Fund raising

MPs Urge Government Support For Chip Industry

MPs urge government to publish delayed semiconductor strategy as US, EU and China push ahead with chip plans

2 years ago

EU Countries Agree 45bn Euro Chip Production Plan

European chip production subsidies. Agreement from EU countries to a 45-billion-euro ($46.6 billion) fund to encourage local chip production

2 years ago

Lawsuit Against FTX Founder, As New Boss Slams Previous Management

Class action lawsuit launched against Sam Bankman-Fried, as new FTX CEO slams previous corporate management practices

2 years ago

Amazon’s Jeff Bezos To Give Away Most Of Fortune

Founder of Amazon and one of the richest men in the world, promises to give away vast majority of his…

2 years ago

FTX Crypto Exchange Files For Bankruptcy, CEO Resigns

Chapter 11 for cryptocurrency exchange FTX, after it failed to secure rescue bid and additional funding. CEO Sam Bankman-Fried resigns

2 years ago

Britishvolt Secures Funding For Five Weeks

Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline

2 years ago

Electric Vehicle Battery Start-Up Britishvolt ‘Near Collapse’

UK electric vehicle battery start-up Britishvolt said to be near to entering administration as funding talks reach dead end

2 years ago

Intel’s Mobileye Raises $861m In Nasdaq IPO

Shares in Intel's self-driving firm Mobileye Global rose 30 percent after successful public listing on the Nasdaq

2 years ago

Intel Slashes Mobileye IPO Valuation To Below $16 Billion

Chip giant Intel significantly lowers valuation for its self-driving car unit Mobileye Global, ahead of public listing on the Nasdaq

2 years ago

Intel Mulls Lower Valuation For Mobileye IPO – Report

Intel is reportedly eyeing a 'significantly lower' IPO valuation than previously expected for its self-driving car unit Mobileye Global

2 years ago

Elon Musk Lawyers Appeal To Remove SEC Tweet “Muzzle”

Legal fight by Elon Musk continues, as he seeks to free himself from the 2018 agreement with the US SEC…

2 years ago

ByteDance Plans Share Buy-Back As IPO Stalls

Planned share buy-back values TikTok owner ByteDance at $300bn, making it one of world's most valuable start-ups, as IPO plans…

2 years ago

Celsius Seeks Permission To Sell Stablecoin Assets

Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations

2 years ago

US Bans Tech Firms From Building Chinese Factories

US Chips and Science Act (Chips). Biden administration tells those receiving federal funding they will not be allowed to invest…

2 years ago

Meta Raises $10 Billion In Bond Offering

First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy…

2 years ago

Elon Musk Sells Tesla Shares Worth $6.9 Billion

Tesla CEO Elon Musk admits he could need the funds if he loses legal showdown with Twitter and is forced…

2 years ago

SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff

Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads…

2 years ago

Deezer ‘Set For German Expansion’ After IPO Slump

Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks…

2 years ago

Italy, Intel Close To $5bn Chip Factory Agreement

Increase In European chip production? Agreement for Intel semiconductor packaging and assembly factory in Italy reportedly nudges closer

2 years ago

Alibaba Will ‘Strive’ To Maintain New York Listing

Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of…

2 years ago

Samsung Seeks Tax Breaks On Future Chip Factories In Texas

South Korean giant Samsung begins application for tax breaks on 11 potential chip manufacturing facilities in Texas, ahead of US…

2 years ago

Celsius Network Files For Bankruptcy Protection

Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure

2 years ago

Twitter Hits Back At Musk, Insisting No Breaches Occurred

Elon Musk "knowingly" breached the acquisition agreement Twitter says, as it fires back at the world's richest man and former…

2 years ago

French Music Service Deezer Slumps On Market Debut

Spotify and Apple Music competitor Deezer falls below opening price after long-delayed IPO in Paris as SPAC strategy fails to…

2 years ago

Tencent Shares Fall As Biggest Investor Says It Will Sell

Shares in Chinese internet giant Tencent fall after biggest investor Naspers says it will sell shares to fund buyback scheme,…

2 years ago

Toshiba Board Set For Vote That Could Back Buyout Strategy

Toshiba board expected to approve appointment of two external directors from hedge fund investors, making buyout more likely

2 years ago

Nasdaq Listing Most Likely For ARM, Says Softbank Boss

Bad news for London's FTSE? Japanese owner of British chip designer ARM reiterates that Nasdaq is the likely listing location

2 years ago

Musk Says Still ‘Unresolved Matters’ Over Twitter Buy

Elon Musk says still 'unresolved matters' with proposed $44bn buyout of Twitter, predicts recession in near term 'more likely than…

2 years ago

ABB Delays IPO Of Electric Vehicle Charging Unit

Swiss industrial and tech conglomerate ABB delays planned flotation of electric vehicle charging operations a second time, citing market volatility

2 years ago

Bitcoin Recovers After Sinking Below $20,000

Bitcoin and other cryptocurrencies held on to Sunday gains after the biggest cryptocurrency dipped below $20,000 on Saturday, amidst industry…

2 years ago