Fund raising

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

ARM London Listing Sought By PM Rishi Sunak – Report

British government reportedly makes fresh attempt to convince ARM owner Softbank for public listing in London

2 years ago

Tesla Seeks $776m Expansion Of Texas Gigafactory

After China factory issues, application is filed to expand Tesla gigafactory in Texas, costing hundreds of millions of dollars

2 years ago

UK Mulls Cryptocurrency Version Of Sterling

Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere

2 years ago

US Bank Silvergate Covers $8bn In Crypto Withdrawals

US bank Silvergate hit by more than $8 billion in customer crypto withdrawals in late 2022 amidst 'rapid changes' in…

2 years ago

South Korea Looks To Expand Tax Cuts For Chip Firms

South Korean government wants to expand capex tax cuts for chip companies to as high as 25 percent in revision…

2 years ago

TSMC Triples Arizona Factory Investment To $40 Billion

President Joe Biden is to visit TSMC chip plant in Arizona after Taiwanese firm prepares to more than triple its…

2 years ago