Global Foundries may employ 750 at new site

Global Foundries has leased a big office building in Santa Clara where the semiconductor company will be able to expand its Silicon Valley operations and employ up to 750 people.

The company intends to relocate 400 workers from existing operations in Sunnyvale and Milpitas.

Global Foundries leased 165,000 square feet at 2600 Great America Parkway just south of Highway 237 in a project known as Santa Clara Gateway, which was developed by realty firm Irvine.

The building can accommodate up to 750 employees, Kimball estimated. Global Foundries will relocate its U.S. corporate, administrative and engineering offices to the new location.

Hover raises $4 million for 3-D map technology

Los Altos-based Hover, which is developing an advanced 3-D computer vision technology, has raised $4 million in new equity funding, a regulatory filing shows.

Hover's technology is software that can convert existing 2-D images into realistic 3-D photo images of buildings and other facilities. The military could use the technology to update 3-D maps in real time.

Including the current equity financing and a round of funding in October, Hover has raised at least $7.1 million.

Hover was founded by A.J. Altman, a former U.S. Marines intelligence officer, Navy SEAL and Pentagon consultant. Hover's chief technology

Annie's prices secondary stock sale

Berkeley-based Annie's has priced a secondary public offering of its stock that would raise $140 million.

Annie's is selling 3.5 million shares at $40 each, the producer of natural and organic foods said.

The selling stockholders also have the option to purchase up to an additional 525,000 shares to cover any over-allotments.

Annie's went public in March 2012, raising $95 million through the IPO and pricing the shares at $19 each.

-- Staff

Chevron in talks for Canada LNG exports

San Ramon-based Chevron is in talks with potential buyers for Canada's first exports of liquefied natural gas, paving the way for a $15 billion project that would open up a new route for North American gas to Asia, the Financial Times reported.

Chevron aims to sign contracts to sell 60 to 70 percent of the gas ahead of the project, the report says.

The project is a 50-50 joint venture between Chevron and U.S. independent oil and gas group Apache.

-- Financial Times