"Dan Loeb's Entry into the Chip Wars: A Game-Changer for Activist Investors"
Hedge fund mogul Dan Loeb's activist hedge fund Third Point, which owns a majority stake in R2 Semiconductor, is funding a patent fight against Intel, Dell, Amazon, and other tech giants over chip designs. R2 has been successful in obtaining injunctions against Intel's chip sales in Europe, and Third Point is also funding new lawsuits against Amazon Web Services and Fujitsu. The legal battle revolves around a patent related to voltage regulation in semiconductors, with Third Point investing in R2's legal costs and planning to put up $79 million in escrow for ongoing court fights in Germany.