China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown
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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
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
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
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”
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
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
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
Recharge Industries Makes Surprise Bid For Britishvolt – Report
Aussie battery startup Recharge Industries reportedly makes non-binding offer for collapsed UK battery firm Britishvolt
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
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
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
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 logo
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 administration
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
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
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
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 industry
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 of bill passed only last week
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 investment to $40 billion
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
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
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
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 $124bn (£110bn) fortune
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
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
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
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
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
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