experience with various pool styles, from traditional rectangular designs to free-form shapes that complement natural landscapes. Beyond pool construction, Sage provides tree and plant care services, including pruning, removal, deep root fertilization, insect and disease control, and seasonal plant management. Additional services include stormwater management and property grading solutions. This full-service capability allows homeowners to work with a single contractor for their complete outdoor environment. For additional information about Sage Landscape Contractors and Tree Experts' pool and spa construction services, visit Contact Info: Name: Ed Sage Email: Send Email Organization: Sage Landscape Contractors and Tree Experts Address: 16 Driftway Ln, Plainfield, NJ 07060, United States Website: Release ID: 89166247 In case of identifying any problems, concerns, or inaccuracies in the content shared in this press release, or if a press release needs to be taken down, we urge you to notify us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will be readily accessible to address your concerns and take swift action within 8 hours to rectify any issues identified or assist with the removal process. We are committed to delivering high-quality content and ensuring accuracy for our valued readers.
Fox News
38 minutes ago
- Fox News
Christopher Wray referred to DOJ over claims he misled lawmakers on Catholic memo, China probes
A Washington-based government transparency watchdog has referred former FBI Director Christopher Wray to the Department of Justice and the FBI, urging a criminal investigation into allegations that he had made false statements to Congress and obstructed proceedings in two high-profile cases. Oversight Project President Mike Howell told Fox News Digital that the group is specifically asking officials to examine Wray's congressional testimony on the so-called Richmond memo from the FBI office in Virginia that exposed an anti-Catholic bias there, and his testimony about a Chinese plot to disseminate illicit driver's licenses before the 2020 election. In July 2023, Wray testified before the House Judiciary Committee on the FBI-Richmond memo that had labeled Catholics as potential domestic threats. "Well, what I can tell you is you're referring to the Richmond product, which is a single product by a single field office, which as soon as I found out about it, I was aghast and ordered it withdrawn and removed from FBI systems," Wray said. The Oversight Project alleges that statement was ultimately misleading or false. Rep. Tom Tiffany, R-Wis., pressed Wray on the Richmond memo and so-called "Trump questionnaire," which was circulated at the FBI and asked about allegiance to the president and whether agents had attended any protests or rallies associated with the Jan. 6 Capitol Breach. "We keep hearing about these 'isolated examples' whether it's Richmond Catholics, this [questionnaire] -- isn't it a pattern?" Tiffany asked. The Oversight Project pointed to Senate Judiciary Committee chairman Charles Grassley's opening remarks from a June hearing on Biden-era "cover-ups," in which Grassley said the Richmond memo "used the shoddy research of the radical Southern Poverty Law Center to accuse traditional Catholics of being violent extremists." "Based on records I released the other week, there wasn't just one FBI document that used biased anti-Catholic sources, but over a dozen," Grassley said. The referral also notes that this remark by Grassley belies Wray's testimony suggesting a one-off incident. "And more FBI field offices were involved than we'd been led to believe," Grassley, R-Iowa, said. A second Richmond memo similar to the first that went unreleased following the backlash was part of a partially redacted series of documents Grassley's committee transmitted to FBI Director Kash Patel in June. It stated that the bureau "assesses RMVE (Racially Motivated Violent Extremism) interest in RTC (Radical Traditional Catholic) ideology is likely to increase … in the run-up to the [2024] general election cycle." "Director Wray's testimony was inaccurate not only because it failed to reveal the scope of the memo's production and dissemination, but also because it failed to reveal the existence of a second, draft product on the same topic intended for external distribution to the whole FBI," the Oversight Project said in a separate statement. "That draft product was intended for distribution as a Strategic Perspective Executive Analytic Report ("SPEAR"). It was clearly a separate product." The Oversight Project specifically alleged violations of obstruction of proceedings before Congress, perjury and false statements. Fox News Digital reached out to Grassley, who also told Fox News' Bill Hemmer in June that he had found 13 other documents similar to the Richmond memo. Grassley said the documents had gone out and that "at least 1,000 people had access to information that … was telling people that the Catholic Church needed to be watched because it could be considered a terrorist organization." Fox News Digital reached out to a phone number connected to Wray but did not receive a response. Patel cited the CCP influence case in a June statement, declaring that "former FBI leadership withheld the facts and misled the public on China's 2020 election interference. And they did so for political gain. This FBI is exposing all of it and giving Americans the truth they deserve." Patel claimed the FBI in 2020 "buried" evidence "for political convenience" and thanked Grassley for helping the current FBI brass bring the topic to light. During September 2020 testimony, Wray told Sen. Gary Peters, D-Mich., that the FBI had "not seen historically any kind of coordinated national voter fraud effort in a major election, whether by-mail or otherwise." Wray added that the FBI had identified localized voter fraud and that his testimony was not intended to downplay the overarching threat. Howell's group argues those statements were belied by documents Patel gave to Congress in June that reportedly showed concerns in August 2020 that China had mass-produced such fake IDs to help former President Joe Biden. The criminal referral against Wray also cites a related August 2020 seizure of 20,000 counterfeit licenses by Customs and Border Protection in Illinois. A Chicago port official told Fox News at the time that the proliferation "can lead to disastrous consequences." It is unclear if any ballots were cast as part of the scheme. During a 2020 address to the Hudson Institute, Wray did warn of the CCP threat to the upcoming election and beyond: "China's malign foreign influence campaign targets our policies, our positions, 24/7, 365 days-a-year. So it's not an election‑specific threat. It's really more of an all‑year, all‑the‑time threat. But certainly that has implications for elections, and they certainly have preferences that go along with that," he said. The FBI and Department of Justice did not immediately respond to Fox News Digital's request for comment.
