Fund raising

ARM Files For IPO, But Not In London

Softbank's ARM Holdings registers for public listing in the US, in a blow to UK listing hopes and high level…

2 years ago

TSMC Investment Plans For Taiwan Unchanged – Report

Amid growing concerns about China's intentions for Taiwan, government minister says TSMC local investments remain unchanged

2 years ago

Apple Doubles Investment In Carbon Removal Fund

Investment by Apple of another $200 million in the ‘Restore Fund’, to remove carbon emissions and support sustainable forestry

2 years ago

Foreign Cash Flows Into China On Alibaba Breakup Plan

Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing

2 years ago

Virgin Orbit Files For Bankruptcy In US

Sir Richard Branson satellite launch firm Virgin Orbit files for bankruptcy in US after failing to secure funding, 18 months…

2 years ago

Paris To Ban E-Scooters After Referendum

Paris to ban e-scooters after voter poll, but providers criticise vote in which only 4 percent of residents took part

2 years ago

Virgin Orbit Lays Off 85 Percent Of Staff

Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations

2 years ago

Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure

Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding

2 years ago

Samsung To Spend $228 Billion On South Korean Chip Plant

South Korean government announces 'world's largest' chip complex near Seoul. Samsung says it will spend $228 billion

2 years ago

Cryptocurrencies Rise After US Authorities Rescue SVB Depositors

Cryptocurrencies rise after US authorities intervene to restore confidence in banking sector following collapse of Silicon Valley Bank

2 years ago

Failed Silicon Valley Bank UK Arm Sold To HSBC For £1

Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of…

2 years ago

Intel Seeks $5 Billion More In Subsidies For German Chip Plant – Report

Chip giant Intel is reportedly seeking an additional 5 billion euros in subsidies from the German government

2 years ago

Apple Lends Globalstar $252m To Aid Satellite-Connected iPhones

SEC filing reveals Apple is lending Globalstar $252m to cover upfront costs of replenishing its low Earth orbit (LEO) satellites

2 years ago

ARM Disappoints UK With Decision To List Only In New York

UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing

2 years ago

China Overhauls Overseas, Domestic IPO Rules

China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown

2 years ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

2 years ago

Funding Round Values China EV Maker Zeekr At $13bn

Geely electric vehicle brand Zeekr valued at $13bn following latest external funding round, as company prepares for possible IPO

2 years ago

Intel Now Seeks $10 Billion State Aid For German Factory – Report

Chip giant Intel reportedly increases the funding requirement from German government for planned Magdeburg chip factory

2 years ago

ARM Boss Committed To Public Listing In 2023

Chief executive Rene Haas says ARM is committed to an initial public offering this year, and plans are “underway now”

2 years ago

Google ‘Invests $300m’ In AI Start-Up Anthropic

OpenAI competitors Anthropic and Cohere raising hundreds of millions as tech giants seek foothold in generative AI sector

2 years ago

Australian Start-Up To Take Over Battery Maker Britishvolt

Australian battery start-up Recharge Industries reaches deal with administrators to take over collapsed UK battery venture Britishvolt

2 years ago

Tech Nation To Shut Down After Government Pulls Grant

UK start-up backer Tech Nation to shut down operations after government awards critical grant to Barclays digital incubator

2 years ago

Recharge Industries Makes Surprise Bid For Britishvolt – Report

Aussie battery startup Recharge Industries reportedly makes non-binding offer for collapsed UK battery firm Britishvolt

2 years ago

Microsoft Seals Multi-Billion Dollar Deal With OpenAI

Microsoft expands relationship with start-up OpenAI in multi-billion dollar deal, in major bet that AI can transform its offerings

2 years ago

Musk Says Twitter To Launch Ad-Free Subscription

Elon Musk says Twitter to offer premium subscription tier without advertising, as company seeks new revenue sources

2 years ago

Elon Musk ‘Lied’ With Tesla Privatisation Tweet, Alleges Attorney

Trial begins in San Francisco between Elon Musk and Tesla shareholders over his controversial “privatisation” tweet in 2018

2 years ago

Twitter Auctions Off Office Furniture, Fixtures And Fittings

Surplus to requirements or cost cutting? Elon Musk is selling office furniture, coffee machines, and even statue of famous bird…

2 years ago

Britishvolt Calls In Administrators, After Months Of Struggle

Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for…

2 years ago