Amazon and Apple reportedly in talks with British chip designer ARM Holdings to be 'anchor investors' before September IPO
TECHNOLOGY POWERING BUSINESS
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ARM Targets $60 Billion Valuation For IPO
Owner Softbank seeks valuation of $60 to $70 billion for September IPO of British chip designer ARM Holdings
Tech Investors Flee China As Political Tensions Worsen
Private capital fundraising in Asia-Pacific on track for 10-year low as VC funding in China drops nearly 55 percent, report finds
AMD To Invest $400m In India Over Five Years
US chipmaker AMD confirms big investment in India, plus construction of largest design centre, as New Delhi continues charm offensive
Nvidia In Talks To Be Anchor Investor In ARM – Report
GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York
Anthropic Opens Rival AI Chatbot To Public
Challenge to OpenAI's ChatGPT and Google Bard, after Anthropic debuts Claude 2 AI chatbot, and opens it to public
Foxconn Abandons Indian Chip Joint Venture, Seeks New Project
Blow to India? Taiwan's Foxconn abandons $19.5 billion chipmaking joint venture with Vedanta, but seeks local incentives for new project
Microsoft-Backed Chatbot Maker Inflection AI Raises $1.3bn
Nvidia, Bill Gates, Eric Schmidt in round that values Inflection at $4bn as year-old start-up seeks to outpace OpenAI
Elon Musk Touts Significant India Investment By Tesla
India has more promise than any other large country in the world, says Elon Musk after meeting Indian PM Modi
ARM In Talks With Potential IPO Investors – Report
Talks with potential 'anchor investors' in ARM's upcoming IPO may include Intel, Alphabet, Apple, Microsoft, TSMC, Samsung etc
EU Approves €8 Billion in State Subsidies for Tech Research
European Commission approves 8.1 billion euros ($8.7 billion) of state aid for microelectronics and communication tech projects
Sam Altman Start-Up Worldcoin ‘Close To Securing $100m’
Worldcoin, co-founded by OpenAI chief Sam Altman, close to securing $100m in new funding round amidst 'crypto winter'
India To Reopen Applications For $10bn Chip Incentives – Report
Bad news for China? India is to reopen application process for $10bn in incentives to build local chip factories
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 lobbying
TSMC Investment Plans For Taiwan Unchanged – Report
Amid growing concerns about China's intentions for Taiwan, government minister says TSMC local investments remain unchanged
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
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
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 after Nasdaq debut
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
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
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
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
Budget 2023: Industry Reaction To Quantum Investments etc
UK is the world's third largest tech economy, so Chancellor of the Exchequer Jeremy Hunt’s spring 'growth' budget has generated some reaction
Budget 2023: Chancellor Pledges £2.5 Billion For Quantum Computing
With UK predicted to avoid recession, spring budget by Chancellor Jeremy Hunt announces funding injections into tech sector
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
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 biggest bank failure since 2008
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
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
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
China Overhauls Overseas, Domestic IPO Rules
China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown